Partners earn referral commissions based on the trading activity of their referred clients. As trading volume, client activity, and account performance increase, partners progress through commission tiers with higher earning potential.
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Introducing Broker
What is an Introducing Broker (IB)?
An Introducing Broker (IB) is an individual or business that refers traders to a regulated broker in exchange for referral commissions. Introducing Brokers do not manage client funds or execute trades but help connect traders with brokerage services and trading opportunities.
As an Introducing Broker (IB), your role is to introduce potential clients to iFX Brokers, a regulated South African forex and CFD trading broker. In return for your efforts, you can earn generous referral fees. We provide extensive technical support, a diverse range of proven marketing tools to attract new clients, and captivating marketing materials designed to give you a clear understanding of this exciting role, how it functions, and the multitude of benefits you can enjoy.
How the Partner Programme Works
- Register as an iFX Brokers Partner.
- Receive access to your partner dashboard and marketing resources.
- Refer new traders to iFX Brokers.
- Clients open and fund their accounts.
- Earn referral commissions when active clients trade.
- Increase earnings as your client base grows.
Let's explore the benefits of being an iFX Brokers Partner
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Streamlined client conversion and retention
Collaborating with iFX Brokers saves you time and effort in converting and retaining clients. By partnering with a trusted broker, you can rely on their expertise and reputation to attract and maintain active clients.
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Licence and reputation
iFX Brokers holds the necessary licences and has established a reputable presence in the industry. This not only instils trust in potential clients but also enhances your own professional image as an IB working in association with a distinguished broker.
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Exposure to referred clients
Through your association with iFX Brokers, you gain exposure to a wide pool of referred clients. The broker's established network and reputation can lead to increased opportunities for client acquisition, allowing you to grow and expand your business.
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Easy selling of quality products and services
iFX Brokers offers a range of high-quality products and services that are attractive to traders. With access to such offerings, you can effectively promote and sell them to your clients, enhancing your revenue and overall profitability.
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Word-of-mouth effect
When clients have positive experiences with iFX Brokers facilitated by your services, they are likely to spread the word to other traders. This word-of-mouth effect can significantly contribute to the growth of your client base and reputation in the industry.
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Extensive marketing and support resources
iFX Brokers provides extensive marketing and support resources to its partners. These resources can include marketing materials, educational content, technical support, and dedicated assistance, empowering you to effectively promote the broker's services and provide top-notch support to your clients.
What you can Expect to Receive
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No Up Front Investment
The iFX Partnership Program quite simply allows you to generate income without any capital outlay. Not too many businesses offer this kind of opportunity!
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24/7 Access to myiFX Partners
You’re able to check your personal data, client trading outcomes, commission and profit anytime that suits you.
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Competitive Referral fees
You will receive a referral fee each time one of your active clients executes trades. The amount of this fee is determined by factors such as your efforts and the volume of lots traded by your clients. Essentially, the more trades they make, the more commissions you will generate.
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Enhanced Stats and Reports
myiFXPartners even helps you to track and assess how effective your marketing strategies are.
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Transparent and Flexible Payment
Referral fees are credited to your account instantly and withdrawable daily, weekly, monthly - in fact any time you need it!
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Marketing and Promotional Tools
iFX Brokers™ supplies you with everything you need: banners, brochures, templates, Facebook cover pages - pretty much everything you could possibly need to promote your business is available.
Referral Fee
Structure
We have six categories, or tiers, under which you can earn referral fees. The tiers are determined by the weighting factor assigned to you. Here is a breakdown of the tiers and their starting referral fees per round lot traded:
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Referrer
(weighting 0 - 5)Starting from USD 1 per round lot
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Bronze
(weighting 6-10)Starting from USD 2 per round lot
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Silver
(weighting 11-18)Starting from USD 3 per round lot
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Gold
(weighting 19-25)Starting from USD 5 per round lot
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Platinum
(weighting 26-30)Starting from USD 7 per round lot
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VIP
(weighting 30+)Starting from USD 8 per round lot
Our technology
Our technology continuously monitors your account conduct and your clients' trading activities to determine the weighting factor, which in turn determines your payment tier. As your business grows, you will be automatically upgraded to the next award level.
