Any individual or
company that is interested in currency trading needs to have contacts with
various currency traders to become a Forex Introducing Broker. This business is
quite suitable for financial advisors, successful traders, estate agents and
banking officers. Additionally, people that hold a good reputation in trading
can also gain success in Forex trading. As an introducing broker, you can enjoy
various benefits when compared with regular traders. As a broker, you are
entitled to receive a fixed amount on commissions on almost all the trades. You
are paid by the currency exchange broker based on the volumes of trades that
you perform every day. Some of the important functions of Introducing
brokers include attracting new clients to an asset management company,
conducting specialized lectures and seminars, explaining the structure and
functions of the company’s website to the client, advising clients on the use
of software and providing them with necessary training and technical support.
When talking about
white labeling, it is defined as a form of affiliate selling in which a
merchant decides the techniques through which they want to and can increase their
turnover. A white label website usually has full range of ready to sell stocks
and hence can offer various advantages to institutions that are considering
marketing their own brand. This can be an easiest way to gain rapid access to
the dynamic world of foreign exchange, bullions, futures and options. Some of
the impeccable advantage of Forex white labeling are,
it assist in getting a quick entry to the market place, no additional cost for
hardware maintenance, solutions for back office, dealer and middle office
solutions at no additional cost and technology support. However, there are
certain requirements that have to be fulfilled before signing a white label
agreement. This might on an average take about 2-5 working days for necessary
approvals.
