Commodity Futures Trading Commission (CFTC) Brokers 2024

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Written By
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Written By
Tobias Robinson
Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
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Fact Checked By
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Fact Checked By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
Updated

US CFTC

The Commodity Futures Trading Commission (CFTC) is an independent governmental agency charged with the regulatory oversight of the futures and options markets in the US, including authorizing brokers and trading platforms. In this guide, we evaluate the top-rated brokers regulated by the CFTC, alongside uncovering the agency’s history, powers and how its rules protect online traders.

Best CFTC Brokers

The CFTC enforces measures to protect futures and options traders in the US. These are the top 6 brokers that hold a license with the CFTC:

Click a broker for details
  1. 1
    FOREX.com
    Active Trader Program With A 15% Reduction In Costs

    Ratings
    4.9 / 5
    4 / 5
    4.3 / 5
    4.6 / 5
    4.6 / 5
    4.3 / 5
    4.8 / 5
    4.5 / 5
    3.6 / 5
    3.8 / 5

    $100
    0.01 Lots
    1:50
    NFA, CFTC
    Forex, Stocks, Futures, Futures Options
    MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
    Wire Transfer, Credit Card, Debit Card, Visa, Mastercard, Skrill, Neteller, ACH Transfer
    USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN
  2. 2
    NinjaTrader

    Ratings
    4.3 / 5
    2.8 / 5
    2.9 / 5
    4.3 / 5
    4.5 / 5
    4 / 5
    4 / 5
    3.5 / 5
    3 / 5
    3.2 / 5

    $0
    0.01 Lots
    1:50
    NFA, CFTC
    Forex, Stocks, Options, Commodities, Futures, Crypto
    NinjaTrader Desktop, Web & Mobile, eSignal
    ACH Transfer, Debit Card, Wire Transfer
    USD
  3. 3
    OANDA US
    CFDs are not available to residents in the United States.

    Ratings
    4.5 / 5
    3.5 / 5
    2.8 / 5
    4 / 5
    4.5 / 5
    3.5 / 5
    4.3 / 5
    3.8 / 5
    4.7 / 5
    3.7 / 5

    $0
    0.01 Lots
    1:50
    NFA, CFTC
    Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)
    OANDA Trade, MT4, TradingView, AutoChartist
    Wire Transfer, Visa, Mastercard, Debit Card, ACH Transfer
    USD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD
  4. 4
    IG
    Forex trading involves risk. Losses can exceed deposits.

    Ratings
    4.9 / 5
    4 / 5
    4.5 / 5
    3.5 / 5
    4.8 / 5
    4.5 / 5
    4.9 / 5
    5 / 5
    4.6 / 5
    4 / 5

    $0
    0.01 Lots
    1:30 (Retail), 1:250 (Pro)
    FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
    Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
    PayPal, Wire Transfer, Mastercard, Credit Card, Visa, Debit Card
    USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD
  5. 5
    Interactive Brokers

    Ratings
    4.5 / 5
    3.5 / 5
    4.5 / 5
    4.3 / 5
    3.3 / 5
    3 / 5
    4.4 / 5
    4.3 / 5
    4.3 / 5
    4.5 / 5

    $0
    $100
    1:50
    FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA
    Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
    Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
    Cheque, ACH Transfer, Wire Transfer, Automated Customer Account Transfer Service, TransferWise, Debit Card
    USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF
  6. 6
    Plus500 US
    Welcome Deposit Bonus up to $200
    Trading with leverage involves risk.

    Ratings
    3.5 / 5
    3.7 / 5
    3.5 / 5
    3.3 / 5
    3.3 / 5
    3.5 / 5
    2.8 / 5
    3.5 / 5
    4.1 / 5
    4.3 / 5

    $100
    0.0 Lots
    CFTC, NFA
    Futures on Forex, Commodities, Cryptos, Indices, Interest Rates
    WebTrader, App
    ACH Transfer, Wire Transfer, Debit Card, Mastercard, Visa
    USD

This is why we think these brokers are the best in this category:

