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Thread: What do introducing brokers do?

      
  1. #1
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    Post What do introducing brokers do?

    How many of us have aspired to become Forex traders only to discover our early trades don’t work out the way we wanted? Does this mean we have give up our dreams of making big bucks from the Forex? Not at all, you can still have your slice of the Forex pie if you’ve got what it takes to be an introducing broker. But what are introducing brokers?

  2. #2
    My Pips Are Growing DavidLoPanPips's Avatar
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    Default Re: What do introducing brokers do?

    IBs take a cut of every trade you make from a broker
    LoPan forex trading pips with dark magic!

  3. #3
    I am Part Pips tab's Avatar
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    Default Re: What do introducing brokers do?

    IB's can be a company though too, entire brokers that seem like brokers are just IB's for bigger companies or banks.

  4. #4
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    Default Re: What do introducing brokers do?

    Hi all!

    I must agree with the replies made about introducing brokers. Especially the comment about the IB being a front for larger companies this is known as a white label.

    IB's do take a cut from the trades that you make, but this doesn't have to harm you the trader. It can have a negative effect if the IB has introduced a 'mark-up' into the spread when you are introduced.

    Companies like us (4xsuperstore) do not mark up the spread and you still receive a cash back on your trades.

    The forex broker market is very competitive and they realise that they need IB's to do the research, marketing and sales of their companies.

    How we work is simple we split the rebate that we receive from the brokers when trades are made and reward clients with a majority share.

    The trader is not making money, but more saving money. You are actually getting back part of the cost of making the trade (the spread).

    Come visit us,
    Thanks,
    4xSuperStore

  5. #5
    My Pips Are Growing strelka's Avatar
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    Default Re: What do introducing brokers do?

    Yes, IB get spread from your trading and you can "return" a part of payed spread. Sometimes, IB can solve some problems as your representative

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    Pippier Than Thou! Arief Makmur's Avatar
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    Default Re: What do introducing brokers do?

    IB will be a "bridge" betwen their client and the broker; especially if you have any trouble in your trading and they (the IB) will help you.

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    Show Me The Money! theDoctor12's Avatar
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    Default Re: What do introducing brokers do?

    I like that for being IB you actually don't have to do something extraordinary. Just need to give your link... Other things are your responsibility. You may support traders, who have registered by your link, you even can give them your bonus (depends on broker). And usually there is opportunities for growing like (for example) regional representative or white label. That encourage to next steps.

  8. #8
    Pippier Than Thou! Arief Makmur's Avatar
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    Default Re: What do introducing brokers do?

    Quote Originally Posted by theDoctor12 View Post
    I like that for being IB you actually don't have to do something extraordinary. Just need to give your link... Other things are your responsibility. You may support traders, who have registered by your link, you even can give them your bonus (depends on broker). And usually there is opportunities for growing like (for example) regional representative or white label. That encourage to next steps.
    You can realize that; here's the link if you want to study how you can be an Introducing Brokers.

  9. #9
    Show Me The Money! theDoctor12's Avatar
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    Default Re: What do introducing brokers do?

    Thanks, Arief Makmur, I am already partner by another broker. And I guess I am happy to be where I am.

  10. #10
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    Default Re: What do introducing brokers do?

    Sure IB will attract and bring more and more traders for their brokers. It's like sales, so IB always prepapre to help his traders in trading.

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