NFA Regulated Forex Brokers: The Complete Register

Forty-eight brokers in the WIKILIX database hold a registration with the National Futures Association, and this page lists every one of them, ordered by overall score. The NFA is the self-regulatory body for the United States futures and retail forex market, so its member roll is the shortest honest answer to which firms are cleared to take US forex business. Thirty-four of the 48 carry a clean regulation status in our records. The other fourteen do not, and the table below shows exactly which.

This ranking is built from licence records rather than picked by hand. A broker joins the moment our data shows an active NFA registration and leaves when that record changes, so the count keeps itself current. Marex Group leads on a score of 91.3, ahead of ED&F Man Capital Markets at 85.3 and Paxos Trust Company at 82.2. The median score across all 48 is 57.8, and the figures fall to 44.0 at the foot of the list.

What NFA registration does and does not tell you

Registration means a firm has met the association's membership and disclosure requirements and can be looked up on the public BASIC database. It does not rank the firm, and it does not stop WIKILIX recording a separate concern. Fourteen brokers here fall outside a clean status: nine are flagged as suspicious clones, two for exceeding their stated scope, one as offshore, and one, Straits Financial Group, as a scam despite its score of 80.9. A fourteenth, Prime Codex, has no status recorded at all. Three of the eight highest-scoring firms carry a flag, which is the clearest sign that a high score here is not a clean bill of health.

The register also crosses borders. NFA oversight applies to United States futures and forex activity, yet only twenty-two of these firms are headquartered in the country. Marex is a London group, Straits Financial is based in Hong Kong, and newer names such as IM Markets and Wisdom are registered in Saint Vincent and the Grenadines. Domicile is where a company is incorporated, not where its NFA-facing business runs.

The register at a glance

• 29 hold more than one regulator, 19 hold NFA alone. FOREX.com and OANDA each list seven authorities, while most of the smaller US futures shops carry NFA and nothing else.
• Nine firms predate the year 2000. Standard Bank traces to 1862 and E*TRADE Futures to 1982, while IM Markets and Mensa Finance both opened in 2023.
• Recorded leverage runs from 1:1 to 1:1000. OANDA's US entity sits at 1:50, the NFA ceiling for major currency pairs, while offshore-registered entities such as Ironbeam and ALPFOREX reach 1:1000.

What the NFA framework requires

NFA members trading retail forex must meet minimum capital rules and keep customer money in segregated accounts. They also submit to the association's arbitration and enforcement process. The number that matters most to a US trader is leverage: the NFA caps retail forex at 50:1 on major pairs and 20:1 on minors, far below the 1:500 and 1:1000 figures shown against the offshore entities on this list. A firm can hold an NFA registration for its US arm and still market much higher leverage through a separate offshore company, which is why the leverage column here has to be read next to the domicile.

Before you open an account with any of these firms

• Confirm the exact entity you are signing with. An NFA registration covers the US member firm, not automatically the offshore arm that advertises higher leverage.
• Look the firm up on the NFA BASIC database by name or NFA ID and read its regulatory action history, not only its membership status.
• Check which entity would actually hold your account, because that decides whether the 50:1 retail forex cap applies to you.
• Treat a WIKILIX status flag as a reason to dig further before funding.

This list reflects NFA registrations recorded in the WIKILIX database as of today. It does not measure spreads or execution quality, and it says nothing about whether a given firm accepts clients from your country. Confirm any registration on the NFA's own record before you deposit.