US Brokers - MyForexUniverse’s top US Forex BrokersThe National Futures Association (NFA) is an independent self-regulatory organization and watchdog of the commodities and futures industry in the United States. The NFA oversees and protects investors from fraudulent commodities and futures activities. The NFA also provides mediation and arbitration for resolving consumer complaints. NFA is headquartered in Chicago, IL and also maintains an office in New York City.

NFA’s main scopes of operations are fraud and abuse prevention, handling dispute resolution and drafting regulatory frameworks. NFA-registered brokers are obliged to maintain a net capital of at least $20 million to guarantee customers’ positions, which makes them extra safe to invest with.

Brokers that are registered with the NFA have to comply with an extensive set of rules. Unfortunately these rules are often limiting from traders’ prospective but there is no way aroud them.

The most important NFA rules concern trading strategies, leverage and hedging:

In 1974, the United States Congress established a federal regulatory agency called the Commodity Futures Trading Commission (CFTC). Under the Commodity Exchange Act, Congress gave jurisdiction over commodity and futures trading, and allowed the futures industry to create a national self-regulatory organization, which in 1982 would create the National Futures Association (NFA).

In 1998 the NFA created online access to the Background Affiliation Status Information Center (BASIC). BASIC, provides current and historical registration information, disciplinary actions of all current and former CFTC registrants.

Below is the list of NFA Regulated Forex Brokers:

 

Broker Bonus Rating Review Open Account
Opteck.com Bonus for First Deposit 4.9 Review Visit Broker
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TradeRush Bonus for First Deposit 4.9 Review Visit Broker
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EZTrader Bonuses up to 100% on deposit 4.8 Review Visit Broker
Magnum Options Bonus for First Deposit 4.8 Review Visit Broker
uBinary Bonus for First Deposit 4.8 Review Visit Broker
Stockpair Bonus for First Deposit 4.7 Review Visit Broker
TraderXP Bonus for First Deposit 4.7 Review Visit Broker
Trading247 4.5 Review Visit Broker
First Binary Option Service 4.5 Review Visit Broker
FXCM 4.3 Review Visit Broker
Forex Club Bonus for First Deposit 4.3 Review Visit Broker
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ACM 4.3 Review Visit Broker
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FX Solutions Get $3 For Every Traded Standard Lot 4.1 Review Visit Broker
Oanda 4.0 Review Visit Broker
CitiFX Pro 4.0 Review Visit Broker
GlobalOption Up to $300 Deposit Bonus 3.9 Review Visit Broker
HotSpot FX 3.9 Review Visit Broker
CTOption 3.6 Review Visit Broker
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