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CFTC / NFA

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The Commodity Futures Trading Commission and the National Futures Association regulate retail forex in the United States. The regime is the strictest in this list: leverage is capped at 50:1 on majors, hedging and FIFO rules apply, and capital requirements are high enough that very few brokers bother. A US retail forex licence is rare and meaningful.

IG Review 2026: Twelve Companies, One Bank Licence, No Fines Found ASIC, BaFin, CFTC / NFA, DFSA, Financial Conduct Authority (FCA), FSA Japan, FSCA, MAS · FCA 195355 (IG Markets) and 114059 (IG Index); BaFin 148759; FINMA bank and securities dealer; MAS CMS licence; AFSL 515106; FSCA FSP 41393 plus ODP approved; NFA 0509630 (tastyfx); BMA investment business and digital assets 54814 · cfd, commodities, crypto, etfs, forex, indices, stocks Trusted 8.3 /10 19 Sep 2026 Interactive Brokers Review 2026: Your UK Account Is Carried in America ASIC, Central Bank of Ireland, CFTC / NFA, Financial Conduct Authority (FCA), MAS, SEC · FCA 208159; Central Bank of Ireland C423427 (MiFID firm and MiCAR crypto-asset service provider); SEC 8-47257 and FINRA CRD 36418; MAS CMS100917; ASIC AFSL 453554 · cfd, commodities, crypto, etfs, forex, indices, stocks Trusted 8.1 /10 20 Sep 2026 FOREX.com Review 2026: Eight Licensed Companies Behind One Brand CFTC / NFA, Financial Conduct Authority (FCA) · FCA 446717; NFA 0339826; CySEC 400/21; CIRO Investment Dealer; Kanto Local Finance Bureau (Kinsho) 291; AFSL 345646; MAS Capital Markets Services licence; CIMA 25033 · commodities, forex, indices Trusted 7.9 /10 19 Sep 2026 tastyfx Review 2026: IG’s US Arm, and the One Tenth That Keeps It Out of Trusted CFTC / NFA · NFA ID 0509630. Registered as a Retail Foreign Exchange Dealer only, not as a Futures Commission Merchant. Not an SEC-registered broker-dealer. · forex Neutral 7.4 /10 12 Oct 2026 OANDA Review 2026: Eight Licences, One Capital Record Worth Reading ASIC, CFTC / NFA, Financial Conduct Authority (FCA), FSA Japan, FSC British Virgin Islands, MAS · NFA 0325821 (USA); FCA 542574 (UK); AFSL 412981 (Australia); MAS Capital Markets Services Licensee, no number published by MAS (Singapore); BVI FSC SIBA/L/20/1130; Kanto Local Financial Bureau 2137 (Japan, claimed) · cfd, commodities, forex, indices Neutral 6.7 /10 12 Oct 2026