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Background Check FAQs

  1. How can I verify that a firm is registered with the Commodity Futures Trading Commission (CFTC) and an NFA Member?
  2. How can I check the background of my broker or brokerage firm?
  3. Does NFA have a list of the top FCMs, RFEDs, IBs, CPOs, CTAs, forex dealer members, SDs or MSPs?

1. How can I verify that a firm is registered with the Commodity Futures Trading Commission (CFTC) and an NFA Member?

You can visit NFA's Background Affiliation Status Information Center (BASIC) to check if a firm or individual is registered with the CFTC and a Member of NFA. BASIC contains current and historical registration information concerning all current and former CFTC registrants, including name, business address and registration history in the futures industry. If a search results in no registration information, contact NFA's Information Center toll-free at (800) 621-3570.

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How can I verify that a firm is registered with the Commodity Futures Trading Commission (CFTC) and an NFA Member?

2. How can I check the background of my broker or brokerage firm?

To conduct a background check of your broker or firm, visit NFA's Background Affiliation Status Information Center (BASIC). BASIC provides information concerning disciplinary actions taken by NFA, the CFTC and all the U.S. futures exchanges. If you are researching a firm, you should also conduct a background check of all the individuals listed as principals of the firm. Sometimes the firm will have no disciplinary history, but one or more of the principals may have been disciplined while working at other firms.

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How can I check the background of my broker or brokerage firm?

3. Does NFA have a list of the top FCMs, RFEDs, IBs, CPOs, CTAs, forex dealer members, SDs or MSPs?

NFA does not rank its Members or maintain a list of the top FCMs, RFEDs, IBs, CPOs, CTAs, forex dealer members, SDs or MSPs. However, NFA publishes several directories of CFTC Registrants and NFA Members that are available on NFA's website.

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Does NFA have a list of the top FCMs, RFEDs, IBs, CPOs, CTAs, forex dealer members, SDs or MSPs?
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