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What does the Forex IB program mean?

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Paulsy

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This question was posed by many people i came across in Forex market. The following is my response. Tell me if I'm mistaken!

A Forex IB also called an Introducing Broker, is someone whose primary responsibility is to introduce new clients to a brokerage firm and earn rewards from them. A Forex IB can be anyone who has some relative knowledge, such as a YouTuber, an influencer, a trader, a financial advisor, or a blogger.




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#1 - April 22, 2022, 03:20:08 AM
« Last Edit: April 22, 2022, 09:14:41 PM by Mikser »

Nick77

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This program is to introduce a broker to many people or to prospective clients
#2 - May 21, 2022, 05:09:16 PM

Dana D

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IB is the person in charge of introducing a broker, and usually this can get a commission
#3 - May 23, 2022, 01:41:46 PM

novales

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IB is actually very helpful for clients, so this program must be there
#4 - May 24, 2022, 04:02:17 AM

Nick77

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The IB program is a program that aims to introduce the broker in question
#5 - May 25, 2022, 04:52:22 AM

Dana D

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The IB program will be able to help clients understand about a broker program
#6 - May 26, 2022, 06:12:28 AM

Dana D

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for me being an IB will be very beneficial and mutually beneficial with clients
#7 - May 26, 2022, 09:52:19 AM

Nike

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IB program is how we attract a customer to join us and earn commissions
#8 - May 27, 2022, 02:04:32 AM

Dana D

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IB is one way in trading to increase our income
#9 - May 27, 2022, 02:53:12 AM

ZB

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IB is the person in charge of introducing the broker itself
#10 - June 01, 2022, 04:00:56 AM

Nike

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The ib is actually the person who trades as our chairman or more in his room we are in the same team with them
#11 - June 07, 2022, 12:54:52 AM

ZB

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Quote from: Nike on June 07, 2022, 12:54:52 AM
The ib is actually the person who trades as our chairman or more in his room we are in the same team with them
And this profession can be an alternative we can get money from Tarding in addition to trading itself, but must be able to manage many clients
#12 - June 07, 2022, 01:23:37 PM

Nick77

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Quote from: ZB on June 07, 2022, 01:23:37 PM
And this profession can be an alternative we can get money from Tarding in addition to trading itself, but must be able to manage many clients
It can even make money bigger than the results of us trading, but it must have a lot of members
#13 - June 08, 2022, 11:06:12 AM

smdburst

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IB programs at brokerages are intended to grow their client base.  This is done primarily by sharing commissions with the IB.  The IB is then free to distribute some of those commissions  with the new clients they bring to the broker.  Forex zone is one such IB.
#14 - June 10, 2022, 07:44:06 PM

Dana D

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Quote from: smdburst on June 10, 2022, 07:44:06 PM
IB programs at brokerages are intended to grow their client base.  This is done primarily by sharing commissions with the IB.  The IB is then free to distribute some of those commissions  with the new clients they bring to the broker.  Forex zone is one such IB.
The more the client is developing, the greater the profit potential he can have
#15 - June 10, 2022, 10:18:53 PM
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