An introductory program aims at referring new clients to forex brokers thus earning a commission to an entity featuring it, whether an individual or a company (IB).
Introductory programs are in demand with FX trading schools, signal providers, financial media and other forex-oriented activity types.
In the IB segment it is crucial to find a forex broker with proper quality of execution and reasonable spreads to be interesting for prospective customers plus with an introductory solution offering competitive terms and conditions for IBs. Usually commissions are based on the trading activity of the referred clients, which can be a profitable business provided that new clients get enough motivation to open an account and trade with the determined broker.
Introductory programs imply using various kinds of marketing tools: banners, links, books and articles on FX trading, seminars and personal tutoring, traders’ club days, and so on.
Safety is also a serious issue for IBs seeking partnership with a brokerage. Safety of funds is always a priority, and it is essential to know the offered introductory program is not a scam. This is the case where professional advice is much in demand.
It is a real challenge to find a good introductory offer combining all the merits requested by the FX community.