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Introducing Brokers |
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Last updated: 2009-05-13 |
Mascot Fortune's Introducing Broker (IB) program allows firms to receive compensation for directing new clients to Mascot Fortune. The IB program offers firms a turnkey solution, a competitive fee structure, and value added services that increase your ability to grow your client base.
By partnering with Mascot Fortune, IB's have access to Mascot Fortune's proprietary trading technology and 24-hour dealing facilities. MFNZ's IB program is ideal for small financial institutions that offer support and specialized services.
Receive Back 100% of Commission
Mascot Fortune does not charge IBs to support its operations. This means IBs can charge a commission fee to their client and MFNZ will rebate 100% of the commission to the IB. This is another advantage over the futures industry where IB must allocate a portion of the commission payment to the clearing firm for clearing and exchange fees. Mascot Fortune can customize commission or pip-based fee structures on a per client basis.
No Debit Liability
Mascot Fortune offers a guaranteed and risk free solution for margin trading. Our trading platform features automatically generated margin calls for the purpose of risk management. Traders are given position limits, set relative to the money in a trader account. If the required margin amount exceeds the dollar value of the account as a result of trading losses, all open positions will be closed immediately regardless of the size or the nature of positions held within the account. The margin levels of all accounts are tracked in real time; therefore, a client account balance will NEVER fall below the margin requirement, eliminating the need to collect a debit balance from clients. Automatically generated margin calls also enable MFNZ to provide traders with lower margin requirements, which in itself will encourage a higher number of trades.
Extensive Back Office Services
IBs can focus their effort on acquiring and retaining new clients; Mascot Fortune handles the rest. This includes all administrative details, such as accepting and approving account applications, and all funds transfers including initial deposits and withdrawal requests. Mascot Fortune online trading platform significantly lowers a firm overhead cost. The online capabilities of the Mascot Fortune trading station eliminate the hassle of providing clients with trade confirmations, account statements, and margin levels. The client can directly access comprehensive real time account information online, or the IB can use the trading platform to create account statements on demand.
For more information on our IB program, please email us at tradecenter@mascotfortune.com
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