The Introducing Broker (IB) program is a specially designed program offered by brokers, to allow individuals to join and act as middle persons between new clients and the broker. Each program is tailored with a different commission payment structure and has their own requirements. Read on to learn more about the Vantage IB program and its advantages.
What is an Introducing Broker Program?
The IB program is designed by brokers within the financial industry to collaborate with individuals in introducing new clients to their services. The IB does not directly execute any trades or handle client funds. Instead, they earn a commission or rebate from the broker for each referred client who joins the broker and begins trading.
This program serves as a mutually advantageous partnership between brokers and individuals seeking to potentially increase their income. The IB operates by using a unique referral link, which they can utilise to attract new clients to the partnered broker. When the client signs up and starts trading through the referral link, the IB becomes eligible to receive a commission based on the client’s trading activities.
Introducing Broker vs Affiliate
IBs and affiliates indeed have a common goal of attracting new clients to the partnered broker and earning commissions. However, there are some differences between the two:
|Role and Function||IB works to introduce new clients to their brokers and assist them with account setup, trading education and customer support.||An affiliate is someone who promotes the broker’s services through various online channels, such as websites, social media, or email marketing.|
|Compensation Structure||IBs earn commissions based on the trading volume generated by the clients they refer. They continue to receive these commissions if the referred clients maintain their trading activity with the partnered broker.||Affiliates earn fixed or performance-based commissions for each referred client who joins the partnered broker.|
|Relationship with Clients||IBs may have a more personalised relationship with the clients they introduce. They might provide additional support, education, or assistance in navigating the trading platform.||Affiliates typically have a more indirect relationship with the referred clients. Their primary focus is on driving traffic and generating leads for the broker.|
Benefits of Joining an Introducing Broker Program
Here are 4 advantages for you to join an IB program:
1. Broker Support
The partnered broker often provides support and resources to help IBs promote their services to new and potential clients. This support may include marketing materials, educational content, and webinars. By partnering with Vantage, a dedicated account manager will also be assigned to the IB to assist them with any questions and support required.
IBs have the freedom to work on their own terms. They can choose when and where to work, making it ideal for those who desire a flexible work-life balance. As an IB, you have the power to shape your work by setting your clients’ criteria and establishing your own client acquisition goals. Your earning potential is usually connected to the flexibility of building your own client base.
3. Ease of starting
To get started as an IB does not require a huge investment and thus making it easily accessible to many people. IBs can begin marketing their services to their followers or potential clients using free online platforms like social media and websites.
4. No Need for Product Creation
Unlike some other businesses or marketing models where you may need to create and develop products or services, as an IB, you don’t need to create anything. Your primary role is to refer potential clients to the broker, and the broker will be in charge of providing the trading platform and services to the clients.
How to Become an Introducing Broker
To join as an IB with Vantage is easy. You can easily get started in just 3 simple steps:
1. Register as an IB with Vantage
To get started as an IB with Vantage Partners, you will need to complete the registration form on the website. Submit the form with your full name, email address, phone number, and country of residence and a confirmation email will be sent out. A designated account manager will be in contact with you within 1 to 3 working days to further guide you through the registration process.
2. Complete Account Verification
To become an IB with Vantage, you must undergo an account verification process. This involves submitting necessary documents for identity and address verification. Once verified, your account manager will finalise your IB agreement, allowing you to start your journey as an IB with Vantage.
3. Get Account Confirmation
Upon activating your IB account, you’ll receive an email notification from the Vantage partners team. Log in to the IB portal to find your unique referral link, which you can share with your clients. The IB portal also provides essential information about your clients’ trading activities, total commission earned, and available balance for withdrawals. For any issues or assistance, you can contact [email protected] or your Account Manager.
Vantage Introducing Broker Program
The Vantage IB Program offers a great opportunity for individuals with a strong trader audience to earn potential income from their referred clients’ trading activities. By partnering with Vantage Partners, you can leverage our well-established brand identity, exceptional customer service, and user-friendly IB reporting platform to your advantage.
Start your IB journey today by joining the Vantage IB program. Get started with us now!