Results 1 to 10 of 10

Thread: What do introducing brokers do?

      
  1. #1
    Forex Forum Apprentice
    Join Date
    Sep 2010
    Posts
    7
    Rep Power
    0

    Post What do introducing brokers do?

    How many of us have aspired to become Forex traders only to discover our early trades donít 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 youíve got what it takes to be an introducing broker. But what are introducing brokers?

  2. #2
    My Pips Are Growing DavidLoPanPips's Avatar
    Join Date
    Feb 2011
    Location
    China Town
    Posts
    33
    Rep Power
    0

    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
    Join Date
    Feb 2008
    Posts
    1,723
    Rep Power
    24

    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
    Will Work For Pips
    Join Date
    Apr 2011
    Posts
    3
    Rep Power
    0

    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
    Join Date
    Sep 2010
    Posts
    45
    Rep Power
    0

    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

  6. #6
    Pippier Than Thou! Arief Makmur's Avatar
    Join Date
    Feb 2012
    Posts
    294
    Rep Power
    13

    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.

  7. #7
    Show Me The Money! theDoctor12's Avatar
    Join Date
    Oct 2012
    Posts
    91
    Rep Power
    11

    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
    Join Date
    Feb 2012
    Posts
    294
    Rep Power
    13

    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
    Join Date
    Oct 2012
    Posts
    91
    Rep Power
    11

    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
    Show Me The Money!
    Join Date
    Sep 2012
    Age
    32
    Posts
    90
    Rep Power
    11

    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.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •