Forex IB programs have become a staple of any successful online brokerage. Most brokers now realize that a small team of talented, motivated introducing brokers can yield a great deal of revenue over time. Clients also appreciate the service they receive from a Forex IB and a good introducing broker program is a draw for ambitious professionals as well. Let’s consider some of the reasons why Forex IBs are so popular.
Clients know that realistically they can’t expect minute by minute guidance from the higher ups of an online brokerage. However if they are brought into the operation by a dedicated Forex IB they can reasonably expect a very attentive level of service and guidance. While this may not mean much to grizzled veterans of the Forex world, for a new trader that guidance is essential for getting to grips with trading platforms like Metatrader 4 or Unitrader; as well as understanding the nature of Forex trading itself.
Another plus of working with an introducing broker is that they can share their exclusive contacts with clients. Many traders appreciate input from more experienced traders about what trades are viable in a given situation; of course new traders are often short on such contacts.
The reasons for working as a Forex IB are equally as varied. Forex IBs make rebates from their clients’ trades so for this reason they are extremely motivated to expand their brokerage with talented traders. In addition to being handsomely paid for their efforts, Forex IBs also learn a lot about Forex trading along the way. This gives them the option of becoming successful traders further down the line, or obtaining other lucrative positions in the finance world. So whether you’re interested in working with a Forex IB or working as a Forex IB you ought to contact a good Forex brokerage today!