Business & ops

A-Book Revenue Share is a partnership model where an IB or affiliate earns a percentage of the broker's core income - the spread and commission - generated by their referred clients' trading volume. Because those orders…

Account Verification is the regulatory process in which a client submits valid proof of identity (POI) and proof of address (POA) before a brokerage account is fully activated for deposits and withdrawals. It is the ope…

Active Trading Days (ATD) are the unique calendar days within a measurement window on which a client places at least one valid trade. Brokers and prop firms count these days to gauge genuine engagement and to unlock mil…

An Ad Fraud Detection Platform is third-party software that scores incoming traffic and conversions for fraud signals such as bots, click farms, proxy use and duplicate identities. It flags or blocks suspect activity be…

An affiliate is a marketing partner who promotes a broker or prop firm through digital channels — websites, blogs, YouTube, social media, email, or paid ads — using a unique tracking link. When someone clicks that link,…

Affiliate fraud is any deceptive or manipulative tactic a partner uses to trigger commissions they did not legitimately earn. It spans fake leads, bot-driven clicks, cookie stuffing, incentivised sign-ups, and self-refe…

Affiliate marketing is a performance-based model in which a partner earns a commission for sending qualified traffic or customers to a broker, using unique tracking links across digital content. The broker pays only whe…

Anti-Money Laundering (AML) is the body of laws, regulations, and internal procedures that brokers must follow to stop criminals from using trading accounts to disguise, move, or "clean" illegally obtained money. In pra…

An auto-rebate is a broker-provided system that automatically returns a set portion of an IB's earned commission to the referred trader, with no manual calculation or transfer by the IB. The partner portal computes the …

B-Book Revenue Share is a partnership model in which the introducing broker or affiliate earns a percentage of the net trading losses of the clients they refer. The broker keeps those clients on its internal "B-book" — …

Baseline CPA is the standard, starting Cost Per Acquisition payout a broker offers an affiliate for each qualified depositor referred, before any performance tiers, bonuses, or negotiated uplifts apply. It is the defaul…

Bonus abuse is the exploitation of a broker's promotional offers — no-deposit bonuses, deposit matches, or cashback — to extract value with no genuine trading intent. Abusers typically open multiple accounts or hedge op…

Bot traffic is any visit, click, impression, or form submission on your affiliate links generated by automated software rather than a real human. The scripts imitate browser behavior to inflate volume, but the visitors …

A CPA trigger is the set of conditions a referred client must satisfy before a broker releases the fixed Cost Per Acquisition payment to a partner. It usually combines a minimum deposit with a minimum trading activity r…

A Cashback Website is an affiliate portal that aggregates broker offers and returns a portion of its IB commission or CPA to the traders who sign up through its links. Traders use these sites to lower their effective tr…

A chargeback is a forced reversal of a card payment initiated by the cardholder's bank rather than by the merchant. In brokerage, it happens when a trader disputes a deposit with their card issuer and the funds are pull…

Chargeback fraud is the deliberate abuse of the card-dispute system: a client knowingly deposits funds, receives the service, then falsely disputes the legitimate transaction to claw the money back. Unlike a genuine fra…

The chargeback rate is the percentage of a merchant's card transactions that end in a chargeback over a given period. It is the single number card networks and payment processors watch to decide whether a broker is a sa…

A clawback is a contractual right that lets a broker reclaim commission it already paid an Introducing Broker (IB) or affiliate once the referred client turns out to be non-qualifying — through a chargeback, refunded de…

Click fraud is the deliberate generation of clicks on a paid ad or affiliate link with no genuine interest behind them — driven by bots, click farms, or malicious competitors — in order to waste an advertiser's budget o…

A Commission Account is a dedicated wallet inside a broker's partner portal where an IB's rebates and an affiliate's CPA payouts accumulate, kept separate from any personal trading capital. It is the ledger that holds b…

A Commission Bump is a negotiated or performance-based increase in an affiliate's CPA rate or an IB's revenue-share percentage. Brokers grant this temporary or permanent raise to reward partners who drive high volumes o…

Commission mark-up is an extra per-trade fee an Introducing Broker (IB) adds on top of the broker's standard trading commission. The broker charges the client the combined amount, keeps its base commission, and passes t…

A Commission Statement is the periodic breakdown the broker provides showing how a partner's payout was calculated. It itemises conversions, volumes, rates, deductions and the final amount due for the period.

