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What is a introducing broker?
What is a introducing broker?
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- In Forex Brokers
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- Lisa
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- 1 year ago
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A person or organization which is able to perform all the functions of a broker except for the ability to accept money, securities, or property from a customer. |
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Any person (other than a person registered as an "associated person" of a futures commission merchant) who is engaged in soliciting or in accepting orders for the purchase or sale of any commodity for future delivery on an exchange who does not accept any money, securities, or property to margin |
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A broker or organization that introduces their customers to a clearing firm often taking a commission for this service. |
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A firm or individual that solicits and accepts futures orders from customers but does not accept money, securities or property from the customer. |
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Introducing broker (IB). An introducing broker is a broker-dealer that contracts with a clearing firm to handle the execution and settlement of orders that the introducing firm receives from its clients or its own trading desk to buy and sell securities. |
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A person or organization which is able to perform all the functions of a broker except for the ability to accept money, securities, or property from a customer. |
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