How to become an IB
The cTrader IB Center is only accessible to Live accounts which have been given this status by their broker.
To get IB status you should contact your broker directly to find out their terms and conditions and complete any required agreements they may have.
If you click on the IB Center button inside the platform from a Live Account without already having IB status you will receive a message from a new window where you can submit a request to your broker for IB status, if you do submit the request it will be sent to your broker to be reviewed, if you have not received a response, you should contact your broker directly.
Once you have been given access to the IB Center it can be launched by using this button.
If you click on the IB Center button inside the platform from a Demo Account you will be presented with the below message telling you to either open a Live Account or log into your Live Account.
The cTrader IB Program supports an unlimited number of IB levels. The IB at the top of the hierarchy will always receive something from each IB beneath them regardless of how many there are. The more IBs there are in the chain will cause dilution as revenue sharing travels from the IB at the bottom to the IB at the top.
Here is an example of how revenue is shared and the calculation for how each IB for each level is paid, from the bottom to the top of the chain.
In this example each IB must share 30% with their Parent IB and the first IBs revenue share from their broker is $1000.
IB 6 has $1000 from their clients performance, IB 6 shares 30% with their Parent IB, (1000*0.3=300) $300 will become IB 5’s profit and $700 will be the total profit for IB 6.
IB 5 has $300 which is their income from IB 6, IB 5 shares 30% with their Parent IB, (300*0.3=90) $90 will become IB 4’s profits and $210 will be the total profit for IB 5.
IB 4 has $90 which is their income from IB 5, IB 4 shares 30% with their Parent IB, (90*0.3=27) $27 will become IB 3’s profit and $63 will be the total profit for IB 4.
IB 3 has $27 which is their income from IB 4, IB 3 shares 30% with their Parent IB, (27*0.3=8.1) $8.10 will become IB 2’s profit and $18.9 will be the total profit for IB 3
IB 2 has $8.10 which is their income from IB 3, IB 2 shares 30% with their Parent IB, (8.1*0.3=2.43) $2.43 will become IB 1’s profit and $5.67 is will be the total profit for IB 2.
IB 1 will receive $2.43 from IB 2 and this is their profit from what IB6 achieved.
While this calculation is based on only IB 6 earning money from their activity, in practice, each IB within this chain will have other sources of revenue from their clients and other Sub-IBs and Sub-IB chains. Additionally while only six levels are present in this example, the potential of this application is unlimited.
The more Sub-IBs which an IB has will result in them being part of multiple chains as displayed in the above example. A single IB could be at the top of hundreds of chains with hundreds of levels.
The Progress Bar is located at the top of the IB Center, it indicates the number of ranks in an IBs revenue sharing plan which their broker has created for them. The Progress Bar fills from left to right as the volume of the IBs group of clients grows. This indicates what revenue percentage will be received during the next calendar month. Each rank is identified with a name, sequence number and the percent of revenue which will be received from the broker's total revenue.
If the rank has been filled with green then the necessary requirements set by the broker have been met for that rank. By hovering over one of the ranks in the progress bar more information will be displayed.
IB Accounts Tab
This Tab is the default Tab and contains details of IBs clients accounts and a summary of the IB’s performance.
This button refreshes the information inside this tab, once clicked the most up to date information will be displayed.
This button allows you to export the current grid to excel.
- Clients: This is the number of accounts which are regular traders.
- Sub IBs: This is the number of accounts which are IBs underneath the IB (Sub-IBs).
- Rank (This Month): This is the rank which the IB is applied to for the current calendar month, based on the previous months achievements.
- Rank (Next Month): This is a summary of the information which is displayed on the progress bar.
Total Group Volume: This is a summary of the IBs clients trading volumes which is applied to their rank progression, the first number is the total volume, then it is broken down into:
- Your Volume: This is the volume which the IB has traded themselves, this is also applied to their rank progression.
- Client Volume: This is the volume generated by the IBs clients with regular trading accounts.
- Sub IB Volume: This is the volume generated by Sub-IBs and their clients.
Inside the IB History tab you can run detailed reports for your own accounting purposes or use this information to aid the retention of your clients.
Run the report for the time period entered.
There are 6 summaries at the bottom of this tab which calculate totals for the field they relate to for the time period chosen when running the report.
This tab informs you of all transactions which directly relate to IB activities. It filters out all other account transactions.
IB transaction are also displayed inside the cTrader Transactions Tab above the DealWatch section of cTrader.
- [Deposit] IB Payment - Bulk payment for the entire days revenue from Traders
- [Withdraw] Rebate for : <account number> - Rebate given by IB to Trader
- [Withdraw] Bonus Conversion for : What is owed to the introduced client for any converted bonus which was awarded by IB.
- [Withdraw] Split Revenue To IB : Parent IBs percentage of revenue based commission
- [Withdraw] Split Revenue To Broker : Broker's revenue percentage
- [Deposit] Split Revenue From IB : Revenue based commission from Sub-IB’s which are underneath this account.
Bonuses which are given by an IB are used exactly the same way as if the broker had given them. If a Trader has a convertible bonus from both their Broker and IB then the bonus from the Broker is converted first, once the entire bonus from the Broker has been converted then the bonus from the IB will be used for conversion.
Bonus conversion criteria is set by the broker and can not be changed by the IB. Bonuses from the IB and Broker share the same conversion criteria.
Once a bonus has been given it can not be withdrawn. If a bonus is non-convertible then it will remain in the trader's account indefinitely. If the bonus is convertible then it must be used until it has all been converted into balance.more on cTrader bonuses.
The rebates which are given by an IB are a percentage of their revenue from the introduced client. IBs have control over the rebates they give to their introduced clients and can be controlled on a per IB basis. Rebates are automatically withdrawn from the IBs balance after their earnings for the day have been realized and added to their balance.
IBs can generate trackable links which are unique to their cTrader ID, it is not possible to use this feature of the IB Center without a cTrader ID.
Any URL can be made trackable by opening the link settings by clicking the cog icon and choosing “other” inside the drop down box and then manually entering the desired URL. There are preset links which are cTrader Web, cTrader Desktop and cMirror, by using these preset options you can select the landing page language for when that link is used.
Once a link has been generated it can be copied by clicking the copy icon, this link can be used anywhere.
Once a Trader opens a live account with your broker and has created a cTrader ID with the cookie implanted from your unique link, they will automatically be assigned as the IBs client and will appear inside their IB Center.
Because IB links are unique to the cTrader ID and not the broker, IBs can use the same link when representing multiple brokers. This means if an IB represents 5 brokers and a client opens an account with all 5 brokers with the IBs single cookie, the client will be assigned to the IBs Introducing Broker Center for all 5 brokers.
By choosing to “Show cTID Sign in” before creating the trackable link it will present the user of the link with the opportunity to create a cTrader ID or log into their existing one before being forwarded to the link destination.
While most questions about the IB Program should be directed to your Broker, especially those regarding withdrawals, commissions and other elements that are specific to their terms and conditions; however here are some questions which we can answer.
How many brokers can I be an IB for with my cTrader ID?
How many clients can an IB have?
How many Sub-IBs can an IB have?
What if I have a different account currency to my introduced client or parent IB?
Where can I get promotional material from?
Can I access the IB Center from a Demo Account?
Can I manage clients from different brokers inside one IB Center?
Can I trade using an account with IB status?