Advantages of Forex IB

In most of the financial markets you can find a broker that is involved in receiving orders from retail and corporate customers. In the foreign exchange market or FOREX, the broker acts as the intermediary between its customers and the inter-bank market where the currencies are actually traded. An introducing broker or IB is one who does not hold the customer funds or securities but who guides customers and transactions to a clearing broker. Function of an introducing broker may include: attracting new clients to an asset supervising company, assisting with the marketing services, conducting dedicated seminars and lectures, counselling clients on the correct usage of software, explaining the structure and functions of company’s website to clients and further providing clients with necessary technical and training support. 

Foreign exchange is one of the biggest and lucrative markets in the business sector. Despite of the fact that this trading market does not hold any central exchange or physical trading grounds, still Forex currency trading occurs over the counter and in real time. Any person who has contact with other individuals and companies and is interested in investing on the currency Forex market can easily become a Forex IB. The best part about this profile is that it allows you to work easily from home at any time, along with managing and creating your own clientele and accounts. Some other advantages of becoming a Forex IB are:

• You can have your own clients and get a commission from their trading activities. However, your clients should not be discouraged about this fact as the commission is not a portion of their earnings, but a cut from the Forex broker to which your clients are referred.
• Managing your client’s Forex accounts by increasing the demand of your clients for other investment opportunities.
• Getting a free and detailed training on the use of the f-x trading software through the use of Forex trading books, which outline how to analyze currency trading charts, and use other Forex trading tools. 

Spot FX, which is also known as short for single payment option can be easily purchased over-the-counter market and modified to long or short terms depending your needs and the projected attitude of the buyer. However, the value of Spot FX options varies according to the retort in movements in the applicable market exchange rates. Moreover, these items often have a higher cost or premium due to their convenience and ease of purchase, which can only be exercised upon expiration.