This course will review the Broker Portal, which is our free and powerful client relationship management (CRM) platform for Introducing Brokers (IBs). The web application serves as the one-stop destination to manage clients, run reports and key performance metrics, funding, and more. Additionally, automatic billing, flexible commission markups, and interest markups/markdowns are part of IBKR’s turnkey solution for Broker-Dealers and Introducing Brokers.
IBKR’s Broker Portal is our free and powerful CRM platform, which serves as a one-stop destination to manage clients, access reporting features, client billing, and more. This lesson will introduce how to navigate the Broker Portal.
Initiating Client Applications
IBKR offers Introducing Brokers (IBs) multiple options for adding or migrating clients to our platform. This lesson will walk through initiating client applications through the Broker Portal.
Client Account Templates for Brokers
Client Account Templates help Introducing Brokers (IBs) save time when sending application invites to prospective clients. The Client Account Templates allow the broker to specify the account type, trading permissions and trading objectives that will be automatically applied to the application.
Adding Contacts in the Broker Portal
The Broker Portal allows Introducing Brokers (IBs) to add, sort, edit, and export contact information of existing and prospective clients.
CRM Tools in the Broker Portal
The IBKR Broker Portal offers Introducing Brokers (IBs) an integrated suite of tools for Client Relationship Management (CRM) that are designed to help the broker manage their clients’ and prospective clients’ information from a single platform.
IBKR’s Broker Portal enables Introducing Brokers (IBs) to view the status of pending applications and modify or cancel applications if needed. Additionally, Introducing Brokers can enable Broker Client Approval which allows the Broker’s compliance team to approve all new client applications and client requests for options trading permissions before they are submitted and reviewed by IBKR.
Introduction to Broker Client Fees
Introducing Brokers are able to charge a fee-per-trade unit for each asset class, markup (or markdown) interest rates, or manually invoice the client for services rendered. This lesson will serve as an introduction to configuring broker client fees.
Broker Commission Markups
This lesson reviews Broker Commission Markups and the different configurations within the Fee Per Trade Unit method.
Interest Rate Markups
Introducing Brokers (IBs) on the Interactive Brokers platform can markdown or markup interest rates and borrow fee rates. This lesson reviews the ability for IBs to configure these markups/markdowns at Interactive Brokers.
Invoicing for Introducing Brokers
Introducing Brokers (IBs) can manually charge their clients a fee for services rendered via electronic invoices by using Interactive Brokers’ Invoicing tool.
Reporting Tools & Broker Exception Reports
Interactive Brokers offers a full suite of robust reporting software for Introducing Brokers (IBs) to pull standard statements, create custom reports, enable automatic statement delivery, and provides access IBKR’s PortfolioAnalyst.
White Branding for Introducing Brokers
Interactive Brokers offers a solution for Introducing Brokers (IBs) to use their own banners for white branding purposes. White branding allows IBs to display their own logos and company information on our Registration system, Client Portal, Reports, Trader Workstation and other materials. White branding is a great marketing tool that can give your customers the impression that you are offering a complete package of in-house trading tools and supporting products.