Compliance

Overview

There is no central market and no global regulatory agency responsible for monitoring the activity of the currency markets. Regulation is left to each country, in the United States the Federal Reserve Bank monitors the banking system and the Commodity Futures Trading Commission (CFTC) has jurisdiction over all Futures and Forex activity. When trading in the foreign exchange markets, individuals should only trade with approved National Futures Association (NFA) members. Forex Systems, LLC, is registered with the CFTC as a Introducing Broker and is an approved member of the NFA. Forex Systems NFA ID # is 0382459. Forex Systems is accountable to the stringent standards of capital adequacy and financial reporting enforced by the NFA. Forex Systems will clear its trades though FX Solutions and all accounts plus monies will be held there.

Download the NFA's Guide to What Investors Need to Know

Anti-Money Laundering Policy

Forex Systems is subject to the International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001 and CFTC regulations based on that legislation. The company's anti-money laundering policies and procedures are designed to meet the requirements of the legislation by minimizing the opportunity for customers to engage in money laundering activities through transactions in the Forex markets. Forex System's procedures are focused on "knowing the customer". We require two forms of identification: 1) Picture identification, i.e. a passport or driver's license, and 2) One form of identification confirming the customer's address, i.e. phone bill or a utility bill.

Privacy Policy

Forex Systems' privacy policy explains the manner in which the company collects, utilizes and maintains nonpublic, personal information about its customers and those parties with whom Forex Systems has a prospective relationship. The privacy policy only applies to nonpublic, personal information of individuals (not entities).