- Complete Online Turn Key Omnibus Brokerage.
- How does the Omnibus Brokerage business work?
- Your own Customer Applications, KYC, AML and Preapproval process and Deposit Taking Institution.
- Reporting Access to your own Demo and Real Trading Platform.
- How do you make money?
- Zero Market Risk.
Complete On-line Turn Key Omnibus Brokerage Firm Solution, Your own Financial Business.
- You have an existing client base and wish to generate revenue by offering customized Financial services and products to your customers, as you, your customers and your sales people dictate.
- You don’t want to deal with a partner that doesn’t understand your business or your customer base and you want to be independent.
- You want to keep your client base anonymous but want risk to be managed by an established partner.
- You want to be a counterparty for your clients to complement your reputation as a market maker and as an independent service provider.
- It is your firm, your trademark, your logo, your software and your own rules.
BRE will provide you with the turn key solution when it comes to your Omnibus Business.
- BRE will provide you with your own website in your own language. The website will be hosted for you by BRE. The website will have your own logo, your contact information, links and information regarding products that your firm now offers. You can host the site by yourself.
- You or your firm will have your own Demo Registration page. The visitors that visit your website and sign for your online platform demo registration will be sent to your email box. You will also have access to see the back office of your demo system and work with your demo leads.
- You or your sales people can effectively follow up with each demo lead.
- You will design your own demo registration text that will be sent to your own customers.
Appearance wise the customers will see your demo and trading platforms.
How does the Omnibus/White Label Introducing Broker Business work?
- If you or your firm have customers that may be interesting in the Financial products such as Forex, CFDs or other Investment Products, BRE has the tools to set you up with your own Omnibus/White Label IB Financial Business.
- You will receive an Omnibus WL IB agreement.
- You sign an agreement and send it back to us.
- You will receive an email from us that will include the following: your IB number, your IB certificate (will be mailed too), your own website in your own language hosted by BRE. You can copy the information from our website to your own URL hosted by your internet provider.
- You will need to purchase one of the Customer Relationship Management Software.
- You will need to create your own application online or paper.
- Your clients fill out your own applications and you do your own AML and KYC approval.
- You will need to have your own Bank Account.
- You will open accounts to your own clients and make a record.
- You will accept deposits from your clients.
- You will redeposit those deposits into you’re your own accounts at BRE: Example a CLIENT1 deposits $10,000 into your firm’s bank account, your firm opens an account with BRE in its own name and redeposits $10,000 into your own account at BRE, then sends the username and password to that account to CLIENT1.
- The client receives a username and password to an account that has $10,000 and logs in into the platform that is in the name of your firm. You accounts at BRE are in your firm’s name and BRE works with you customers trading with BRE through those Omnibus accounts.
- You will get paid your rebates within 10 business days at the beginning of each calendar month.
Your own Customer Applications, KYC, AML and Preapproval process and Deposit Taking Institution
- You provide your own applications and approve your own customers.
- You will need to use one of the readily available client management software, Microsoft Excel, Microsoft Access or any other Customer Relationship Management Software to establish and maintain a record for your clients.
- You offer and follow up your own Know Your Customer (KYC) and Antimoney Laundering Process (AML).
- Your own compliance department follows up your own policies and procedures and preapproval process.
- Your customers deposit money into your own Corporate Bank Account.
- You do your own accounting.
Reporting Access to your own Omnibus Demo and Real Trading Platform
- As a Onmibus partner to BRE you will have a real time 24/7 access to the back office of your Demo and Real Platforms.
- You can see and monitor trading volume of your clients.
- You can see and calculate your daily rebates, commissions and price widening in real time.
- You see what BRE sees.
- With the access to the reporting system you can monitor your SubIBs.
- You can ask BRE to set up the reporting access for your SubIBs.
- You will have access to customers’ reports and help them with the problem resolution.
- Your clients will have a real time access through your website to their system logins and reports
How do you make money?
- You and your firm will get rebates from BRE on each trade your customer makes. As an IB to BRE you will receive a monthly report stating how many trades your customer placed and what financial instruments they traded and how much you are you are getting paid. All numbers are taken from the IB agreement.
- You set and offer your own commissions to your customers and customers of your IBs or in this case your Sub IBs. You can charge your customers additional commissions. BRE will apply additional commissions set by you to each of your customers.
- Widen Spread and capture the spread difference. As an IB you can charge a wider spread to your customers. BRE will widen the spread as per IB agreement.
Zero Market Risk
- Every trade that your customers place through an Omnibus account goes to Contra Forex.
- The Omnibus Partner does not have any market risk as every trade is offset with BRE.
- The Omnibus Partner has an Omnibus account with BRE for each of its clients.