  1. FOREX.com - Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
  2. NinjaTrader - NinjaTrader is a US-headquartered and regulated brokerage that specializes in futures trading. There are three pricing plans to suit different needs and budgets, as well as ultra-low margins on popular contracts. The brand's award-winning charting software and trading platform also offers a high-degree of customization and superb technical analysis features.
  3. OANDA US - OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available for short-term traders, alongside flexible contract sizes and automated trade executions.
  4. IG - Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
  5. Interactive Brokers - Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
  6. Plus500 US - Plus500 is a well-established broker that entered the US market in 2021. Authorized by the CFTC and NFA, it provides futures trading on forex, indices, commodities, cryptocurrencies, and interest rates. With a 10-minute sign-up, a manageable $100 minimum deposit, and a straightforward web platform, Plus500 continues to strengthen its offering for traders in the US.

FOREX.com

"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."

Christian Harris, Reviewer

FOREX.com Quick Facts

Bonus OfferActive Trader Program With A 15% Reduction In Costs
Demo AccountYes
InstrumentsForex, Stocks, Futures, Futures Options
RegulatorNFA, CFTC
PlatformsMT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:50
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, CHF, PLN

Pros

  • The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis.
  • FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious day traders.
  • With over 20 years of experience, excellent regulatory oversight, and multiple accolades including runner-up in our 'Best Forex Broker' awards, FOREX.com boasts a global reputation as a trusted brokerage.

Cons

  • Funding options are limited compared to leading alternatives like IC Markets and don’t include many popular e-wallets, notably UnionPay and POLi.
  • Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test day trading strategies effectively.
  • Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.

NinjaTrader

"NinjaTrader continues to meet the demands of active futures traders looking for low fees and premium analysis tools. The platform hosts top-rate charting features including hundreds of indicators and 10+ chart types."

Tobias Robinson, Reviewer

NinjaTrader Quick Facts

Demo AccountYes
InstrumentsForex, Stocks, Options, Commodities, Futures, Crypto
RegulatorNFA, CFTC
PlatformsNinjaTrader Desktop, Web & Mobile, eSignal
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:50
Account CurrenciesUSD

Pros

  • NinjaTrader continues to deliver comprehensive charting software for active day traders with bespoke technical indicators and widgets
  • You can get thousands of add-ons and applications from developers in 150+ countries
  • Traders can get free platform access and trade simulation capabilities in the unlimited demo

Cons

  • Non forex and futures trading requires signing up with partner brokers
  • There is a withdrawal fee on some funding methods
  • The premium platform tools come with an extra charge

OANDA US

"OANDA remains an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score."

Jemma Grist, Reviewer

OANDA US Quick Facts

Demo AccountYes
InstrumentsForex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)
RegulatorNFA, CFTC
PlatformsOANDA Trade, MT4, TradingView, AutoChartist
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:50
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD

Pros

  • Seasoned day traders can access industry-leading tools, including an MT4 premium upgrade and advanced charting provided by MotiveWave
  • The broker offers a transparent pricing structure with no hidden charges
  • The proprietary OANDA web platform continues to deliver a highly competitive charting environment, including 65+ technical indicators powered by TradingView

Cons

  • It's a shame that customer support is not available on weekends
  • There's only a small range of payment methods available, with no e-wallets supported
  • The range of day trading markets is limited to forex and cryptos only

IG

"IG continues to provide a comprehensive package with an intuitive web platform and best-in-class education for beginners, plus advanced charting tools, real-time data, and fast execution speeds for experienced day traders."

Christian Harris, Reviewer

IG Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
RegulatorFCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB
PlatformsWeb, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:30 (Retail), 1:250 (Pro)
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD

Pros

  • IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis
  • The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met
  • The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our Best Trading App award

Cons

  • While there is negative balance protection in the UK and EU, there is no account protection or guaranteed stop losses for US clients
  • IG applies an inactivity fee of $12 per month after 2 years, deterring casual investors
  • Stock and CFD spreads still trail the cheapest brokers like CMC Markets based on tests

Interactive Brokers

"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."

