There’s no
IB System like FX BACK OFFICE’s. A bold statement - but we’ve got the goods to
back it up.
First you
need to know a bit of history to understand why we are so confident about our
IB System. 90% of our team members previously worked for years in successful Forex companies. During that period, they developed certain systems which are still
in place today - systems that would go on to make those companies millions.
In order to
develop something out of the norm and better than anything on the market, you
first need to have the adequate experience, trials and errors under your belt.
Then and ONLY then, can you develop an IB system like no other - like we have
at FX BACK OFFICE.
So what
makes our IB System so special and why is it considered the best on the market?
We’ve got
the usual bells and whistles like other Forex CRM providers a multilevel IB
System with auto generated tracking links and their statistics, a banner
section available for multiple languages, and permission restrictions available
if necessary - but where it gets interesting is how everything connects
together. The devil is in the detail so they say and if your MT4 or MT5 CRM
solution provider hasn’t connected the dots, you’ll feel that deep in your
pocket.
In our
experience where it all starts to go wrong with other Forex CRM software
systems is from the campaign set up. By that, we mean the commission structure
you choose for your IB and how you set it up.
At FX BACK
OFFICE, you get to choose the campaigns you’d like to be made available for
your clients. Your options range from CPA, CPL, point per lot, money per lot or
million, to percentages of commission or sub IB commission. Our optional
sharing types include point or money per lot too. However, if you don’t have a CRM
provider who can take you through the configuration of these campaigns or
didn’t program them correctly in the first place - it really doesn’t matter how
many commission structures you offer or your clients have to choose from! If
commission isn’t paid correctly, you’ll lose a client period.
We’ve done
our research into the available solutions on the market, and by that we don’t
just mean signing up and having a look around. No. We’ve deposited, withdrawn,
and brought small IB’s to ‘test’ different IB systems. What we found is that
small but significant things were often left behind. In some cases (as an IB)
it wasn’t made clear to us what instruments we were being paid on (and we
couldn’t find this information without contacting the company). In other
scenarios commission was being added manually leading to serious financial
mistakes, and, (possibly the worst of all) our Sub IBs were not connected under
us as referrals - equating to more financial loss. These are just a few
examples of what can and does go wrong in other systems. Technically these
things are easy to fix, but you don’t want to be the company doing that
after-the-fact.
In our IB
system, nothing of significance or in general gets left behind. From the very
beginning of any campaign set-up, you can choose which instruments you’ll pay
commission out on and the amount. You can do this for an individual, a group,
or an account type and you can save what you’ve configured to use or apply to
other IB’s later. Your IB’s can see this information clearly in their client
area which cuts down on unnecessary communication. Once you’ve set up your rules
relating to commission, you can count on the fact that everything is done
manually regarding IB payment from there on out. Your IB’s will be able to see
exactly what commission they are receiving within their client area in real
time, avoiding any disagreements relating to earnings. We have a very
transparent IB ‘tree’ which shows precisely who falls under who, and contains
all trade history. IB’s can see their commission, traded lots of their
referrals, and stats on their links in graph form using selected dates - making
their dashboard more attractive and easier to read.
Your
support staff can ‘de-bug’ queries from clients who think they should’ve been
paid out on something (but weren’t) by using our commission debugger, which will
detect the reason commission wasn’t paid out immediately - making clear
explanations to clients available in seconds.
So, to
answer the question of ‘what makes our IB System the best on the market’, would be the superior functionality we have
in place, the attention to every detail from the development stage to
maintenance of the current version, and the experience and expertise under our
belts to customize and continually develop and evolve with the times.
Contact us
for a presentation of our Partnership Area today!