Did you know that there is a way to make money from referring customers to XM? That’s how many people have become partners of XM and receive attractive monthly commissions. This commission is called the XM IB Commission. So how do you calculate commission for XM partners? Let’s find out about MForex in the following article.
What is the XM IB Commission?
XM IB Commission is the commission that XM Exchange pays to partners when introducing customers to the exchange. XM partners can be IB (Introducing Broker) or Affiliate. Both can receive commissions from customer referrals. However, there are some differences in the calculation mechanism and commission levels.
Learn about IB XM
IB stands for Introducing Broker, that is, the person who introduces the broker. XM IB is a partner of the XM exchange, responsible for introducing customers to the exchange and receiving commissions from this. IB XM can be an individual, organization, company, website, blog, or forum. Or any communication channel capable of reaching and attracting customers.
What is the XM Partner IB form?
XM Partner in IB form is a partner of XM exchange in IB form. To become an IB XM Partner, you must register on the exchange’s website and be approved. Once approved, you will receive an identification code (ID) and a referral link. You can use this link to refer customers to the platform. When customers register an account and transact via the link. You will receive a commission.
How many types can IB XM be divided into?
IB XM can be divided into two types: Standard IB (Standard IB) and IB CPA (Cost Per Acquisition). Standard IB is a partner who receives a commission according to the number of lots traded by the customer. This commission is calculated per lot and depends on XM account types, product types, and client’s region. IB CPA is a partner who receives a commission according to the number of new customers they introduce to the exchange. This commission is calculated for each customer. Also depends on the customer’s area.
Concept of XM IB commission
XM IB commission is the commission that XM exchange pays to partners in the standard IB form. This commission is calculated according to the number of trading lots of customers that the partner introduces to the exchange. This commission can range from 5 USD to 10 USD per lot traded. Depends on account type, product type, and customer region.
XM IB commission calculation mechanism
To calculate you need to know the following factors:
Number of trading lots of customers you introduce to the exchange.
Customer account type (Micro, Standard, Ultra Low, Shares).
Type of product the client trades (Forex, CFD, Commodities, Stocks, Cryptocurrencies).
Customer region (Europe, Asia, Africa, Americas, Oceania).
What must XM IBs do to receive IB commission?
To receive XM IB commission, XM IBs must follow these steps:
- Register to become a partner of the XM exchange according to the standard IB form and be approved.
- Receive the identification code (ID) and referral link from the exchange.
- Use the referral link to promote the XM platform and attract new customers.
- Monitor customer transaction activity via the Partner Dashboard.
- Receive commissions from the platform on the 10th of every month via the payment method you choose.
How to calculate the IB Commission
The way to calculate the IB Commission is as follows:
XM IB Commission = Number of customer trading lots x Commission level according to account type, product type, and customer region.
For example: You are a standard IB of the XM platform and you introduce 10 new customers to the platform. In August of the same year, these customers traded a total of 1000 lots. Among them, 500 lots are Forex, 300 lots are CFDs, 100 lots are Commodities and 100 lots are Stocks. These customers all open Standard accounts and are all in the Asia region. So how is the commission level calculated?
Commission for Forex = 500 x 10 USD = 5000 USD
Commission for CFD = 300 x 5 USD = 1500 USD
Commodity Commission = 100 x 5 USD = 500 USD
Commission for Securities = 100 x 5 USD = 500 USD
Total commission = 5000 + 1500 + 500 + 500 = 7500 USD
XM standard commission for partners
The XM standard commission for partners is the commission level that the exchange pays to standard IBs according to account type, product type, and customer region.
Exchange XM commission for CPA program partners
XM IB Commission for CPA program partners is the commission that the exchange pays to IB CPAs according to the number of new customers they introduce to the exchange. This commission is calculated per customer and depends on the customer’s region.
