Become a Referrer
Refer clients to Best Mastery Capital and receive payouts of eligible client referrals.
Referrers
A Referrer is an individual or a firm that recommends Best Mastery Capital to friends, acquaintances or business contacts in return for a fee. Referrers are not employees or agents of Best Mastery Capital but may recommend IB’s services in connection with the referrer’s primary employment or business. For example, some referrers are firms or professionals who provide training and coaching, trading information, systems and tools, and professional services to traders and investors and who have concluded that BMC is the best online brokerage platform. Referrers are not financial advisors or brokers and do not provide direct buying or selling advice for particular investments.
BMC Referral Program
Eligible individuals and entities (with or without BMC accounts) can receive flat-fee or transaction-based fees by referring eligible clients to IB. BMC offers two kinds of referral programs:
Overview
Transaction-Based Referrer
As an BMC Transaction-Based Referrer, you can send invitations to potential clients who then register online with Best Mastery Capital by opening and configuring their own trading accounts.
Flat Fee-Based Referrer
As a Flat Fee-Based Referrer, you can refer clients to Best Mastery Capital and earn a flat fee for each referred client who maintains an active BMC account for one year.
Benefits
Transaction-Based Referrer
Log in to Account Management to send client invitations.
If you prefer, you can use a unique hyperlink to our referral client application for all referrals. Simply send yourself an invitation, and then send the link that you receive to applicants, or add the link to your website.
Set up multiple users at the master account level to perform Account Management functions such as sending client account invitations.
Flat Fee-Based Referrer
Log in to Account Management to send client invitations.
If you prefer, you can use a unique hyperlink to our referral client application for all referrals. Simply send yourself an invitation, and then send the link that you receive to applicants, or add the link to your website.
Who is Eligible?
Transaction-Based Referrer
A Transaction-Based Referrer Account must be an organization1：
- Partnership
- Corporation
- Limited Liability Corporation
- Unincorporated Business
Transaction-based referred clients must be one of the following types of Best Mastery Capital accounts:
- Individual, Joint and Trust
- Proprietary Trading Group (Pool Account or Single Trading Limit Account)
Flat Fee-Based Referrer
Flat Fee-Based Referrers are:
Individuals who reside in any country EXCEPT Spain1。
You do not have to be a current BMC client to qualify, but any current BMC account holder with an Individual, Joint, Trust or IRA account is eligible to become a Flat Fee-Based Referrer.
BMC account holders that are financial advisors or introducing brokers using BMC's platform are NOT eligible to become Flat-Fee Based Referrers.
Clients referred by Flat Fee-Based Referrers can open any type of Best Mastery Capital account, including Advisor accounts.
Restrictions
Transaction-Based Referrer
The Transaction-Based Referral Program is not available to Referrers and referred clients from the US, Canada and Spain.
You cannot participate in both the Transaction-Based Referrer Program and BMC Financial Advisor Program.
Flat Fee-Based Referrer
If you currently maintain an BMC Advisor account, we will not accept your application. If you open an Advisor account with BMC after you have been approved as a Flat Fee-Based Referrer, we will remove you from the program.
Payout Schedule
Transaction-Based Referrer
Transaction-Based Referrers earn fees for each eligible client referral for up to three years.
- 30% of BMC's commissions in Year 1
- 20% of BMC's commissions in Year 2
- 10% of BMC's commissions in Year 3
The program ends after three years.
Flat Fee-Based Referrer
Flat Fee-Based Referrers earn payouts based on their country of residence.
Payouts2, 3 to Referrers in the United States are subject to the following rules:
- The referred client must maintain at least $10,000 or USD equivalent in his or her account for a minimum of one year.
- A payment of $200.00 will be sent when a referred client opens and maintains a funded account for one year.
Payouts2, 3 to referrers outside of the United States are subject to the following rules:
- For each referral, BMC will pay 30% of BMC's commissions up to $200.00.
- The first payment of $100.00 will be sent when the referred account reaches $333.34 in commissions.
- The second payment of $100.00 will be sent when the referred account reaches $666.67 in commissions.
- Referred clients must maintain at least $10,000 or USD equivalent in their account.
- Payouts are available for up to one year from the opening of the referred customer account.
- Referral fees will be paid on a monthly (mid-month) basis.
Account Management for Referrers
Did You Know?
Referrers from 56 countries participate in the program.
Networking with friends, acquaintances, colleagues and customers is the key communication channel.
Disclosures
- Due to regulatory restrictions, BMC can neither accept referrers from Spain, nor pay referral fees for accounts originating in Spain.
- Payments are subject to the terms and restrictions of the program. BMC is under no obligation to pay out the referral bonus should all terms not be met.
- No payouts will be made for any account migrated to a broker or an advisor.