Compliance Approval is the mandatory review in which a broker's legal or compliance team audits an affiliate's websites, ad copy, landing pages, and creatives — and formally clears them — before any campaign can go live…

A Consent Management Platform is software that collects, records and enforces users' consent to tracking and data processing, typically via the cookie banner. It stores the legal proof that a user agreed before any trac…

A Contract Addendum is a formal add-on that changes or extends an existing signed agreement without rewriting the whole contract. It is the correct instrument for adjusting a rate, adding a geo, or extending a term mid-…

Cookie stuffing is a fraudulent affiliate technique that secretly plants a broker's tracking cookie in a visitor's browser without any genuine click on the affiliate's link — so if that person ever opens an account, the…

Cost Per Acquisition (CPA) is a payment model in which a broker pays an affiliate a fixed one-off fee for each new client who becomes genuinely active. The referred client must usually clear defined qualification criter…

Cost Per Action (CPA) is a performance-marketing model in which an affiliate is paid a commission each time a referred user completes a defined action. The action is whatever the advertiser specifies — it might be a reg…

Cost Per Lead (CPL) is a compensation model in which an affiliate is paid when a referred user registers and submits their contact details to a broker, whether or not that user ever deposits funds. The paid event is the…

Crypto Deposits are client funding of a brokerage account using cryptocurrencies — most often Tether (USDT), Bitcoin (BTC), or Ethereum (ETH) — instead of fiat methods like credit cards or bank wires. The broker receive…

A crypto payment gateway is the third-party software a broker integrates to accept cryptocurrency deposits, verify them on-chain, and credit the client's trading account, usually after converting the coin to fiat. It si…

Customer Acquisition Cost (CAC) is the total spend required to convert one new depositing client, found by dividing all acquisition costs over a period by the number of funded clients won in that period. It is the partn…

Data Privacy is the set of legal frameworks and practices governing how a broker and its partners collect, store, use, and protect the personal and financial information of leads and clients. It defines what data you ma…

A Deal Desk is the internal broker function or process that reviews and approves non-standard partnership deals before they are signed. It checks that a custom rate is profitable, compliant and within risk limits.

A Deal Memo is a short, often non-binding note that captures the headline terms of a partnership before the full legal paperwork is drafted. It records who the parties are, the commercial model and the key numbers so bo…

The deposit-to-withdrawal (D/W) ratio compares the total money clients deposit against the total they withdraw over a period. It is a headline indicator of how profitable and "sticky" a traffic source is for the broker …

Device fingerprinting is a tracking technique that identifies a specific device by combining dozens of hardware and software signals — screen resolution, GPU, browser version, time zone, language, installed fonts, and m…

Discrepancy Resolution is the agreed process for handling gaps between a partner's reported numbers and the broker's, deciding whose figure prevails and how differences are settled. It defines the tolerance, the evidenc…

Domain spoofing is a fraud tactic in which someone registers a web address that closely imitates a legitimate broker or affiliate — swapping a letter, using a zero for an 'O', or adding a word — to deceive visitors into…

A duplicate IP is when two or more trading accounts or affiliate sign-ups originate from the same Internet Protocol address. Because an IP identifies the network a device connects from, matching IPs across accounts is o…

Dynamic CPA is a Cost Per Acquisition model where the payout is not flat but varies with the measured value of each referred client. Instead of one fixed fee, the amount scales up for higher-value clients — those from p…

An e-wallet provider is a digital payment service, such as Skrill, Neteller, or PayPal, that lets clients fund trading accounts and lets partners receive commission payouts online without a direct bank-to-bank transfer.…

An ECN broker is a forex or CFD broker that uses an Electronic Communication Network to match a client's order directly against other market participants — banks, hedge funds, other traders, and liquidity providers — in…

Earnings Per Click (EPC) is the average commission a partner earns for each click on their tracking link, calculated as total commissions divided by total clicks. It compresses traffic quality, conversion rate, and payo…

Effective CPA (eCPA) is the real average amount an affiliate actually earns per qualified acquisition once every adjustment is applied, calculated by dividing total CPA revenue by total qualified acquisitions over a def…

Escrow is an arrangement where a trusted third party holds funds until agreed conditions are met, then releases them to the right party. It de-risks deals between parties that do not yet fully trust each other.

