We at OctaFX value our IBs and build our cooperation on honest and transparent basis. Here is a brief overview of the IB conditions. Please make sure to read and understand the IB Agreement prior to becoming an OctaFX IB.How to become an IB?
Open a partner account at OctaFX
Receive your referral link in the "IB Area" section of your Personal Area at OctaFX
That's it, you are now an IB for OctaFXWhat is my IB commission?
The commission is:
For Micro accounts: 30% of spread
For ECN accounts: 25% of spreadHow is the commission calculated?
Here is an example for you:
Commission = order volume * pip price * spread * per cent rate (30% or 25% depending on the account type).
Let's say your client has a micro account and has just closed a 3 lot EUR/USD order.
Order volume 3 lots
Currency pair EUR/USD
Account type Micro
Spread 1 pip
Pip price 10 USD
Commission 3*10*1*30% = 9 USD
You can view all the minimal and typical spreads for Micro and ECN accounts in "Spreads and trading conditions" section.What you SHOULD do?
There is a number of gold old ways to attract clients and make them open accounts via your referral link. Here are some of them: post your referral link in forums, social networks and blogs. Be an active participant in forum discussions, our groups in Facebook and Twitter, talk to people, answer their questions. Alternatively you can create your own website and promote your referral link in your own language in your country.
What you CAN'T do?
You can't use any kind of illegal advertizing, spam, spamdexing, use adult or illegal websites, deceive or mislead people in any way or do anything which may harm the company's good name and reputation.
What else should I know?
Please be aware that the only and the final legal document that regulates the relationship between the broker and the IB is the IB Agreement. It sets forth the rules for IBs, explains IB commission and payouts, stages of IB program and other aspects of Introducing Broker activity. Please make sure to read and understand the IB Agreement prior to opening an IB account at OctaFXThis post has been edited by OctaFX_Farid: Mar 26 2012, 09:46 AM