Dear Partner
An introducing broker (IB) is an individual or organization that solicits or accepts orders to buy or sell futures contracts, commodity options, retail off-exchange forex contracts, or swaps but does not accept money or other assets from customers to support these orders. An introducing broker, or IB, is a company or individual that introduces its clients to a forex or
CFD broker.
They provide their clients with trading education and support, as well as access to the financial markets. Bringing in new clients to trade with a broker may sound similar to affiliates but IBs provide further services and consultation to build a long-term relationship and ensure the client’s needs are met.
What is an introducing broker?
Introducing brokers – also called IBs for short – are individuals or companies who act as an agent between the broker and the client. The introducing broker traditionally refers new traders to their preferred broker and will earn commissions from this activity. The commission is paid by the broker from the commission/spread they earn from each trade.
What does an introducing broker do?
IBs typically offer a specific service and tend to maintain a long-term relationship with their clients. The type of service they provide varies, but it can be anything from providing educational courses to 1-to-1 live training and cashback sites. It is in the best interest of the IB that the client is profitable and continues trading as long as possible. Revenue Share model is transaction-based commision model. Affiliates (IBS) make profit by each trade that clients make (regardless of gain or loss). It’s the most prefered model because it’s for lifetime! There is continuous profit as the traders in your network keep trading How can I see my statistics? The data (Clients, lot, registration date, commissions, balance) shared by some is quite transparent, but this is not the case for all brokers. Generally, you will see how many clients clicked your link, how many of them funded and the commission you earned.
When can I withdraw my IB commissions?
In general, payments are made on a monthly basis and the withdrawal limit is around $100.
- $10 per LOT
- Over 250 trading instruments
- Fast Withdrawals
- Monthly payments
- Work with a personal manager
