However, the Ticket Charge, Minimum and Maximum fields are all still able to be configured which we will discuss later in this video. The information on this website is not directed to any country where Forex and/or Derivatives trading is restricted or prohibited by local laws or regulations. Please follow the link below and register with us in less than one minute. After registration, a dedicated relationship manager will contact you and guide you through the onboarding process. All sizes of IB are welcome from those with only a few clients to those with many. Your relationship manager is available to support you at all times.

We understand your unique needs and give you support that best fits your business. Do you have access to a network of existing or potential traders? Become an introducing broker, an independent agent that will be referring new clients to us, convert your influence into an on-going income and earn up to $10 per traded lot. As mentioned earlier, brokers can set multiple tiers for Absolute Amount based on volume breaks on a per trade basis using the other Fee and Volume columns. For example, a broker would like to charge the client a total of $0.05 per share for up to 500 shares, $0.03 per share for the next 1,000 shares up to 1,500 shares, and $0.02 per share above 1,500 shares.

Increase your revenue potential

Building a reputation requires trust and accountability on both sides is key. If you land a client early on who makes high-value trades only occasionally, that is good. If you have a client who https://xcritical.com/ is a rookie trader and wants to keep making trades every few days with moderate amounts, that is also good. The key is to keep earning commissions, and you will earn commissions by trades.

In contrast, a clearing broker or executing broker executes the trade themselves. IBs should test out the broker they are looking to work with by opening a forex introducing broker live account themselves and actively using it. Another benefit IBs enjoy is that they are not limited to how much they can earn, and during what timeframe.

Introducing Brokers & Forex Partnerships

The Fee Per Trade Unit method allows brokers to charge their clients a fee per share, per contract or a percentage of trade value. FCMs supplytrading platformson which clients have the ability to place trades online and are responsible for account management. However, the majority of FCMs would find it financially impossible to open offices around the country to serve their customers. This is where IBs excel since they typically operate out of smaller offices located all over the country. The IB is usually affiliated with the FCM, either as an independent entity that is partnered with that merchant firm or as a direct subsidiary of that FCM.

• Get the most out of this opportunity to partner with a powerful broker and benefit from top commissions.
• % Markup is entered as a percentage without the decimal point.
• Now that you have five steps for success as an introducing broker, there are a few parting points to keep in mind.
• Put simply, if a potential client Googles your name, they need to see a list of positive and powerful returns that immediately portray you as a credible financial commentator.
• In fact, we still have partners working with us that joined us back then.

Many eager candidates want to make the most out of their money, but they need a helping hand to understand trading platforms and how brokerages work. Reaching out to them will enhance their financial opportunities and create strong returns for you, your clients and your brokerage partner. If you want to earn high commissions as a successful introducing broker, you need to develop an online presence.

Foreign Introducing Brokers

They are set by Brokers either to reduce IB commissions or to push IBs to attract more clients. At times, if such requirements are not met, IB commissions won’t be available for withdrawal. Without a doubt, this is not appealing to introducing brokers, fortunately there are fine brokers with the least or no limitation at all in order to grab all the benefits.

Complete the form below to request to become an introducing broker. With access to reports and statistics to analyse the effectiveness of your marketing activities. Get secure access to your own IB portal page with analytics such as progress, commissions and profit updates. Available upon request, state-of-the-art marketing materials. VIP is calculated the same way, just instead of Trade commission 5 USD, VIP account are charged 4 USD per round lot for Forex instruments, so IB commission will be 50% from 4 USD which is 2 USD. A wide product range of 300+ Instruments from 6 different asset classes for the rich diversification of your investment portfolio.

Trading Tools

Introducing Brokers, or IBs in short, are independent broker-dealers acting as agents whose task is to introduce new traders to a brokerage firm such as Alpha Trading. No limits on the number of referred accounts or trading volumes. Professionalism, a 10 year track record and a respected brand may be some of the reasons our partners choose GO Markets to build their Introducing Broker business. For example, a broker enters 10 into the Minimum column and charges an Absolute Amount markup of $0.03 per share.

It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary. Rather than rest on your laurels, ask your most satisfied customers to refer their friends and families to you. The more clients you bring in, the more the brokerage will value your role as an IB, which will build on your mutual profitable partnership. Give them advice every step of the way and introduce them to the trading platforms with demos. This is the rewarding task of winning them over and making them long-term clients. You have signed the agreement with the brokerage, and it is time to look for clients.

Alpha Trading Referral Programme

It may be worth trying to negotiate fixed spreads or cashback deals for high volume clients. The bottom line is that if you’re making money for a program as an introducing broker, you can be assertive and request better resources. An introducing broker is an individual or an investment company that introduces a client to Forex trading, futures, or options trading. IBs or introducing agents do not receive assets or money from the clients.

What are Introducing Brokers?

Join the hundreds of thousands of happy and empowered traders in our community thanks to GMI’s unparalleled trading solutions. The personal opinion of each partner is always important for the company. Fill in the requested fields with your personal information and trading expertise in each step. Watch as your account is credited in real-time on a trade by trade basis. Refer traders to Tickmill with your unique tracking number. Every FX and Metals trade generated by your referral will earn you commission.