NFA Regulated Forex Brokers

US serves as a driving force in global finance, as one of the most impressive economic powerhouses globally, while the market is strictly supervised by the country’s watchdogs NFA (National Futures Association) together with CFTC. 

NFA Forex Trading Platform

Forex Trading Market is legal in the US, it is a well-regulated environment with strict compliance regulations enforced by NFA to make sure all operations remain legally sound and closely monitored.

  • NFA-regulated brokers and platforms provide investors with exceptional fund security supported by renowned US banking compliance with stringent requirements
  • The NFA is under the supervision of the Commodity Futures Trading Commission (CFTC) another regulator in the US. The latter was established back in 1974 by the government and is responsible for regulating the US futures industry.
  • For more information visit NFA Wikipedia or read our article on US Forex Brokers.
🏦RegulatorThe National Futures Association (NFA)
🛡️Is it Safe to Trade with NFA Broker?Yes
📊Max. Leverage50:1
🔒Negative Balance ProtectionYes
💰Compensation SchemeYes

US NFA Forex Regulation

The regulatory NFA programs are probably the strictest worldwide and ensure the integrity of markets, participants’ protection, and the following of operational standards. That brings a serious, transparent business offering to the clients and prevents fraud.

Check NFA’s official websitewww.nfa.futures.org, and we recommend following the regulator on Twitter – @NFA_News.

NFA outlines important criteria to become an officially certified broker in the US, with registration being a key requirement. See below some points we advise you to consider:

  • Generally, it is not easy to become an NFA-regulated broker. The regulator requires an initial capital of 20 million USD
  • NFA imposes strict rules and procedures that aim to protect US clients, so is considered one of the safest and good options worldwide as offered for US Trading, however, these rules may also restrict clients in a way
  • Leverage is limited to a maximum of 1:50, also there are restrictions on hedging and sometimes scalping strategies, also no Credit Card payments are accepted.
  • None of the Brokers based elsewhere than in the US are allowed to accept traders (including offshore Brokers), therefore if you are a trader from US only NFA Regulated brokers are available for trading
  • We highly recommend checking FX brokers for regulation before engaging in any sort of trade and being aware of scammers for your safety.

NFA logo

Top 5 Best Forex Brokers NFA

Our team of financial professionals has selected a list of top NFA-regulated brokers, while in fact there arent so wide offering available due to strict rules. This list is only composed of limited brokers who meet stringent criteria set forth by the National Futures Association (NFA) and offering premier trading conditions:

  • OANDA – Best Overall NFA Broker  2024
  • Interactive Brokers – Lowest Spread Broker in US NFA 2024
  • Forex.com – Best MT4 Broker with NFA Regulation 2024
  • IG – Best Broker for Beginners 2024
  • eToro – Best for US Crypto Trading 2024

What If a Broker is not Registered with NFA?

All qualified entities dealing in the futures markets must register with the NFA in the USA. Firms in the derivatives business should be registered by both with the CFTC and the NFA. Therefore, for US residents it means you’re breaking the law if trading with any of these companies, including offshore firms.

What Does NFA Mean for Crypto Trading?

Since NFA stands for the National Futures Association and regulated Trading itself, it also starts slowly to impose regulations on Crypto Markets too. However, CFDs trading on Cryptocurrencies is restricted, US clients can only trade by Crypto Exchanges, one of them in eToro US.

List of Brokers with NFA Regulation

These are the regulated brokers that hold NFA licenses, even though not so many available as international offerings, based on our research:

Broker Detail
OANDA US
Min. Deposit: No minimum deposit
Max. Leverage: 1:50
Trading Platforms: MT4, fxTrade Mobile, TradingView
Regulation: NFA, CFTC
1
OANDA US Review
M1 Finance Review Logo M1 Finance
Min. Deposit: $100
Max. Leverage: Margin Trading
Trading Platforms: M1 Proprietary Trading Platform, Mobile Apps
Regulation: SEC, FINRA, SIPC
2
M1 Finance Review
Ally Invest Review Logo Ally Invest
Min. Deposit: $0
Max. Leverage: Margin Trading
Trading Platforms: Ally Invest Proprietary Trading Platform
Regulation: SEC, FINRA, SIPC
3
Ally Invest Review
Firstrade Review Logo Firstrade
Min. Deposit: $0
Max. Leverage: Margin Trading
Trading Platforms: Firstrade Proprietary Trading Platform, Options Wizard, Mobile Apps
Regulation: SEC, FINRA, SIPC
4
Firstrade Review
Questrade Review Logo Questrade
Min. Deposit: $1,000
Max. Leverage: Margin Trading
Trading Platforms: Questrade Web, QuestMobile, Questrade Edge Mobile, Questrade Edge, Questrade Global
Regulation: IIROC, CIPF, SEC, FINRA
5
Questrade Review