An Introducing Broker (IB) Program is a partnership between a broker and an individual or entity (the IB) who refers clients to the broker. In return, the IB earns commissions based on the trading activity of the referred clients.
These programs are prevalent in Forex and CFD trading, offering various earning opportunities such as: Commission per lot traded, revenue share from spreads or swaps, markup on spreads, and earnings from sub-IB networks.
Each broker has its unique offerings, and selecting the right program can significantly impact your earnings and business growth. At WR Trading, we’ve done the research to determine the 20 best IB programs that are reputable, high-paying options where you’ll get the best commission – here’s the list:
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1. FP Trading
FP Trading ranks 1st in our comparison. The firm offers an Introducing Broker (IB) program that allows partners to earn competitive commissions that are based on the trading volume of their referred clients. The program gives you access to advanced analytics tools (and a redesigned IB portal for maximum transparency)
FP Trading is a reputable broker, regulated in multiple jurisdictions, including Australia (ASIC), Cyprus (CySEC) +3 more regulators. Their commitment to transparency and competitive trading conditions has earned them much recognition in the industry－they are highly regarded by traders, and number one on our list.
| Feature | Details |
|---|---|
| Commission per lot | RAW Accounts up to $2.4 per Lot Standard Accounts up to 6 points per lot |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
| Forbidden countries | USA, Iran, and certain other jurisdictions |
| Payout frequency | Daily |
| Minimum clients | No minimum requirement |
| Regulation | FSA (Saint Vincent), FSRA (Saint Lucia), FSC (Mauritius), FSCA (South Africa) |
| Cookie duration | 30 days |
| Payment methods | Bank transfer, credit/debit cards, e-wallets |
| Markup spreads possible | No |
| Sub IB Program | Yes (multi-level commissions available) up to 5 levels |
2. RoboForex
RoboForex ranks 2nd in our list with its exceptional 5-tier Sub IB structure offering up 15 per lot, daily payouts, and automatic spread markup capabilities. It’s arguably the most lucrative program for IBs looking to scale through sub-partner networks, paying up to 85% from spreads and up to 30% from swaps.
At average spreads of 1.3 pips, you’ll take $10 from the spread per lot, and $3.80 from swap long per lot. The program is designed to accommodate various marketing strategies, and it provides comprehensive support to its partners.
RoboForex is a well-established broker, regulated by the International Financial Services Commission (IFSC) in Belize. Despite being offshore, they have garnered a significant client base due to their diverse product offerings and competitive conditions. They have a good reputation, and show efforts to maintain it.
| Feature | Details |
|---|---|
| Commission per lot | Up to 85% of the brokers income & 30% of the swap |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), CopyFX, RStocksTrader |
| Forbidden countries | USA, Japan, Canada, as well as other jurisdictions |
| Payout frequency | Daily |
| Minimum clients | No minimum requirement |
| Regulation | IFSC (Belize) |
| Cookie duration | 30 days |
| Payment methods | Bank transfer, credit/debit cards, e-wallets |
| Markup spreads possible | No |
| Sub IB Program | Yes (multi-level commissions available) down to 5 levels. Needs to be manually activated with support. Expert IB Program: Level 1: 35% Level 2: 20% Level 3: 15% Level 4: 12.5% Level 5: 10% |
3. StarTrader
StarTrader earns its spot with reliable regulatory oversight, competitive variable commissions, and comprehensive marketing support that helps new IBs build their client base quickly. The program’ s marketing tools come alongside dedicated support to help partners grow their client base relatively quickly and effectively.
StarTrader operates with good regulatory oversight, and has built a reputation for reliable execution and transparent business practices.
| Feature | Details |
|---|---|
| Commission per lot | Variable, based on trading volume and account type |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Forbidden countries | USA, and certain restricted jurisdictions |
| Payout frequency | Daily |
| Minimum clients | No minimum requirement |
| Regulation | Regulated in multiple jurisdictions |
| Cookie duration | 30 days |
| Payment methods | Bank transfer, credit/debit cards, e-wallets |
| Markup spreads possible | Yes |
| Sub IB Program | Yes (multi-level commissions available) |
4. HFM (previously HotForex)
HFM makes the list thanks to its triple-tier regulation (FCA, CySEC, FSCA), flexible earning structures, and extensive marketing resources that accommodate various IB business models. The program is designed to accommodate various business models, and the routes to earning appeal to a diverse array of potential IBs.