Christian Harris, Reviewer

Interactive Brokers Quick Facts

Demo AccountYes
InstrumentsStocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
RegulatorFCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA
PlatformsTrader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
Minimum Deposit$0
Minimum Trade$100
Leverage1:50
Account CurrenciesUSD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

Pros

  • IBKR continues to deliver unmatched access to global stocks with tens of thousands of equities available from 100+ market centres in 24 countries.
  • With low commissions, tight spreads and a transparent fee structure, IBKR delivers a cost-effective environment for short-term traders.
  • The new IBKR Desktop platform takes the best of TWS while adding bespoke tools like Option Lattice and Screeners with MultiSort to create a genuinely impressive trading experience for day traders at every level.

Cons

  • IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
  • You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.
  • Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.

Plus500 US

"Plus500 US stands out as an excellent choice for beginners, offering a very user-friendly platform, low day trading margins, and access to the Futures Academy to enhance trading skills."

Michael MacKenzie, Reviewer

Plus500 US Quick Facts

Bonus OfferWelcome Deposit Bonus up to $200
Demo AccountYes
InstrumentsFutures on Forex, Commodities, Cryptos, Indices, Interest Rates
RegulatorCFTC, NFA
PlatformsWebTrader, App
Minimum Deposit$100
Minimum Trade0.0 Lots
Account CurrenciesUSD

Pros

  • Plus500 is a publicly traded company with a good reputation, over 24 million traders, and a sponsor of the Chicago Bulls, instilling a sense of trust
  • The trading app provides a terrific user experience with a modern design, a clean layout and mobile-optimized charts
  • Plus500 US excels for its low fees with very competitive day trading margins and no inactivity fees, live data fees, routing fees, or platform fees

Cons

  • Plus500 US does not offer social trading capabilities, a feature available at alternatives like eToro US which could strengthen its offering for aspiring traders
  • Although support response times were fast during tests, there is no telephone assistance
  • The proprietary platform is user-friendly but lacks advanced technical analysis tools found in third-party solutions like MetaTrader 4

What is the CFTC?

Firstly, what’s the meaning of the CFTC acronym? It simply stands for the Commodity Futures Trading Commission. It was born from the Commodity Futures Trading Commission Act of 1974.

Its jurisdiction extends to numerous functions, from investigations into market manipulation cases to broker licenses and reporting requirements.

Purpose

The objective of the CFTC is to facilitate transparent, competitive and effective financial markets. They also seek to protect US persons and consumers. That means introducing variation margin rules, trade reporting guidelines and other regulations to prevent abusive practices related to derivatives and other products subject to the Commodity Exchange Act (CEA).

In fulfilling their mission to promote safe markets, the regulatory agency also trawls through historical data and searches for potential risks. That means new technologies, such as blockchain and products, such as binary options, may all trigger CFTC investigations.

History

Trading futures contracts for agricultural commodities has been around since the late 19th century. Approved futures have been regulated since the 1920s. It was the Grain Futures Act of 1922 that built the basic authority. However, that changed with the Commodity Exchange Act of 1936 (7 U.S.C. 1 et seq.). The agency can enforce regulations that feature in title 17 of the Code of Federal Regulations.

Note you can head to the US GPO Access website for CFTC regulations found at Title 17 Chapter I of the Code of Federal Regulations (CFR).

Since the 1970s, futures trading has expanded well beyond traditional commodities, such as oil, gold, natural gas, and corn. Now there is futures trading in forex, foreign government securities and stock indices. Not to mention, in more recent years, there has been a surge in the international trade of digital currency.

To meet growing demands, new orders and regulations had to be brought in. Therefore, in 1974, Congress commissioned the CFTC, granting the agency a mandate to regulate. The Commodity Futures Trading Commission Act of 1974 actually meant the CFTC replaced the U.S. Department of Agriculture’s Commodity Exchange Authority.

The number of employees has also grown over the years. While headquarters remain at their Washington DC address, regional offices have sprung up in locations all over the United States, including:

December 2000 was an important month in the agency’s history. Congress passed the Commodity Futures Modernization Act of 2000. As a result, the SEC and CFTC were to build a joint regulatory framework to oversee single-stock futures.

