Benefits of Using an Introducing Broker

An introducing broker is a customer catering arm for the dealing firm. As discussed earlier, the IB drives business and provides additional customer support for the dealing firm. The dealing firm, in most cases, has a close relationship with the IB and provides them with multiple perks that are then passed on to the IB's clients.

Introducing Brokers can add value to your trading through better execution of your trades, enhanced customer support, and in some cases, a per trade rebate. Trade Rebates

Receiving cash for every trade made is one huge benefit that a client can expect to receive by going through an IB such as TradersChoiceFX.

There are many IBs out there, so it's important to stick with big, reputable firms. Certain IB's do not have your best interests in mind and push you to make more trades so that their profits can increase. They are not as concerned with your success and longevity in the market. Be careful of IB firms that are also providing software or training. Everything may seem great, because they claim to offer free training as long as your account is opened through them. However they are compensated on the back end by the dealing firms every time you trade. Thus, they are more likely to teach you high frequency trading strategies that can have a negative impact on your account balance. It is much better to just take a cash rebate from an IB and sign up for the educational service of your choice.

TradersChoiceFX has been a front runner in the pool of IB's for several years now, and has been recognized as having the ability to add significant value to client's trading. As a client of TCFX, you can expect to be paired up with the broker that best fits your needs and trading style. As discussed earlier, choosing the right broker is half the battle, of which TCFX can fight for you. On top of that, TCFX will put cash in your pocket at the same time.

Well Hidden Secret to Have Your Broker Work For YOU

Forex is an industry where using a middle man can actually be more beneficial to the trader than going directly to the source because of what is known as the IB volume rebate. An IB is a type of middle man that can add tremendous value to your trading. TradersChoiceFX, being one of the most popular IBs, can add serious, monetary value.

TCFX is able to rebate clients up to a half of a PIP on every trade, whether it's a win, lose, or draw. Going back to our example of making 50 trades a month using TCFX as an introducing broker, you would be eligible to receive up to $250 USD back into your pocket. It's like free money!

Just think, you have to use a dealing firm to place trades - TCFX can find the right firm for you. You need to pay the spread, no matter what broker you decide to use - why not receive a piece of that spread on EVERY trade?

In Forex, multiple trades a day is not uncommon, and thus transaction costs can quickly add up for a trader. A reputable IB like TCFX can save you large amounts on your transactions that can be the difference between a lucrative trading career and a disappointing one. Next >