Introducing Brokers are core to our business model at GAIN Capital. Given our extensive experience in exchange-traded futures and cash foreign exchange, GAIN Capital is positioned to provide the execution, clearing and customer service you require.
With GAIN Capital, you not only have an FCM focused on your overall success, but also a dedicated Broker Representative who will provide personalized attention and address all of your operational needs
To meet the challenge of today's trading industry GAIN Capital has invested considerably into planning, development, infrastructure partnerships and service to provide a fast, reliable and secure execution and clearing operation. With our Lead and Client management, Service and Support and powerful, efficient back office solutions you will be able to run a more efficient operation so you can spend less time managing your back office operations and spend more time with managing customer relationships.
Types of Introducing Brokers
An IB is essentially a business partnership with an FCM, each handling their own specific responsibilities. The FCM maintains execution and back office operations while the IB's maintain the customer relationships by soliciting and/or accepting commodity futures orders from customers.
Guaranteed Introducing Broker (GIB)
GIBs have an exclusive relationship with one FCM. All of the accounts of the GIB are held by the FCM. The FCM uses its capital to "guarantee" the operations of the IB as well as oversee compliance. Client accounts with GIBs are backed by the capitalization of the FCM, not the IB.
Independent Introducing Broker (IIB)
An IIB is self-guaranteed and must maintain its own minimum capital as well as compliance. IIB's can trade with multiple FCMs. Client accounts with GIBs are backed by the capitalization of the IIB, not the FCM. The National Futures Association (NFA) maintains strict financial and compliance requirements for non-guaranteed firms.