Our multi-level system allows you to get commission for up to 3 levels of sub-partners. ADMIS is a member of all major U.S. futures exchanges, a registered Futures Commission Merchant, and a wholly owned subsidiary of ADM. Spark will protect you from the loss of visibility of clients… Simply introduce customers to us using your own contacts or marketing efforts and we’ll do the rest.

Optimus Futures is an Independent IB that provides customers with access to a wide variety of services and clearing firms. We have established relationships with multiple Futures Clearing Merchants (FCM’s) in order to give you the option to decide where you want to place your funds and which trading platform and technology you prefer to use. Different FCMs also have different capitalization levels and we want you to feel comfortable with the FCM you entrust your funds with. An introducing broker is a broker-dealer that contracts with a clearing firm to handle the execution and settlement of orders that the introducing firm receives from its clients or its own trading desk to buy and sell securities. StoneX offers a broad array of professional services and access to the global foreign exchange markets for commercial and institutional clients. Veteran FX teams in London, Sao Paulo, NY and Chicago provide award winning advisory, execution and clearing services in virtually all tradable currency pairs and derivative instruments.

Partner with a provider you can trust

Using the numerous marketing materials provided, start attracting traders. Recommend your clients to open a Pro account and they will get a 5% discount on the commission. Every FX and Metals trade generated by your referral will earn you commission. DisclaimerAll content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.

Option means an agreement, contract or transaction described in Section 1a of the Commodity Exchange Act (7 U.S.C. 1a). Commodity means any good, article, service, right, or interest described in Section 1a of the Commodity Exchange Act (7 U.S.C. 1a). The Code of Federal Regulations is the official legal print publication containing the codification of the general and permanent rules published in the Federal Register by the departments and agencies of the Federal Government. The Electronic Code of Federal Regulations is a continuously updated online version of the CFR. These links go to the official, published CFR, which is updated annually. As a result, it may not include the most recent changes applied to the CFR.

Introducing broker

Clients pay directly to the FCM, who executes the trade. Alternatively, an IB will need additional financial resources if it tries to work without an FCM. In addition, an IB would have to spend a substantial amount on overhead—for accounting, trading, reporting, and trading platforms. The term “Reportable System Transaction” shall mean those transactions in Reportable Securities that are eligible to be submitted using the System pursuant to FINRA rules. The term also shall include transactions in Reportable Securities that are for less than one round lot.

Its registered office is Hinds Building, Kingstown, Saint Vincent and the Grenadines. FOREX.com may, from time to time, offer payment processing services with respect to card deposits through StoneX Financial Ltd, Moor House First Floor, 120 London Wall, London, EC2Y 5ET. Benefit from the strength and support of a global leader with over 15 years’ experience in online currency trading to build your business. I’d like to view FOREX.com’s products and services that are most suitable to meet my trading needs.

Market data licensing

The CIP must include risk-based procedures for verifying the identity of each customer to the extent reasonable and practicable. The procedures must enable each futures commission merchant and introducing broker to form a reasonable belief that it knows the true identity of each customer. At a minimum, these procedures must contain the elements described in paragraph of this section. An Introducing Broker is an individual or organization that 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. Client funds for trading must be placed in an account directly with a futures commission merchant .

Top-tier FX trading solutions that combine self-clearing OTC and prime of prime. We deliver support, technology and service designed and delivered for your success. We position more than $3 billion in balance sheet to provide consistent liquidity across a robust array of fixed income products. StoneX Commodity Solutions helps independent elevators originate more bushels, sooner, by offering a valuable producer pricing program to farmers. If the offer looks good and you have examined your options, you may want to partner up or look around a bit longer for the right fit.

What is anIntroducing Broker or IB?

Whether you are a trading educator, a software company or offer other value added services for traders, you can customize our wide range of products and services to help fit your customer’s needs. Introducing Brokers (or IB’s) are brokers or firms that have customers interested in OTC instruments, but who cannot provide these products directly. Rather than being limited to offering exchange-traded products only, IBs can take advantage of StoneX Markets’ swap desk capabilities. We earn our IB customers with our high-touch customer service capabilities, strong balance sheet, onboarding ability and SXM’s initial and variation margin thresholds , which can act as financing. If you are working with a reliable affiliate program – and you’re delivering clients – you should expect to receive help as an introducing broker. This can include trading apps and access to platforms for your clients.

