The ordinary person Need To Be Registered With The NFA
9 September 2009
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Q: 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 With The NFA? Are IB and Money Managers the same thing?
A: 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.
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