Membership and Directories

All registered FCMs, RFEDs, IBs, SDs, CPOs and those registered CTAs who direct client accounts or provide tailored investment advice must be NFA Members. CFTC- registered APs of NFA Members must be NFA Associate Members. Only CFTC- registered firms have access to the directories. The Security Manager(s) of CFTC-registered firms have the authority to grant access to individuals within the firm. The directory information is not available to the public.

NFA Membership Totals

As of April 30, 2026

Total Membership*

2,760

Membership by Category
Commodity Trading Advisors	1,175
Commodity Pool Operators	1,084
Futures Commission Merchants	69
Introducing Brokers	885
Major Swap Participants	0
Retail Foreign Exchange Dealers	4
Swap Dealers	108
Exchanges	6
Associates	37,086

*Total membership counts each NFA Member entity once. However, many NFA Members are registered in multiple categories. For example, a CPO may also be registered as a CTA and would be counted in each category. Therefore, totaling all categories will not equal the total membership count.

NFA Directories and Registries

NFA's directories and registries provide information about NFA Members and CFTC registrants, including, among other details, registration and membership status, NFA ID, exemption notice filings, and city, state, province (if applicable) and country.

As a security precaution, these directories and registries are password protected.