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 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.
IBs can order a free audio CD of NFA's Promotional Material and Compliance Issues for Small Firms workshops. The CD contains copies of all workshop materials in a PDF format. Email requests to email@example.com.
NFA Members can file many of their required documents electronically.
You can check the registration status and disciplinary history of any futures firm or individual.