NFA suspends California FX firm

FX First, which managed off-exchange FX market accounts, was suspended for its failure to maintain a minimum net capital amount of $250,000 in accordance with NFA Compliance Rules, said an NFA spokesperson. The firm is now prohibited from ‘acting in any manner which requires registration under the Commodity Exchange Act and from disbursing any funds without approval from NFA’.

All trading has ceased in FX First’s customer accounts and the firm is liquidating its accounts. The firm has also

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: