Become Our Partner!
An Introducing Broker (IB) is a broker who has a direct relationship with a client, but delegates the work of the floor operation and trade execution to a merchant. The merchant firm is a close partner of the IB.
This enables increased efficiency and decreases the work load for binary option brokers. It allows the IB to focus on the client while the binary options merchant focuses on trading floor operations.
TradersRoom offers an outstanding opportunity to qualified introducing brokers. Our IB program supports brokers, traders and industry participants in creating or enhancing a lucrative Forex or Share Trading business.
Advantages of introducing business to TradersRoom include:
• Outstanding compensation based on trading volume. Many companies and individuals have built lucrative IB businesses with TradersRoom, enjoying the benefits of monthly revenue payments while letting TradersRoom manage the expense and maintenance of back office systems, trading software, and an active 24 hour dealing room. As for IBs with an existing business, moving your business to TradersRoom will enable you to exceed your current compensation schedule.
• Reliable monthly payments from an industry leader. TradersRoom depends on on IBs for for a very large part of its trading volume. As such, we highly value all our IB relationships and have considerable administrative resources dedicated to making sure you are paid on time and in full.
• Refer accounts to Spot Option or Build Your Own Brand. Whether referring clients to TradersRoom, or taking advantage of our "white label" version of the internet trading platform branded with your company logo, IBs can build their business in a way that best suits their client base and their goals.
• Advanced and secure online reporting. With TradersRoom, you can effectively manage your marketing process and expected monthly IB payment by lusing your login to access TradersRoom online reporting system. This will allow you to run reports on your clients' trading activity, and view their account details.
• Managed Accounts/Trading Managers. Introducing brokers who manage clients' accounts or refer clients to a trading manager can also benefit from Spot Option's IB program. IB's with managed account clients can enhance their monthly remuneration from Spot Option by earning a round-turn commission and/ or profit-sharing fee, both of which can be specified in a client's Limited Power of Attorney.
• Ease of account funding. We believe it is important to make it as easy as possible for you clients to open and fund a trading account. Spot Option accepts funds via bank wire transfer, major credit card, Western Union and PayPal.
• Higher Approval Rate. The introducing broker market has become very competitive. The clearing firms are becoming more and more selective in the approval process for IB's. Not everyone gets accepted. That's where we come in. We are willing to work with a wider spectrum of potential IB's, so your chances of getting accepted increase dramatically.
• Free Training. If you become an IB through our firm, we will provide you with free training so that you can increase your account closing rate and, therefore, your profitability. We will train you so that you can offer your traders practical trading strategies as incentives to opening accounts with your firm. This includes the ability to provide live internet based training sessions to your customers as well various other educational materials
• Support from a Winning Organization. We have helped many individuals and institutions all over the world become successful introducing brokers. From individuals to money managers, we have helped many establish their own IB operation. We can do the same for you.
• We know what you need to do to succeed. We know what you need to do to succeed and can help you immensely in this respect. Our guidance can become the critical factor that makes your IB business successful. We can save you or your company a lot of money and time by either assuring that your marketing plans are appropriate or putting together a plan of attack that can take you to the next level in this industry.
If you are interested in being an Introducing Broker for Spot Option, please contact Oren Shabat, VP of Business Development, in order to get your IB relationship with Spot Option started as quickly as possible.
Businesses that are good candidates to become Introducing Brokers.
You might be asking yourself, "What types of businesses can take advantage of the Binary Option IB program?" In reality, any individual or organization that has (or has the means to obtain) the proper contacts can become a successful Introducing Broker. To give you a basic idea, we have provided below just some examples of businesses and individuals that can establish a successful Binary Option brokerage business [These are by no means the only possibilities. If you don't see your category below, don't worry – contact us to see if you qualify]:
• Trusted salesperson with affluent client base
• Influential people with large contact bases• Successful stock, futures, options or currency traders
• Successful forex traders that want to become money managers
• Insurance companies or brokers
• Independent investment adviser or financial planner
• Stock or futures brokerage company or investment advisory firm
• Popular financial websites
• High-traffic websites
• Asset management firms
• Money managers
• Hedge funds
• Trading rooms
• Advertising firms
• Presidents or owners of investment or trading clubs
• Organizers of financial seminars
• Well-known investment professors
• Real estate brokers or mortgage firms
• Companies with large client bases
• Personal adviser for influential people (actors, sports stars, executives, etc.)
• Attorneys, accountants and other business professionals with wealthy clients
We are looking for qualified businesses and individuals throughout the world that want to take advantage of the rapid growth of the binary options market via an introducing broker relationship.
The business does not have to be in the United States. In fact, there are many countries throughout the world where the demand for binary options is huge.
Contact our Introducing Brokers team today at: media@tradersroom.com