HFM is an established broker with multiple regulatory licenses. It has a justifiably strong reputation in the global trading community.
| Feature | Details |
|---|---|
| Commission per lot | Variable, based on trading volume |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Forbidden countries | USA, Canada, and certain other jurisdictions |
| Payout frequency | Daily |
| Minimum clients | No minimum requirement |
| Regulation | FCA (UK), CySEC (Cyprus), FSCA (South Africa) |
| Cookie duration | 30 days |
| Payment methods | Bank transfer, credit/debit cards, e-wallets |
| Markup spreads possible | Yes |
| Sub IB Program | Yes (multi-level commissions available) |
5. XM
XM’s inclusion here is justified by its strong global reputation across multiple regulatory jurisdictions (FCA, ASIC, CySEC), award-winning transparency, and up to $10 per lot commissions (with daily payouts).
The program is flexible enough to work successfully with multiple promotional methods, and provides effective and comprehensive tools to help partners succeed.
XM is a globally recognized broker, regulated in multiple jurisdictions, including the UK (FCA), Australia (ASIC), and Cyprus (CySEC). Their commitment to transparency and client support has also earned them numerous industry awards, and justifiably so.
| Feature | Details |
|---|---|
| Commission per lot | Up to $10 per lot, depending on account type and trading volume |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Copy Trading Platform |
| Forbidden countries | USA, Canada, Japan, Europe, and certain other jurisdictions |
| Payout frequency | Daily |
| Minimum clients | No minimum requirement |
| Regulation | ASIC (Australia), CySEC (Cyprus), IFSC (Belize), FSC (Seychelles), FSC (Mauritius) |
| Cookie duration | 30 days |
| Payment methods | Bank transfer, credit/debit cards, e-wallets |
| Markup spreads possible | No |
| Sub IB Program | Yes (multi-level commissions available), 1 level |
6. AvaTrade
AvaTrade secures a top-six position with its MiFID, ASIC, and FSA regulation, spread-based earnings model, and selective spread-markup opportunities on certain instruments. It presents as ideal for IBs looking for strong regulatory credibility..
Commissions per lot are allocated to a spread-share structure, and you can choose daily payouts. Their openness and great client support has ehaveed them industry recognition and a growing client base, and their IB Program is in the same fold.
| Feature | Details |
|---|---|
| Commission per lot | Spread-based (no separate commission) |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader |
| Forbidden countries | USA, New Zealand, Belgium, Cuba, Syria, Canada,and certain other jurisdictions |
| Payout frequency | Daily |
| Minimum clients | No minimum requirement |
| Regulation | MiFID (EU), ASIC (Australia), FSA (Japan) |
| Cookie duration | 30 days |
| Payment methods | Bank transfer, credit/debit cards, e-wallets |
| Markup spreads possible | Yes, certain instruments |
| Sub IB Program | Yes (multi-level commissions available), 1 level |
7. TMGM
TMGM stands out with robust analytics tools, dedicated account management, and ASIC/VFSC regulation that appeals to IBs wanting professional support and transparent reporting. Besides great analytics, the program also provides marketing materials and dedicated account management support.
TMGM is regulated in multiple jurisdictions, and has built a solid reputation for transparency and quality execution.
| Feature | Details |
|---|---|
| Commission per lot | Variable, based on trading volume |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Forbidden countries | USA, Canada, and certain restricted jurisdictions |
| Payout frequency | Daily |
| Minimum clients | No minimum requirement |
| Regulation | ASIC (Australia), VFSC (Vanuatu) |
| Cookie duration | 30 days |
| Payment methods | Bank transfer, credit/debit cards, e-wallets |
| Markup spreads possible | Yes |
| Sub IB Program | Yes (multi-level commissions available) |
8. Deriv
Deriv earns its place through its long-standing reputation in derivatives trading, MFSA regulation, flexible commission structures across diverse products, and crypto-friendly payment options. Apart from its adaptable commission system, the program also offers a comprehensive range of marketing support tools.
