What is Master IB?
A Master IB is an IB who refers not only traders but also other IBs and earns commission based on the activity of these IBs. Starting from 10% Become Master IB. or email us at ib@octafx.com.
How do I become an OctaFX IB?
Once you have five active IBs in your client base, you will be able to apply for a Master IB status—just write to us at ib@octafx.com, and we will guide you through. Once you are a Master IB, you will be receiving 10% of the commission earned by the IBs from your network. We want our collaboration to be effective.
What is mean by IB in OctaFX?
Introducing Broker1.2. Introducing Broker (hereinafter—’IB’) is the Client whose application for the IB status submitted via the Company’s website was approved by the Company.
What is IB commission?
IB. is a person or a company that refers client to a broker and receives commission for their trading. IB COMMISSION. Is the revenue an IB receives per lot traded by his or her referral.
Is OctaFX trusted?
A reliable platform is essential for forex trading, and OctaFX scores well on this count. With multi-platform support including desktop and web applications along with fast execution times, and support for android and iOS mobile devices, you’ll be able to use the platform with confidence from nearly any device.
What is the minimum deposit for OctaFX?
Make a deposit At OctaFX, you can start trading with a minimum of $25. The minimum deposit can vary depending on your region and the payment method.
What do you know about IB?
The International Baccalaureate (IB) is a global leader in international education—developing inquiring, knowledgeable, confident, and caring young people.
How do I delete my OctaFX account?
In order to close your Personal Area, please send a request to kyc@octafx.com.
What do IB traders do?
With IBKR’s Universal Account, clients can trade stocks, options, futures, currencies, bonds, and funds around the world from a single screen. * Fund your account in multiple currencies and trade assets denominated in multiple currencies. Access market data 24 hours a day and six days a week.
Does Interactive Brokers charge a monthly fee?
Example: USD 10,000 minimum – USD 7,000 commissions = USD 3,000 maintenance fee….Broker Accounts.Account StructureMonthly Inactivity FeeBroker Client AccountsUSD 0.00 USD 1.00 inactivity fee will be applied to accounts having a Net Liquidation Value of less than USD 1000.
What is the minimum deposit for Interactive Brokers?
What is the minimum deposit required? To open an Interactive Brokers LLC brokerage account for your Interactive Advisors investments, you need to fund it with a minimum of $100.
What is an IB broker?
An introducing broker (IB) is an individual or organization that solicits or accepts orders to buy or sell futures contracts, commodity options, retail off-exchange forex contracts, or swaps but does not accept money or other assets from customers to support these orders. …
How to become an IB?
To register as an IB and become an NFA Member: 1 Designate a Security Manager in order to obtain secure access to NFA’s Online Registration System (ORS) 2 Complete online Form 7-R 3 Complete online NFA membership application 4 Satisfy compliance requirements for IB applicants 5 Complete online Annual Questionnaire 6 Pay a non-refundable application fee of $200 7 Pay non-refundable IB membership dues
What is an introducing broker?
An introducing broker (IB) is an individual or organization that solicits or accepts orders to buy or sell futures contracts, commodity options, retail off-exchange forex contracts, or swaps but does not accept money or other assets from customers to support these orders. Registration is required for an IB unless the individual or organization is: …
How to be a successful trader?
There is so much more to discipline than just following your trading plan and following the rules of your strategy. Discipline is about developing any skills necessary to become a successful trader . This includes doing research on your body and your habits. Learn how to eat healthily. You will trade better if you have a healthy body. Also, pay attention to things like finding your optimal sleep schedule. Everyone needs a different amount of sleep to function properly. Make sure you develop a sleep pattern that is healthy for your trading.
What is discipline in trading?
Discipline is about developing any skills necessary to become a successful trader. This includes doing research on your body and your habits. Learn how to eat healthily.
What happens if you don’t control how you think?
The battle is in your mind. If you cannot control how you think, you will not become a master trader. You must learn to think healthily and develop a secure relationship style with the markets and with your trading.
