Retail forex account

Retail forex account means the account of a retail forex customer, established with a banking institution, in which retail forex transactions with the banking institution as counterparty are undertaken, or the account of a retail forex customer that is established in order to enter into such transactions.

Source

12 CFR § 240.2

Scoping language

For purposes of this part, the following terms have the same meaning as in the Commodity Exchange Act (7 U.S.C. 1 et seq.): affiliated person of a futures commission merchant; associated person; contract of sale; commodity; futures commission merchant; future delivery; option; security; and security futures product.