The so-called IB in the industry, in English, would introduce the Broker, which in Chinese would be the Introducing Broker.
They are the equivalent of brokers, who help to introduce customers to dealers to open accounts, and then get a certain amount of commission from dealers as sales commission.
Introduction brokers have a role in many industries. They are the “catalyst” of the industry and the indispensable link between the industry companies and their direct clients for the purpose of obtaining commissions or other returns.
This profession is particularly prominent in this field. China’s current foreign exchange market is a closed market system with interbank market as the center and many aspects of foreign exchange trading are regulated, resulting in insufficient competition and low efficiency.
When foreign brokers come to China to develop business, it is inevitable that they do not know the distribution of Chinese people, investment habits, risk tolerance and so on. Many factors restrict their business development. IB of China can be said to have played a great role in helping them develop customers.
Secondly, there are a lot of foreign exchange investors behind every IB. Seizing an IB often means that you will have a lot of customers. At the same time, the communication between Broker and customers will be smoother due to the existence of IB, and customers will have a better user experience.
In China, because the foreign exchange industry itself is a non-sunshine industry, of course, here is not to say that no one can be seen, nor does it mean that the light will die, but there is no legal recognition.
Because there is no clear regulatory institution in China, let alone a complete regulatory legal system, the whole market can be said to be quite chaotic.
Black platform, cheating and kidnapping events emerge in endlessly, for customers on the one hand it is difficult to distinguish these platforms is sometimes a very difficult thing.
Even high-quality platform on the other hand, there are, in and out of gold speed, clinch a deal, slippage, and many other aspects of the different, for the customer, the extent of the possible risk for the deal they can bear is different, some other customers is the difference in priorities, some is priority to clinch a deal the speed, then let them to choose the platform, tend to spend a lot of energy,
There is also a loss of money, and choosing a good introduction agent is often very important.
Of course, there is also a point for those small white customers, they do not understand the industry knowledge, do not understand the account, do not understand the risk control, they need the help of IB, you can say to directly find a broker, but brokers are mostly MM, how do you choose?
A strong rebound on the 96 mark, non – American currencies have dived.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
