Seasoned Introducing Brokers (IBs) in the retail trading industry have worked chiefly with MetaTrader in the past decade or so. However, it has had a significant impact on both IBs and retail traders ever since the MetaTrader Apps got removed from the App Store.
What happens next? Read on if you are finding alternatives for your trading business.
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Current Developments
The primary goal of IBs is to provide value to clients and have them trade continuously to generate commission based returns. Obstacles arose when clients couldn’t update their MetaTrader 4 and 5 on their Apple App Store. More importantly, IBs will not be able to onboard new clients that are using iOS devices.
Our team keeps track of the markets all the time and one trend we noticed is this - Everyone has started to shift their attention to cTrader, a platform previously overshadowed by MetaTrader, but the tide has turned due to Apple’s ban.
3 Big Reasons why cTrader is better than MetaTrader for Introducing Brokers
IBs Can Still Earn As Much
One of the biggest concerns of IBs when it comes to switching trading platforms for their clients is they might get a ‘pay cut’. Well, that is not the case, at least for IBs working with FXPIG.
By using FXPIG’s cTrader, you can earn the same commissions as you used to, or even receive a better deal from us!
FXPIG IB Payouts
- Rebates up to 75% of spread markup
- Dollar rebates per lot
- Flexible Plan
>GET IN TOUCH to discuss your customised payout structure.
Better Trading For Your Clients
The design and development of cTrader revolves around traders. Released years after MT4, cTrader was built upon the success of MT4 while adding more functionalities that users really wanted but are not getting from the former.
With a sleek design and plenty of built-in features, you can attract more clients to trade with you. Execution on cTrader is blazing fast and it feels comfortable while trading.
Client’s Adopting cTrader
With sophisticated functions and easy-to-use interface, traders will love it once they get their hands on cTrader. Be some of the first IBs to introduce cTrader to their clients and lead the pack.
>Find out what cTrader can do, read me.
>Click here to access cTrader and its award winning features! Gain access to FXPIG's cTrader here!
More Ways to Earn
cTrader is not your ordinary trading platform. Yes, we can do advanced technical analysis on cTrader. The ability to place orders and manage trades are the basic tasks that it covers. But there is more to cTrader.
cTrader Copy
cTrader Copy is a built-in Copy Trading solution on cTrader that just works without the hassle of third party plugins.
With a cTrader account, everyone has the opportunity to be a Strategy Provider on cTrader Copy. By sharing your strategy and allowing others to copy your trades, you will receive performance fees by just trading as usual, on top of other revenues such as Management fees and IB rebates.
Learn more about cTrader copy for Strategy Providers
Individuals can also choose from a wide range of profitable strategies to copy. This helps with portfolio diversification and allows for better risk management.
Learn more about cTrader copy for Investors
Why is cTrader Copy important for IBs?
cTrader Copy is a major selling point to attract clients, regardless if they are traders or investors.
- If your client is an experienced trader, get him/her to be a Strategy Provider on cTrader Copy. The trader will receive lucrative performance fees and you will be counting your IB rebates. The more volume your Strategy Providers generate, the greater is your commissions.
- As for your clients who wish to copy others’ trades, get them on cTrader as well and they can browse through thousands of great strategies and select the ones that best suit their investment needs. Similar to the above, the more volume that your clients are copying trades, the more rebates you will receive.
Take Action Now.
Sign up now and start your IB Business with FXPIG!
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