We found 11 online brokers that are appropriate for Trading Nfa.
NFA is the abbreviation for the 'National Futures Association'. It is a self-regulatory organization whose main purpose is to supervise and overwatch the commodities and futures in the United States. The association aims to protect traders, clients, and investors from malicious futures and commodities activities.
More and more traders are becoming interested in trading futures and securities to earn extra money. Some of them even make trading their full-time job.
There are plenty of people who have lost their money because of performing activities through unregulated brokers. Here is where the NFA - National Futures Association enters in to help. The NFA seeks to prevent fraudulent activities or scams from happening in the future of futures and commodities.
NFA brokers are renowned and trustworthy in the United States Forex market as they are highly regulated with tight restrictions to prevent fraudulent activities.
It acts as a watchdog in the USA to protect traders and investors from excessive losses.
The NFA oversees mediation to handle clients’ complaints regarding particular brokerages in the market. The NFA does not have dealings with any specific marketplace. So, it is safe to say that the NFA won’t favor one particular party over another.
Because of its self-regulatory status, the NFA can protect investors from fraudulent futures and commodities without feeling pressured or controlled by the opposing party. They don’t support concerned parties who will not disclose transparent information to their clients.
If you are about to trade through a particular brokerage in the U.S., you will want to make sure that you’ve joined only with regulated brokerages. This is necessary to make sure that you are not choosing the wrong brokerages. The NFA will protect you from getting scammed. Of course, you will need to exclude all non-regulated brokerages and focus only on NFA-regulated brokers instead.
People who place trades through NFA brokers are subject to some notable limitations like the leverage should not exceed 50:1 ratio on some of the major currency pairs. For exotic currency transactions, the leverage is limited to a 30:1 ratio.
In addition to leverage limitations, traders dealing with NFA brokers need to follow a certain pattern of liquidity. They should follow the FIFO rule, which means first-in, first-out.
Under NFA brokers no client is allowed to hedge positions while having positions opened in a currency pair.
Meanwhile, it is also mandatory for all the NFA brokers to maintain a minimum balance of $20 million and a report about balances clients have is to be submitted to the agency each week.
The NFA brokers are bound to fulfil regulatory requirements and follow healthy business practices with clients. The agency holds all the rights to withdraw their approval if too many complaints are received from the clients.
The authenticity of NFA brokers are found on their websites. NFA license number is usually displayed and a link to their profile too.
The primary benefit trading through NFA brokers is the safety of funds that are deposited as margin money. Traders are assured they can arbitrate and a dispute can be easily resolved.
Trading through NFA brokers means peace of mind as they have fulfilled all the required procedures to get a license from the regulatory agency before serving clients.
The NFA brokers are widely considered as trustworthy and dealing with them means not getting trapped under any kind of fraudulent activity.
For brokerages, it is not easy to get approval from the NFA. Brokers need to follow the rules and requirements that are issued by the NFA. These are set up to protect investors and traders from any kind of abusive or fraudulent actions.
There are many brokerages that you can find on the U.S. market. All you need to do is to type the right keyword in the search engine, and the results will show up in seconds. At this point, you may learn that many of them are not regulated. But thanks to the work of the NFA, regulated-brokers tend to get more exposure, both online and offline, because of their certifications and licenses.
The NFA has evolved from year to year to improve the requirements and restrictions that they make in order to give more benefits to investors. They issue hard restrictions on Forex trading brokerages to prevent major financial losses among retail traders in the U.S. With such regulations, it hopes to decrease the number of bankruptcies. As we all know, the market is quite volatile, and only a few professionals can manage to deal with it appropriately.
Some markets are not for beginners. But, the NFA helps all investors from suffering excessive loss, regardless of their level of experience.
One of the most positive concrete aspects of the NFA is that it limits the ratio of leveraged trades to 50:1 for major currency transactions. For exotic pairs, the leverage ratios are much lower, 30:1. Such ratios can help prevent someone from losing their entire bank account when hard times hit.
