As the foreign exchange market continues to develop, more and more traders are seeking to cooperate with foreign exchange brokers to obtain additional sources of income. As a trusted foreign exchange broker, Titan FX has launched the Broker IB Partner Program to provide traders with an opportunity to cooperate with brokers. This article will explain Titan FX’s IB Partner Program in detail and provide specific examples.
What is the Broker IB Partner Program?
The Broker IB Partner Program refers to the cooperative relationship between foreign exchange brokers and intermediary brokers (Introducing Broker, referred to as IB). As a partner of the broker, IB is responsible for guiding new customers to register and trade, and the broker pays corresponding commissions to IB in return. This cooperation model provides an additional source of income for traders and also brings more customer resources to brokers.
Features of Titan FX Broker IB Partner Program
Flexible commission structure:
Titan FX’s IB Partner Program offers a flexible commission structure that is calculated based on a client’s trading activity and trading volume. This means that IB can receive different levels of commission returns based on its business performance.
Comprehensive support and resources:
Titan FX provides its IB partners with comprehensive support and resources, including marketing tools, educational resources, technical support, and more. These resources help IB better attract customers and improve business levels.
Transparency and impartiality:
Titan FX is committed to providing a transparent and fair cooperation environment, ensuring that all transactions and commission settlement processes are open and transparent, so that both IB and customers can cooperate with confidence.
Fast commission settlement:
Titan FX promises a fast commission settlement cycle to ensure that IBs can receive the commission returns they deserve in a timely manner. This provides IB with a stable source of income and enhances confidence in cooperation.
Specific Examples of Titan FX Broker IB Partner Program
Assume that an IB successfully guides five new customers to register and trade. Their trading activities are as follows:
Customer A: 100 trading lots, commission per lot is USD 0.5;
Customer B: The number of trading lots is 150, and the commission per lot is US$0.6;
Customer C: The number of trading lots is 200, and the commission per lot is US$0.7;
Customer D: The number of trading lots is 250, and the commission per lot is US$0.8;
Customer E: The number of trading lots is 300, and the commission per lot is US$0.9;
According to Titan FX’s IB Partner Program, the total commission that IB will receive is calculated as follows:
Total commission = (Customer A’s trading lots × commission per lot) + (Customer B’s trading lots × commission per lot) + (Customer C’s trading lots × commission per lot) + (Customer D’s trading lots × commission per lot) + (Customer E Number of trading lots × Commission per lot)
Total commission = (100 × 0.5) + (150 × 0.6) + (200 × 0.7) + (250 × 0.8) + (300 × 0.9)
= 50 + 90 + 140 + 200 + 270
= 750
Therefore, the IB will receive a total commission return of $750 during this cycle.
in conclusion
Titan FX’s Broker IB Partner Program offers traders an opportunity to partner with a broker to earn an additional revenue stream by onboarding new clients to sign up and trade. The program features a flexible commission structure, comprehensive support and resources, transparency and fairness, and fast commission settlement, providing partners with a stable source of income and a good cooperation environment.
