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Introducing Broker

The Comprehensive Guide About Forex Introducing Broker (IB)

IB (Introducing Broker) is a major part of Forex Industry, which works as bringing new clients to a foreign exchange brokerage. The Introducing agent gets a fee for bringing customers to a brokerage. When talking about Forex, the fee an Introducing agent gets is a share of the commission or spread charged by a brokerage. For instance, if a client is charged around a total of ten dollars commission for a given foreign exchange trade, an IB can get fifty percent of the sum or anything on the line.

A large percent of brokerage companies like to operate Introducing Broker programs because it can lower the costs required to get new clients. The marketing efforts will be assigned to people and companies that are working on a commission basis. Some nations require that Introducing Brokers should be authorized entities by law. For example, in the United States of America, IBs are expected to register with the NFA to do business with US citizens. Introducing brokers in Europe are not bound by any law or requirement to be regulated, but may pass through a thorough vetting procedure.

Advantages Of Becoming A Foreign Exchange IB

The real advantage of becoming an Introducing Broker for a brokerage is that you have the opportunity of making money without any risk in the foreign exchange market or opening positions. Becoming an IB comes with attractive and lucrative benefits that can get anyone interested in the job. Below are some other amazing advantages that you get for becoming an Introducing Broker:

1. The operating costs for any IB program remain low. Using your referral activities from a brokerage program can help an IB to start making money without investing in any fund.

2. It is not required for an IB to trade before making money with a brokerage program. The most important thing that can help an IB make money is to expand and find their client’s network. The commission of an Introducing Broker is equal to their trading customer’s combined volume.

3. Building on a residual income without demanding much effort is another amazing benefit of becoming an IB. An IB can cash out their income on a monthly or weekly basis, depending on the relationship they have with a brokerage platform.

4. It is a ready-made internet business. IBs can start making money on their network of customers instead of profiting from trading.

5. Support, operations, and backend are done by the foreign exchange broker. IBs will not have to worry about anything provided the customer has registered with their preferred foreign exchange broker.

6. The job of an Introducing Broker is completely concentrated on promotion, advertising, and marketing.

Join As A IB

How The Foreign Exchange Introducing Broker Program Works?

The first step in an IB program is that you will have to bring customers to your preferred foreign exchange broker. Introducing Brokers will be rewarded with a share or commission of the fees that the preferred Forex broker collects when their customers start trading. The income of an IB will be higher provided they can bring more clients to their preferred broker. Another crucial thing to know is that an IB gets better income when clients trade more.

In a nutshell, the income of an Introducing Broker remains a volume-oriented kind of earnings. It is important to know that no conflicts of interest occur with this kind of business partnership. It is because IBs only make money when their preferred brokers earn as well. Introducing Brokers will also get several innovative tools that can help them monitor commissions earned and customers.

Features Of An Introducing Broker Program:

  • Tracking every signup, impression, and click
  • Regulated, licensed, and authorized brokers
  • A simple and easy customer onboarding process
  • Promotional tools that can be found in a plethora of languages
  • A lucrative rebate program
  • Upgraded web reporting and cookie tracking systems
  • Real commissions payable to a trading account
  • Availability of a mobile trading platform
  • Presence of cTrader, MT4&5, and other reliable measures
  • Private Introducing Broker account managers
  • Difference Between A Foreign Exchange Affiliate And An Introducing Broker

When it comes to the difference between a foreign exchange affiliate and an Introducing Broker, many people often get confused. A significant amount of details regarding referrals are given to Introducing Brokers. Introducing Brokers are required to build a solid relationship with their prospective customers.

In the case of an affiliate, little or no information will be provided about people that registered using their referral links. The brokerage is responsible for building a relationship with customers in a Forex affiliate program. Becoming an affiliate is much easier to a brokerage because less work will be needed to check the status of the person promoting the business.

A successful IB needs to possess qualities such as commitment, persistence, and hard work. Becoming an IB will help you make money other than gains created from foreign exchange trading activities. If you want to get into a growing trend of alternative ways of making money and opportunities, the electrifying field of an Introducing Broker can help.

Europe OfficeFOREX BIRDS LTD
Suite B2, 207 Regent Street, London, England, W1B 4ND

Having trouble? Find the answer to your query here. Don’t hesitate to contact us!

+44 745 232 030
support@forexbirds.com
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Global OfficeHEADQUARTERS
Suite 305, Griffith Corporate Centre,
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Kingstown
Saint Vincent and the Grenadines
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Europe OfficeFOREX BIRDS LTD
Suite B2, 207 Regent Street, London, England, W1B 4ND

Having trouble? Find the answer to your query here. Don’t hesitate to contact us!

+44 745 232 030
support@forexbirds.com
Where to find usOUR LOCATIONS
http://forexbirds.com/wp-content/uploads/2019/10/unnamed-2.jpg
Global OfficeHEADQUARTERS
Suite 305, Griffith Corporate Centre,
P.O. Box 1510, Beachmont
Kingstown
Saint Vincent and the Grenadines
Global: +1 786 787 2648
Forexbirds Social linksFOLLOW US ON SOCIAL MEDIA
Taking seamless key performance indicators offline to maximise the long tail.

Forex Birds LTD is a registered company from UK company house registration number 11811390, Having registered office at Suite B2, 207 Regent Street, London, England, W1B 4ND.

License : Forex Birds LTD is a fully licensed and Regulated broker governed and supervised by the Saint Vincent Finance Service Authority (FSA) License No 25106 IBC 2018.

Risk Warning : Before deciding to participate in the FOREX, OTC & MM market, you should carefully consider your investment objectives, level of experience and risk appetite.

Copyright by Forex Birds Ltd. All rights reserved.

Copyright by Forex Birds Ltd. All rights reserved.