An Evaluation Account is a simulated trading account sold by a proprietary trading firm as a skill test. A trader pays a one-time fee, then must hit a set profit target without breaking strict drawdown and risk rules to…

The Financial Promotions Order (FPO) is the UK regulatory framework governing how financial products — including forex and CFDs — may be marketed to the public. It defines what counts as a "financial promotion," who is …

First Time Deposit (FTD) is the first transfer of real money a referred client makes into their new live brokerage account. It is the milestone that converts a registered lead into a funded, active client and, for most …

A Fixed Commission is a predetermined, unchanging payout an IB or affiliate receives per lot traded or per acquired client, set as a flat amount regardless of the asset traded, the client's deposit size, or market volat…

Flat Rate CPA is an affiliate compensation model in which a broker pays the partner one fixed amount for every qualified depositing client, regardless of how much that client deposits, where they live, or how actively t…

Forex Cashback is a rebate paid back to a trader for every trade they execute, funded from the spread markup or volume commission that the broker or Introducing Broker earns on that trade. It lowers the trader's effecti…

Forex Peace Army (FPA) is an independent, community-driven review and forum website that rates forex brokers, signal services, expert advisors, and trading education. Founded in the mid-2000s, it functions as an industr…

A Fraud Detection System (FDS) is the software a broker uses to analyse users, devices, payments, and trading behaviour in real time and automatically flag or block deceptive activity. It is the gatekeeper that decides …

The General Data Protection Regulation (GDPR) is the European Union law, in force since 25 May 2018, that governs how anyone collects, stores, and processes the personal data of people in the EU and EEA. For a trading a…

Gross Deposits is the total amount of money an IB's referred clients pay into their trading accounts over a period, before any withdrawals are subtracted. It is a top-line funding figure that measures how much capital y…

Gross Revenue is the total income a broker earns from the trading activity of an IB's referred clients before any expenses, IB payouts, bonuses, or operating costs are deducted. It is the raw revenue pool from which Rev…

A High-Water Mark is the highest peak value an investment account has ever reached, and it becomes the threshold above which a money manager can charge a performance fee. In retail-brokerage partnerships — PAMM, MAM, or…

The Household IP rule is a broker anti-fraud policy that voids partner commissions and client bonuses when the referring IB and the referred trader connect from the same IP address, device fingerprint, or physical resid…

A Hybrid Commission Model pays a partner two ways at once: a smaller upfront CPA (a one-time bounty when a referred trader funds and qualifies) plus an ongoing revenue share or IB rebate on that trader's activity for th…

A Hybrid Execution Partnership is an IB or affiliate arrangement with a broker that runs both A-Book and B-Book execution and routes each referred client to whichever model the broker chooses. Your compensation can shif…

An IB Agreement is the formal legal contract between a broker and an Introducing Broker that sets out how the IB refers clients and how they are paid. It defines the commission model, payment terms, compliance duties, a…

An Inactivity Fee is a recurring charge a broker deducts from a trader's account balance when the account has had no trading activity — and sometimes no login — for a set period, commonly 3 to 6 months. It is typically …

An Insertion Order is the binding order document a broker and a media partner sign before a paid campaign goes live. It locks the commercial terms in writing: the payout model (CPA, CPL, RevShare or hybrid), the rates, …

An internal transfer is a platform feature that moves money between accounts inside the same broker without touching an external bank or payment provider. An IB can shift funds from a commission wallet into a referred c…

An Introducing Broker (IB) is an individual or firm that refers clients to a brokerage and is paid ongoing commission tied to those clients' trading activity, usually per lot traded or as a share of the spread. Unlike a…

An Introducing Broker Certificate is the official document or digital badge a broker issues to confirm that a named partner is authorized to introduce clients on its behalf. It is proof of a live, approved IB relationsh…

