Partner Cashback: A Special Offer for IB Clients
Partner Cashback is a trading incentive FBS Partners offer their clients for their activity. These extra funds are deposited to traders’ trading accounts once a week to partly compensate for the unsuccessful trades and reward the successful ones.
Who are FBS Partners?
FBS Partners, or Introducing Brokers (IBs), are local representatives that work within the FBS Introducing Broker Program to promote the broker and its products in their region. Using their unique referral links, IBs introduce new clients to the company and get paid for this. Apart from attracting newcomers, FBS Partners guide their clients, assist in communicating with FBS, hold offline and online educational events, etc.
What is Partner Cashback?
Partner Cashback is a Rebate that clients receive from their Partners. So after receiving their commission, an FBS Partner can return a percentage of it as cashback to their clients. This is a gesture of gratitude from IBs to their clients.
The cashback is paid automatically every Monday, regardless of whether your trades are winning or losing. So use Partner Cashback to make up for lost money on the next trade. If the trade has been profitable, enjoy an additional boost to your profits.
How to get Partner Cashback?
To receive cashback from their Partners, IBs clients can do the following steps:
- Ask the Partner to set up a cashback. The Partner may set any Rebate at their discretion.
- Respond to the Partner’s offer via a link with a built-in Rebate percentage. In this case, the cashback will be stated and will not be reduced or canceled.
What does the size of Partner Cashback depend on?
Partner Cashback amount depends on several factors:
- The commission received by the Partner. This commission is directly linked to the client’s trading activity, such as their trading volume, assets, and account type.
- The percentage set by the Partner. FBS Partners can set any percentage they wish – 5%, 10%, 20%, and more! Some Partners even return up to 90% of their commission in cashback to their clients.
Why do Partners share their commission?
Partner Cashback is a win-win situation for both traders and Partners.
FBS Partners can use it to attract new clients, retain existing ones, and encourage them to trade more. This leads to an increase in commission earned by Partners, which can be up to 4 times higher on average. Depending on a region, with only a 5-10% rebate, IBs can increase their commission by a maximum of 9 times.
As a result, the increased commission earned by Partners allows them to offer more cashback to traders. Thus, by receiving extra funds for their operations, traders get compensated for losses and increase earnings from successful trades.
For more information on the effectiveness of rebates, check out the survey in our article Rebate: A Perfect Client Retention Tool.
In conclusion, if you want to earn more while trading, take advantage of Partner Cashback. Get involved with your Partner offer, start trading, and enjoy the benefits of Partner Cashback every week.
Go further and get generous rewards within the exclusive FBS Loyalty Program. Don’t miss out on this lucrative opportunity!
Are Rebate and Partner Cashback the same things?
Technically yes, Rebate and Partner Cashback are the same things. They are the money clients get from a Partner for their trading activity. At FBS, Rebate is also the name of the service that Partners use to set their Partner Cashback.
Can a Partner cancel or reduce the size of Partner Cashback?
If the Partner Cashback is set with a built-in guaranteed offer, then Partners cannot cancel or reduce the size of Partner Cashback. In this case, the cashback amount can only be increased, but it cannot be adjusted to less than the guaranteed percentage already offered. In other cases, Rebate is set by Partners at their discretion.
Why does the broker pay commissions to its Partners?
FBS pays commissions to its Partners to attract new clients to the company and motivate them to trade. This helps the broker’s client database grow, and the more clients trade, the more commissions a Partner receives.
What is an IB Program?
FBS Introducing Broker (IB) Program is a referral program that allows you to earn some of the highest commissions on the market by attracting clients to FBS. The more they trade, the more commissions you get. This is probably the best way to start your own business and earn a steady income.
How can I start receiving commissions from clients?
To start receiving commissions from FBS, you need to become an FBS Partner and attract clients. To register as an IB, you need to visit the FBS Introducing Broker Program page on the official website and click/tap the Open a Partner account button. To attract new customers, you can introduce FBS and its services on social networks, hold educational trading webinars, open an office, and offer Partner Cashback to refund clients’ losses and reward successful traders.
How to earn up to 43% of the spread?
You first need to register as an FBS Partner. Once you open a Partner account, invite your friends to become FBS clients by sharing your referral link. When your friends start trading, you will receive a commission. To earn 43% of the spread, you need to attract a large volume of multiple clients or focus on a few high-value clients.
How much is a Partner’s commission?
FBS offers some of the highest commissions for its Partners on the market, up to 43% of the spread. The commission is paid for every deal without any exceptions, such as a necessary number of clients, traded lots, or pips.