Forex brokerages need to have reserves of at least twenty million dollars to protect their investors funds. The number of funds they need to prepare will also depend on their number of clients. But, that doesn't end here. The NFA requires these regulated brokerages to submit sensible reports every week. The information should include the balances of all their clients.
The regulatory requirements must be fulfilled by each particular Forex broker to make sure that the services they provide are appropriate for their clients. Clients' feedback and reviews will also influence evaluations made by the NFA towards particular brokers.
For instance, if too many customers are criticising a company for bad services, the NFA could end up withdrawing their approval. This can mean 'bad news' for that brokerage, because they are no longer regulated.
There are several ways to follow while searching for NFA brokers. A simple Google search is first required and thereafter comes the verification phase.
Websites of NFA brokers usually display their license number and profile page link with the regulatory agency. Verifying with either option is enough to know their authenticity.
Almost all the Forex traders in the United States believe NFA brokers are the best in the industry. There are several reasons why they are trustworthy and one of the important ones is the strict regulatory policy of the Chicago-based National Futures Association.
A good Forex broker won’t mind showing proof of their regulation. Be sure to check that a broker clearly displays their NFA License Number and that it can be traced back to the official site of the NFA. You can also confirm whether the Forex brokerages you choose are trustworthy and reliable, or not.
One of the perks that you can take away from the NFA is that its regulations will ensure the safety of your trading funds in terms of margin. It will put you in a good position if you ever face a dispute with a broker about payments, or any other issues for that matter.
There is one more important reason for the reliability of NFA brokers. Traders are highly secured and protected not to lose much even when the market is in the worst position.
NFA never allows leveraging more than a certain set limit. Moreover, the traders are asked to follow the FIFO rule and they cannot hedge positions.
More to all these, under the guidelines of NFA, the brokers need to maintain a balance of $20 million and periodically to submit the balances of clients to the agency.
All these features of NFA brokers attract traders as they feel more confident and more protected while trading in the Forex market.
However, it is strongly suggested to verify the NFA brokers for their authenticity and collect some reviews from their clients.
It is also important to check their portfolio and whether clients have repeatedly complained about their services to the regulatory agency.
These measures will help in finding one of the best NFA brokers in the industry.
We have conducted extensive research and analysis on over multiple data points on NFA Brokers to present you with a comprehensive guide that can help you find the most suitable NFA Brokers. Below we shortlist what we think are the best nfa brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching NFA Brokers.
Selecting a reliable and reputable online Nfa trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Nfa more confidently.
Selecting the right online Nfa trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for nfa trading, it's essential to compare the different options available to you. Our nfa brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a nfa broker that best suits your needs and preferences for nfa. Our nfa broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Nfa Brokers.
Compare nfa brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a nfa broker, it's crucial to compare several factors to choose the right one for your nfa needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are nfa brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more nfa brokers that accept nfa clients.
Broker | IC Markets | Roboforex | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro | ThinkMarkets |
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) | Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), TF Global Markets Int Limited (Seychelles) (8424818-1), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TFG (Payments) Limited (United Kingdom) (10537331), Think Capital Services UK Ltd (United Kingdom) (11054653), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272), TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Seychelles Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272) |
Min Deposit | 200 | 10 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | No minimum deposit | 100 | 50 |
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Used By | 200,000+ | 730,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ | 450,000+ |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) | ThinkTrader, WebTrader, TradingView, TradingView, Mobile Apps, iOS (App Store), Android (Google Play) |
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Learn More |
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Up with icmarkets |
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Up with roboforex |
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Up with xtb |
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Up with xm |
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Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
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Up with thinkmarkets |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 75-83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money |
Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
ThinkMarkets Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR | RU, AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW |
You can compare Nfa Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Nfa Brokers for 2025 article further below. You can see it now by clicking here
We have listed top Nfa brokers below.