KYC for IBs is the due-diligence process a broker runs to verify the identity, address, and legal standing of an Introducing Broker before activating the partnership. You submit standard ID and, for companies, corporate…

The LTV:CAC ratio compares the lifetime value (LTV) a client generates against the customer acquisition cost (CAC) spent to win them. It is the single clearest measure of whether a partner's marketing turns ad spend int…

Latency arbitrage is a trading strategy that exploits the millisecond delay between a broker's displayed price and the true market price. The trader acts on price moves the broker's feed has not yet caught up to, extrac…

A Letter of Intent is a short document in which two parties formally state their intention to enter a partnership, signalling seriousness before the binding contracts are negotiated. It outlines the broad shape of the i…

A leverage restriction is a regulatory cap on how much borrowed capital a retail trader may control relative to their own deposit. It limits position size, forcing traders to post more margin per trade and reducing how …

Lifetime Commission is a partner agreement under which an IB or affiliate keeps earning a share of a referred client's generated revenue for as long as that client trades actively — with no fixed expiry date. It replace…

Lifetime Value (LTV) is the total revenue a single client is projected to generate for an affiliate or broker across their entire relationship, from first trade until they stop trading or leave. It converts the vague id…

A local depositor is an approved regional partner who accepts local currency directly from clients in a specific country and credits the equivalent amount to their brokerage accounts, usually via an internal transfer fr…

A Local Payment Provider (LPP) is a domestic, country-specific payment service a broker integrates so clients can deposit and withdraw using methods they already trust, instead of only international cards or wires. Exam…

A lot rebate is a fixed cash amount an Introducing Broker (IB) earns from a broker for every standard lot (100,000 units of the base currency) that a referred client trades. It is the most common way retail-brokerage pa…

A Market Maker is a broker that provides its own liquidity by taking the opposite side of a client's trade rather than routing the order to the open market. When a client buys, the market maker sells; when the client se…

Marketing guidelines are the broker's binding rulebook for how partners may advertise its products. They specify mandatory risk warnings, prohibited claims, approved logo and brand usage, and the channels and audiences …

A markup cap is the maximum amount a broker allows an Introducing Broker or partner to add on top of the broker's base spread or commission. It sets a hard ceiling on the extra cost a partner can pass to their referred …

A master affiliate is a top-tier digital marketer who runs a multi-level affiliate program: instead of only referring traders directly, they recruit and manage other affiliates (sub-affiliates) who promote the same brok…

A Master Introducing Broker (Master IB) sits at the top of a multi-tier IB hierarchy. Instead of referring traders directly, a Master IB recruits and supports Sub-IBs, then earns a share of the trading volume produced b…

A Master Service Agreement is the umbrella contract that governs the whole ongoing relationship between a broker and a partner. It sets the legal terms once, so that each new campaign can be added as a lightweight Inser…

A micro lot is a forex position size equal to 1,000 units of the base currency, or 0.01 of a standard lot. It is the smallest volume most retail brokers allow, letting traders take real positions with very little capita…

The minimum deposit requirement is the smallest sum a trader must fund an account with to activate it. In partnerships it also names the minimum a referred client must deposit before the affiliate qualifies for a CPA pa…

The Minimum Payout Threshold is the smallest amount of accumulated commission a partner must reach before the broker will release a withdrawal. Below it, earnings stay in the partner wallet and roll over to the next cyc…

Minimum pip profit is a broker rule requiring a client's trade to move a set number of pips before it counts toward an IB rebate or CPA volume target. Trades that open and close inside that pip band are excluded from co…

Minimum trade duration is a compliance rule requiring a referred client to keep a position open for a set length of time — for example two minutes — before that trade generates IB commission or counts toward a CPA volum…

Minimum Trading Volume is the number of lots a referred client must actually trade before a partner's payout is unlocked or a higher commission tier is reached. It is the broker's proof-of-activity gate: a deposit alone…

A Multi-Tier Affiliate Program rewards a partner for two things: the clients they refer directly, and the clients referred by the sub-affiliates they recruit. Each recruited layer generates an override commission that f…

Multiple accounts fraud is the practice of one person creating many trading profiles — often under fake, borrowed, or synthetic identities — to abuse partner CPA triggers, welcome bonuses, or platform limits. Each profi…