Swaps Regulations

By 2003, the value of swaps had grown exponentially. Then following the 2007-2008 financial crisis, the multi-trillion dollar swaps entity question had to be addressed. To do that, an array of swap dealer rules, definitions and weekly reports were brought in.

It was actually 2010 that the Dodd-Frank Act increased the agency’s mandate to include jurisdiction over swaps. The aim of this move was to prevent manipulative schemes while not having to prove the intent of the accused to move prices and demonstrate artificial prices.

The director of enforcement, among others, are still working hard to monitor the list of registered swap dealers and bring transparency to the swaps market, including substituted compliance.

Currently, the CEA requires counterparties to execute specific swaps on a registered swap execution facility (SEF). Alternatively, you transactions must take place on a designated contract market (DCM) or a SEF exempt from registration.

Recent History

In recent years, the CFTC has also done more in terms of forex regulations. Regulated forex brokers now have bigger hurdles to clear. And despite registration guidance, filings for breaching forex regulations are high. However, numerous broker checks help to keep firms and exchanges in check. The benefit of which is an increase in consumer protection and transparent markets.

The CFTC chairman Christopher Giancarlo expressed a focus on similar areas in his 2018 priorities, including swaps, algorithmic trading and position reporting. This stems from the Project KISS (keep it simple stupid).

Structure

Head to the official website and you will see the CFTC structure is relatively straightforward. The agency has five committees with commissioners heading up each one. Nominees are put forward by the President and then approved by the Senate.

The committees concentrate on:

  1. Technology
  2. Agriculture
  3. Global markets
  4. Energy & environmental markets
  5. Coordination between the CFTC and SEC

Each committee is made up of individuals from respective industries, including traders, futures and commodities exchanges, as well as consumers.

There are also several important divisions, including those of

Within those divisions are several key offices, including those of the:

Funding

The CFTC is the only one of the four primary regulators to not be self-funding. So when you take the CFTC vs the SEC, the latter functions from user fees and fines levied on the industry. Yet despite a request for a transaction fee from the CFTC, Congress is yet to take action.

This meant during the government shutdown in October 2013, “futures and most swaps markets were left with essentially no cop on the beat”.

The CFTC budget usually changes each fiscal year. It was $98 million US dollars in 2007, which then increased by 80% to $205 million the following year. 2012 then saw a cut to $180.4 million. Unsurprisingly, budget requests are often rejected leading to frustration. In fact, the leadership has previously described budgets as “woefully insufficient”.

While hundreds of millions of dollars may sound like a lot, that has to pay for upwards of 400 full-time employees, training, events, attorneys, hearings and more. Note the UK’s FCA had a 2016/17 budget of around $750 million. Although it is worth bearing in mind the FCA is the single largest regulatory agency in the UK, while the CFTC is one of several big regulators.

Powers & Responsibilities

The CFTC is responsible for promoting market functionality and consumer protection. Fortunately, the head and director of enforcement, the office of the Inspector General and the joint audit committee, among others, all have considerable legislative powers.

However, the CFTC does not directly regulate individual firms, apart from newly registered swap dealers and participants. Instead, their oversight allows markets to work at price discovery and offsetting price risk.

Although the CFTC has limited jurisdiction in foreign countries, the agency works with outside bodies, such as the UK’s FCA. This helps them to draw up their Red List. A list which details unregistered foreign entities that appear to warrant regulation.

They also have a long list of other powers and regulations, including:

In addition, the agency enforces a long list of rules, including those on

On top of that, the CFTC can hand out warnings and no action letters, plus fines, suspensions and permanent bans. All of their powers they aim to use as system safeguards to keep US persons and markets secure.

The CFTC also oversees the National Futures Association (NFA). Registration is straightforward and you can conduct a free entity search to check the background of derivatives industry professionals.

The agency can also grant a non-financial entity exemption. However, exemption filing requires meeting rigorous requirements. Details of which can be found on the official website.

Criticisms & Challenges

The CFTC continues to face criticism and challenges. For example, the regulator’s auditor KPMG withdrew almost an entire decade of financial opinions following material errors in the agency’s books and records.