The difference in XM Partner commission between IB and Affiliate
XM Partner commission is the commission that XM Exchange pays to partners in the form of Affiliates. Affiliate is a partner of XM exchange. In particular, there is the task of promoting XM exchange and attracting new customers through media. Including websites, blogs, emails, social networks, videos, banners, ads, etc. Affiliates do not need to have experience in trading or consulting customers. This form only needs to be able to create attractive content and attract high traffic.
How to calculate commission for XM Affiliate
The way to calculate commission for XM Affiliate is as follows:
XM Affiliate Commission = Number of new customers you introduce to the exchange x Commission level according to customer’s area.
For example: You are an Affiliate of the XM platform and you promote the XM platform on your website. In August of the same year, you introduced 50 new customers to the exchange. Among them, there are 30 customers in Asia, 10 customers in Europe, 5 customers in the Americas, and 5 customers in Africa. So how is the commission level calculated?
Commission for Asia = 30 x 650 USD = 19500 USD Commission for Europe = 10 x 700 USD = 7000 USD Commission for Americas = 5 x 750 USD = 3750 USD Commission for Africa = 5 x 600 USD = 3000 USD Total Commission = 19500 + 7000 + 3750 + 3000 = 32250 USD
See more: Important information to know about XM Login partner
Compare XM IB Commission and XM Affiliate commissions
XM IB Commission and XM Affiliate Commission have some differences as follows:
- IB Commission is calculated according to the number of trading lots of the customer. On the other hand, XM Affiliate commissions are calculated according to the number of new customers.
- The commission depends on the account type, product type, and customer region. On the other hand, XM Affiliate’s commission only depends on the customer’s area.
- IB Commission is paid on the 10th of every month. On the other hand, XM Affiliate commissions are paid on the 15th of every month.
- Commissions can range from 5 USD to 10 USD per lot traded. On the other hand, XM Affiliate’s commission can be up to 750 USD for each new customer.
Besides commissions, what benefits does becoming an XM Partner bring?
In addition to the XM IB commission, XM Partner also brings many other benefits to you.
Get support tools
When becoming an XM Partner. You will receive support tools from the exchange to promote XM exchange and increase referral sales. These tools include:
Referral link
This is a special link that the exchange provides for you so you can insert your promotional content. When users click on this link, they will be taken to the exchange’s website and tied to their ID. Thanks to that, you can track the number of customers you introduce to the exchange and receive commissions from this.
Advertising banner
These are advertising images of different sizes and formats that the platform provides for you. From there, you can place them on your website, blog, forum, etc. These advertising banners also contain your referral link. Thereby attracting new customers to the exchange.
Commercial video
These are promotional videos with different content and duration that the platform provides for you so you can post on video channels such as YouTube, Vimeo, etc. These promotional videos also contain your referral link. , which helps you create an impression and increase customers’ trust in the exchange.
Advertising content
These are available advertising content that the platform provides to you for you to use on your media. These advertising contents include articles, newsletters, emails, etc. These advertising contents also contain your referral link, helping you provide useful information and convince customers about the platform.
Enjoy many preferential policies
When you become an XM Partner, you will enjoy many preferential policies from the exchange.
High and competitive commission rates
XM pays its partners one of the highest commissions on the market, up to 10 USD per lot traded or 750 USD for each new customer. This commission level can also increase if you have high and stable referral sales.
Simple payment
XM exchange pays commissions to partners on the 10th of every month (for IBs) or the 15th of every month (for Affiliates) via many payment methods such as Bank, Skrill, Neteller, etc. You can choose the payment method that suits you and get commissions quickly and safely.
Customers number
XM exchange has a limit on the number of customers that a partner can introduce to the exchange. You can refer as many customers as you want and receive a commission from all of them. Therefore, you will receive more commission the more customers you have.
See more: The most detailed instructions for login XM for traders
Unlimited number of sub-partners (Sub Partner)
XM exchange allows partners to create their sub-partners (sub-partners). Sub-partners are people that partners introduce to the exchange to become other partners of the exchange. When the sub-partner introduces customers to the exchange, the main partner will receive a portion of the commission from this. You can create as many sub-partners as you want and receive commissions from all of them. The more sub-partners, the more commissions.
