A truth about IB

[trade2live]

IB is a good way of earning while sleeping or not trading at all, It some how related to having people doing the earnings for you. Imagine if you have 1000 active traders that trade in high volume every day, you can only imagine the profit that you will be getting just from a single job of referring.

[FXOjafar]

Well, if you think being an IB is about sleeping too much, you won't get very many clients and they will soon leave you. It's hard work!

[chinexex]

an IB program is just like marketing job (i hate marketing!).

you may get so many referrals

but the question is: how many referrals can you maintain that would be active traders...........1000???

i doubt that!

remember that your commission is a percentage/volume of trade made by your referral

[FXOjafar]

an IB program is just like marketing job (i hate marketing!).

you may get so many referrals

but the question is: how many referrals can you maintain that would be active traders...........1000???

i doubt that!

remember that your commission is a percentage/volume of trade made by your referral

True you have to be into marketing. To keep people active you need to support them.

[elsehaimy]

IB is a good way of earning while sleeping or not trading at all, It some how related to having people doing the earnings for you. Imagine if you have 1000 active traders that trade in high volume every day, you can only imagine the profit that you will be getting just from a single job of referring.

how the 1000 traders becomes active while you are sleeping ??

if money comes with sleeping , all traders will go to bed & all will be rich .

[lizerzoltan]

My wild guess only : i think the ...while you sleep was a way to refer to the fact that you dont have to trade personally.
Anyway, yes, if you dont offer support for your refs, and probably some opther incentives, like rebate, they probably will leave you soon.
Even more important, thatif they blow up their trade account, that is only a one time rebate you earn, not much like a stable income.But IF you know 3-5 of the real traders, who also happen to be profitable, thus be in the game for long, and able to trade 2-3lots + /position, you might have some earnings already...dont need 1000 refs to earn something

btw, any news about the multi account terminal option (PAMM? here) ?

[Totom]

IB is a good way of earning while sleeping or not trading at all, It some how related to having people doing the earnings for you. Imagine if you have 1000 active traders that trade in high volume every day, you can only imagine the profit that you will be getting just from a single job of referring.

but you must give them good rebates or other service or they will living you soon.

[leafar1715]

I do not believe that not be a valid IB ... is an efficient way to help some help and is also known ...

[yohanip]

IB is a side job of EVERY forex trader at FXOpen

[chengsta]

Nobody wants noob IB's anyway, just remember that. the last IB I had was a total noob, he thought he was hot stuff just because he had the IB title. If you're going to be an IB I suggest that you don't get full of yourself first.

[getpaid2trade.com]

Nobody wants noob IB's anyway, just remember that. the last IB I had was a total noob, he thought he was hot stuff just because he had the IB title. If you're going to be an IB I suggest that you don't get full of yourself first.

Very true.

An IB NEEDS to have experience in the market and NEEDS to be able to assist their clients in all matters relating to their accounts.

[RahmanSL]

I WOULD use an IB if the IB can advise how to safely & economically carry out money transfer from Malaysia to open a FXopen account, and then how to Safely & economically advise how to withdraw profits money out.

Simple as that and I am yours!

And if it works out for me, I WILL recommend my people, friends, and relatives to do the same.

"Making Profits is EASY, keeping it, is NOT

[getpaid2trade.com]

I am sure someone from FXmalay.com would be able to help you out, I know they do local bank transfers within Malaysia so that may be what you are looking for.

[nonamer]

I WOULD use an IB if the IB can advise how to safely & economically carry out money transfer from Malaysia to open a FXopen account, and then how to Safely & economically advise how to withdraw profits money out.

Simple as that and I am yours!

And if it works out for me, I WILL recommend my people, friends, and relatives to do the same.

"Making Profits is EASY, keeping it, is NOT

Hi

Just call 1 of them to get the next step for deposited using local bank in Malaysia

1) Diversify Resource & Services ( 019 4299 398 )

2) Three Lite Computer ( 017 9135 617 )

3) Kayaraya Unggul Services ( 016 3563 088 )

4) Karisma Trade Services ( 016 3246 884 ) - closed till 1 Jan 2009


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WITHDRAWING USING LOCAL BANK (malaysia)

Please make sure check this step when request Local Bank withdraw

1- Make sure you account already verify (require document needed to upload on trader cabinet to verify you account )

2- Please make sure the total amount of withdraw ( in USD and below than from FREE margin)

3- At the moment the rate exchange are => $5.00usd = RM17.50 (Start 1hb Jun 2009)

3- Remember the amount of withdraw must in multiple $5.00usd only

4- Please make sure :


* Do the SCREENSHOT Account Information Bank and SAVE under JPG File only
(Internet Banking like M2U, CimB).

* The screenshoot must show you name and account bank number

6- Then that File must send by email to wdrawlocal@fxmalay.com like example below

Subject/Tajuk: PENGELUARAN XXXXX <-- You Account Trade number

The information on email :

No Akaun : XXXXX (You Account Trade number)

Total Pengeluaran : In USD

No. Akaun Bank : (You Account Bank number)

Penama Akaun Bank : (Your name)

Then attach the screenshot file with email.



7- After done that, login into trader cabinet under https://fxmalay.cabinet.fxopen.com.

* Choose Pengeluaran Dana
* Then choose Bank Tempatan
* Fill the form :

Amount : (In USD)

Receiver Name : (Your name)

Account Number : (Your Account Bank number )

Address : (The address you registered with Fxopen/fxmalay when opening this account)

Bank Name: (Your bank name – Maybank ,CIMB or RHB)

Pincode : (Fill with you pincode )

Please make sure all data fill with the correct information.

Click Withdrawal

You will get confirmation email on email you registered with Fxopen/fxmalay.
So click link on that email to confirm but remember when you click make sure you still login on trader cabinet.

[RahmanSL]

Thanks nonamer for banking info.

However....Name? Bank Account Name? Pincode?...Quiite sensitive and private information to give out over the internet; doesn't it??? Not exactly what I want to hear though! Any other choices other than that?

Thanks again for info.