2023-04-18 11:20
Regulators： US Securities Commission
Regulatory region： US
License Type： MM
Application price (USD)： ***
Application frequency： 4 months
Maintenance costs (USD)： ***
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Hong Kong | 2023-04-18 11:20Regulators：
US Securities Commission
Regulatory region：
US
License Type：
MM
Application price (USD)：
***
Application frequency：
4 months
Maintenance costs (USD)：
***
Company summary：
essential information The National Futures Association (NFA for short) is a non-commercial independent regulatory agency that supervises the derivatives industry in the United States. It is a for-profit membership organization, and its regulatory scope includes futures trading, retail foreign exchange, and OTC derivatives. cost Initial membership fee: Retail Foreign Exchange Dealer (RFED) $125000; Introducing Broker (IB) for $750.
Product details：
Annual fees: The fees paid each year vary depending on the turnover. Regulatory Rules NFA has systematic and strict rules for sales methods, data recording, regular reporting, risk disclosure, business freedom, fee disclosure, minimum capital requirements, and other aspects of enterprises. If a company violates rules, the NFA will take the following measures: warning letters, fines, revocation of licenses, prohibition of any cooperation with NFA members, and public orders for fines (up to a maximum of $250000).