IB Portal was launched for Introducing Brokers and/or Money Managers who are interested in taking part of the rapidly growing Forex industry. It is important for you to understand the opportunity that exists.

There is no other business opportunity that will provide you unlimited income potential with such a minimal investment. Becoming an Introducing Broker for Forex is a very simple process, substantially different than launching an IB for commodities and futures. Launching an IB is the same as any other business. You are your own boss. You set your own schedule. You build from the ground up. You sacrifice. You reap the rewards of a successful business owner.  This industry is ideal for entrepreneurs and experienced sales professionals. Ambitious individuals, outgoing personalities and business professionals will thrive in this environment. Based on our experience, those working in the following professions have done extremely well.

Actors

Accountants

Advertising

Attorneys

Business owners

Entrepreneurs

Financial Advisors

Financial Services

Insurance

Mortgage brokers

Real estate

Retail

Sales Professionals

Stockbrokers

Telesales Professionals

*Regardless of your current profession, anyone can be successful especially if you’re ambitious, self motivated, persistent and competitive.  

Introducing Broker – Forex

The Foreign Exchange market is an over-the-counter market. There is no centralized exchange, therefore, it is far too difficult to regulate. How can you regulate a central bank, such as the Bank of England? You cannot. The National Futures Association and Commodity Futures Trading Commission do their best to protect the consumer by regulating “marker makers”, which are effectively known as Futures Commission Merchants (FCM). FCMs solicit orders to buy or sell Forex contracts (lots) and accept funds from customers to support such orders. All customer funds are deposited, held and cleared by the FCM. Introducing Broker will never hold customer funds.

1.Complete the questionnaire on IB Portal – “Getting Started” – Or choose an FCM.

2. A representative from the FCM will send you an Introducing Broker Application.

3.There are no NFA registration requirements. Therefore, you do not need a Series 3 license or pay any membership fees.

4.Once you complete and send your IB Application to the FCM, their Compliance Department will review your application and approve or deny your application.

5.This process takes less 48 hours. If approved, you may begin to solicit business. There is no deposit requirement.

What is the initial cost to become an Introducing Broker in Forex? The answer to that question is ZERO. However, we recommend investing into your own business. How? See web page “Successful Introducing Brokers”.

IB Portal is for Introducing Brokers for the Forex market. It is important to understand how low the barrier to enter this industry is. The cost of becoming an IB in Forex is ZERO, whereas the cost of becoming an IB for commodities and futures is in the tens of thousands of dollars.

IB Portal has broken down the necessary steps for IBs who are interested in offering commodities and futures to their clients. Clearly, you can see why the Forex market has grown so rapidly. Unlike becoming an Introducing Broker for commodities, the barriers of entry are nonexistent, the cost is minimal, if any depending on how fast and how big you want to grow your business and FX is the hottest financial market and is still in its infancy stages. Income potential is limitless, but even more important, realistically; a six figure annual income in your first year is certainly attainable. It is very exciting, and you can see why we are so enthusiastic.

Introducing Broker – Commodities & Futures

For the past 30 years, IBs have been introducing the commodities and futures markets. An Introducing Broker is an individual or organization which solicits or accepts orders to buy or sell futures contracts or commodity options but does not accept money or other assets from customers to support such orders. There are two types of Introducing Brokers for commodities and futures.

1) Independent Introducing Broker

2) Guaranteed Introducing Broker

An Independent Introducing Broker (IIB) is subject to minimum capital and financial reporting requirements. The advantage is IIB may introduce clients to any FCM. The IBs clients may prefer one FCM’s trading platform over another. The client may get better fills or better prices on their trades. The drawback for the IIB, is they must meet the minimum financial requirements, which as of July 2006, increased from $30,000 to $45,000.

A Guaranteed Introducing Broker (GIB) can only introduce their clients to one FCM.  An Introducing Broker whose operations are guaranteed by an FCM. GIB has no minimum capital or financial reporting requirements. All of the accounts of a guaranteed introducing broker must be carried by the guaranteeing FCM. However, the FCM will require a deposit from the GIB, typically anywhere from $2,500 to $10,000. The disadvantages are the FCM may charge higher commissions to the IBs clients. The customer service might not be up to par. The GIB is limited to working with just one FCM.

In order to become an Introducing Broker for commodities and futures, you must meet several requirements.

All principals (owners/operators) must be registered with the National Futures Association. The principal must take and pass the Series 3 examination.

1) Series 3 study materials may be purchased for $150 at .www.stcusa.com

2) Register with FINRA to take Series 3 examination. The form can be found by assessing the following link, FINRA Series 3. Principals must complete the U-10 form and pay a $95 registration fee.

3) Upon passing the examination, principals will need to submit an application, Form 7-R, along with two fingerprint cards ($20), to the National Futures Association. The registration fee is $200, non-refundable. The NFA will perform a thorough criminal and financial background check. If approved, you must then determine whether you will be a Guaranteed or Independent Introducing Broker.

4) If you decide on becoming a Guaranteed IB, you must determine which FCM you want to work with. The FCM will conduct an in-house background check to determine if you qualify and they want to take you on as Introducing Broker. FCMs will meet the financial requirements on the Guaranteed Introducing Broker’s behalf. Therefore, some FCMs have strict policies on which Introducing Brokers they will sponsor. 

5) As indicated above, Guaranteed Introducing Brokers will still be required to make a deposit, anywhere from $2,500 to $10,000. Independent Introducing Brokers must meet the minimum financial requirement of $45,000.

6)This process typically takes 30-60 days before the Introducing Broker, Guaranteed or Independent is ready to conduct business. Typically, the compliance officer of the FCM will visit with Introducing Broker to review compliance procedures, i.e. anti-money laundering, business ethics, compliance procedures, etc. All members of the National Futures Association will be audited once a year.

7. All Introducing Brokers will be required to pay a $750 annual membership fee to the National Futures Association.