I have seen a few ads where an offer is made if you sign up with a certain forex broker, they will offer you a rebate based on number of pips you trade per month, or other incentives. When I asked a broker about this, they would not provide me contact info. for companies that offer promotions for them. Does anyone know a way to find out how to contact companies that offer promotions for forex brokers, and if so, how to contact them? Right now, I'm considering either forex.com, gft, or ibfx.
- #4
- Last Post: Apr 7, 2006 10:04pm Apr 7, 2006 10:04pm
They ads that you might have seen are not ran by the market maker, but by the IB.
IB is an Introducing Broker, they get paid for driving clients (traders) to the market maker. They get paid eather 'per client' and/or 'per trade' that the clients put through.
So the IBs are the guys that will actually give your rebates on your trades. They way more anyway.
Think of IB programs as an affiliate program.
An affiliate program where the affiliate will pay you part of him commission.
I think its kind of dirty, but hey, we all need to pay mortgage.
I do not like and never did join a market maker via an IB, its just extra spread for you dude.
Oanda! is the way to go, they do not have IB programs, so the spread is tight!
Best of all,
Alex
IB is an Introducing Broker, they get paid for driving clients (traders) to the market maker. They get paid eather 'per client' and/or 'per trade' that the clients put through.
So the IBs are the guys that will actually give your rebates on your trades. They way more anyway.
Think of IB programs as an affiliate program.
An affiliate program where the affiliate will pay you part of him commission.
I think its kind of dirty, but hey, we all need to pay mortgage.
I do not like and never did join a market maker via an IB, its just extra spread for you dude.
Oanda! is the way to go, they do not have IB programs, so the spread is tight!
Best of all,
Alex
I have seen a few ads where an offer is made if you sign up with a certain forex broker, they will offer you a rebate based on number of pips you trade per month, or other incentives. When I asked a broker about this, they would not provide me contact info. for companies that offer promotions for them. Does anyone know a way to find out how to contact companies that offer promotions for forex brokers, and if so, how to contact them? Right now, I'm considering either forex.com, gft, or ibfx.