National Futures Association
NFA · United States · Established 1982
National Futures Association (NFA) is the financial regulator of the United States, established 1982. It caps retail leverage at 1:50, requires segregated client funds, and compensates clients up to USD 250,000 if a firm fails.
Official register
Check a firm's licence yourself
What this licence gets you
The rules a firm has to follow to keep this licence. A dash means we hold no answer on file, which is not the same as a no.
- Maximum leverage, retail
- 1:50
- Maximum leverage, professional
- 1:50
- Compensation if the firm fails
- USD 250,000
- Negative balance protection
- Not required
- Client funds held separately
- Required
- Hedging
- Not permitted
- FIFO order closing
- Mandatory
- Supervision covers
- Margin Forex supervised
- Body type
- Self-regulatory Organization
About NFA
The National Futures Association is the self-regulatory organization for the U.S. derivatives industry, including on-exchange traded futures and retail off-exchange foreign currency.
- Mandatory Membership
- Strong Compliance