Navigating B2CORE’s IB Module: How it solves modern IB brokerage problems?

• Introducing Brokers face several challenges in today’s financial brokerage, including regulatory changes, attracting new investors, and the lack of transparency.
• B2CORE’s IB Module supports automation and full control measures, enabling brokers to build and scale their IB networks more effectively.

After a series of product updates and introductions that respond to market needs, B2BROKER’s B2CORE has come to its full form, solving modern administrative, operational, and transparency issues that most brokers face today.

The fully integrated IB Module makes managing a network of IB operators and affiliates much easier, more flexible, and straightforward. It focuses on reducing waste in time and workforce and empowering IBs with dashboards and tools to track their converted traders’ activities.

Brokers’ challenges and solutions

The Introducing Brokers program has become widely popular among brokerage firms to attract top-notch traders and populate their platforms at low marketing costs. It relies on intermediaries, influencers, and market experts to introduce new users to the brokerage platform and receive rewards in return. However, this model has several challenges.

According to research by the CME Group, IBs consider the rising compliance costs, administrative overheads, and finding new traders to be their top challenges. Many also struggle with the lack of transparency from the brokerage’s side, creating payment and commission disputes and leading to the IB leaving the broker.

Moreover, the manual tracking of referral links and converted clients is inefficient, especially for large brokerages with multiple IB programs, sub-IB networks, and diversified commissions.

B2CORE solves these issues by automating referral tracking and commission calculations, reducing human error, and speeding up the payout process. Additionally, it provides IBs with fully transparent dashboards that utilize real-time market data and multi-tier IBs that enable Introducing Brokers to expand their own networks.

The results? Brokerage firms reduced their administrative workload by 90% thanks to the automation of commission calculations and payouts. Additionally, brokers expanded their active IB networks by 120%, with another 75% in trading volume by IB-referred clients who enjoy faster payouts, better client engagement, and comprehensive support tools.

Focus on automation

One of the prime features that B2CORE informed us about is the automation of payments, management, tracking, and communication.

The idea behind this approach is to reduce the human error and delays associated with issuing payments, for example. When the payment cycle is due, the broker must manually count the IB’s converted clients, their trading activity, and gains, compare them with the IB’s commission agreement, calculate the payment, and then issue the payout.

However, automating payouts means that all the calculations are automatically done as the trader performs in financial markets, and the final amount is paid out once it’s due.

The system also supports automated referral tracking to ensure IBs follow up on their clients and sub-IB networks more effectively.

Flexible commissions

Flexible commission systems cater to different brokerage styles and IB strategies. B2CORE clients can configure their own settings from the four main plans: fixed, volume-based, hybrid, and markup and spread-based commissions.

The fixed commission uses a unified fee per referral or trade, while the volume-based plan uses traded lots and calculates payouts accordingly. The markup system enables brokers to share revenue from trading spreads, while the hybrid model uses a combination of structures.

This customization ensures that brokers’ objectives match the IB’s expectations, keeping them engaged and motivated.

High transparency

Introducing Brokers requires full visibility of their earnings, client activity, and payout details. As such, offering instant commission tracking and providing real-time updates on converted traders’ activity facilitates better IB retention.

B2CORE supports IB with a full view of their clients’ trading sessions, transactions, and deposits. This helps IBs locate gaps and create personalized services that will boost the trader’s engagement and the IB’s earnings.

This approach builds trust between brokerage firms and Introducing Brokers, retaining IBs on the broker’s platform for longer periods of time and achieving reciprocal earnings.

Scalability

Most brokers face scalability issues when growing. When the trading volume and IB networks expand on their platforms, they must invest more in updating their systems’ capacities.

However, the scalable B2CORE engine accommodates 10 or 10,000 IBs without additional workforce or requirements. This makes growth much more seamless and simplifies IB management.

Continued innovations

Having a scalable, flexible, and transparent IB module is essential for brokerage success, especially with the growing market needs and competition. IBs will switch to other brokerage platforms if their unique requirements are not met.

The B2CORE IB Module solves the transparency, commissions, and manual error challenges that most IBs face today, empowering brokers to build and grow a lucrative network of Introducing Brokers to expand their income streams.
 

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