Negative Balance Protection (NBP) is a broker safeguard that guarantees a retail trader's account balance cannot fall below zero. If extreme volatility or a price gap pushes a leveraged position past the client's equity…

Negative Carryover is when a partner's Revenue Share balance falls below zero — because referred clients won more than they lost — and that deficit is carried into the next month instead of being reset. Until fresh clie…

Net Deposits are a referred client base's total deposits minus their total withdrawals over a period. It measures the money that actually stayed on the platform, not the gross amount that ever arrived, and it is the fig…

Net Revenue is the money a broker actually keeps from a client's trading activity after subtracting the direct costs of servicing that activity. Starting from gross revenue (spreads, commissions, and any losses the clie…

Net Terms define how many days after the end of a period the broker pays a partner. 'Net 30' means payment lands 30 days after the invoicing period closes; 'Net 60' means 60 days.

A No Dealing Desk (NDD) broker passes your orders straight to external liquidity providers instead of filling them in-house. There is no dealer sitting between you and the market taking the opposite side of your trade o…

A Non-Disclosure Agreement is a contract that legally binds the parties to keep shared information confidential. In partnerships it protects sensitive commercial data such as negotiated CPA rates, client volumes, and th…

Notional Volume is the total underlying market value controlled by a leveraged position, not the margin the trader posts to open it. One standard lot of EUR/USD carries a notional value of €100,000 even though the clien…

An Offline Affiliate acquires trading clients through in-person, real-world channels rather than digital advertising. They run live seminars, local trading academies, physical offices, and face-to-face networking to int…

An offshore broker is a brokerage licensed in a jurisdiction with light-touch financial regulation, such as St. Vincent and the Grenadines, the Seychelles, Vanuatu, or Mauritius. Weak oversight lets it offer high levera…

An Overnight Fee, or Swap, is the interest adjustment applied to a leveraged position held open past the daily market rollover (typically 22:00 GMT). It reflects the interest-rate differential between the two currencies…

Partner Payment Methods are the channels a broker uses to send affiliates and IBs their earned commissions — for example bank wire, USDT and other crypto, Skrill, Neteller, or a branded prepaid card. They govern how, ho…

Payment Gateway Fee Deduction is when a broker subtracts the cost of processing a client's deposit — such as a 3% card fee or a fixed PSP charge — from the revenue base before calculating a partner's commission. In effe…

A Payment Hold Period is the window during which a broker withholds a partner's commission after a conversion, to confirm the client is genuine and the deposit is not reversed. Only after the hold clears is the payout r…

Payout Currency Conversion is the exchange of a partner's commission from the account's base currency into the currency they are actually paid in, along with the rate and fee applied. It determines how much of the earne…

Payout Frequency is how often a broker lets an Introducing Broker (IB) or affiliate withdraw earned commissions. Common cycles are daily, weekly, bi-weekly, and monthly (Net-15 or Net-30). It sets the gap between genera…

A pip rebate is an Introducing Broker (IB) or affiliate commission structure that pays a fixed number of pips from the spread or commission on every trade a referred client executes, instead of a flat dollar amount per …

A professional client is a trader who meets a regulator's tests for experience, portfolio size, and market knowledge and is therefore classified above ordinary retail status. That classification removes standard retail …

Profit share is a compensation model in which a money manager, prop-firm trader, affiliate, or introducing partner earns a predetermined percentage of the net trading profits generated, rather than being paid on trading…

Proof of Identity (POI) is the regulatory step where a client uploads a valid government-issued photo ID — passport, national ID card, or driver's licence — so a broker can confirm they are a real, legally identifiable …

Proof of Residence (POR) is the onboarding step where a client submits an official document that confirms their current physical address — typically a utility bill or bank statement — so a broker can satisfy anti-money-…

A proprietary trading firm (prop firm) gives skilled traders access to the firm's own capital to trade, instead of requiring them to risk their personal money. The trader typically pays for and passes an evaluation, the…

A Purchase Order is a formal document a broker issues to authorise and commit spend on a partner's services before an invoice is raised. It links approved budget to a specific deliverable or campaign.

