Home > FAQs > Registration > General Registration Questions > What is a prepaid account?

What is a prepaid account?

Any Commodity Pool Operator, Commodity Trading Advisor, Futures Commission Merchant, Swap Dealer, Major Swap Participant, Retail Foreign Exchange Dealer, Introducing Broker or non-natural person floor trader can establish a prepaid account with National Futures Association. No minimum balance is required. The prepaid account will be used for payment of: 

  • Registration filing fees
  • Additional firm registration filing fees
  • NFA membership dues
  • Late Filing Fees (8-T filings & financials)
  • Annual registration records maintenance fees
  • Fingerprinting by NFA staff (written request required)

Account statements reflecting the account balance and all activity by month and year can be viewed in ORS. Hardcopy statements may also be mailed monthly.  

To open or add money to a prepaid account, send a check and cover letter with instructions to NFA at the address below. Please include the name and NFA ID number of the firm for which the prepaid account is being established or for which the deposit is being made.  

Treasurer's Office
National Futures Association
Post Office Box 98383
Chicago, Illinois 60693-0001 

To close a prepaid account, send a letter requesting a refund of the account balance to the address below. NFA will mail a check for the balance in the prepaid account within 10 business days after NFA receives the request.  

Treasurer's Office
National Futures Association
300 South Riverside Plaza
Suite 1800
Chicago, Illinois 60606-6615

NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the derivatives markets.
Site Index | Contact NFA | News Center | FAQs | Career Opportunities | Industry Links | Home
© National Futures Association All Rights Reserved. | Disclaimer and Privacy Policy