What is an introducing broker
An Introducing Broker is someone who sets up a partnership with a forex company. In setting up an Introducing Broker partnership, your forex company will be able to enjoy a range of benefits, including the acquisition of a number of new clients through the Introducing Broker.
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Introducing Broker explained
An Introducing Broker is someone who partners with a forex company. In establishing the partnership, the Introducing Broker introduces a number of clients to the forex company, in exchange for the commission earned on the trades, or for a portion of the spread.
The Introducing Broker has a direct relationship with his clients, but delegates all trade execution activity to the forex company. The Introducing Broker will benefit from the commission earned on the trades, or on a portion of the spread.
The purpose of an Introducing Broker is to increase efficiency and lower the workload for the traders of your forex company. The Introducing Broker’s role is to focus on the client and their personal trading needs, whilst the forex company traders are able to focus on the actual transactions.
Introducing Broker services can be of great value to a forex company. It is however important to find the right Introducing Broker for your forex brokerage needs, and ensure that the clients they are introducing are going to add value to your forex brokerage.
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