Conditions
Conditions |
Conditions will depend on evaluation of your area. Following factors are included in this evaluation:
- Population of the area (most often it's a city, but sometimes area may mean a state or even a country. It's preferred that the population is at least 500,000);
- Level of business activity (local infrastructure, development of trade and market, number and profiles of top local enterprises);
- Internet saturation - what fraction of the population has access to the network;
- Presence of competitors (number of companies offering similar brokerage services, both Forex and traditional stock exchanges included);
- Level of readiness (whether you have already got an office, staff, management experience, opportunity for personal meeting with one of our representatives).
According to your evaluation based on these factors your proposal will be either accepted or rejected. If the evaluation is very high - Forex4you may consider opening a company branch in your area.
Financial schemes for Introducing Brokers (IB):
- % of profits;
- % of the volume (in pips/points).
% of PROFITS
In the first case, you receive 50% of the company profits. Financial support may be provided by Forex4you for up to 50% of advertisement/marketing expenses in case IB is showing steady dynamic growth as well as maintaining high qualification level of the staff. Every Introducing Broker will be offered technical support with website promotion including web hosting and unique subdomain (third level domain), and also manager terminal of the trading platform for comfortable monitoring of clients.
Approximate expenses of an IB (minimums):
| Organizational expenses |
Amount |
| Incorporation |
400-500 USD |
| Website development |
500-1500 USD |
| Furniture and equipment |
|
| Computers (2 work places) |
1600 USD |
| Printer, fax |
400-500 USD |
| Office furniture (2 work places) | 1000 USD |
| Total initial expenses |
3900-5100 USD |
| Monthly expenses |
|
| Office rental |
600-1000 USD |
| Wages: | |
| - manager | 800-1000 USD |
| - office manager |
500-800 USD |
| - office maintenance |
100-150 USD |
| Phone and Internet |
300-400 USD |
| Marketing, advertising |
1000-2000 USD |
| Total monthly expenses |
3300-5350 USD |
| TOTAL 6 MONTH EXPENSES |
30450 USD |
* 6 month expenses plan assumes that the office will become profitable in 1 year, on average (monthly revenues will be higher than monthly expenses). Numbers are based on average European prices.
Training courses may be included, as well as an analyst-consultant may be provided for clients. In such case, expenses will grow around 8000 USD in first 6 months..
% of VOLUME
In this case you will receive part of the spreads - points or pips, depending on the instrument, volume and type of account:
| Cent accounts | Normal accounts | Min trade Points | |
|---|---|---|---|
| Instrument \ Volume in lots | 0.01-100.00 | 0.01-10000.00 | |
| EURUSD |
1 | 1 | 5 |
| GBPUSD, USDJPY, EURJPY, #C, #AA, #GE, #GM, #INTC, #JPM, #MSFT, #XOM |
1 | 1 | 7 |
| EURGBP | 1 | 1 | 20 |
| USDCHF, USDCAD, AUDUSD, NZDUSD, EURCHF | 1 | 1 | 10 |
| AUDJPY, SILVER, EURCAD, CADJPY, GBPJPY | 1.5 | 1.5 | 12 |
| GBPCHF, CADCHF, CHFJPY, AUDCHF, AUDCAD, NZDJPY | 1.5 | 1.5 | 20 |
| EURAUD, GBPCAD, GBPAUD, USDHKD, EURNZD, AUDNZD, USDSGD | 1.5 | 1.5 | 25 |
| NZDCHF, NZDCAD | 1.5 | 1.5 | 37 |
| EURHKD, USDDKK | 1.5 | 1.5 | 75 |
| USDNOK, USDSEK, GOLD, #ES8, #NQ8, #QM8, #QG8, #C8 | 1.5 | 1.5 | 250 |
| USDMXN |
1.5 | 1.5 | 375 |
| USDZAR | 1.5 | 1.5 | 625 |
Note:
Numbers are given in pips/points;
Min Trade Points - minimum volume of an order to be considered for this scheme.
Monitoring options depend on the scheme:
| % of profits |
% of volume |
|||
| Client account overview in Partner Room |
Yes |
Yes | ||
| Manager terminal that gives possibility to monitor client orders |
Yes |
Yes | ||
| Ability to trade with a partner account |
Yes |
Yes |
||
Please note! Forex4you is carrying all risks related to the client trades. Before your apply to become an Introducing Broker, you must ensure you know answers to the following questions:
1) How Forex brokers earn money?
2) What is the warranty for clients when working with a Forex broker?
We prefer to work with experienced partners (companies or individuals who have already worked with other Forex brokers).
Please note! Partner may choose between "% of profits" and "% of volume" schemes for each particular client. Partner may link clients to own partner account which is granted automatically upon registration. In such case, partner will receive part of the volume (spreads) for such clients. It's not possible to do vice versa.
When switching a client from "% of profits" scheme to "% of volume" scheme, current financial results are fixed and moved to the new system. For instance, if results were negative - they must be compensated during the new scheme operations until the break even point is reached. It's a good opportunity to unload the risks to our company.
If you currently work with another dealing center (Forex broker) and are interested in cooperation with us, we will be glad to offer you better conditions than those you currently have.
In case of 1000+ lot per month volumes, all clients of the region may be linked to the partner (they will be shown in the manager terminal, and partner will receive rebates for them).
We are interested in reliable, ambitious partners. Before applying for partnership, please ensure that your region has demand and/or potential for our services.
Every partner receives 1 account. Rebates for all client account types and currencies are credited to this account..
IB partner accounts are processed manually.
Features available in Partner Room:
- Registering a new client;
- Checking partner news;
- Withdrawing funds;
- Working with group of accounts;
- Managing client accounts (viewing account numbers, names, balances);
- Transfering funds between internal accounts of Forex4you;
- Changing personal information and passwords;
- Suggesting and complaining about our services;
- Downloading advertising materials (banners).
We can also provide you with brochures and posters.
Partners must sign an agreement with Forex4you. You can see an example of such agreement after going through the registration process.
At the moment Forex4you is offering some of the best trading conditions and highest level of customer service. If you are interested in getting extra revenues for bringing clients to a dynamically developing company, and you feel that your region got potential - we propose that you proceed with registration.
