Retail Foreign Exchange Dealer (RFED)
Search Dictionary
Definition of 'Retail Foreign Exchange Dealer (RFED)'
An RFED is an individual or organization which acts, or offers to act, as a counter-party to an off-exchange foreign currency transaction with a person who is not an eligible contract participant and the transaction is either:
All RFEDs must be Members of NFA in order to conduct business with the public. Additionally, an RFED is required to have at least one principal that is also an approved Forex Associated Person.
An RFED is required to file the following:
- A futures contract, an option on a futures contract or an option contract (except options traded on a securities exchange); or
- Offered or entered into, on a leveraged or margined basis, or financed by the offeror, counter-party or person acting in concert with the offeror or counter-party on a similar basis.
All RFEDs must be Members of NFA in order to conduct business with the public. Additionally, an RFED is required to have at least one principal that is also an approved Forex Associated Person.
An RFED is required to file the following:
- A completed online Form 7-R (includes NFA membership sections)
- Compliance requirements for applicants
- A non-refundable application fee of $500
- Retail Foreign Exchange Dealer Membership Dues of $50,000
- A completed online Form 8-R
- Fingerprint Cards
- Proficiency Requirements
- A non refundable Principal Application Fee of $85.00*
- A non refundable Associated Person Application Fee of $85.00*
Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.
Is this definition wrong? Let us know by posting to the forum and we will correct it.
Emini Day Trading /
Daily Notes /
Forecast /
Economic Events /
Search /
Terms and Conditions /
Disclaimer /
Books /
Online Books /
Site Map /
Contact /
Privacy Policy /
Links /
About /
Day Trading Forum /
Investment Calculators /
Pivot Point Calculator /
Market Profile Generator /
Fibonacci Calculator /
Mailing List /
Advertise Here /
Articles /
Financial Terms /
Brokers /
Software /
Holidays /
Stock Split Calendar /
Mortgage Calculator /
Donate
Copyright © 2004-2023, MyPivots. All rights reserved.
Copyright © 2004-2023, MyPivots. All rights reserved.