Deriv is a well-established broker with regulatory licenses and a long-standing reputation in the derivatives trading space.
| Feature | Details |
|---|---|
| Commission per lot | Variable, based on product and trading volume |
| Platforms | Deriv platforms, MetaTrader 5 (MT5) |
| Forbidden countries | USA, Canada, and certain restricted jurisdictions |
| Payout frequency | Daily |
| Minimum clients | No minimum requirement |
| Regulation | Multiple jurisdictions including Malta (MFSA) |
| Cookie duration | 30 days |
| Payment methods | Bank transfer, credit/debit cards, e-wallets, crypto |
| Markup spreads possible | Yes |
| Sub IB Program | Yes (multi-level commissions available) |
9. Vantage Markets
Vantage makes the list with ASIC and CIMA regulation, up to three platform options including cTrader, and competitive variable commissions that reward high-volume IBs. This program has also been built to accommodate different client acquisition strategies, and they provide really good support to facilitate your success.
Vantage Markets is a reputable broker, regulated in multiple jurisdictions, including Australia (ASIC) and the Cayman Islands (CIMA). Their commitment to fair dealing and client support has earned them recognition in the industry, and they’re in the top 10 on this list in part because of their great service.
| Feature | Details |
|---|---|
| Commission per lot | Variable, based on trading volume |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, Pro Trader |
| Forbidden countries | USA, Canada, China, Romania, Singapore, as well as jurisdictions on the FATF and EU/UN sanctions lists |
| Payout frequency | Daily |
| Minimumclients | No minimum requirement |
| Regulation | ASIC (Australia), CIMA (Cayman Islands) |
| Cookie duration | 30 days |
| Payment methods | Bank transfer, credit/debit cards, e-wallets, crypto |
| Markup spreads possible | Yes |
| Sub IB Program | Yes (multi-level commissions available), 1 level |
10. Moneta Markets
Moneta Markets ranks in the top 10 with up to $10 per lot commissions, ASIC regulation, multi-tiered structure, and transparent client support that helps IBs retain long-term trading clients. The program allows for the implementation of various marketing strategies, and as with the others in this echelon, provides comprehensive tools to help you as a partner succeed.
Moneta Markets is a reputable broker, regulated in multiple jurisdictions, including Australia (ASIC) and Saint Vincent and the Grenadines (SVG). Their obvious transparency and client support has made them popular with traders, and earned them deserved industry recognition.
| Feature | Details |
|---|---|
| Commission per lot | Up to $10 per lot, depending on the account type and trading volume |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Copy Trader |
| Forbidden countries | USA, Canada, and some other jurisdictions |
| Payout frequency | Daily |
| Minimumclients | No minimum requirement |
| Regulation | FSCA (South Africa), FSP (Australia) |
| Cookie duration | 30 days |
| Payment methods | Bank transfer, credit/debit cards, e-wallets, crypto |
| Markup spreads possible | Yes |
| Sub IB Program | Yes (multi-level commissions available), 20 levels |
11. OnFin
OnFin makes the list despite being poorly regulated due to its competitive variable commissions, daily payouts, and reliable trading conditions. It’s eminently suitable for IBs comfortable with offshore partnerships.
The program provides marketing resources and analytical tools to help partners track performance and optimize their strategies. OnFin is effectively unregulated, operating as an offshore brokerage, although it is licensed by the Mwali International Services Authority (MISA) in Comoros. The broker is visibly focused on providing reliable trading conditions for clients.
| Feature | Details |
|---|---|
| Commission per lot | Variable, based on trading volume |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Forbidden countries | USA, Canada, and certain restricted jurisdictions |
| Payout frequency | Daily |
| Minimum clients | No minimum requirement |
| Regulation | MISA, but generally considered unregulated in the broader trading industry |
| Cookie duration | 30 days |
| Payment methods | Bank transfer, credit/debit cards, e-wallets |
| Markup spreads possible | Yes |
| Sub IB Program | Yes (multi-level commissions available) |
12. Pocket Option
Pocket Option earns its spot through its popular binary options focus, YouTube-driven brand recognition, competitive payouts, and crypto payment options that attract a specific trader demographic. The program offers decent payouts and is flexible enough to work with multiple promotional methods, providing various marketing tools and resources.