INTL FCStone provides facilities management for other Futures Commission Merchants who do not want or have the ability to own the back-office staff, system and capital required to be a clearing member. StoneX Markets LLC was one of the first non-bank provisionally registered in swaps by the CFTC and has remained a leader in OTC for the past 25 years. If you land a client early on who makes high-value trades only occasionally, that is good. If you have a client who is a rookie trader and wants to keep making trades every few days with moderate amounts, that is also good. The key is to keep earning commissions, and you will earn commissions by trades.

• However, the majority of FCMs would find it financially impossible to open offices around the country to serve their customers.
• Client accounts with GIBs are backed by the capitalization of the IIB, not the FCM.
• You may feel that just having a few clients short of your target is fine for the time being.
• IBs do not undertake trades themselves; they delegate the client transaction to someone on the trading floor.
• Becoming an Introducing Broker can be the easiest method to increase your income, as there’s no cost to sign up.
• We set no limits as to when you can withdraw your partner funds.
• Therefore, in Europe there is no requirement that Introducing Brokers be regulated, which principally allows any individual or company to act as an Introducing Broker by presenting new customers to a brokerage.

Resident or firm with only non-US customers who submits all trades to an FCM. Solely manages accounts with power of attorney and does not receive any per trade commission. The National Futures Association regulates derivatives in the United States. An application fee for principals and APs is not required if the individual is currently registered with the CFTC in any capacity or is listed as a principal of a current CFTC registrant.

Zenfinex is the trading name of the Zenfinex Group of companies.

A broker dealer who introduces all of its customer accounts on a fully disclosed basis will not be required to send the customer confirmations and statements, this will all be done by the clearing broker dealer. If the introducing broker maintains an omnibus account at the clearing firm, the introducing broker will be required to send customer confirmations and statements. In order to pass the series 24 or series 26 exam you must have a comprehensive understanding of the roles of the introducing and clearing broker dealers and their net capital requirements. All of this information is covered completely in our series 24 and series 26 exam prep software, textbooks and video training classes. Make sure you are ready to pass your exam with our Greenlight exam pass guarantee.

Trading

Do you have access to a network of existing or potential traders? Become an introducing broker, an independent agent that will be referring new clients to us, convert your influence into an on-going income and earn up to $10 per traded lot. The term managed futures describes an industry comprised of professional money managers known as commodity trading advisers . These trading advisers manage client assets on a discretionary basis using global futures markets as an investment medium.

Start earning today from every single client you introduce, the more they trade, the more you earn. With 150+ trading instruments, research and analysis, your clients will keep trading for longer. Simply refer your clients, we will take care of the rest. LME Clear provides clearing and settlement services for users of the London Metal Exchange on all Ring, electronic and telephone trades. Our parent company, StoneX Group Inc., is NASDAQ listed and regulated in multiple jurisdictions.

IBs do not execute trades themselves; they refer the client to someone on the trading floor. The client directly https://xcritical.com/ pays the FCM, who runs the business. Some IBs operate as individuals; others operate as a firm.

Introducing brokers – also called IBs for short – are individuals or companies who act as an agent between the broker and the client. First, the firm or individual needs to obtain secure access to NFA’s Online Registration System by hiring a security manager. The term “Reportable Security” shall mean all designated securities as defined in Rule 6320B.

Instead of obtaining a taxpayer identification number from a customer prior to opening an account, the CIP may include procedures for opening an account for a customer that has applied for, but has not received, a taxpayer identification number. In this case, the CIP must include procedures to confirm that the application was filed before the customer opens the account and to obtain the taxpayer identification number within a reasonable period of time after the account is opened. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.07% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The IB programme is perfect if you have an FX or Equities content website, forum, or a group of traders that you would like to help get set up with BlackBull markets.

New York Yankees legend Yogi Berra once said, “Nothing succeeds like success.” This is certainly true as an introducing broker, particularly in the environment of internet reviews where reputation is everything. If your clients are pleased and see significant returns on their investments, the brokerage you are partnering with will be pleased with you. If you have a common name like John Smith , consider using a more distinctive name that Google will immediately hone in on. If you’re operating an honest business, there is absolutely nothing wrong with using a professional name.

A suspicious transaction shall be reported by completing a Suspicious Activity Report (“SAR”), and collecting and maintaining supporting documentation as required by paragraph of this section. Prohibition on correspondent accounts for foreign shell banks; records concerning owners of foreign banks and agents for service of legal process. To preserve the anonymity of the counterparties, IBs are introducing broker not required to disclose to the clearing members the identity of their respective counterparty to the trade. Ferrous derivatives have seen execution-only brokers rise to take a prominent role in the industry. The LME acknowledges and recognises this market development and has clarified how these brokers can become active participants in the new LME Steel Scrap and LME Steel Rebar contracts.