Be Smart: Check Registration and Backgrounds Before You Trade

Before working with any person or firm to trade in commodity futures, commodity pools, options, forex, or other derivatives, verify that the entity is properly registered with the CFTC.  The Commodity Exchange Act requires certain firms and individuals to be registered with the CFTC.  Registration and examination of intermediaries is conducted on behalf of the CFTC by the National Futures Association (NFA) under the supervision of the CFTC.

Do a Check

Visit the NFA BASIC database to check: 

  • Registration
  • Disciplinary or regulatory history
  • Financial information

First Things First 

Verify the registration status and disciplinary history of the person or firm selling a product or strategy before researching the risks or potential returns of the trade itself. 

While registration and a clean disciplinary record won’t protect you from fraud, most scams involve unregistered entities, people, and products.

For more information, review the frequently asked questions and answers below.

Registration FAQs