Are you looking to gain extra income? Tickmill's Introducing Broker provides a solution to earn from the forex market without opening any trades.

The vast development of online trading has opened up a bag full of opportunities to earn money in ways that never existed before. Retail traders can now participate in financial markets rather easily and experience the same trading environment as investment banks and large companies. One of the attractive methods to earn an income is through Introducing Broker (IB) programs.

Many forex brokers these days offer the chance for traders to become an Introducing Broker for their business. It can help them earn new clients and promote their services to a wider audience. Meanwhile, traders can use such an opportunity to make additional income or even make it a strong stand-alone business. In this guide, we're giving you a complete view of Tickmill's Introducing Broker service to help you understand what exactly you can get from it and how to become a professional in no time.

Tickmill Introducing Broker

 

 

What is an Introducing Broker?

Introducing Broker (IB) initially started in the commodities futures market but has grown significantly in the currency market over the current years. It basically refers to the act of making money by referring people to a certain broker. To put it simply, IBs are agents that introduce new clients to brokerage firms and earn money for every client they successfully attracted.

Many people actually have been doing such practice for a long time, just not in an official capacity. For instance, it's common for traders to recommend their favorite brokers to their friends and persuade them to become clients as well. However, it was only recently that these people were able to start earning from doing so.

That being said, the IB industry has introduced a great source of income for traders, as they can now make an official agreement with forex brokers to gain clients and access a larger marketplace with better resources.

 

Tickmill's Introducing Broker

Tickmill is a leading brokerage firm that offers a wide range of instruments and supports various trading strategies for traders worldwide. At Tickmill, becoming an Introducing Broker is very easy as there is no cost to sign up. You are free to work from anywhere and promote your service through any means you like. You can refer traders directly, guide them through the live account opening process, and introduce all the benefits of becoming a Tickmill client.

Website
Established
2014
Leverage
1:500
Min Deposit
$100
Regulation
FSA (Seychelles), FCA, CySEC, BaFin, FSCA, FSA (Labuan), DFSA (Dubai)
Bonuses
PAMM
Trading contests
Segregated accounts
VPS
MAM
Free education
Trading by phone
Negative balance protection
Compensation scheme
VPS
Personal manager
Affiliate program
Copy trading
Webinar
Islamic account
Low spread eur/usd
WebMoney
Skrill
Wire transfer
Neteller
QIWI
FasaPay

Tickmill is an award-winning global ECN broker, authorized and regulated by the Financial Conduct Authority (FCA) in the UK, CySEC in Cyprus, and the FSA of Seychelles. Founded in 2014, it offers its retail and institutional clients various trading services with a prime focus on forex, stock, commodities, CFDs, and metals.

For traders who prioritize the value of spreads in broker selection, Tickmill provides excellent services with low spreads, starting from 0.0 pips.

The London-based company has a mission to provide clients with the best possible trading environment, so clients can focus on trading and become successful traders. One way to reach its mission is to offer a fast-execution of 0.15s. With this facility, it's no wonder that Tickmill gets the 2019 Best Forex Execution Broker award by the CFI.co Awards. Also, Tickmill received the achievement as Best CFD Broker Asia 2019 by International Business Magazine, the Best Forex Broker Asia, and the Most Transparent Broker 2019 by Forex Awards.

After registering in Tickmill, traders can choose the most ideal asset among 60 currency pairs that they can trade. If traders aren't sure yet to open a real account, Tickmill recommends learning to trade through a demo account.

There are also educational features such as Webinars, Seminars, Ebooks, and Video Tutorials. All of these facilities can be used by traders to increase knowledge about trading and the financial market as a whole. If traders already have enough knowledge, they have a greater opportunity for earning profit consistently.

For traders registered in real accounts, they can choose between provides three types of accounts, including Pro Account, Classic Account, and VIP Account. Traders can open positions with a minimum order of 0.01 Lots. This applies to all types of accounts.

The company provides recommendations for traders who are still confused when choosing an account. For example, for novice traders, Tickmill encourages clients to choose a Classic Account. It offers optimal conditions with fast order execution while enabling traders to use virtually any trading strategy. Additionally, the account is trade commission-free so traders only pay the bid/ask spread. Other than the 3 main accounts above, Tickmill also provides an Islamic account (swap-free).

The downside is, trading with Tickmill will only enable traders to use MetaTrader 4 as their offered trading platform. Although not much if compared to other brokers, the Tickmill platform provides a user-friendly and highly customizable interface, accompanied by sophisticated order management tools to help traders control positions quickly and efficiently.

The convenience of trading on Tickmill is enhanced by the existence of One-Click EA integrated on MT4. Traders will get Stop Loss and Take Profit calculations automatically. On top of that, Tickmill provides a VPS hosting for automated traders that can't be bothered with technical problems such as troublesome internet connection.

They offer several third-party research solutions, including Autochartist, which is a popular pattern-recognition software that uses automated technical analysis to make forecasts and generate trading signals. Autochartist is available both in Tickmill's web portal and as a platform plugin for MetaTrader 4.

As a Tickmill client, a trader can deposit and withdraw with a variety of payment methods, including Visa, Mastercard, bank transfer, and Skrill. Tickmill accepts deposits and withdrawals in 4 currencies, which include USD, EUR, GBP, and PLN.

Overall, Tickmill is a competitive broker in spreads and provides a safe trading environment with its regulated entities in three different jurisdictions. Although their trading platform is not outstanding, the analytical tools they present to equip traders' needs are considered by retail broker standards.

 

How Does It Work?

