Breaking: NFA Mandates Forex Brokers to Disclose Costs per Trade to Clients

[kreslik.news]

The US National Futures Association (NFA) has issued a new disclosure requirement on brokers. Forex dealers in the US must provide a detailed breakdown of transaction costs to their clients whenever a customer demands the information.

The NFA outlines that brokers will need to be able to provide a detailed breakdown of per-trade costs. Forex brokers need to disclose any commissions and any other fees related to every trade.


For brokers that are executing their order flow via Straight Through Processing (STP), firms have to provide a breakdown on any mark-ups or mark-downs they imposed on the price ... (read more)