Does the world of investment interest you? And Have you been looking out for a way to make money without conducting direct trades? Then you may find success as an Introducing Broker. It is no news that in the forex market, the services of various people are being relied on. It welcomes every category of participants from active traders to passive ones and even those who do not execute trades but aid the trade of others by their services.

The forex market is the largest functional market in the world presently, with a huge turnover of about 6.6 trillion dollars daily, thus making a lot of people attracted to this space. Attracting new clients, however, is one of the hardest tasks to achieve after opening a brokerage firm as this can be achieved through advertisement, e-mail marketing, tradeshow participation, and search engine optimization(SEO). But an important service a forex broker shouldn’t ignore, to help increase client base, earnings and great profit is that of an introducing broker.

An Introducing Broker, therefore, is an intermediary between a brokerage firm and its clients. An introducing broker can be an individual or a legal entity e.g. a company. It is not mandatory that all its activities are related to financial services, but its main task is to attract customers – profitable traders, money managers, investment advisors, and high-income generating website owners, to the brokerage company.

How to become an Introducing broker

To become an introducing broker, you do not have to acquire any special license or document.

Nor do you have to pay any special fee. All you need to have is a finance practice, particularly in the forex space, and possessing a strong online presence. This is because your potential clients are from the network of active followers.

An interested customer base with certain initial capital, interest in alternative forms of investment, and a desire to trade independently, and invest in various financial markets are what an introducing broker needs. Also, an introducing broker needs to have top-notch communication and social skills as they are the crucial pillars of modern-day marketing.

Functions of an Introducing Broker

As independent agents that they are, they help to:

Attract clients to trading platforms of partner brokers.
Motivate clients to trade actively.
Accept orders from clients to conclude exchange transactions.
Work directly with end customers by providing thorough aid to customers e.g. filling documents, technical help, training, and advisory roles.
Organize marketing strategies and activities to attract many potential traders as possible.
Provide successful clients with recommendations for investor accounts within the framework of trustworthy management.