CFTC
Grade A
License facts
What it takes to hold this license, from the TrustFinance regulator database.
Requirements to get licensed
Main requirements
- Registering with the National Futures Association (NFA) as a Futures Commission Merchant (FCM) or Introducing Broker (IB).
- Meeting minimum capital requirements, which vary based on whether the firm is an FCM or IB.
- Complying with anti-money laundering and combating the financing of terrorism (AML/CFT) laws and regulations.
- Submitting a detailed business plan outlining key operating assets, market strategies, financial estimates, and risk management measures.
- Providing photocopies of passport details of shareholders, management, and key personnel.
- Presenting residence registration documents for shareholders, executives, and important team members.
- Obtaining professional references of senior staff demonstrating their expertise in foreign exchange operations.
- Ensuring criminal record-free identification for shareholders, management, and key executives.
- Paying a license fee and submitting proof of identity and residency.
- Passing a criminal background check.
About this regulator
The Commodity Futures Trading Commission (CFTC) is a vital U.S. government agency established in 1974 to regulate the country's derivatives markets, including futures, swaps, and certain options. Its main goals are to ensure these markets are transparent, competitive, and free from fraud, manipulation, and abusive practices. The CFTC oversees market participants, conducts market surveillance to prevent misconduct, protects consumers through education and enforcement, and promotes the integrity of the financial markets. Additionally, it collaborates with international regulatory bodies to addre...
Companies holding this license
8 companies on record. Each links to its verification page.
