Introducing Brokers - Why should you become one?

Your benefits

* Provide your customers and contact with access to the freedom that comes from actively trading their own money online on secure forex trading platforms.

* Increase the number of investment and money-making opportunities you offer your clients and network, which in turn improves the scope and reputation of your own business and can lead to greater client retention levels.

* You are paid a commission based on the trading volume of the clients you refer. For your clients, this doesn't mean that they pay more. You are remunerated exclusively by the forex broker out of his profit from your referred clients.

* You can receive daily reports on the commissions you generate through the clients you refer to your forex broker. This enables you to monitor the growth of you new business online, 24 hours a day.

* You can take advantage of the explosive growth in the demand for alternative investments by offering your high-net worth clients a managed forex account. By introducing clients to a managed forex account, you gain because their investments are being managed by professionals and this increases your reputation as a quality financial services provider.

* It's easy to get started as an Introducing Broker. In fact, if you simply decide you want to introduce clients for a commission based on their trade volume (which is the most popular type of Introducing Broker agreement), then all you need is a relationship with a couple of forex brokers.

* You can leverage the potential in your existing customer base or commercial relationships by constantly improving the level and depth of financial services you provide.

* Your clients often gain better service from you (if you choose to manage your relationship with them directly. The reason for this is that most forex brokers are international and that means that they may not have the in-depth expertise or understanding of your clients specific needs as you do. This improves your service offering and assists in building client loyalty.

* Your own Swiss bank account. A few forex brokers even provide Introducing Brokers with their own Swiss bank account where all commissions are paid. The advantages of having your own Swiss bank account are well known, but there are some great free guides to Swiss banking on the net.

Your clients' benefits

* Your clients can trade forex whenever they choose. The forex market is the most liquid and most actively traded market in the world. This means that 24 hours a day from Sunday evening 22:00 CET until Friday evening 22:00 CET they can decide for themselves when they want to trade and when they want time off.

* Your clients get free account management services to make their online forex trading even easier. All reputable forex brokers provide a complete back office (account management) system, free of charge to all clients.

* Your clients can diversify their investment into online forex trading. More and more investors and traders choose to spread their risk by investing in a number of capital market products, such as stocks, forex, futures etc.

* Your clients do not have to be investment wizards. Anyone can learn how to trade forex in a few hours. In fact, most forex brokers provide in-depth training in how to use their systems.

Getting started as an Introducing Broker

Make sure that the forex broker you choose to become an Introducing Broker for provides all the assistance you require to grow your new business.

The best ones in the market will provide you with the support, materials and training you need so that you can promote their online currency services to your clients and contacts in the most informed and compelling way as possible.

Fiorenzo Fontana