The weighting factor that determines your payment tier takes into account several factors:
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Number of lots traded by your clients:
This refers to the total number of trading lots executed by the clients you have referred. Lots are a unit of measurement for trading volume in the financial markets. The more lots that are traded by your clients, the higher your weighting factor will be, and thus the higher your payment tier.
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Number of clients referred to the company:
This factor considers the total number of clients you have successfully referred to iFX Brokers. The more clients you refer, the higher your weighting factor will be, and consequently, the higher your payment tier.
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Your referral conversion rate:
The referral conversion rate is the percentage of referred clients who actually open an account and become active traders. It is calculated by dividing the number of active clients by the total number of referred clients. A higher conversion rate indicates a higher level of effectiveness in referring clients, which can increase your weighting factor and payment tier.
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Total monthly deposits:
This factor takes into account the total amount of money deposited by your referred clients into their trading accounts within a given month. Higher deposit amounts contribute to a higher weighting factor and an elevated payment tier.
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Account conduct:
Account conduct refers to the behavior of your clients' trading accounts and their adherence to trading regulations and guidelines. The better the conduct of your clients' accounts, including factors such as compliance with risk management practices, adherence to trading rules, and overall responsible trading behavior, the higher your weighting factor will be.
By considering these various factors, iFX Brokers aims to establish an objective and fair system for determining the payment tier of their partners. The weighting factor calculation ensures that partners who demonstrate a higher level of success in referring active and engaged clients are rewarded with higher payment tiers and corresponding referral fees.
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Performance Fee
In addition to the standard referral fees, Platinum and VIP Partners receive added benefits based on the total deposits generated by their referred clients. These added benefits are known as extended performance fees and are paid as a lump sum on or before the 7th following the reporting period.The extended performance fee is determined based on the deposit value of all your clients (excluding your own deposits).
The payment rates and minimum requirements for extended performance fees are as follows:
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Platinum
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Extended Performance Fee:**Min. Deposit Requirement:R1,000,000-00
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Extended Performance Fee:**Min. Deposit Requirement:R2,000,000-00
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Extended Performance Fee:**Min. Deposit Requirement:R3,000,000-00
** Please contact your Partner Relationship Manager to confirm your qualifying level -
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VIP
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Extended Performance Fee:**Min. Deposit Requirement:R2,000,000-00
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Extended Performance Fee:**Min. Deposit Requirement:R3,000,000-00
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Extended Performance Fee:**Min. Deposit Requirement:R4,000,000-00
** Please contact your Partner Relationship Manager to confirm your qualifying level -
Essentially, if you qualify as a Platinum or VIP Partner and meet the minimum deposit requirements, you will receive an additional percentage of the total deposits generated by your clients. The specific percentage depends on your partner level and the deposit amounts of your clients. These extended performance fees provide an extra incentive for top-performing partners, rewarding them for their exceptional performance in generating substantial deposits from their clients.
Frequently Asked Questions
Welcome to our comprehensive FAQs section, where we aim to address the most common questions and concerns you may have. Whether you're seeking clarity on our referral fee policy, looking for information on how to maximize your earnings, or simply curious about the ins and outs of referral fees, you've come to the right place. We've compiled this list of frequently asked questions to provide you with quick and accessible answers, ensuring that you have all the essential information at your fingertips. Browse through the following queries to find the answers you're looking for and gain a better understanding of referral fees and how they can benefit you.
How do I earn money through the iFX Brokers referral program?
By referring people to iFX Brokers and having them become active traders, you have the opportunity to earn money. You will receive a referral fee each time one of your active clients executes trades. The amount of the fee is determined by factors such as your efforts and the volume of lots traded by your clients.
How are the referral fees determined?
The referral fees are determined based on your payment tier. iFX Brokers has six tiers, ranging from Referrer to VIP, and each level has a starting referral fee per round lot traded. The tier you are assigned to is determined by a weighting factor, which takes into account factors such as the number of lots traded by your clients, the number of clients referred, your referral conversion rate, total monthly deposits, and account conduct.
Can I upgrade my payment tier?
Yes, as a new partner, you start as a Referrer. However, as your client portfolio grows and your account performance is analysed, you can be automatically upgraded to the next award level.
Are there additional benefits for Platinum and VIP Partners?
