I recently came across an IB who is an IB for another IB. Has the forex brokerage business hit a wall?
How many legitimate brokers are in forex?
Ignored
haha! I'm actually an IB for an IB as well!!! this is what i love about the forex game... ANYTHING GOES! you can do pretty much whatever the hell you want. so the amount of money you make is limited only by your own creativity about how work all this stuff in your favour.
i must admit that some of the IB arragements mirror multi-level marketing, whether that's a good thing or bad thing depends on personal opinion i suppose. a broker who engages in this marketing strategy can still be perfectly legitimate.
there are many legitimate forex brokers but you do need to do your due dilligence to determine which ones they are.
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Joined May 2006
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Status: Currency Speculator
|159 Posts
Quoting mrcooldude
Disliked
haha! I'm actually an IB for an IB as well!!! this is what i love about the forex game... ANYTHING GOES! you can do pretty much whatever the hell you want. so the amount of money you make is limited only by your own creativity about how work all this stuff in your favour.
i must admit that some of the IB arragements mirror multi-level marketing, whether that's a good thing or bad thing depends on personal opinion i suppose. a broker who engages in this marketing strategy can still be perfectly legitimate.
there are many legitimate forex brokers but you do need to do your due dilligence to determine which ones they are.
Ignored
This is probably one of the reasons why people want the forex market to meet some type of regulation like the futures market.
