CFTC Forex Brokers
There are lots of regulatory bodies in USA. Among them, The Commodities & Futures Trading Commission or CFTC is one of the important and respected authorities of US financial market. This regulatory body formed in April 15, 1975 & mainly regulates future and option markets. Or in a nutshell, you can say CFTC supervises American companies who are dealing with either one or all of WAP’s, commodities, and Forex trading.
Since CFTC deals with lots of instruments and brokers in US financial market, it has a huge responsibility there. And these responsibilities made CFTC’s role important for both brokers and investors. Its core mission is to ensure a health and competitive market so that to make the future market more efficient. Beside that, one of the most important responsibility is reviewing and designing the terms for the brokers those benefits both the brokers and their clients. Furthermore, it also has some other responsibilities.
CFTC Regulation & Forex Brokers in USA
For brokers, CFTC regulation is a very important trademark because it helps them to alleviate many problems of business operation & also to get trust from their clients. Hence, if a broker follows the rule of CFTC it will also be aligned to this goal. And to do so, please study Commodity Exchange Act (CEA) & The Commodity Futures Modernization Act of 2000 carefully. Then align your company policy is such way so that it never violates any of these authorities directives. For the beginning it’ll be enough we guess. After that, CFTC itself will guide you to polish your policy.
Regulated – CFTC
Foundation Year – 2013
Minimum Deposit – $50
Headquarters – United States
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Regulated – CFTC, FINRA, NFA, SIPC
Foundation Year – 1999
Minimum Deposit – $500
Headquarters – United States
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Regulated – CFTC, IIROC, SEC
Foundation Year – 1977
Minimum Deposit – $10000
Headquarters – United States
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