https://www.wikifx.com/en/newsdetail/202210113634769975.html?source=zme3
Abstract：Would you like to make extra income by introducing clients to your forex or CFD broker? If this idea sounds interesting to you, you must keep reading to learn more about the role of an introducing broker.


　　An introducing broker, or IB for short, is a company or individual who introduces its clients to a broker. While acting as a referral, it is also an agent between the broker and the client. IBs must provide their services to maintain rapport with clients and keep them around. When a trading client carries out business (i.e., performs a trade) with the broker, the IB earns a small percentage of the commission. The commission is usually in accordance with the lot size the client trades.

　　For example, Ali is an introducing broker who refers Susan to ABC Broker. The promised commission between ABC Broker and Ali is $1 for each 1.0 lot traded. When Susan opens a trade of 0.5 lot, Ali gets a 50-cent commission credited in return.

　　Becoming a successful IB is about gathering as many clients as possible to increase the chances of earning more commission. IBs usually offer specific services to attract and maintain clients. Some provide profitable trading signals for clients, and some provide free trading courses, webinars or even one-to-one trading. Many of them have a social media presence and could run ads to promote their IB business on social media too.

　　If you are an individual or a retail trader looking to become an IB, it is encouraged to choose a credible broker. Simply download the free WikiFX app and look for a broker that has a score of 7.0 and above, is regulated by an authority body, and has valid licenses. This is an essential step for an IB, too, not just for retail traders, because we at WikiFX also received complaints about unreliable (scam) brokers taking advantage of their IB.

Being an IB is like being a matchmaker – you connect traders with brokers and earn a commission for every trade they make. It's a great way to earn some extra income, but it does require some effort to be successful.For example, let's say you introduce your friend to a broker, and they start trading. Every time they make a trade, you earn a small commission. The more traders you bring in, the more commission you can earn. It's all about building relationships and providing value to your clients.

To be a successful IB, you need to offer something that sets you apart from other brokers. Some IBs provide trading signals, while others offer educational resources like webinars or one-on-one coaching. It's all about finding what works best for you and your clients. When choosing a broker to work with, it's important to do your research. Look for a broker that's reputable, regulated, and has a good track record. You can check out the best platforms for forex brokers on this site. It's essential to choose a broker that you can trust, as your reputation as an IB is on the line.