Popular on YouTube and other platforms, Pocket Option has established itself as a platform for options trading with a growing user base. That said, it lacks any real regulation, and this must always be factored into your strategies.
| Feature | Details |
|---|---|
| Commission per lot | Variable, based on trading activity |
| Platforms | Pocket Option proprietary platform |
| Forbidden countries | USA, Canada, and certain restricted jurisdictions |
| Payout frequency | Daily |
| Minimum clients | No minimum requirement |
| Regulation | IFMRRC registration |
| Cookie duration | 30 days |
| Payment methods | Bank transfer, credit/debit cards, e-wallets, crypto |
| Markup spreads possible | Yes |
| Sub IB Program | Yes (multi-level commissions available) |
13. FBS
FBS offers an Introducing Broker (IB) program that will pay you competitive commissions and it comes with a range of marketing tools to suit most endeavors.
The program has been structured in a way that allows you to explore various marketing strategies while getting strong support from the broker. FBS is another highly reputable broker, regulated in multiple jurisdictions, including Belize (IFSC).
They are visibly committed to client support, and their architecture has earned them recognition in the industry to date.
| Feature | Details |
|---|---|
| Commission per lot | Commissions up to 43% of the brokers income |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader |
| Forbidden countries | USA, EU, and certain other jurisdictions |
| Payout frequency | Daily |
| Minimum clients | No minimum requirement |
| Regulation | IFSC (Belize) |
| Cookie duration | 30 days |
| Payment methods | Bank transfer, credit/debit cards, Skrill, Neteller, Perfect Money |
| Markup spreads possible | Yes |
| Sub IB Program | Yes (multi-level, down to 1 tier 20% commission) |
14. VT Markets
VT Markets makes the list with up to $17 per lot, dual ASIC/SVG regulation, three platform options, and comprehensive partner support that facilitates effective marketing strategies.
The program comes with comprehensive support for partners, and will afford you the ability to try various marketing approaches to generate interest. VT Markets is a very reputable broker, regulated in multiple jurisdictions, including Australia (ASIC) and Saint Vincent and the Grenadines (SVG).
Their demonstrated commitment to transparency and great client support has earned them wide recognition in the industry.
| Feature | Details |
|---|---|
| Commission per lot | Up to $17 per lot, depending on account type and trading volume |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader, TradingView |
| Forbidden countries | USA, Singapore, Russia, and jurisdictions listed on the FATF, and other jurisdictions |
| Payout frequency | Daily |
| Minimum clients | No minimum requirement |
| Regulation | FSP (Australia), FSCA (South Africa), FSC Mauritius |
| Cookie duration | 30 days |
| Payment methods | Bank transfer, credit/debit cards, e-wallets |
| Markup spreads possible | Yes |
| Sub IB Program | Yes (multi-level commissions available), 1 level |
15. FXGT
FXGT earns inclusion through its unique forex-crypto hybrid offering, FSCA/VFSC regulation, crypto payment options, and innovative trading solutions that attract modern, tech-savvy traders. The program provides competitive commission structures, and supports partners with comprehensive marketing materials and analytics.
FXGT operates with regulatory oversight and has built a reputation for dynamic, innovative trading solutions.
| Feature | Details |
|---|---|
| Commission per lot | Variable, based on trading volume |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Forbidden countries | USA, Canada, and certain restricted jurisdictions |
| Payout frequency | Daily |
| Minimum clients | No minimum requirement |
| Regulation | FSCA (Seychelles), VFSC (Vanuatu) |
| Cookie duration | 30 days |
| Payment methods | Bank transfer, credit/debit cards, e-wallets, crypto |
| Markup spreads possible | Yes |
| Sub IB Program | Yes (multi-level commissions available) |
16. IC Markets
IC Markets deserves its ranking as a leading ECN broker with triple regulation (ASIC, CySEC, FSA), tight spreads and fast execution that help IBs retain clients through superior trading conditions. The firms’ Partners Portal contains a vast array of marketing material including banners, logos, widgets and infographics, and is available in 10 different languages.
