US regulatory agencies

althoughforeign exchangeThe market is the world's largest financial market, but it is still largely unregulated.

There is no international organization or global institution in the world responsible for supervising and overseeingForeign exchange transactions。

Due to the unregulated nature of the spot foreign exchange market, this provides opportunities for foreign exchange fraud and fraud.

Although there are no international organizations to protect foreign exchange traders, such as the Shendun Bureau(S.H.I.E.L.D.)Protecting the world, but there are also some countries that monitor and supervise foreign exchange trading activities, including foreign exchange brokers within their borders.

If you trade foreign exchange in the United States, you should pay attention to two main regulatory agencies.

US goodsfuturesTrading Committee(CFTC)

In the United States, we usuallyCFTCCall it a big shot.

This organization was established in1974In order to protect individuals(Ordinary people, just like you)Futures and commodity trading. Because futures include the money marketCFTCIt also 'naturally' protects foreign exchange traders. from1974Since the beginning of the year,CFTCMany changes have occurred, hoping to improve the trading environment and create a fair competitive environment.CFTCAlso responsible for releasing trader position reports every Tuesday(COT)。

5The members of the committee are appointed by the President, and the committee consists of a board of directors and institutional operating units. In addition to its headquarters in Washington, the committee also3Offices - Chicago, Kansas City, New York.

Futures trading is also located in these cities. So if you have any questions, you can go there, take out a water spray gun, and spray them. make fun of. Don't do that - they are good people. They will help you.

Assuming there is no institution to protect you. So there will soon be more scammers and brokers deceiving their customers.CFTCEnsure market order, otherwise the market will be in a mess.

CFTCThe task is to protect market users and the public from risks associated with commodities and financial futuresoptionThe harm caused by sales scams, manipulation, and bad behavior. In the "unregulated" foreign exchange market, this regulatory agency helps you identify whether a foreign exchange company is reliable and trustworthy.

The following areCFTCWebsite link:

http://www.cftc.gov/index.htm

If you want to file a complaint or report suspicious activities:

http://www.cftc.gov/consumerprotection/redressreparations/index.htm

National Futures Association(NFA)

NFACreated on1982The entire industry organized and regulated the futures market in the United States. The meaning of self isNFACharge to maintain its own operation, without relying on taxpayers' money.

IfCFTCIt's a big shot, so we usually call itNFA... Little boss.NFAThe activities of the US Commodity Futures Trading Commission(CFTC)The government agency responsible for regulating the futures industry in the United States.

NFAThe task is:

• Ensuring integrity in the foreign exchange industry
• Protecting market participants
• forceNFAMembers fulfill their regulatory responsibilities

Basically, every individual or company engaged in futures or options business with the public mustCFTCRegister or becomeNFAMembers.NFArepresentativeCFTCPerform the registration process.

NFAMember institutions include: Commodity Trading Advisor(CTA)Commodity Fund Manager(CPO)Futures Brokers(FCM)And futures intermediaries(IB)。

To conduct business in the futures market, you must beNFAMembers. To becomeNFAMembers, an organization needs to go throughNFAReview of compliance withNFAStandards and regulations.

These regulations ensure a complete and fair market competition environment, not just for investors.

With the passage of time, they have made great progress. To address futures related issues,NFAsince1983Arbitration has been adopted since.1991In the year, a faster way to resolve disputes emerged - the mediation plan.

2001end of the year,NFAStart accepting online complaints.2002In the year, members began to register online.

2004Year,NFAtowardsFBISubmit fingerprint digital images for faster background review and shorter registration time. What an active organization! This demonstrates its ability to keep up with the times. Who knows, they may have just created their owniPadApplication software. Ha!

AndCFTCtogether,NFAProviding protection for investors and individuals from scam traps.