Yes, Platinum and VIP Partners receive added benefits known as extended performance fees. These fees are based on the total deposits generated by their referred clients and are paid as a lump sum. The specific percentage and minimum deposit requirements for these fees depend on your partner level and the deposit amounts of your clients.
How are referral fee payments managed?
Referral fees are processed in real-time, and partners can choose when they want to receive payments. You can manage your referral fees through the payments section within your secure myiFXPartners area. The payment schedule includes details such as payment reference, calculation date, currency, commission, availability, paid status, and payment date.
Is there a referral fee policy I need to follow?
Yes, iFX operates under a referral fee policy that governs the rules pertaining to rebate payments for partners. It is crucial to comply with this policy to receive rebates promptly. The policy excludes referral fees for personal trading or trades from immediate family members. Trades originating from the same IP address are also ineligible.
What happens if I notice unpaid rebates?
In the event that you notice unpaid rebates, it is recommended to notify iFX at partners@iFXbrokers.com. Payments are not lost, but they may require recalculation based on the number of transactions. iFX is committed to promptly addressing and resolving any issues related to missing rebates.
What are extended performance fees?
Extended performance fees are additional benefits that Platinum and VIP Partners receive based on the total deposits generated by their referred clients. These fees are paid as a lump sum on or before the 7th following the reporting period.
How do Platinum and VIP Partners qualify for extended performance fees?
To qualify for extended performance fees, partners must meet the minimum deposit requirements specified for each level (Platinum or VIP) and have referred clients who generate deposits. Meeting these requirements allows the partner to receive a percentage of the total deposits generated by their clients as an additional incentive.
How are referral fee payments managed at iFX?
Referral fees are processed in real-time at iFX, giving partners the flexibility to choose when they want to receive payments. Partners can access the payments section within their secure myiFXPartners area to conveniently manage their referral fees. This section provides a comprehensive schedule that includes important payment details such as payment reference, calculation date, currency, commission, availability, paid status, and payment date.
What is the payment reference used for?
The payment reference is an automatically generated identifier that helps partners easily identify specific payment information. It can be used for reference purposes if partners need to retrieve payment details for a specific period.
What is the calculation date in referral fee payments?
The calculation date indicates the day when the referral fees are allocated to the partner’s account. Rebate payments are usually generated daily and become immediately available after the daily market close, encompassing all trading activities conducted during the day.
How are rebate payments calculated in terms of currency?
Rebates are initially calculated and generated in USD. However, the actual payment to partners is executed in South African Rand.
What is the availability status in referral fee payments?
The availability status indicates whether the earnings are currently available for withdrawal. It provides partners with information on when their funds are ready to be accessed.
What does the paid status indicate in referral fee payments?
The paid status informs partners whether the respective rebates have been paid out. It helps partners keep track of their payment history and ensures transparency.
When are rebates paid to partners?
The payment date specifies when the rebates were paid to the partner. It serves as confirmation of the payment and provides partners with an accurate timeline of their payment transactions.
How can partners withdraw their earnings?
Once earnings are available for withdrawal, partners can initiate the transfer process by selecting the “Transfer to my Wallet” action button. This action reflects the amount due to their iFX Wallet. From the wallet, partners have the option to withdraw the funds or transfer them to a trading account as desired.
What is the Referral Fee Policy at iFX?
iFX operates under a Referral Fee Policy that ensures fair and transparent payment procedures for rebate payments. It is crucial for partners to comply with this policy in order to receive their rebates promptly. Failure to adhere to the policy may result in the company declining rebate payments. The policy excludes referral fees for personal trading, those generated by immediate family members, and trades from the same IP address. iFX also has a zero-tolerance policy towards fraudulent activities and abusive trading strategies.
myiFXPartners – Secure Online Management Tool
Partners can instantly see the result of their work – keep track of your earnings and much, much more
- Keep track of earnings;
- Setup and manage marketing campaigns;
- Access live statistics and reports;
- Review your conversion statistics;
- Much, much more.
#Sign up now
Join Our Team
It is simple and easy to get started. You don’t need an upfront investment or complex integration. Hundreds of partners have already joined iFX this way.
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Step 1
Sign up for a live account at www.iFXbrokers.com
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Step 2
Complete the quick online questionnaire* and accept our terms and conditions that governs our relationship