IC Markets is regulated in multiple jurisdictions and is recognized as one of the leading ECN brokers globally.
| Feature | Details |
|---|---|
| Commission per lot | Variable, based on trading volume and account type |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
| Forbidden countries | USA, Canada, and certain restricted jurisdictions |
| Payout frequency | Daily |
| Minimum clients | No minimum requirement |
| Regulation | ASIC (Australia), CySEC (Cyprus), FSA (Seychelles) |
| Cookie duration | 30 days |
| Payment methods | Bank transfer, credit/debit cards, e-wallets |
| Markup spreads possible | Yes |
| Sub IB Program | Yes (multi-level commissions available) |
17. PU Prime
PU Prime (formerly Pacific Union) makes the list with competitive variable commissions, dedicated account managers, comprehensive analytical tools, and VFSC regulation; ideal for IBs looking to build and grow their trader networks.
The program features an intuitive IB portal with real-time reporting and customizable tracking to help partners monitor client activity and optimize their strategies..
Flexible commissions and daily payouts round out the deal. PU Prime is regulated, and has established itself as a reliable broker with quality execution.
| Feature | Details |
|---|---|
| Commission per lot | Variable, based on trading volume |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Forbidden countries | USA, Canada, and certain restricted jurisdictions |
| Payout frequency | Daily |
| Minimum clients | No minimum requirement |
| Regulation | VFSC (Vanuatu) |
| Cookie duration | 30 days |
| Payment methods | Bank transfer, credit/debit cards, e-wallets |
| Markup spreads possible | Yes |
| Sub IB Program | Yes (multi-level commissions available) |
18. IQ Option*
IQ Option offers an IB program focused on options and CFD trading, and earns its position through massive retail popularity, CySEC regulation, a user-friendly proprietary platform, and strong brand recognition. The program is built to support partners with various marketing tools and comprehensive analytics dashboards, alongside attractive commission structures..
Popular in the retail trading fraternity, IQ Option has built a substantial user base and is known for its user-friendly platform.
* IQ Option (and Exnova) do not provide traditional MT4/MT5-based IB programs. Their partnerships are operated via affstore.com, a third-party affiliate network offering CPA/revshare rather than per-lot rebates. This increases counterparty risks.
| Feature | Details |
|---|---|
| Commission per lot | Variable, based on trading activity |
| Platforms | IQ Option proprietary platform |
| Forbidden countries | USA, Canada, and certain restricted jurisdictions |
| Payout frequency | Daily |
| Minimum clients | No minimum requirement |
| Regulation | CySEC (Cyprus) |
| Cookie duration | 30 days |
| Payment methods | Bank transfer, credit/debit cards, e-wallets |
| Markup spreads possible | Yes |
| Sub IB Program | Yes (multi-level commissions available) |
19. Exnova*
Exnova makes the list for its competitive commissions, accessible trading conditions, and marketing resources. The program offers marketing and analytical tools to help partners optimize their client acquisition strategies.
Being unregulated, Exnova has attracted some bad press, but it broadly operates with a focus on providing accessible trading conditions for clients. You’re advised to test the waters here first before diving in feet first.
* Exnova (and IQ Option) do not provide traditional MT4/MT5-based IB programs. Their partnerships are operated via affstore.com, a third-party affiliate network offering CPA/revshare rather than per-lot rebates. This increases counterparty risks.
| Feature | Details |
|---|---|
| Commission per lot | Variable, based on trading volume |
| Platforms | Exnova proprietary platform |
| Forbidden countries | USA, Canada, and certain restricted jurisdictions |
| Payout frequency | Daily |
| Minimum clients | No minimum requirement |
| Regulation | Ostensibly unregulated |
| Cookie duration | 30 days |
| Payment methods | Bank transfer, credit/debit cards, e-wallets |
| Markup spreads possible | Yes |
| Sub IB Program | Yes (multi-level commissions available) |
20. InstaForex
InstaForex rounds out the top 20 with its long operational history, substantial international client base, multiple earning opportunities including revenue sharing, and extensive marketing materials for established IBs. The all-embracing IB program provides great analytical tools and dedicated, helpful support for partners.
