WHO IS IB?

 WHO IS IB?

IB stands for "Introducing broker" - a person or a company that refers clients to OctaFX and receives commission for their trading.

HOW DO I OPEN A PARTNER ACCOUNT?

You should submit an IB application.

WHAT IS YOUR IB COMMISSION?

We pay up to 12 USD per lot.The amount of IB commission payed is determined on a case by case basis.

WHAT DOES "ACTIVE CLIENT" MEAN?

"Active client" denotes a client account which has cumulative personal funds of 100 or more USD in all their accounts, AND has at least five valid orders closed within the last 30 days before the current date.

WHAT IS A "VALID ORDER" IN THE IB PROGRAM?

IB commission is paid for valid orders only. A valid order is a trade compliant with ALL the following conditions:

The trade lasted for 180 or more seconds;

The difference between the open price and close price of the order equals or more than 30 points (pips in 4-digit precision terms);

The order was not opened or closed by means of partial close and/or multiple close by.

HOW OFTEN IS COMMISSION CREDITED TO MY ACCOUNT?

IB commission is credited to the partner account on a daily basis.

WHERE CAN I FIND PROMO MATERIALS?

You can obtain promo materials by contacting us at ib@octafx.com.

HOW DO I ATTRACT CLIENTS?

You can promote your referral link and referral code on Forex-related websites and forums, in social media or even create your own website promoting our services.