National Futures Association (NFA) Regulated Forex Brokers List 2020

When the United States Congress established the Commodities Futures Trading Commission in 1974, the same legislation allowed for the creation of registered futures associations. In 1982, the NFA began operations as a self-regulatory organization for the financial derivatives industry within the United States.

# Forex Broker Year Regulator
1 City Index City Index 1983 ASIC, FCA, FSA, IIROC, MAS, NFA
2 BDSwiss BDSwiss 2012 CySEC, FSC, NFA
3 FOREXcom FOREXcom 1999 CFTC, NFA
4 OANDA OANDA 2001 CFTC, DFSA, FSA, IIROC, MAS, NFA
5 eToro eToro 2007 NFA, CySEC, ASIC, CFTC, MiFID, FCA
6 TradeStation TradeStation 1982 CFTC, FCA, NFA, SEC
7 IG Markets IG Markets 1974 FCA, ASIC, FSCA, CFTC, NFA

Forex Brokers in USA

USA as a world known and important country in the worldwide economy and financial systems hold a strong position in the Forex industry as well, yet applied some of the strictest demands to their operations. Due to USA regulations and laws, there are many implemented rules which seem to be complicated and limiting trading possibilities. However, there are numerous USA Forex Brokers that in fact bringing a reliable and very competitive trading environment.

As for the regulation itself, the trading and Forex industry is overseen by the two main authorities while all US Brokers must be registered with the NFA (National Futures Association) or CFTC (Commodity Futures Trading Commission). Those supervising authorities regulate financial service providers or trading Brokers which ensures market integrity, with responsibilities to provide transparency and the highest level of client’s protection. In fact, the CFTC is among the most progressive authorities in terms of publicly that informs the citizens about taken actions and market researches, while the main mission of the organization – to find fraud companies.

How to Verify NFA Authorisation

To identify if a forex broker is regulated by NFA, the first step is to identify the name of the entity from the disclosure text on the broker's homepage. For example, here's the key disclosure text from City Index's website.

City Index holds a banking license issued by its supervisory authority the NFA.
Next, look up the firm on the list of supervised institutions listed on NFA's website to validate the firm's current regulatory status. Here is the official NFA page.

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