There is no central market and no global regulatory agency responsible for monitoring the activity of the currency markets. Regulation is left to each country, in the United States the Federal Reserve Bank monitors the banking system and the Commodity Futures Trading Commission (CFTC) has jurisdiction over all Futures and Forex activity. When trading in the foreign exchange markets, individuals should only trade with approved National Futures Association (NFA) members. FX Global Services is registered with the CFTC as a Introducing Broker and is an approved member of the NFA.. FX Global Services NFA ID # is 0412897. FX Global Services is accountable to the stringent standards of capital adequacy and financial reporting enforced by the NFA.
Download the NFA's Guide to What Investors Need to Know
Anti-Money Laundering Policy
FX Global Services is subject to the International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001 and CFTC regulations based on that legislation. The company's anti-money laundering policies and procedures are designed to meet the requirements of the legislation by minimizing the opportunity for customers to engage in money laundering activities through transactions in the Forex markets. FX Global Services procedures are focused on "knowing the customer".
FX Global Services does not handle customer funds. All customer funds must be sent to applicable FCM.