3/29/ · A White Label forex business refers to leasing the right for placing the name of the lessee on the trading platform created by another company and marketing the same as What does IB abbreviation stand for? List of best IB meaning forms based on popularity. Most common IB abbreviation full forms updated in June 5/6/ · An Introducing Broker (IB) is essentially an agent which introduces new customers to a Forex brokerage. In return for sending custom to a brokerage, the Introducing Broker receives a fee, when it comes to Forex this is normally a certain share of Estimated Reading Time: 3 mins
Introducing Broker (IB) Definition
The Responsibility of the Introducing Broker 1. Proof of Referral 2. Disclosure to the Introduced Clients 3. The Company may, in its absolute discretion, accept or decline the Client's application to open a live trading account with the Company. The Company shall not interfere with the Introduced Client's decision. In order to leave the group, the Introduced Client shall send an official request, containing the reason for such a decision, ib meaning in forex, to Company's email address: support fxclearing.
Adherence to the Code of Conduct 5. Termination 6. Under normal circumstances, termination of this Agreement may be initiated by either party, by giving one 1 day written notice to the other. Compensation 7. The compensation schedule may be changed by the Company at its sole discretion.
The compensation shall be paid ib meaning in forex the trades that are held for at least one hundred and eighty seconds. The minimum trade size to receive compensation is: - one hundred and fifty points for XAUUSD; - two hundred points for XAUEUR; - the distance equal to a triple spread but not less than 3 three points for other pairs. The IB Commission allocated for trading on accounts with bonuses is paid according to the ratio of balance to the sum of balance at the moment of order closing and credit when the Net Deposit of the client is negative.
The IB Commission is paid in full when the Net Deposit of the client is positive. The IB may receive compensation only for the Introduced Clients from his or her IB Group, ib meaning in forex. IB and Sub-IB commission is always rounded in accordance with arithmetic rules to ib meaning in forex last digit available at the IB account. The Sub-IB commission is ib meaning in forex automatically every day at Server Time. Any attempts of the Partners to defraud the system by moving the existing retail clients under Sub-IB status with the express purpose of increasing commission, ib meaning in forex, will lead to complete disqualification of this Master-IB from the IB program.
IB's inactivity is defined as the absence of new referrals introduced for the period of over six 6 months and no logins to the IB account s for the same period. In case the IB account is placed to the archive, the IB commission charged during this period may not be compensated. Sub-IB 8. The Company provides a two-tier compensation system. The Company shall not be liable for any agreement made between the Master-IB and his Sub-IB. The IB and Sub-IB commission is fully covered by the Company.
Self-compensation Withdrawing ib meaning in forex Compensation Compensation Disputes Proprietary Information Promotional Materials High-Pressure Sales Tactics Term Amendment The Company reserves the right to amend this IB Agreement at any time without prior notice.
This Agreement shall be interpreted under the laws of St. Vincent and the Grenadines without regard to its conflicts of laws and principles. Venue for any dispute between the parties hereto shall be limited to the Arbitration Court in St.
Vincent and the Grenadines, and each of the parties hereby consents to jurisdiction over it in those courts as to any dispute under this Agreement. Terms of Exclusivity Language This Agreement, as well as company terms, conditions, and policies, may be translated into other languages but, in the event of any inconsistency or ambiguity as to the meaning of any word or phrase in any such translation, ib meaning in forex, the Ib meaning in forex text shall prevail.
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On ELITE accounts the IB is eligible for the total spread they wish to add on top of the original pricing from us. On DGCX accounts, the IB is eligible for half of the commission. The commission to be charged to the IB’s client is decided mutually between both the parties 3/29/ · A White Label forex business refers to leasing the right for placing the name of the lessee on the trading platform created by another company and marketing the same as 11/7/ · What Is an Introducing Broker? An introducing broker (IB) is a broker in the futures markets who has a direct relationship with a client, but delegates the
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