Forex & Swap Activity (FDM/RFED) FAQs

Every firm that is registered as an FCM, RFED, IB, CPO or CTA and engages in forex activities must be approved by NFA as a forex firm.  NFA Members are prohibited from engaging in retail forex transactions with these firms unless the firm is designated as a forex firm.

In addition, forex firms must have at least one principal who is registered as an associated person (AP) and is approved as a forex AP.