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

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?

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This entry was written by Sam Beatson and posted on November 22, 2008 at 10:47 am and filed under Investing. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Post a comment or leave a trackback: Trackback URL.

One Comment

  1. Harold Hsu
    Posted November 25, 2008 at 9:45 pm | Permalink

    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.

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