Company or any individual which has contacts with other companies or people who may be thinking about trading forex online, either by themselves or through a forex broker may become a forex Introducing Broker.
Here are some typical examples of companies that could become successful forex Introducing Brokers (IBs). This list isn’t exhaustive, so should you not see a description of your personal background or your company type, you’ll be able to check out any forex broker online.
Independent Financial Advisers
Successful Forex Traders
Organisers of seminars that are fiscal
Any business professional with existing customers
How will you know in case your contacts are interested in the forex markets?
In case your contacts would be the kind of men and women who meet all or some of these criteria, then the chances are that they might want to consider trading forex. And it follows that you may earn fees from introducing them to a forex agent:
Previous experience in online trading
Have disposable income to trade
(usually above GBP10,000)
Are interested in alternate forms of investment
Desire professionals them
There are few prospects that offer individual or commercial entrepreneurs more benefits than those supplied by becoming an introducing agent in the internet foreign exchange company. These gains are driving more and more ambitious individuals and companies to provide contacts and their customers a direct path to trading currencies and/or investing their money in professionally managed forex accounts.
See the section below on why you should become an Introducing Broker if you’d like to be among these.
Below, I have recorded just some of the benefits to become an Introducing Broker for an on-line forex brokerage:
Why in the event you become one?
– Provide contact and your clients with access to the liberty that comes from trading their particular cash online on forex trading platforms that are safe.
-Raise the amount of investment and money-making opportunities you offer your customers and network, which then enhances the range and standing of your own business and may lead to greater client retention levels.
-You are paid a commission depending on the trading volume of the clients you refer. You’re remunerated exclusively by the forex agent out of his gain from your referred customers.
-You can receive daily reports on the fees you create through the customers you refer to your own forex broker. This enables you to monitor the growth of you new company online, 24 hours a day.
-You may benefit from the explosive growth in the demand for alternate investments by offering your high-net worth clients a managed forex account. By introducing customers to some managed forex account, you gain because their investments are being managed by professionals and this raises your reputation as a quality financial services provider.
-it is not difficult to get started as an Introducing Broker. Actually, should you only decide you want to introduce customers to get a fee depending on their trade quantity (which can be the most widely used form of Introducing Agent agreement), then all you need is a relationship with a couple of forex agents.
-You can leverage the possibility in commercial relationships or your existing customer base by continuously improving the level and depth.
-Your clients often gain better service from you (should you select to handle your relationship together directly. The reason for that is that means that they may not have the in-depth expertise or understanding of your customers unique needs as you do and that many forex brokers are international. This enhances your service offering and assists in building customer loyalty.
A few forex brokers even supply Introducing Brokers using their own Swiss bank account where all fees are paid. Of getting your own personal Swiss bank account, the advantages are well known, but you can find lots of excellent free guides to Swiss banking online.
Your customers’ gains
-Your clients can trade forex whenever they pick. The forex market is the most fluid and actively traded marketplace in the whole world.
-Your customers get free account management services to make their on-line forex trading simpler. All reputable forex brokers give a complete back office (account management) system, free of charge to all clients.
-Your customers can diversify their investment into online currency trading. An increasing number of investors and traders decide to spread their risk by investing in lots of capital market products, such as stocks, futures etc. forex,
-Your customers don’t have to be investment wizards. Anyone can learn to trade forex in a couple of hours. In fact, most forex brokers provide in-depth training in how to work with their systems.
Getting started as an Introducing Agent
Make sure that the forex broker you decide to eventually become an Introducing Broker for provides all the support you require to grow your company that is new.
The best ones in the market will give you the support, materials and training you need so that you are able to promote their online money services in the most informed and powerful way as you possibly can to your clients and contacts.
Example introducing agent programs: