The Cyprus-based broker FBS always tries to innovate in providing the best facilities for their traders. In early August, FBS revamped its Introducing Broker (IB) program with the introduction of a swifter and more transparent commission payment system.
Under this new system, this versatile multi-asset broker has eliminated the 59-point rule, restricted IB earnings, and the fixed fee per lot based on the instrument and account type.
Starting immediately, FBS partners will receive commission payments based on a percentage of the spread for each order without imposing demanding conditions like the number of clients or traded lots.
This Cyprus-based broker has also implemented a 6-level structure for determining partner commission percentages, where higher levels yield higher rates. This structure enables commission rates to reach up to 43% of the spread.
"The new system is to give our partners the freedom to accept rewards and pursue growth strategies that suit their preferences."
"FBS partners can earn a maximum commission of up to 43% on the spread regardless of the difference in trading prices of their clients," commented FBS Chief Commercial Officer Dmitry Pasechnik.
Furthermore, as a CySEC-licensed broker, FBS remains dedicated to facilitating a seamless transition to the new system over the next three months, progressively enhancing the implementation for each partner.