A Qualified First Time Deposit (QFTD) is a newly referred client whose initial deposit has cleared and who has also satisfied every additional condition the broker sets before an affiliate's CPA commission is triggered.…

A qualified trader is a referred client who has passed a broker's compliance and KYC checks, funded their account, and traded actively enough to satisfy the specific trigger conditions in a partner's commission agreemen…

A Rate Card is the broker's published schedule of standard partner payouts, broken down by model and by geo tier. It states the baseline CPA, CPL and revenue-share figures a partner can expect before any custom negotiat…

A rebate is the slice of a client's trading cost — the spread or the commission — that a broker pays back to the Introducing Broker (IB) who referred that client. It is earned per trade, on volume, and the IB can keep i…

A rebate sharing system is a broker-provided tool inside the partner portal that automatically splits a Master IB's earned commissions and distributes a configurable percentage down to sub-IBs or back to clients as cash…

Reconciliation is the process of matching the conversions and commissions a partner recorded against the figures the broker reports, and resolving any gaps. It is the accounting check that the money paid matches the act…

A Regional Partner is a senior IB or affiliate granted exclusive or semi-exclusive rights to represent a broker across a defined geographic territory — a country or region. They run localized marketing in the native lan…

A regulated broker is a financial firm authorised and supervised by a recognised government or independent regulatory body, such as the UK's FCA, Australia's ASIC, or Cyprus's CySEC. The regulator enforces rules on mini…

Regulatory jurisdiction is the legal authority and geographic region whose financial regulator licenses and supervises a broker — for example the FCA in the United Kingdom, CySEC in Cyprus, ASIC in Australia, or the FSC…

A regulatory umbrella is an arrangement that lets an unlicensed firm or IB operate legally under the licence of a larger, fully authorised "principal" firm. The principal accepts regulatory responsibility for the umbrel…

Related party trading is coordinated trading between connected accounts — family, business partners, or the same operator behind several profiles — arranged to harvest volume-based rebates or bonuses rather than to take…

Restricted jurisdictions are the countries or regions where a broker is legally barred from accepting clients, so any lead from those places is rejected at onboarding. The list typically includes the United States, sanc…

Retail client classification is the default regulatory status given to everyday, non-professional traders. It carries the strongest protections regulators offer, including leverage caps, negative balance protection, and…

Return on Investment (ROI) measures how efficiently an affiliate's marketing spend turns into broker commissions. It is net profit — commissions earned minus marketing cost — expressed as a percentage of that cost, so i…

Revenue Share is a partnership model in which an affiliate or Introducing Broker (IB) earns an ongoing percentage of the revenue a broker generates from their referred clients. That revenue may come from spreads, commis…

A risk warning is a mandatory legal statement, required on all promotional material, that discloses the high risk of leveraged trading and the exact percentage of retail clients who lose money with that provider. It exi…

A Rolling Reserve is a percentage of each payout that the broker holds back for a defined period as a buffer against future chargebacks or clawbacks. The held funds are released on a rolling basis once the risk window p…

A Round Turn is the complete lifecycle of a single trade: opening a position and later closing it. It is the standard unit on which trading commissions and IB volume rebates are calculated, so a "$10 per lot" rebate alm…

A scam broker is an unregulated or deliberately deceitful operation that poses as a legitimate trading platform to steal traders' deposits. Rather than routing real orders, it manipulates the trading software, blocks wi…

A segregated account is a bank account in which a broker holds client deposits entirely separate from its own corporate operating funds. Client money is ring-fenced, so it cannot legally be used to cover the broker's pa…

A Self-Billing Invoice is one the broker generates on the partner's behalf, rather than waiting for the partner to raise it. The broker calculates the commission owed, produces the invoice, and pays against it under a p…

Self-rebate is a prohibited practice in which a person opens an Introducing Broker (IB) or affiliate account for the sole purpose of referring their own trading account, so they collect a commission or spread discount o…

Spam compliance means following the laws that govern unsolicited commercial messaging, such as the US CAN-SPAM Act, Canada's CASL, and the EU's GDPR and ePrivacy rules. In practice it requires consent, honest identifica…

