U.S. forex regulatory agencies include the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). They oversee forex brokers and dealers operating in the United States, enforcing rules on leverage limits, reporting, and trader protections.
Example
“The CFTC and NFA limit retail forex leverage to 50:1 for major pairs and 20:1 for minors in the U.S., which is why some American traders look to offshore brokers for higher leverage — though with less regulatory protection.”