What Is an Introducing Broker (IB) in Forex? A Complete Beginner’s Guide
What Is an Introducing Broker (IB) in Forex? A Complete Beginner’s Guide Introduction If you are new to Forex trading, you may have seen the term "Introducing Broker" or "IB". But what exactly does an Introducing Broker do? An Introducing Broker is essentially a person or business that introduces potential traders to a Forex broker. The trader opens an account with the broker through the IB's referral link, while the broker handles the actual trading account, deposits, withdrawals and trading platform. What Is an Introducing Broker (IB)? An Introducing Broker acts as a bridge between traders and a Forex broker. The IB may provide: • Forex education • Trading guides • Platform guidance • Market information • Trading support • Broker information When a trader registers through an IB referral link and meets the broker's applicable conditions, the broker may compensate the IB according to its partner programme. Does Using an IB Cost the Trader More? ...