NFA (National Futures Association)

NFA (National Futures Association) - a non-profit self-governing organization Futures and FOREX U.S. industry. NFA began operations in 1982 with the intent to protect the ethics of futures and other markets and protect the interests of traders and investors. Each individual or a company offering services to clients trading in the futures market and Forex in the U.S., must be registered with the CFTC and a member of NFA. To date, NFA has approximately 4.300 members and 50,000 associate members (representatives of firms who are members of NFA). The main function of the NFA is to establish a careful monitoring of strict compliance with NFA members of federal laws and regulations established by CFTC. NFA also has its own rules, introduced in order to ensure the ethical treatment of brokers to traders and investors and to protect them from fraud and manipulation.