Any entity who serves as a counterparty to a retail forex transaction, as well as those who solicit orders, exercise discretionary trading authority, and operate pools with respect to forex transactions. This new class of retail foreign exchange dealers (RFEDs) includes the new registration categories of futures commission merchants (FCMs), introducing brokers (IBs), commodity trading advisors (CTAs), and commodity pool operators (CPOs). Additionally, any entity who is associated with a forex firm who will be dealing with retail forex customers will have to register as an associated person (AP). If you are unsure whether you need to register, please contact us and we will help you determine your registration requirements based upon your individual situation.
