Random article: Regulated Forex Brokers in The USA
In the United States of America services on operations with finance derivatives with such base asset as the currency quote obtained in the results of trades on FOREX interbank exchange market are mainly rendered by futures brokers with the futures commission merchant (FCM) license and retail FOREX dealers with retail foreign exchange dealer license (RFED). In the USA historically developed distribution of regulation spheres takes place. Under this model, futures market mainly falls under the competence of Commodity Futures Trading Commission (CFTC) and Self-regulatory organization - National Futures Association (NFA). Futures commission merchants and etail foreign exchange dealers acquire CFTC license and also enroll NFA self-regulatory organization. Regulating agencies set minimum amount threshold of company's proprietary funds, which by today amounts to at least 22 mln US dollars.