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Introducing Broker |
Becoming an Introducing Broker of Elite E Services.
Why is an EES IB unique?
- Our agreements are International. An IB with EES NZ is a New Zealand based company, and you can introduce clients from all over the world.
- Offer clients MORE than just opening accounts. Offer technology, information, and services.
- Give your clients something more than the standard IB's offer.
- Non-competition - We do not compete with our IB's. We do not have a marketing department, we do not advertise. All new business comes from IB relationships.
- A higher level of marketing material provided to our IB's. Tired of the standard 1-2-3 sell your soul pitch? Use cutting edge tools, articles, and automatic software (provided by EES) to source new clients and convert existing ones.
- Very few New Zealand firms offer IB relationships.
- LINK TRACKING - Use your website to promote EES products and services to new clients using Link Tracking with 90 day cookies. Ensure you are rewarded for your hard work. Total transparency!
What services can I offer new clients as an IB of EES?
- Managed Funds
- Self-traded forex accounts
- Self-traded CFD and metal accounts
- Forex training resources
- Trading computers (hardware)
- Trading software
- 3rd party services
- ...anything on our website
Contact us to become an IB
EES is a unique boutique brokerage - we are techies AND brokers (brokers with a brain). Techies who market on the internet are 'affiliates' and promote products and services and receive an affiliate commission for a link-click. Brokers do the same, albeit without computers usually. The IB industry is shifting to a fully link-based automated system for tracking accounts, reminiscient to an affiliate program. EES combined the IB and the Affiliate with the IBA. Now, techies and brokers alike can combine to promote IB services AND affiliate services under one house, house elite. If you are simply an internet affiliate, you can promote EES products and services on ees.net.nz or any of our affiliate sites. If you are an IB - get additional benefits of being an IB of EES by instantly becoming an IB of all the firms with relationships with EES. We give you the tools, resources, knowledge, and intelligence necessary to make you a successful IBA. IBA - The next generation of brokerage.
Subject: Trading - Introducing Broker
Last-Revised: 31 Mar 1997
Contributed-By: Craig Harris
An Introducing Broker (IB) is a futures broker who delegates the work of the floor operation, trade execution, accounting, etc. to a Futures Commission Merchant (FCM). In this relationship, the FCM maintains the floor operation and the IB maintains the relationship with retail clients. This is efficient because the work of a floor operation vs. the work of maintaining relationships and meeting the needs of retail customers have different requirements.
Another way to think of an IB is that of a segmented firm. The IB is not a middleman, but is in a partnership with the clearing firm. The clearing firm manages the floor and back office ops, and the IB is free to concentrate on his/her customers and their trading.
Several myths concerning IBs need debunking. First of all, the notion that an introducing broker is a "middleman" or that fees or commissions are necessarily higher is wrong. It's also wrong to say that an IB is a branch office. Yes, an IB may have branch offices,
When it comes to ordering, if you are trading through an IB, it need not be any less efficient than trading with a vertically oriented firm that does everything. When you call an IB with an order, s/he can relay that order directly to the trading floor, or even give clients direct access to the floor themselves. If you call one of the big, vertically integrated firms your order is likely to take as many or more steps than it would with an IB.
In terms of commissions, an IB may maintain a low overhead and that lets him/her charge reasonable fees while maintaing a lot of support and specialized service that a big discount firm simply can't provide. There's more to trading than commissions, although most novices don't understand that.
I would say that the bottom line in choosing a broker depends on several factors:
- The type of trading you do
- The level of assistance and support you require
- Your ability to watch the markets all day
There is one wrinkle, however. Your trades may experience price improvement -- or may not -- depending on the large brokerage firm that executes the trades you submit via your introducing broker. See the article on price improvement in this FAQ for more details.
[ http://invest-faq.com/articles/trade-intro-broker.html ]
