An Introducing Broker (IB) is a person or a company which refers clients to OctaFX. As long as these clients trade, the IB receives money from OctaFX. It is a wide spread model, which is mutually profitable for both broker and IB.
Each time your client performs a trade, you get a certain fixed amount per lot traded. The amount depends on your IB rank.
| Your IB rank | Number of your active clients | Commission per lot traded |
|---|---|---|
| 1 | 0 — 4 | 1 USD per lot |
| 2 | 5 — 14 | 3 USD per lot |
| 3 | 15 — 29 | 6 USD per lot |
| 4 | 30 — 59 | 9 USD per lot |
| 5 | 60 — 99 | 12 USD per lot |
| 6 | > 100 | 15 USD per lot |
At the very beginning, each new client brings you 1 USD per lot. As your network grows, you reach next IB rank. Once you have five active clients, each of them will bring you 3 USD per lot. As you reach sixty active clients (which usually takes 1-2 months of active promotion), your commission will rise to 10 USD per lot. Now this is some serious money!
There is a number of good old ways to attract clients and make them open accounts via your referral link. Here are some of them: post your referral link in forums, social networks and blogs. Be an active participant in forum discussions, our groups in Facebook and Twitter, talk to people, answer their questions. Alternatively, you can create your own website and promote your referral link in your own language in your country.
Withdrawal request may take up to 3 business days, while usually it takes 1-2 hours.
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