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)
• Purchase of directories (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.  

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.