Alpari (US), LLC is dually registered with the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant and Retail Foreign Exchange Dealer and is a member of the National Futures Association (NFA) - Member ID: 0379678.
The Commodities Exchange Act (the Act), enacted in 1936, set forth a regulatory framework governing the futures trading of commodities, like energy and agricultural products, and government securities on organized exchanges, and futures and spot trading of foreign currencies. In 1974, substantial amendments were made to the Act. This resulted in the transfer of regulatory authority to a newly created, five-member commission – the Commodity Futures Trading Commission (CFTC). The Act also authorized the creation of "registered futures associations," giving the industry the opportunity to create a nationwide self-regulatory organization. This resulted in the establishment of the National Futures Association (NFA) in 1982.
The NFA is the industry wide, self-regulatory organization for the U.S. futures industry. The NFA has developed rules, programs and services that safeguard the integrity of the market and protect traders and investors, while helping FCMs meet comprehensive regulatory requirements.
The CFTC provides government oversight for the entire industry. Each U.S. futures exchange operates as a self-regulatory organization, governing its floor brokers, traders and member firms. The NFA regulates every firm or individual who conducts futures trading business with public customers. Although the various regulatory organizations in the futures industry have their own specific areas of authority, together they form a regulatory partnership that oversees all industry participants.
As an FCM and RFED, Alpari (US) is required to adhere to stringent regulatory requirements which govern corporate practices and relationships with business affiliates, clients and members of the public.
Under the NFA's rules, an FCM and RFED must:
The NFA provides investors with:
PURSUANT TO CFTC REGULATION 5.5, ALPARI (US), LLC (“ALPARI”) IS ALSO HEREBY PROVIDING YOU WITH INFORMATION PERTAINING TO THE PERCENTAGE OF PROFITABLE AND UNPROFITABLE ACCOUNTS HELD AT ALPARI FOR THE PAST FOUR QUARTERS, AS WELL AS THE TOTAL NUMBER OF ACTIVE NON-DISCRETIONARY RETAIL FOREX CUSTOMER ACCOUNTS MAINTAINED BY ALPARI DURING EACH PERIOD. THE PERCENTAGE OF PROFITABLE AND UNPROFITABLE ACCOUNTS FOR THE PAST FOUR QUARTERS IS AS FOLLOWS:
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