Help XM Partner increase its reputation and gain exposure to experts
By becoming an XM Partner, you will increase your reputation and gain exposure to experts in the trading field. You will get:
- Associated with the XM brand, one of the world’s largest and most prestigious trading exchanges, has more than 3.5 million customers in 196 countries.
- Supported by a professional and enthusiastic Partner Management team, ready to answer all questions and support you in the process of cooperation with the exchange.
- Participate in events, seminars, and training organized or sponsored by the exchange, and meet and exchange experiences with leading experts in the field of trading.
- Be updated with the latest information about the exchange, market, products, promotions, etc. via email, text message, website, etc.
Instructions for registering to become an XM IB
What is the XM IB commission? To register to become an XM IB, you need to ensure the following factors.
Conditions to become an IB XM
To become an XM IB, you need to meet the following conditions:
- You must be of legal age to participate in trading and cooperation activities with XM.
- You must have a communication channel capable of reaching and attracting customers for XM. This communication channel can be a website, blog, forum, email, social network, video, banner, advertising, etc.
- You must comply with the regulations and terms of the XM exchange when becoming a partner of the exchange. You may not use unfair or illegal methods to introduce customers to the platform.
Why can’t I register to become an IB on XM?
If you cannot register to become an IB on XM, it may be due to the following reasons:
- You entered incorrect personal or contact information when registering.
- You have violated the regulations and terms of the XM exchange when working as a partner of the exchange.
- You have been rejected by XM for some reason.
- If you have difficulty registering to become an IB on the XM exchange, you can contact the partner management team (Partner Manager) of the exchange for support.
Tips to help increase XM IB Commission
To increase the XM IB Commission, you can apply some of the following tips.
Improve advertising quality
Create quality and attractive content about the XM platform and its trading products. This content can be articles, videos, emails, etc. You should provide accurate and up-to-date information about the XM platform, such as history, license, advantages, promotions, etc. You should also insert links to your referral link in the content so customers can register for an account via that link.
Take advantage of additional support
Take advantage of support tools from XM, such as advertising banners, promotional videos, promotional content, etc. You can place these tools on your media channels to attract attention and increase traffic. customer access. You should also track the effectiveness of these tools through your Partner Dashboard. At the same time, adjust your promotional strategy accordingly.
Expand partner network
Expand your Sub Partner network. You can introduce the XM platform to other people who have the potential to become partners of the platform, such as friends, relatives, colleagues, etc. You can use means of communication such as email, social networks, news, messages, etc. to introduce the XM platform and your partner registration link to them. When they become partners of the platform and introduce customers to the platform, you will receive a commission from this.
Relationship with customers
Take care of and maintain relationships with customers you have introduced to the exchange. You can contact customers via email, text message, phone, etc. to update information about XM, send congratulations, and encouragement, or answer their questions. You should also provide them with study materials, market news, technical analysis, etc. Thereby, helping them improve their trading skills and increase trading turnover.
In short, the XM IB Commission is the commission that XM exchange pays to partners when introducing customers to the exchange in the standard IB form. To count increases, you need to know how to improve service quality in all aspects to attract customers. You can also learn about XM 30 exchanges to create opportunities for better deals!
Thus, the article on MForex has helped you generalize the definition of XM IB commission. Hopefully, this can help you understand the commission mechanism for partners. Are you ready to become a companion of XM?
FAQ
What is IB in the forex market?
The person who introduces the broker. IB XM is a partner of XM exchange, responsible for introducing customers to the exchange and receiving commissions from this. XM IB can be an individual, organization, company, website, blog, or forum.
How many types can IB XM be divided into?
IB XM can be divided into two types: Standard IB (Standard IB) and IB CPA (Cost Per Acquisition).
What is XM IB admission?
XM IB commission is the commission that XM exchange pays to partners in the standard IB form. This commission is calculated according to the number of trading lots of customers that the partner introduces to the exchange.
