An FCM is an individual or organization which does both of the following:
Registration is required unless:
All registered FCMs must be Members of NFA in order to conduct futures business with the public.
An FCM is required to file the following:
Additionally, all registered FCMs engaged in retail off-exchange forex activities are required to:*
Additionally, all registered FCMs engaged in swap transactions are required to:
*FCMs that are not primarily and substantially engaged in on-exchange futures business activities must be registered as RFEDs to act as the counterparty to a retail off-exchange forex transaction.
**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 FCMs meet their regulatory requirements. Visit NFA's publication library for a complete list.
NFA has produced a web seminar on "The Do's and Don'ts of Promotional Material." NFA Members can view the seminar free of charge. Click here to access the program.
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.