InstaForex has been operating for many years and has built a substantial international client base.
| Feature | Details |
|---|---|
| Commission per lot | Variable, based on trading volume and account type |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Forbidden countries | USA, Canada, and certain restricted jurisdictions |
| Payout frequency | Daily |
| Minimum clients | No minimum requirement |
| Regulation | Multiple jurisdictions |
| Cookie duration | 30 days |
| Payment methods | Bank transfer, credit/debit cards, e-wallets, crypto |
| Markup spreads possible | Yes |
| Sub IB Program | Yes (multi-level commissions available) |
What Is An Introducing Broker Program?
An Introducing Broker (IB) Program is a partnership between a broker and an individual or entity (the Introducing Broker) who refers clients to the broker. In return, the IB earns commissions based on the trading activity of the referred clients, as well as (usually) a small spread markup too.
These programs are prevalent in forex and CFD trading, offering various earning opportunities such as:
- Commission per lot traded.
- Revenue share from spreads or swaps.
- Markup on spreads.
- Earnings from sub-IB networks.
- Additional IB fees.
Each broker has its unique offerings and subtle tweaks to the basic offer, and the whole concept of IBs supports lead generation and onboarding of new clients.
These programs from the brokers allows you to earn money through other traders, and rewards you for the service you provide to the clients you bring to the trading platform.
What is a Master IB In Forex?
A Master IB (Master Introducing Broker) is an experienced IB who not only refers traders but also recruits and manages a network of Sub IBs. This role is more managerial and often includes providing training, support, and strategic guidance to sub-partners on top of services to trading clients.
Let’s say you’re a Master IB and you have:
- 5 Sub IBs, each referring 10 traders.
- Each trader generates $5 in commission per lot traded.
- Each Sub IB earns $2.50 per lot, and you (as Master IB) earn a 10–30% override on their earnings.
- Each trader trades 50 lots/month.
- That’s 10 traders x 50 lots = 500 lots/month per Sub IB.
- Sub IB earns 500 x $2.50 = $1,250/month.
- You earn 20% override = $250/month per Sub IB.
- With 5 Sub IBs, you earn $1,250 passive income/month, just from your network.
Master IBs can scale significantly by building a solid structure of active, motivated Sub IBs, but you need a good reputation for valuable support services, and long term commitment your trading clients and Sub IBs alike.
See here our video about Master IBs and the programs in Forex:
What is a Sub IB In Forex?
A Sub IB (Sub Introducing Broker) is someone who works under a Master IB or senior IB and refers clients to the broker, often receiving part of the commission structure offered by the broker or the Master IB.
Sub IBs are often just getting started or prefer a smaller role, sometimes with less marketing responsibility (or no website).
Let’s say you become a Sub IB under a Master IB:
- Your Master IB gives you a custom link.
- You refer 5 traders.
- Each trader trades 100 lots/month.
- The broker pays $5 per lot, and you receive $2.50 per lot, and your Master IB gets a percentage of your share (e.g. 20%).
That’s:
- 5 x 100 x $2.50 = $1,250/month in earnings for you.
- The Master IB earns $250/month from your efforts.
Managing Sub IBs is a great way of growing your reach, especially if you don’t want to deal with heavy setup or manage everything yourself, while becoming a Sub IB is a great starting point for many.
- Best IB Program for FX Rebates
- Earn Up To $2.4 or 6 Points per 1 Lot
- Personal Support
- Up to 5 Sub-IB Levels
- Multi-Regulated Broker
How to Find The Best Forex Introducing Broker Program?
Not all IB programs are created equal, and when choosing the right program, consider the following:
- Reputation of the broker: Ensure the broker is regulated, trustworthy, and has a strong track record (look for reviews and community feedback).
- Commission structure: Check how much the broker pays per trade, spread rebate, or lot (most will offer multi-level commissions through sub-IBs).
- Available countries: Some brokers restrict IB partnerships in certain regions due to regulatory reasons.
- Trading platforms offered: Make sure the broker supports popular platforms like MT4, MT5, or cTrader if your clients prefer them.
- Tools and Support: Good IB programs offer a dashboard, marketing tools, reporting features, and account managers.
