Depending on the financial institution and the type of financial product which is being traded the commission rate can vary. Eightcap offers an enticing introducing broker program that benefits individuals or businesses interested in referring clients to their platform. This element is also what separates these companies as brokers, rather than marketing affiliates.

Of the many available options, the two most relevant for novice brokers are either becoming an independent brand or opting to be an IB. It goes without saying that both options have positive elements and challenging elements, so here are our thoughts on the topic and a few humble recommendations. An application fee for principals and APs is not required if the individual is currently registered with the CFTC in any capacity or is listed as a principal of a current CFTC registrant. Only one application fee is required if the individual is filing an application as both an AP and principal. You can switch between the IBKR Lite and IBKR Pro plan at any time.

Make sure you know what they need and expect from their introducing broker and be ready to provide it. Axi’s introducing broker program is designed to provide partners with a seamless and rewarding experience. Vantage Markets offers an attractive introducing broker program that combines competitive compensation plans and comprehensive support.

The commission is paid by the broker from the commission/spread they earn from each trade. Introducing brokers play the same role in the futures markets as stock brokers do in the equities markets. Stock brokers are registered with the Securities and Exchange Commission (SEC) and are regulated by the Financial Industry Regulatory Authority (FINRA). Futures introducing brokers are registered with the Commodity Futures Trading Commission (CFTC) and regulated by the National Futures Association (NFA). is the brand name of Kanak Capital Markets LLC, with its registered address at Euro House, Richmond Hill Road, P.O. Box 2897, Kingstown, St. Vincent and the Grenadines and. The clearing firm, not the introducing broker, receives payments and securities from the clients and handles record-keeping.

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Every broker will ask new IBs for some documents to prove their identity. When applying to become an IB as a company, you might need to provide the appropriate documentation for that, such as a certificate of incorporation and a bank statement in the company’s name. Another benefit IBs enjoy is that they are not limited to how much they can earn, and during what timeframe.

How they reach out to new clients and recruit them is up to the IB, who receive a special ID link that allows both him and the primary broker to track recruited clients. XM Global is a brokerage platform currently accepting traders and introducing brokers from a large number of countries. Finally, OctaFX’s reputation as a global Forex broker, trusted by over 12 million clients worldwide, is an asset to any IB.

Interactive Brokers strives to provide the best deal on bonds by passing through to our clients the highest of all bids and lowest of all offers we receive from the electronic venues we access. Today, it can also be a broker partner or affiliate as well as a signal provider (copy master) in the copy trading ecosystem. When placing your money with a broker, you need to make sure your broker is secure and can endure through good and bad times. Our strong capital position, conservative balance sheet and automated risk controls are designed to protect IBKR and our clients from large trading losses.

At this point, it is very important to check what they can offer (commissions, terms, reward models, customer support, ad materials, promotion channels, and other crucial factors that are of great importance for IBs). After you have decided on a broker partnership program to choose from, you need to close an official deal. Even if you do not need one, having a certificate is still a good idea, as it will increase the level of trust from your potential referrals and clients. New traders want to be 100% sure a person they follow is reputable, acknowledgeable, and able to guide them from the registration step to closing their first successful order. Client Account Templates help (IBs) save time when sending application invites to prospective clients. The Client Account Templates allow the broker to specify the account type, trading permissions and trading objectives that will be automatically applied to the application.

Request Access to NFA’s Online Registration System

As with all such advisory services, past results are never a guarantee of future results. An Introducing Broker (IB) acts as an intermediary between individual traders and a large brokerage firm. An introducing broker (IB) is a financial professional who acts as an intermediary between clients and financial institutions. Their role is to introduce clients to financial products and services offered by the institution, such as stocks, bonds, mutual funds, and forex.

The card transactions are processed by VHTM Services Limited, an entity of the Oryx Group, with registration no. HE , which is located at Archiepiskopou Makariou III, 160, 1st Floor, 3026 Limassol Cyprus. Harindale Ltd provides its services to residents of the European Economic Area (EEA). With these simple steps we mentioned earlier, you can grow your fan base and establish a well-known IB trading name online.

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IBKR GlobalAnalyst is designed for investors who are interested in international portfolio diversification. It helps you find new opportunities to diversify your portfolio and discover undervalued companies that may have greater growth potential. EToro runs an Introducing Broker program and calls them Introducing Agents. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange’s rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX. Please note that monthly activity and other minimum fees may apply.

Once you have defined your buyer persona, it is time to build your online presence and increase users’ awareness. However, if an IB is a US, Australian, or South African resident, the certificate is a must. The good news is that this particular kind of certification is easy to get. IBKR’s Broker Portal enables Introducing Brokers (IBs) to view the status of pending applications and modify or cancel applications if needed. There are no restrictions to successfully becoming an IB, and it does not necessarily require advanced forex trading knowledge. They also have a Loyalty program payouts that are transferred automatically to the partner’s account every month, up to 20%.

In this guide, we will reveal all the major steps to launch and run a broker partnership program. You will learn how to get started and ways to grow the fanbase and referrals. Any information posted by employees of IBKR or an affiliated company is based upon information that is believed to be reliable. However, neither IBKR nor its affiliates warrant its completeness, accuracy or adequacy.