July 24, 2024

Introducing Broker program grows exceptionally boosting the earning potential for brokers

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With a size larger than the stock market, Forex market is the largest financial market in the world with an average trade magnitude of USD 6.6 trillion every day. London, New York and Singapore have emerged as the largest financial centres in the world. The United Kingdom takes the top spot with an enormous contribution of 43.1% followed by the United States with 16.5%.  The United Kingdom, United States, Hong Kong, Singapore and Japan are booming as the key players in the industry reporting 79% of the forex trading worldwide.

The Brokerage Industry is expected to prosper in the next five years with lucrative business activities propelling this commission industry across the globe. In the era of online trading, Introducing Brokers(IB) has profoundly impacted the Forex Market, creating opportunities for traders looking for brokers and then leading to clients. While the Future Commission Merchant (FCM) buys or sells forex contracts or any orders on futures in exchange for money or other assets, Introducing brokers (IB) helps in bringing clients onboard reducing the volume of work and also increasing the efficiency of the process.  

The United States continues to dominate the currency market as  majority of the trade is reported to be converted from USD. Having the most flexible financial markets and the most transparent corporate governance are some of the factors that drive the demand for this currency. United States Dollar to Euro(24%), Japanese Yen (17.8%), Great British Pound (9.3%), Australian Dollar (5.2%), Canadian Dollar (5.2%), Chinese Yuan (3.8%) and Swiss Franc (3.6%) are the top most traded currency pairs in the world. 88% of the foreign exchange happens with USD involved in the pairs.  

As exciting as it may sound, Forex trading has its own risks resulting in loss of money with the investors. Rapid changes in the currency markets and high leverages make it difficult to predict Forex. It is reported that 99% of forex traders are unsuccessful in making profits trading for more than four continuous quarters.

Inside this massive industry, YaMarkets is one of the leading financial service providers in Asia with a well established user friendly trading platform for trading currencies, commodities, and indices. Round the clock customer assistance and nicely designed training programmes for clients makes it one of the ideal platforms for trading services.

Partner powered Financial Inclusion

Yamarket’s Introduce Broker (IB) program has been doing phenomenally well with a significant increase in clients across Asia. Under the program, a broker introduces a client to Yamarkets for which the person receives a commission in return. The company has made the process free to sign up and can be done from anywhere across the globe.

Yamarkets has put up three accounts which are, the Classic, Pro and VIP accounts under which the individuals get paid according to the types of account they may have. It is USD 10 per lot on a classic account and USD 2 per lot on pro and VIP accounts. The individuals get paid further every month in the loyalty program where they receive 10 percent for making USD 500-15000, 15 percent for making USD 15,000-30,000 and 20 percent for making more than USD 30,000. Opening an account, getting access to the marketing materials, bringing in clients and earning commission are the three simple steps to becoming a YaMarkets Partners.   

Backed by its exceptional Human Resource Management team, Yamarkets delivers the best solution available in the industry. The liquidity sources are monitored round the clock and operational costs are economical.

Solid FX, EA Trading, MAM Accounts and Copy Trading are some of the great assets of Yamarket. Forex, Crypto, CFDs (contract for differences) on big US Stocks, and CFDs for regular stocks are some of the best trading instruments provided by YaMarket. The company has transformed into a fully digital entity with the entire process from account opening to the rest, involving  IB, being done entirely online. The Forex company takes no commissions, Inactivity fee and withdrawal fee, making it an ideal and customer friendly platform for brokers.

Features that grab IB(alls)

Demo Trading, Specialized training, Educational Videos, and Economic Calendar are some of the educational and research services offered by YaMarkets. MT4, MT5 and WebTrader are some of the widely known platforms on which YaMarkets offers its services on. Inclusive of Live chat, the company’s customer service is available 24/7 making it a convenient experience for individuals engaging into the Introducing Brokers program (IB).  

Safety has been a top priority for YaMarkets with well established customer safety protocols from MISA (Maintenance of Internal Security Act) and VFSC (Vanuatu Financial Services Commission) and various stages of data security, assuring secure financial activities for customers.

With a minimum deposit of just USD 10, trade can be done on today’s most widely used MT4 and MT5 platforms using YaMarkets’s seemless app available on playstore, app store and Microsoft store for windows.  

Tracking the Rise of Forex

Forex market, the only financial market operating 24/7 is expected to have an enormous growth in the future with 7.5% CAGR  worldwide by 2026 . With USD 4 trillion per day in 2010 to USD 6.6 trillion per day in 2019, Forex has kept the graph soaring.  The increase in information for trade such as strategies, expert advisors, analysis, and many more has been contributing to the increase of participants. Furthermore, internet technology, volatility, advanced trading systems, globalisation, international trade and risk management attribute to the future growth of forex.  

Since the number of participants are expected to rise, the participant’s reaction to events (War, natural disaster) that influence the trends will be quick and tighter regulation will restrict a certain number of brokers in the business. Indistinctive trends are bound to cause the participants even harder to speculate. As high as the Forex may rise, it will continue to carry the substantial amount of risks involved, although it is wide open for making a great deal of money.

Blog By Harish Rajulu

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