- Client experience: Fast withdrawals, low spreads, and good customer support help retain your clients, which means better long term earnings for you.
- Payment methods and frequency: Weekly or monthly? Bank transfers, crypto, or e-wallets? Pick what suits your needs best.
Are all Introducing Broker Programs Legit?
No. While many brokers offer legitimate IB programs, some (smaller) scam brokers exploit IBs by:
- Promising high commissions and not paying out.
- Misleading clients, which damages your reputation.
- Locking you into a non-transparent agreement.
- Stealing commissions from IBs
- Remove clients from the IBs client list
- Remove deposits from the clients
Always do due diligence, check their regulation and payment history, and especially online reviews from others before signing up.
What are the Benefits And Disadvantages of an Introducing Broker Program?
Pros
- Passive income potential
- Security
- Flexibility
- Scaling
Cons
- No autonomy
- Strong competition
- Lack of control
- Barriers to entry
Pros
- Passive income potential: That all-elusive passive income that financial advisors keep advocating becomes a legitimate reality as an IB.
- Security: There is no need for you to handle client funds, which keeps you free of any involvement in lost or missing money or other unpleasant allegations.
- Flexibility: As an IB, you can literally work from anywhere in the world with a laptop and an internet connection.
- Scaling: You can scale relatively easily with sub-IBs and persistent marketing, and it’s not hard to get to a lifestyle-sustaining income within a year or two.
Cons
- No autonomy: You’re dependent on the broker’s reliability and good conduct, which is why it pays to stick to the most reputable options outlined above.
- Strong competition: It’s a competitive market, and there are a host of voices in all avenues where traders and potential traders abound, competing for their attention.
- Lack of control: In spite of your best efforts, clients may leave or switch brokers for any number of reasons, and this is largely out of your control.
- Barriers to entry: Some brokers require initial clients to get started, and this prevents you from jumping into the deep end and building a base while being able to offer that brokerage as a trading destination.
How to Join an Introducing Broker Program?
Here are the typical steps taken in becoming an IB:
- Choose a broker: Select one that aligns with your goals and offers a good IB program.
- Apply online: Fill out an application form with your personal or business details.
- Verify your identity: Submit the required KYC documents.
- Receive tracking tools: Get your referral link, banners, and dashboard set up.
- Start promoting: Attract clients through online or offline channels.
- Earn commission: Get paid based on your clients’ trading activity.
Which type of KYC and Regulation is needed for a Forex Introducing Broker Program?
You’ll need to provide the very basic and essential KYC details in order to register as an IB, and regulation essentially falls to the broker, not you (unless you reside and do business in the USA).
- KYC: Both individuals and companies must provide identification (passport, proof of address, etc.).
- Regulation: Generally, you don’t need to be regulated to be an IB outside the USA, but:
- In the USA, you may need to register with the NFA (National Futures Association) and comply with stricter requirements.
- Outside the USA, most brokers allow IBs to operate without formal regulation.
How Many Customers Will I Need to Join an Introducing Broker Program?
The answer to this question depends on the broker, as some brokers will:
- Accept IBs with zero clients, giving you time to build up a client base.
- Require at least 1–5 active clients.
- Only work with IBs who already have a network or proven traffic.
- Best IB Program for FX Rebates
- Earn Up To $2.4 or 6 Points per 1 Lot
- Personal Support
- Up to 5 Sub-IB Levels
- Multi-Regulated Broker
How Much Money Can You Earn through an Introducing Broker Program?
With a modest base of, say, 10 traders that you have signed up and which trade regularly, you can earn around $1,000 every month (perhaps more depending on volume and fee-splitting details, and perhaps even more if you’re allowed to mark up the spread).
Of course, a very lethargic IB with a lacklustre group of traders beneath him might earn substantially less, but by the same token, an IB with a few Sub IBs and an aggressive marketing and support approach might earn thousands more each month.
IB earnings can vary based on:
- Client trading volume.
- The broker’s spread/commission.
- Your deal as an IB (profit share or markup).
In one example, let’s say that:
- 10 clients trade 1 standard lot daily.
- The broker pays $5 per lot.
- Monthly, 10 clients x 20 trading days x $5 = $1,000/month.
In another scenario:
- You add a 0.5 pip markup on spread.
