All FCM's (Futures Commissions Merchants) need to be registered with NFA (National Futures Association) and CFTC (Commodities Futures Trading Commission). By being registered with the CFTC and NFA the FCM's have the authority to hold clients funds and in so doing clients have the ability to go to either the NFA or CFTC in case of any irregularities from the FCM. (FCM's do not necessarily need to be registered with the NFA or CFTC, therefore each trader should ask the FCM if they are registered)
Independent Brokers or IB's offer necessary support and assistance as mediators between FCM's and traders when certain trade situations or challenges occur. IB's are a great source of information on how FCM's are operated, benefits and advantages of different FCM's, strength and weaknesses of FCM platforms and which may best suit you as a novice, intermediate or experienced trader. Each trader comes to the market with various amounts of capitol and may not understand the advantages and/or disadvantages of trading with so much leverage in such a volatile market.
As IB's we can give you the necessary information to help support you throughout your decision making process of which FCM to use and why. By selecting Forexbroker.info you have a significant advantage over choosing other IB's due to the fact that we have all FX related services you will need from; interactive live chat support, charting software, alerts, automated trade robots and our Trading for Profit Teams (TPT'S). For more information click here. (BLUE).
Whether you are a novice, intermediate or advanced trader Forexbroker.info offers you the products and services you need to help you achieve your Forex goals. If you feel your FCM or current IB are not supporting you as they should, let us help you find the right match according to your trading style.
IB's refer clients to FCM's, and each FCM requires each trader per lot to pay a certain amount of pips (see Advantages and Benefits of FCM's) per trade, this is called the Spread. Whether you have the support of an IB or go direct to an FCM (without the same level of support) you will still pay the same amount of pips per trade.
By using Forexbroker.info a win-win situation occurs for both the trading client and the IB. The same amount of capitol per trade is used, however, the trader is awarded with extra information and support through the Trading for Profit Teams.