Friday, July 25, 2008

Forex Broker Regulation - Part Three

FSA's headquarters, 25 The North Collonade, Ca...

The difference Between NFA (National Future Association) And FSA (Financial Services Authority)

NFA [National Future Association]:
To Be Able To Register in NFA you must have the following:
  1. You Brokerage Firm Based in United State
  2. Working in Futures
These two rules are basically must be there to be able to regulate with NFA

FSA [Financial Services Authority]:
To be able to register with The FSA your brokerage firm must be exist & based in United Kingdom

Question: I have a brokerage Firm in United Kingdom. Can I register with NFA?
Answer: No You Can't. But If you have branches in USA you can do it

Question:
I have a brokerage Firm in USA. Can I register with FSA?
Answer: No You Can't

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