Spread betting is a leveraged derivative product, offered mainly to UK and Ireland residents, in which you stake an amount of money per point of price movement in an instrument without owning it. Your profit or loss is …

Spread Mark-up is an IB compensation arrangement where the broker widens the spread on referred clients' trades by a set amount, and pays that added portion to the IB. If the broker's raw EUR/USD spread is 0.2 pips and …

Spread Share is an IB compensation model where the broker pays the partner a fixed percentage of the spread the client already pays, without adding any mark-up. The client trades on the broker's standard pricing, and th…

A Standard Lot is the base unit of trade size in forex, equal to 100,000 units of the base currency. On EUR/USD one standard lot is worth roughly $10 per pip, and brokers use it as the reference volume for margin, posit…

A Statement of Work is the document that defines the specific deliverables, scope and timeline of a defined engagement, such as a content-production or co-marketing project. It answers exactly what will be produced, by …

Straight Through Processing (STP) is a No Dealing Desk execution model in which a broker passes client orders automatically to external liquidity providers — banks, non-bank market makers, and other funds — without a de…

Sub-IB Commission is the override a Master IB earns on the trading volume produced by the clients of the Sub-IBs beneath them. Instead of referring traders directly, the Master IB recruits and supports other partners an…

A Sub-Introducing Broker (Sub-IB) is a partner who registers under a Master IB rather than directly with the broker. They refer their own traders and earn their own per-lot rebates, while a slice of their volume flows u…

Swap Commission is a partner payout in which the broker shares a portion of the overnight financing fees — swaps — charged to an IB's clients for holding positions open past the daily rollover. It is a rebate stream tie…

A Term Sheet is a structured summary of the proposed commercial and legal terms of a partnership, used as the working document during negotiation. It lays out the payout structure, tiers, exclusivity, term length and te…

A tied agent is a person or firm formally appointed to promote and, in some regimes, arrange investment services on behalf of one regulated financial institution. The principal broker takes full regulatory responsibilit…

A Tiered Commission Structure is a partner-payout model where an Introducing Broker's (IB's) rebate rate, or an affiliate's CPA amount, climbs to a higher level once the partner crosses a defined monthly threshold of tr…

Toxic traffic is referred volume that systematically destroys value for the broker instead of creating it — clients who chargeback deposits, abuse bonuses, exploit latency arbitrage, or are simply bots and dead registra…

Trustpilot is an open, global consumer-review platform where customers rate companies from one to five stars and leave written feedback. For retail brokers and prop firms it has become a default reputation check, becaus…

A turnkey brokerage is a pre-assembled, ready-to-launch package that lets an entrepreneur operate their own forex or CFD brokerage without building the technology stack from scratch. A technology vendor bundles the trad…

An unregulated broker is a trading firm that operates without authorisation from any recognised financial regulator. It is not bound by capital-adequacy rules, client-money segregation, dispute-resolution schemes, or co…

VPN and proxy traffic is referred activity where the user hides their real IP address and geographic location behind a Virtual Private Network (VPN) or proxy server. In brokerage affiliate marketing it is heavily scruti…

A Volume Tier is a specific threshold of traded lots (or net deposits) that a partner's referred clients must collectively reach within a period to unlock a higher payout rate inside a tiered commission structure. It is…

Wash trading is opening and closing offsetting positions almost instantly, with no genuine intent to profit from market movement, purely to manufacture trading volume. In the partner world it is used to farm IB rebates …

A White Label (WL) partnership lets one company rebrand an existing broker's trading platform and infrastructure as its own. The partner runs sales, marketing, and client acquisition under its own brand and logo, while …

A White Label Provider (WLP) is the established broker or technology firm that supplies the infrastructure, trading platforms, and liquidity another company uses to run a branded brokerage. The provider hosts the server…

A Wire Transfer is an electronic, bank-to-bank movement of funds across a settlement network such as SWIFT (international) or Fedwire and SEPA (domestic/regional). In brokerage, it is the traditional rail for large clie…

A Withdrawal Penalty is a fee or a forfeiture of active bonus funds a broker imposes when a client removes money before meeting predefined conditions — usually a required trading volume or a bonus lock-up period. It is …