The National Futures Association (NFA), a self-regulatory organization for ‎the US derivatives industry, today said that the nation’s commodity regulator ‎has approved its amendments to disclosure rules of retail forex costs. ‎

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The recent amendments, which will take effect on April 5, 2018, requires ‎forex dealer members to provide additional trade disclosures and firm-specific ‎information that include commissions and any other fees. Last month, NFA ‎submitted the proposed rule amendments to the CFTC for review. ‎

The amended rule would require STP forex brokers, upon client demand, to ‎disclose the full breakdown of any mark-ups or mark-downs they impose on the ‎price they have received to execute the customer’s orders. For non-STP model, the ‎broker must disclose the mid-point spread cost, which the NFA defines as the ‎difference between the price of order execution and the mid-point of the bid/ask ‎spread at the time of the order execution.‎

Additionally, forex dealers in the US must prominently display a notice on ‎its website informing customers of their ability to request this information.‎