Thread: Step become the IB

Want to earn extra money? If you have a website, blog, or social media take advantage as best as possible to make it a barn for your money. It's easy, by joining with the broker to IB (introducing broker). This is the right solution for you who are looking for an experience in the marketing or want to add revenue.

Introducting the broker is the kind of partnership that does not require knowledge about forex and investing more in, because that is needed here is your expertise in introducing the client to the broker. And later you will get Commission from each client.

The Advantage of an IB

1. no need to spend long hours to sitting
2. don't need to be a reliable person to the world of trading
3. no charge for registration

What is needed

1. A strong desire to earn money
2. Web site, blog, or other social media use
3. Register/create an account registration

Broker TenkoFX offers a variety of partnership programs, each designed to meet different business model and set a destination. TenkoFX as a partner you will become a passive shareholder in our company, to share in our success and help us to grow by attracting new clients. You will earn revenue for each client that you bring, apart from their trading results. At this stage, we offer three types of affiliate programs: Web Agency, partners and Introducing Broker (IB)

To become an IB requires expertise in marketing as well as having expertise in trading. to be successful IB, we need many processes so when can survive then they will obtain maximum results. in Armada Markets there are promotions refer a friend that can be used to get additional income in addition to trading

These days IB's are really important for many brokers and broker with strong IB network are the one's who are successful in this market, I agree with the fact that to become an IB is really easy and you don't need to go through lengthy processes in order to be an IB, and if you have strong network then you can make massive commissions.

An IB is the next step after the trader to understand the workings of the forex business and can earn consistent profits because of the consistent profit trader can provide a solution to the client so that the client is interested in trading under the IB

IB is a plus, in addition to the trading and it's related feature, I agree with the thing that you need to be first a good trader and a strong network in order to be successful in this market, s what need to be done here is that you need to be a good trader and a strong trading network so that i can benefit you in your career as an IB to make some money.

SOURCE OF REVENUE


As a TenkoFX partner you will be remunerated with commissions based on the trading volume generated by your clients. Each transaction executed by one of your clients is a source of revenue for you. Trading volume commission is credited to your account on a weekly basis. The level of compensation is quoted in US dollars per $1mln USD traded and depends on the partnership program you join.


COMMISSION CALCULATION


The calculation of the commission per individual transaction depends on several factors:


1. Your current commission level (based on your partnership status)
2. The instrument being traded
3. The size of the transaction (in lots, check contract specification)
4. The current price of the asset / instrument


The examples below are based on the assumption of participation in the Introducing Broker program, with the status of Promo Master.


Currencies (FX major)

• Ex 1: Let’s assume that a partner brings in a client with 500 USD balance.
• The client executes 10 transactions each 1 lot EURUSD.
• 1 lot EURUSD = 100 000 EUR (136 250 USD) (with EURUSD rate = 1.3625)
• To execute a trade of 1 lot on EURUSD with a leverage of 1:500 a margin of 272 USD would be required.
• Trading Volume = 1 362 500 USD ( = 10 trnx * 100 000 EUR * 1.3625)
• Partner’s commission = 81.75 USD ( = 1 362 500 / 1 000 000 * 60 USD)
• FX major commission for Promo Master status = 60 USD per 1 mln USD

Currencies (FX minor)

• Ex 2: Let’s assume that a partner brings in a client with 500 USD balance.
• The client executes 10 transactions each 1 lot GBPCAD.
• 1 lot GBPCAD = 100 000 GBP (168 000 USD) (with GBPUSD rate = 1.6800)
• To execute a trade of 1 lot on GBPCAD with a leverage of 1:500 a margin of 336 USD would be required.
• Trading Volume = 1 680 000 USD ( = 10 trnx * 100 000 GBP * 1.6800)
• Partner’s commission = 134.4 USD ( = 1 680 000 / 1 000 000 * 80 USD)
• FX minor commission for Promo Master status = 80 USD per 1 mln USD

Metals (Gold)

• Ex 3: Let’s assume that a partner brings in a client with 500 USD balance.
• The client executes 10 transactions each 0.5 lot XAUUSD (Gold).
• 0.5 lot XAUUSD = 50 contracts (62 682 USD) (with XAUUSD rate = 1253.65)
• To execute a trade of 0.5 lot on XAUUSD with a leverage of 1:200 a margin of 313 USD would be required.
• Trading Volume = 626 825 USD ( = 10 trnx * 50 contracts * 1253.65)
• Partner’s commission = 125.36 USD ( = 626 825 / 1 000 000 * 200 USD)
• Metals commission = 200 USD per 1 mln USD

TenkoFX pays fixed commission per 1 mln of trading volume. The table below illustrates payable commissions depending on the instruments that are being traded and partner’s status. A partner can hold a status of Specialist, Promo Master, or Sales Leader depending on the trading volume generated by the partner’s clients.

There are many broker who gives you option to become an IB, and when you trade people will get in touch with you so you can get some clients for the broker and its good to have an extra income, there is nothing wrong.

I think these days market is experiencing many brokers and offers from the Market, so it is up to the individuals that how they want to be associated with the broker, as far as my experience is concern FBS is giving some really good offers for it's IB's.

How can I register for a partner account?

Once your TenkoDESK registration is complete you will automatically receive Agent status and receive a referral link you can use to attract customers (promotion materials).


To apply for a specialised Partner program simply follow one of these links:

• Agent
• Introducing Broker