The Forex market is by far and away the largest market in the world. Trading at over $5 trillion a day it is well above all of the exchanges combined. The Forex trading industry has seen both of record volumes and record profits in the past months. There are ways to take advantage of this boom and also to provide a necessary service.
Becoming an introducing broker is a way that one can get compensated for introducing clients to Forex broker. This process is usually quite simple.
First of all the introducing broker or IB will discuss with a sales representative from the Forex broker the nature of their business. They will provide information like their target market or other demographic all information that is helpful to the Forex broker. The introducing broker will then sign an Introducing Broker agreement with the Forex broker including the terms of their payout.
Upon completion of all the agreements and execution of those agreements the next step is for the introducing broker to market to his clients. There are many ways that an introducing broker can acquire his clients. One is the introducing broker that provides training or education and is looking for a broker for his clients to trade with.
Another type of Forex introducing broker may be someone who specializes in online marketing. The introducing broker may run a blog or a portal that features Forex markets. They can then have banners or links back to the broker and receive compensation for referring that broker. Many times the introducing broker specializes in a certain country and provides language support for that particular country. This can be a great deal of help to the Forex broker that they do not have to have language support in every country that they deal with. This can also be very beneficial to the client in that there is no misunderstanding and there's clear support in their native language.
Brokers usually provide the introducing broker with a completely transparent back office where they can track all of their activity and calculate their payouts in real time.
Becoming an introducing broker can be one way that you can experience the exciting world of Forex.
To learn more please visit www.clmforex.com
Disclaimer: Trading of foreign exchange contracts, contracts for difference, derivatives and other investment products which are leveraged, can carry a high level of risk. These products may not be suitable for all investors. It is possible to lose more than your initial investment. All funds committed should be risk capital. Past performance is not necessarily indicative of future results. A Product Disclosure Statement (NYSE:PDS) is available from the company website. Please read and consider the PDS before making any decision to trade Core Liquidity Markets' products. The risks must be understood prior to trading. Core Liquidity Markets refers to Core Liquidity Markets Pty Ltd. Core Liquidity Markets is an Australian company which is registered with ASIC, ACN 164 994 049. Core Liquidity Markets is an authorized representative of Direct FX Trading Pty Ltd (AFSL) Number 305539, which is the authorizing Licensee and Principal.