Frequently Asked Questions

What is an Introducing Broker (IB)?
An Introducing Broker is an individual or company who refers/introduces a party to CMS Forex, enabling that party to trade the Forex market.
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Is an IB a CMS Forex employee?
An IB is NOT an employee of CMS Forex and has no connection with CMS Forex other than as a contracting party with CMS Forex under the Introducing Broker Agreement.
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What is the IB compensation process?
IBs will receive compensation at the beginning of the month based on his introduced clients’ total round turn lots traded in the previous month.
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Can an IB or MM trade on behalf of his clients?
A MM can manage his clients’ accounts and trade on behalf of his clients through the Limited Power of Attorney.
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How does an IB manage his/her Forex business with CMS?
A password-protected online IB business report will be provided to the IB, which gives the IB the ability to monitor his clients trading activities and calculate their IB rebates 24 hours a day.
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Do I have to pass any brokerage exams or register with specific financial regulatory organizations to become an IB?
If you plan to operate your IB operation in the USA or solicit clients who reside in the USA, you must register as an IB with the NFA. If you intend to manage the accounts of US clients, you will need to register with the NFA as an IB and a CTA. Both IB and CTA registrations with the NFA require passing the Series 3 and Series 34 examination. For more information on the NFA registration process click here
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Can my clients sign up for a demo account directly from my website?
We will provide you with a demo signup form in the form of a short snippet of code that can be embedded directly into the HTML code of your website. Alternatively, you may choose to link to the form as direct hyperlink. After filling out the demo form, users may be brought to a personalized confirmation page on your website or receive our default confirmation message.
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Currently I am a CMS Forex client, can I become an IB? How?
Yes, you can become an IB. Please click here to apply.
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Do I have to incorporate to become a CMS IB?
No. You can choose to apply as an individual IB.
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I own a company. Can I use my company to apply for an IB contract?
Yes. You may apply as a corporate IB.
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