Cryptocurrency

One of the greatest challenges the CFTC faces is regulation of the cryptocurrency ‘commodity’. Should digital currencies be classed as commodities falling under CTFC jurisdiction or are they securities for the SEC to regulate?

The agency has held numerous talks, meetings and hearings on cryptocurrency in early 2018. However, this is an issue that actually stretches back many years. In fact, the government and CFTC have been debating jurisdiction over the Bitcoin commodity since March of 2014.

Following hearings on Bitcoin and futures reports, the agency sought regulations to treat Bitcoin transactions as swaps, futures or spot transactions. If not, Bitcoin would probably be a commodity under the CEA. But the CFTC now approves Bitcoin futures as commodities, following court rulings in 2015 and early 2018.

The opinion of Mark Wetjen, following a Bitcoin meeting among CFTC’s Global Markets Advisory Committee, was that “[Bitcoin] could play a fascinating role in the derivatives markets as well as financial services”.

Action

But despite Giancarlo being vocal on cryptocurrency and a whole string of press releases, live video streams and announcements, what has the CTFC actually done to tackle the question of digital currencies?

A CFTC primer on virtual currencies was released in 2017. The report, which expressed concerns over Bitcoin enforcement and future regulations, led to an 8% drop of Bitcoin in just one day.

Approval has also been given for the creation of two subcommittees of the Technology Advisory Committee. One will be concerned with virtual currency as a commodity, including enforcement and the actual delivery of the likes of Bitcoin. The other committee will address the more general application of distributed ledgers and fintech in the financial space.

Both Tether and Bitfinex received subpoenas from the CFTC in early 2018, demonstrating their intention to regulate.

Finally, it’s worth noting the CFTC is not the only regulator with crypto concerns. The SEC sees cryptocurrency as securities. As a result, a virtual currency task force, known as the ‘Cyber Unit’ sprung to life in 2017 to tackle fraudulent ICOs.

Note automated trading and cybersecurity are two other main issues on the CFTC agenda.

Recent Performance

The agency has been busy in recent years. In November of 2014, the CFTC and the UK’s FCA took action against six banks for manipulating forex markets:

Between them, the banks gave $1.2 billion USD to the FCA and $1.5 billion USD to the CFTC.

In between a flurry of enforcement actions in 2016, they expanded the mandatory clearing requirements for interest rate swaps.

2017 saw the CFTC vs Monex, the FX group, following the defrauding of thousands of retail customers out of hundreds of millions of dollars. In fact, by the end of 2017, the agency had taken 49 enforcement actions and given out $413 million in fines and penalties.

At the beginning of 2018, the agency filed eight anti-spoofing enforcement actions against Deutsche Bank, HSBC and UBS, leading to tens of millions of dollars worth of fines.

In the same year, the CFTC was in the news as Trumps’s White House sought to levy fees on derivatives users to enhance the agency’s 2019 budget. However, industry opposition looks to eliminate any initial open interest to the plan.

Advantage Futures LLC also faced a $1.5 million fine in early 2018. However, annual reports show a host of hedge funds and other companies incur substantial sanctions each year.

CFTC Contact

It is straightforward to get in contact with the CFTC. In fact, head to their official website for the relevant phone number. You can then have questions answered around holiday schedules, insider trading rules and other regulations.

Alternatively, the website portal itself publishes information. For example, you can find weekly futures reports and data, plus a glossary of important terms.

The agency is also moving with the times, as you can download podcasts, including key speeches. This can be a great way to find out about everything from Japanese Yen net positions to interpretive cross-border guidance.

You can also use their SmartCheck tool to protect yourself from fraudulent websites.

Note it is if the Office of the Chief Economist that produces white-papers encompassing a wide range of CFTC topics.

Final Thoughts on the CFTC

The CFTC is a reputable agency, delivering on its mandate to regulate the futures and options markets. In recent years the body is positioning itself as the predominant regulator of virtual currencies. However, their jurisdiction, particularly with regard to spot markets, remains limited. Having said that, licensed members will have to adhere to CFTC’s core principles and rigorous regulations.

So before you sign up to a new broker and login into your new trading account, conduct a member registration search first. Simply head over to their official website and plug in the requested details.