Regulator Comparison
Compare regulators side by side
Pick up to 3 authorities and compare leverage caps, compensation schemes, client-money rules and investor protections — from strict onshore regimes to lighter offshore frameworks.
🇺🇸NFA
Attribute
Jurisdiction
United States
Region
North America
Investor protection strength
Strong
Strict oversight
Leverage cap (retail)
50:1 (majors), 20:1 (minors)
Compensation scheme
No forex compensation scheme (SIPC covers securities only)
Client-money rules
Held with strict capital and reporting rules.
Licence categories
- Retail Foreign Exchange Dealer (RFED)
- Futures Commission Merchant (FCM)
- Introducing Broker (IB)
Investor protections
- Strict minimum net-capital requirements
- Mandatory disclosure and reporting
- NFA arbitration for disputes
Brokers on BrokerBazaar
This comparison is educational reference material and not financial or legal advice. Rules change over time — always confirm a broker's licence and current protections on the regulator's official register before trading. Offshore regimes are described factually in terms of oversight and leverage, not as an assessment of any individual broker.