NFA

The NFA (National Futures Association) is the independent self-regulatory organization for the US futures and forex industry, authorized by the CFTC in 1982. The NFA is the primary authority with which all US forex brokers must be registered. It regulates member brokers, alerts the public against fraud, and maintains market integrity. NFA membership is mandatory for brokers operating in the US, and together with CFTC oversight forms the US's dual-layer broker supervision structure. Historical records of all registered members are publicly searchable via the BASICNET database.