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
