What is an Introducing Broker?
In the forex industry, an Introducing Broker (IB) is a type of partnership in which the IB refers a group of clients to a FX broker, and the FX broker pays the IB rebates depending on the trading volume of those clients.
Who can become an Introducing Broker?
Individuals or businesses with a significant online presence, such as websites dedicated to foreign exchange education, review sites, financial websites, trade clubs, bloggers, and social media influencers. IBs are likely to maintain contact with their clients on a frequent basis, while some IBs operate only by recommendation. Numerous IBs begin their careers as traders, recommending fellow traders or members of their personal network. and grow their business through word of mouth.
How to become an Introducing Broker?
If you haven't already done so, please do so by clicking this link. Our team will contact you to confirm your application when you complete a brief questionnaire.
Introducing Broker requirements
The IB program is ideal for those with a network of clients whether through a personal blog, broker review website or social media. Start referring today with all the help you need from our team. Personal information and your website or referral plan will be requested. In addition, you must provide a valid photo ID and proof of residence, which you can do before or after submitting your request.
Introducing Broker reward structure
IB rebates are calculated based on account type and traded instruments. The following table summarises the default FX rebates paid. Your level of loyalty will be determined by the number of lots traded by your clients and the deposits you create.
FX and Metals Commission USD
| Loyalty level | Raw account | Standard account |
|---|---|---|
| Silver | 2.00 USD | 5 pts |
| Gold | 2.20 USD | 5.5 pts |
| Platinum | 2.40 USD | 6 pts |
Ask us about our Crypto, Indice and Commodities commission.
Introducing Broker Loyalty Program
Our loyalty program is designed to reward partners for the business they bring.
By default, all of our partners earn commissions at the Silver level. When you fulfil our eligibility requirements, you may contact us to request a raise in your commission to Gold and eventually Platinum levels. We provide a VIP special deal to partners who reach our platinum level, which you can discuss with your account manager.
Master IB / Multi tier IB program
The master IB multi-tier program is perfect for IB’s who work with a network IB’s and would like to introduce them to the benefits of FP Markets. The program is highly customizable for your needs. Here is an example of our default multi tier program
Here is an example of a standard account rebate with 5 levels of IB’s and how the rebate is split.
| Level | Master | Level 1 | Level 1 | Level 1 | Level 1 | Level 1 |
|---|---|---|---|---|---|---|
| Master IB | 5.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Level 1 IB | 4.00 | 0.50 | 0.50 | 0.50 | 0.50 | |
| Level 2 IB | 3.50 | 0.50 | 0.50 | 0.50 | ||
| Level 3 IB | 3.00 | 0.50 | 0.50 | |||
| Level 4 IB | 2.50 | 0.50 | ||||
| Level 5 IB | 2.00 |
Introducing Broker FAQ for the Partners Hub
I am already a client of FP Markets, can I become an IB?
We welcome our clients to join our IB program! You will be required to register separately, which you can do here:
What can I earn as an IB?
IB’s earn commission on the trading volume of their introduced clients. The commission varies between the account type and instruments traded. Please see here for an overview
Can I withdraw my commissions at anytime?
we verify you have all documents in place.. Please ensure that you have provided all required documentation for your nominated withdrawal method, prior to making the withdrawal. You can do this via the IB portal.
Why do some brokers pay higher IB commissions than FP Markets?
IBrokers who have higher IB commissions than FP Markets have different business models. FP Markets operates with a client centric model. This means that we strive to offer the best conditions possible to them. It costs clients less to trade with our excellent spreads. The lower the spreads, the lower the IB commissions. However we also find that our clients tend to stay with us for the long term. They not only get better conditions, they also get amazing customer service. The happier the client, the more they trade and the more IB commissions you earn.
How do I introduce clients?
Once your account is approved, you will be provided with a unique referral number, and links to provide to your clients to onboard.
Where can I see the marketing guidelines?
You can find our marketing and advertising guidelines here
Can I customise my IB links
Custom links can be provided, please ask our team for more information.
How can I upgrade my commissions?
As an IB you can benefit from our loyalty program which offers higher commissions when you meet our volume or deposit criteria. Please reach out to our partners team for more information, [email protected] or speak with your account manager.
How can I contact the partners support team?
Partners support are available via Live chat and email or you can arrange a call
Where can I find out about your latest seminars?
We regularly hold seminars and attend expo’s where you can meet our team. Please see our event calendar for the next event.
Where can I find more information about FP Markets account types?
For full details on the trading account types and instruments available, please visit the following link: https://www.fpmarkets.com/account-types/forex-account-types/
Do you offer a master IB program?
Yes we offer a master IB program with the flexibility to work with multi levels of up to 5 tiers. Please see more information in this article
How does the master IB program work?
To introduce an IB, you can find your IB link in the IB portal. When the IB registers through our online registration, they will be automatically linked to your IB program. Please ask our team more information.
