To trade in the Forex Market professionally do you need to be registered with the NFA?

Posted by admin
Forex
Marcus asked:


I have different sources tell me yes and no. I know a lot of new bylaws have been passed to govern the Forex market and the people who trade in it. But for the ordinary person that trades for forex for friends and family do you need to be registered? Are IB and Money Managers the same thing?

York
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This entry was posted on Saturday, October 17th, 2009 at 3:45 am and is filed under Forex. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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One Response to “To trade in the Forex Market professionally do you need to be registered with the NFA?”

  1. Harold Hsu Says:
    October 20th, 2009 at 12:30 pm

    Hi,

    Different countries have different laws.

    Generally speaking, if you’re just trading for your friends and relatives, you probably don’t need to be registered.

    However, if you’re looking to trade professionally (on behalf with clients), then it’s a more complicated matter.

    Hope this helps.