An IB is an individual or organization which solicits or accepts orders to buy or sell futures contracts, options on futures, retail off-exchange forex contracts or swaps but does not accept money or other assets from customers to support such orders.
Registration is required unless:
All registered IBs must be Members of NFA in order to conduct futures or swaps business with the public.
An IB is required to file the following:
Additionally, all registered IBs engaged in retail off-exchange forex activities are required to:
Additionally, all registered IBs engaged in swap transactions are required to:
*An application fee is not required if the individual is currently registered with the CFTC in any capacity or is listed as a principal of a current CFTC registrant. In addition, only one application fee is required if the individual is filing an application as both an Associated Person and Principal.
Click here if you do not already have access to the Online Registration System.
NFA publishes several guides to help IBs meet their regulatory requirements. Visit NFA's publication library for a complete list.
NFA offers its Members a variety of education and training opportunities, including webinars, workshops and video tutorials.
NFA Members can file many of their required documents electronically.
You can check the registration status and disciplinary history of any derivatives firm or individual.