"THE BANK IS A LEGAL FACILITY TO EXCHANGE YOUR CURRENCY" BY GOLDILOCKS, 23 APRIL

 GOLDILOCKS

"Therefore, trading of foreign currency futures contracts, or options thereon, is lawful if it occurs on designated contract markets or derivatives transaction execution facilities."

* Designated Contract Markets (DCM)

* Derivatives Transaction Execution Facilities

Please ask if the facility you are trading at is one of the two above approved designated exchange facility. 

It will not be a legal facility to exchange your currency in unless it is. By the way, a bank is a designated facility that encompasses both of the above criteria and requirements. 

© Goldilocks

https://www.cftc.gov/LearnAndProtect/FraudAwarenessPrevention/ForeignCurrencyTrading/forex_adv06-01#:~:text=Therefore%2C%20trading%20of%20foreign%20currency,or%20derivatives%20transaction%20execution%20facilities