US TIER 1 United States

NFA

National Futures Association

NFA is the US derivatives industry self-regulatory organisation and works alongside the CFTC. For a retail-forex firm, use NFA BASIC to match the legal entity, NFA ID, membership or registration status and disciplinary history. US retail forex does not automatically receive SIPC protection under securities-account rules.

Website See all Tier 1 brokers

What you actually get in this jurisdiction

Retail leverage cap: 1:50
Investor compensation: No investor compensation scheme; SIPC does not cover retail forex
Negative balance protection: Not recorded

How to verify a licence with this authority

Do not search the brand alone. Match the legal entity, identifier, current status, permitted activities and registered domain on the official register.

Find the full legal entity that the broker says will contract with you.
Search that entity or licence identifier in the official register.
Match status, permissions, address and registered domain; watch for clone firms.
Confirm that the entity serves your location and client category, then read the protection limits.

Open official register Open official complaint channel Entry checked 2026-08-30

Regulated brokers

5 on record

#	Brokers	License No.	Status	Overall score
01	IG Group	`0509630`	Active	90.0
02	Interactive Brokers	`0258600`	Active	84.0
03	OANDA	`0325821`	Active	80.0
04	Forex.com	`0339826`	Active	75.0
05	tastytrade	`0508825`	Active	63.0

How to file a complaint with NFA?

If you have a dispute with a broker regulated by NFA, here is the complaint path. Gather your evidence first (deposit/withdrawal records, trade history, support transcripts), then follow the process below.

Contact the broker directly first, demand a written reply within 7 days
If unresolved, file a formal complaint with NFA directly (www.nfa.futures.org )
Keep all communication and evidence for potential arbitration
Optionally submit a verified complaint on FXCN to warn other traders — File a complaint