Cryptocurrency Q&A
Is trading forex illegal in USA?
Is trading forex illegal in USA?
CryptoPioneer
Fri Sep 13 2024
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7 answers
1698
Good day, I'm curious about the legality of trading forex in the United States. Could you please clarify whether engaging in foreign exchange trading is considered illegal within the country's jurisdiction? I've heard mixed opinions and would appreciate a definitive answer to this question. Thank you for your time and expertise.
7 answers
Andrea
Sun Sep 15 2024
The legality of Forex brokers and trading in the United States is a topic of interest for many individuals and investors.
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HanbokElegance
Sun Sep 15 2024
It is important to note that Forex brokers are indeed legal in the U.S., but they are subject to strict regulations.
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Dario
Sun Sep 15 2024
In order to operate legally in the country, Forex brokers must be registered with and regulated by the Commodity Futures Trading Commission (CFTC).
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Alessandro
Sun Sep 15 2024
The CFTC is an independent agency of the U.S. government that oversees the futures and options markets, including Forex trading.
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Nicola
Sat Sep 14 2024
Additionally, Forex brokers must also be members of the National Futures Association (NFA), which is a self-regulatory organization for the derivatives industry.
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