RED List: FX Choice.com | CFTC (2024)

FAQs

Does FXChoice work in the USA? ›

This entity operates outside the United States with no or limited U.S. presence.

The Registration Deficient List, also called the RED List, contains names of foreign entities that appear to be acting in a capacity that requires registration with the CFTC, but they are NOT registered with the CFTC.

Intermediaries are generally required to register with the CFTC. Associated Persons (APs) also must register and their principals must be listed. Floor Traders (FTs) are also required to register.

Crypto transactions are coming to an end. The FSC, the regulator and license issuer for FXChoice, has barred the company from accepting deposits or issuing withdrawals in crypto starting next year. FXChoice sincerely apologises to all its clients for the inconvenience these restrictions will cause.

singular noun. The red list is a list of species that are considered to be in danger of extinction. The red list now includes more than 28,000 species that are considered as threatened with extinction. red-listed adjective. In the most recent survey, one in five breeds of British bird was red-listed.

CFTC Overview

The Commodity Futures Trading Commission is an independent U.S. government agency that regulates the U.S. derivatives markets, including futures, options, and swaps.

A natural person resident in the United States. A partnership, corporation, trust, investment vehicle, or other legal person organized, incorporated, or established under the laws of the United States or having its principal place of business in the United States.

Are Forex Brokers and Forex trading legal in the U.S.? Yes, forex brokers are legal in the U.S., but they must be registered with and regulated by the Commodity Futures Trading Commission (CFTC) and be members of the National Futures Association (NFA).

On average, a forex trader can make anywhere between $500 to $2,000 per day. However, this figure can vary significantly depending on market conditions, trading strategy, and risk management techniques. Some traders may make more than $2,000 in a single day, while others may make less or even incur losses.

Why can't US residents trade forex? ›

The reason for this is quite simple - capital requirements. While a broker has to have around $100,000 - $500,000 of locked capital to obtain one of the European licenses, NFA requires quite an enormous amount of capital to be able to operate in the US - 20 million dollars.

The CFTC, established in 1974, governs derivatives markets with a focus on futures contracts, options, and swaps. On the other hand, the SEC, formed in 1934, safeguards investors and ensures the fair functioning of securities markets.

The Commission must authorize all enforcement actions, and the CFTC has the power to bring such actions either administratively (before administrative law judges or other appointed presiding officers) or in federal court.

Each futures commission merchant (FCM) is required to maintain adjusted net capital of $1,000,000 or some greater amount as determined under CFTC Regulation 1.17(a)(1)(i).

Yes, forex brokers are legal in the U.S., but they must be registered with and regulated by the Commodity Futures Trading Commission (CFTC) and be members of the National Futures Association (NFA). This ensures compliance with strict financial standards and offers protection to traders.

FOREX.com offers US individual customers the ability to trade forex by setting up an Individual Account with us and an IRA through one of our three partner custodians with whom we have established relationships.

Yes, you can. With MetaTrader 4 you have the option to set buy and sell limits in the 'orders' window.

As a result, any foreign trading platform looking to operate in the US must comply with these regulations. Deriv has not obtained a license from either SEC or CFTC, which prevents it from directly offering its services to US traders.