Who is BIC Markets?
BIC Markets is the forex and CFD division of B.I.C. Banking Group. Our objective is to provide traders across the globe with cutting-edge technology to trade on the world’s markets. We are driven to offer traders incredibly low-cost pricing across all FX, CFDs and Commodities with the added security of strict financial regulation and industry-leading customer support. BIC Markets offers a range of online trading platforms including MetaTrader 4, WebTrader and mobile apps for iPhone, Android and tablets.
Why is the BIC Markets IB Programme so successful?
At BIC Markets, we understand the importance of the introducing broker and we offer one of the leading programmes in the industry, featuring competitive commissions, marketing tools and excellent support. Furthermore, all of our introducing brokers have access to an online portal where they can view their referred client's every trade and rebate.
How frequently does BIC Markets pay the IB commission?
The introducing broker is paid in real-time to their secure online Partner Portal. The introducing broker can then withdraw the rebates by submitting an online request or they can transfer internally to their trading account.
Why don’t clients pay more when they go through an IB?
The introducing broker refers clients to BIC Markets, the referral commission is their reward for advertising and referring the client. It’s important to BIC Markets that these clients have the same pricing as if they came directly to our firm. This ensures that every BIC Markets client has the same trading and customer support experience.
If the client doesn’t pay extra, how does a broker compensate the IB?
At BIC Markets, we rebate the introducing broker a percentage of the spread. The spread is the maximum a straight through processing (STP) broker can make. This means that all of the trades are passed onto a liquidity provider and the broker earns the difference in the spread between the transaction with the client and that with the liquidity provider.
What makes a successful IB?
The best way for the introducing broker to increase their revenue is to use social media to promote their referral link. Some of our best performing introducing brokers manage their own trading blogs and websites. Facebook adverts are a valuable tool for the introducing brokers as they can choose the audience and generate a lot of traffic to their blog or directly to the broker's website.
What are some of the benefits of trading the forex market?
There are several reasons investors might choose to trade currencies instead of other products. Below are five main points as to why many people choose to trade forex over equities.
Accessibility: Forex trading takes place on many different exchanges across the world, and as a result, investors can make currency trades 24 hours a day during weekdays. The forex market is also the largest capital market in the world, involving more than US$5 trillion in notional value worth of transactions per day.
Liquidity: As there is so much activity, the global forex markets provide substantial liquidity to traders. While certain assets may be more difficult to buy and sell, traders interested in currencies will likely find substantial opportunities. Liquidity risk can occur around major news events if liquidity providers seek to limit their exposure to market volatility.
Leverage: Investors can potentially access far more leverage when trading currencies than they can when trading other assets. However, it is important to keep in mind that risk is inherent to investment. While using leverage to make larger trades can amplify returns, it can also amplify the size of losses.
Global Exposure: Forex trading provides investors with an opportunity to obtain exposure to economies across the world. By taking a more international approach, traders might diversify more successfully or potentially achieve higher returns by putting their money to work in areas that have greater potential. Once again, risk is inherent to investment, so no returns are guaranteed and investors must conduct their due diligence on regions.
Low Trading Expenses: Because there are so many buyers and sellers, spreads are low and trading costs are modest.
Is it risky to trade forex?
Like any form of investment, forex trading involves risk. The currency markets can experience sharp fluctuations, just like the stock, bond or commodity markets. Therefore, investors interested in forex trading are encouraged to conduct their due diligence and/or consult an independent financial advisor before making any transactions.
In terms of specific risks, the forex market can present investors with less liquidity risk because of this particular market’s highly liquid nature. In other words, there is less risk that an investor will find himself unable to buy or sell a currency pair because he doesn’t have another market participant to take part in a transaction. Liquidity risk can increase around major news events.
How can I open an account and trade forex?
You can easily open an account online with BIC Markets! We accept clients from most countries, however, there are certain jurisdictions we cannot accept.