- Clients trade 500 lots per month.
- Your markup earns you $2.50 per lot.
- Monthly, 500 x $2.50 = $1,250/month.
For further calculation of the IB commission, you can use our Forex Rebate Calculator on WR Trading.
How High are the Rebates in Introducing Broker Programs?
The rebates you’ll garner as an IB usually range from $2 to $15 per standard lot, and some brokers pay a percentage of spread or commission (30–60%).
You can also mark up spreads or commissions, depending on the broker’s policy (almost all of the brokers listed above allow for spread markups, at least).
Can You Add Markup Spreads to Your Referred Clients?
Yes, although not all forex brokers allow it, those that do will allow you to:
- Add a fixed pip markup.
- Set different rates for different clients.
- Offer custom deals in exchange for mentoring, analysis, or trading signals (tips).
Whatever your broker allows, the markup is paid in full to you as the IB – markups are all yours.
How to Earn Money by Finding Sub IBs?
Most programs offer a multi-level IB structure, and it works like this:
- You (Main/Master IB) recruit a Sub IB (or a few Sub IBs), which means you approach other traders who might want to join the program..
- The Sub IB recruits traders, as you too continue your own recruitment efforts (of both traders and Sub IBs).
- You earn a percentage of the Sub IB’s commission (usually around 10–20%) when they successfully get someone to sign up with your chosen broker, since they are now signing up “under” you.
This is akin to network marketing models that are employed in a host of other industries, and you can build a team with multiple levels once you’re in the swing of things (it’s a great way to scale your earnings).
Can You Earn Passive Income by Joining an Introducing Broker Program?
Yes! Once your clients are actively trading, you earn passive commission every time they trade, even if you’re not doing anything.
With recurring revenue and sub-IBs, it becomes a sustainable passive income stream, especially if you manage to find loyal, high-volume traders.
What are the Best Sources to Find Clients for an Introducing Broker Program?
There are several effective ways to find and convert clients:
- Social Media: By posting valuable, authoritative trading content on platforms like Instagram, Facebook, or TikTok’s trading pages, IBs can generate an audience from which some legitimate new traders will emerge.
- SEO: IBs can create content-rich websites or blogs on forex education, giving their acumen away freely, to generate the authority that will allow them to gain sign-ups from their following.
- PPC ads: Pay-per-click ads (like Google ads & Facebook ad options) will generate a small return, which will be sufficient over the longer term to build up a base of referred traders.
- YouTube: IBs can also start a YouTube channel sharing trading tutorials and strategy breakdowns that will, again, generate the authority to enable them to direct clients to their chosen broker, ideally in a highly transparent and substantiated way.
- Offline events (seminars, meetups, community events).
- Telegram/Discord Groups: Joining conversations on these platforms can elicit potential clients too, if you’re prepared to put in the hours needed to be active in group chats.
- MetaTrader Copy Trading Platforms: Here, you’ll offer strategies while redirecting followers to your broker.
- Email marketing: Emails to a trading audience can be intimidating for some, but email marketing is still highly effective and you’ll get a higher percentage of legitimate responses from the methodology.
- Best IB Program for FX Rebates
- Earn Up To $2.4 or 6 Points per 1 Lot
- Personal Support
- Up to 5 Sub-IB Levels
- Multi-Regulated Broker
Introducing Broker Program vs Forex Affiliate
An IB is in for the long haul, and their money comes from regular contact with their referred clients, coaching them in their trading, from which they take a small cut of the fees.
A Forex affiliate generates their once-off fee (mostly CPA) from a hyperlink, through which anyone can sign up to the advertised brokerage after being persuaded to do so by the affiliate’s marketing efforts.
| Feature | Introducing Broker | Forex Affiliate |
|---|---|---|
| Payment model | Revenue share/spread rebate | CPA (Cost Per Acquisition) |
| Earnings | Ongoing, passive income | One-time payout |
| Client relationship | Closer, often involves mentoring | Less personal |
| Ideal for | Educators, signal providers, networks | Bloggers, PPC marketers, mass traffic |
Remember, IBs earn from their traders’ trading activity, while affiliates get paid only when the client signs up and deposits.
