When an RB-Referral Broker convinces a customer to open a managed account , the customer first opens a regular forex account and the money manager (CFXG-Capital Forex Group, LLC) is given limited power of attorney to trade the customer's account via a specialized money management and accounting software from the forex brokerage firm.
Consider also to become an IB-Introducing Broker for Broco. This way you get additionally brokerage commission as an IB from Broco. To become an IB for Broco you need an existing trading account. You can register it HERE.
You may ask yourself, What do I do now?
It's really quite simple. The best option is that you become an IB for Broco (brokerage) and RB for CFXG (money manager).
Follow those steps:
Register an account with Broco and fill it up (no minimum deposit) then
sign up for an IB from your back office.
At the same time you can complete RB Agreement as an RB with CFXG.
Businesses that are good candidates to become IB and RB. In reality, any individual or organization that has (or has the means to obtain) the proper contacts can become a successful IB and RB. We have provided below just some examples of businesses and individuals that can establish a successful forex brokerage business.
- Foreign bank wanting to hedge client's local currency risk
- Foreign bank wishing to diversify into alternative money management or online currency trading.
- Insurance companies or brokers
- Independent investment adviser or financial planner
- Stock or futures brokerage company or investment advisory firm
- Successful stock, futures, options or currency traders
- Successful forex traders that want to become money managers
- Popular financial websites
- High-traffic websites
- Asset management firms
- Money managers
- Hedge funds
- Trading rooms
- Advertising firms
- Presidents or owners of investment or trading clubs
- Organizers of financial seminars
- Well-known investment professors
- Real estate or mortgage firms
- Trusted salesperson with affluent client base
- Companies with large client bases
- Personal adviser for influential people (actors, sports stars, executives, etc.)
- Influential people with large contact bases
- Attorneys, accountants and other business professionals with wealthy clients