As mentioned before, Introducing Brokers make money from referring new clients to a specific broker. The process is actually pretty simple. First, the IB must attract new clients and guide them to open an account. The active client will then deposit some funds and start trading with their live trading account, generating certain trading volumes for every closed trade. As it happens, the IB will earn commissions based on the client's trading volume. The larger the volume, the more commissions the IB gets.

Keep in mind that brokers will only pay for every client that becomes an active client. So, if you refer five traders to a broker but only two of them register and deposit funds, then this means that the broker will only pay you for the two traders who went on to become active clients.

 

Who Can Become an IB?

Anyone can become an Introducing Broker. Typically, successful IBs are advanced traders who have a proven track record and ability to analyze the market effectively. Having high-quality trading skills can certainly help them attract clients because they are considered reliable and trustworthy. Most people tend to follow recommendations either from someone they know or someone they admire, so this is certainly a big advantage for advanced traders.

However, it is worth noting that not all IBs come from such a background. With the right support and resources, it's actually very possible to become a successful IB even with little to no experience. Social media is a great place to start gaining a wider audience by posting useful trading-related information, advertisements, and various brokerage offers.

It is also a great idea to engage with people and demonstrate good knowledge of the markets to gain their trust. There are many communication channels that can be used for this purpose, such as websites, online forums, etc. The more followers you get, the higher the chance to get referrals, active clients, and ultimately, commission payments.

 

What You Can Offer to Clients

As a Tickmill's IB, here are the products and services that you can offer to your potential clients:

  • Effective and insightful trading analysis
  • Free tuition and guidance, including daily and weekly actionable trading ideas
  • Interactive assistance via video calls or webinars
  • Quality education to improve trader's skills
  • Interactions in forums and communities
  • Reliable Expert Advisors and trading signals
  • Various attractive cashback services
  • Intuitive trading platforms for social trading and algorithmic trading
  • Access to many reliable news sites and channels

Where to Find the Information on the Official Broker Site?

  • This information is reported per May 19 2024.
  • We can not ensure if this offering is still available or remain the same in future.
  • The broker announcement page may or may not exist anymore, You may explore Tickmill homepage and try to find "Promotion" section on the menu, footer, etc, to ensure the availability and validity of this promotion.

 

How to Become a Tickmill's IB

  1. Register to Tickmill
    Simply head over to their website and create an account. Fill in your personal information as well as trading experience to complete the client area registration.

  2. Verify your data
    Upload the required documents for the verification process. Once your account is fully verified, the broker will inform you via email and the status of your account will be automatically changed.

  3. Become an IB
    Open your client area and enter the IB room to activate your IB account. Get the resources you need to promote the broker, such as links, logos, banners, and landing pages.

  4. Start advertising
    Use marketing materials to post attractive advertisements and gain new clients. Then, refer clients to Tickmill with your unique tracking number.

  5. Earn commissions
    As the client starts trading, you'll earn commissions according to the agreement. The amount will be paid automatically once the client opens and closes the trade.

 

Advantages You Can Get

Becoming an IB in Tickmill can give you numerous benefits, such as:

  • Get to work with one of the most reliable and transparent brokers in the market.
  • Earn $10 per lot on a Classic account, and $2 per lot on Pro and VIP accounts.
  • Commissions will be given automatically for qualified currency and metal trades made by your referral.
  • Access to powerful IB Room that is equipped with comprehensive fund and account management tools.
  • If you are able to recommend your client to open a Pro account, they will get a 5% discount on the commission.
  • Use a broad range of ready-to-use marketing materials and resources to attract new clients.

 

How to Attract Retail Clients

Typically, Introducing Brokers start growing their network by promoting the broker to clients that they know directly. This method tends to have a high success rate because it's easier to convince people directly, especially if they know who you are already and what you are capable of. However, this can only take you that far. You need to expand your business and attract a wider audience. Thankfully, the internet now provides an endless range of communication methods to get you started.

There are various platforms that you can use to catch a trader's eye. Facebook, Whatsapp, Instagram, and Telegram are some of the powerful choices to try. You can also create a dedicated website of your own to post various content related to trading. The key is to provide a certain degree of free but valuable information. This could be anything from daily market news to brief market analysis of a certain instrument price. Make sure to demonstrate good quality content to build your reputation, but don't give away too much. At the same time, imply that the client will get so much more once they register with the broker as an active client.

Use the platform to create a solid community of traders and give a sense of unity, belonging, and support. Interact with them and listen to their experiences with forex brokers. Aside from that, it is also a great idea to generate a list of emails from attracted clients and send them newsletters to let them know about the latest offers from Tickmill.

It is important to understand that once you've successfully attracted new clients, you still need to retain them and ensure that they stick around for the longest time possible. In this case, you can offer them continuous guidance and exclusive materials to keep them trading. You can then increase the level as time goes by. For example, start by offering weekly webinar sessions to one-on-one sessions. Such a method can add value to clients and make them stay longer.

 

Final Thoughts

Becoming an Introducing Broker is a rather exciting opportunity for anyone looking for extra income. It's completely free of charge and doesn't have complex requirements. It is also a great advantage to promote Tickmill considering the broker's reputation in the trading community. You can get extensive marketing materials and offer various high-quality products to your potential clients, making it easier for you to earn commissions in return for your hard work. Just keep in mind that in order to be successful in this field, you need to have a good business plan. Make sure to do your research and put your client's interests as a top priority.

 


Tickmill is the brand name of Tickmill Ltd. which offers trading services with premium products and innovative technology. Superior trading conditions, ultra-fast execution, safety of client funds, and dedicated support are at the forefront of their offering.