Be an Introducing Broker
What is an Introducing Broker?
An Introducing Broker (IB) is an industry term for a commodity broker or futures broker. An introducing broker like FTH is a firm that deals directly with the client, while the trade execution and back office work are the responsibility of a Futures Commission Merchant (FCM). Another term for an FCM is a clearing firm or a brokerage firm.
Each introducing broker has a relationship with an FCM. The FCM has a direct connection with the futures exchanges to execute trades. FCMs supply trading platforms on which clients have the ability to place trades online. FCMs are responsible for account management. One of the most important features of an FCM is that they deposit all customer funds in customer segregated personal accounts.
IBs typically operated out of smaller offices like JeraFX Investment Solutions based in Baguio City and Nueva Ecija, and also Davao City with FTH Movement. Many IBs are one-person operations, while others are larger, multi-location businesses like JeraFX that operates in Luzon and Visayas, while FTH Movement operates in the area of Mindanao. IBs are better able to service their clients as they are local, and their primary goal is customer service. An FCM focuses on executing trades and the maintenance of trading infrastructure. Outsourcing the prospecting and servicing of clients to the IBs creates economies of scale for FCMs and the futures industry.
In History, Introducing Brokers or also called Commodity Brokers, historically commodity brokers traded grain and livestock futures contracts, today commodity brokers trade a wide variety of financial derivatives based on not only grain and livestock, but also derivatives based on foods/softs. Metals, energy, stock indexes, equities, bonds, currencies, and an ever growing list of other underlying assets. Ever since the 1980’s, the majority of commodity contracts traded are financial derivatives with financial underlying assets such as stock indexes and currencies.
What are the preferred qualifications for the Introducing Broker (IB) role?
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College Degree
(highly accepted are graduates in: Finance, Business, Accounting, and Entrepreneurship) -
Ability to put the client first
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Strong communication skills
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Confident and resilient personality
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With experience in Trading and Financial Analysis
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Ability to listen, understand and give advice
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Goal oriented at an individual and team level
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SUBMISSIVE, TEACHABLE/TRAINABLE and always AVAILABLE for all required trainings.
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With Sales and Marketing background
(At least 2 years of experience in Sales, for example: Real Estate Agents, Network Marketing Distributors, and Medical Sales Representatives) -
With Leadership and with an Entrepreneurial Mindset and Characteristic
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A well-connected individual
(Who have high quality of connections in the High-society, Business world and high ranking professionals) -
And a person who loves to travel a lot (both Local and Foreign)
How can you become an Introducing Broker?
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You need to fill-up the FORM below.
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Wait for our response call or text, for you to be invited for an Interview.
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Undergo a qualification screening with our CORE Leaders
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If accepted: Attend all the required training and seminar for you to be well-equipped as an Introducing Broker and understand the role of an Introducing Broker.
So what are you waiting for?
Join now!
Fill out this FORM below: