BzCore IB
Everything you need to launch your own partnership program quickly and easily.
How BzCore IB works
Choose from our flexible payment according to your requirements including tiers by number of active traders, trading volume with any rolling period, personal plans for top or key partners, sub-IB with any number of levels and a host of additional features.
*Each type of trading instrument usually has its own designated calculation. For example, if you start paying for lots with the Ripple / USD pair, you will pay more for a lot than you would earn for crypto, hence such a calculation is not profitable.
Commission
You pay partners a percentage of commissions received for trades of their clients.
Reward amount = Commission × Percentage
For example, if you defined the commission on your platform for all trades as 0.2% and the percentage for reward calculation as 10%, then the reward amount for a partner who bought, for one, EUR on Forex/EURUSD for 100000 USD will be calculated as: 100 000 USD × 0,2% x 10% = 100 000 USD × 0.002 x 0.1 = 20 USD.
Lot
You pay partners a fixed amount for each lot traded by their clients.
Reward amount = Traded Volume (in lots) × Amount per Lot
For example, if you set the amount per lot at $2 for ETH/EUR and partner’s clients traded 10 lots (1 lot = 0,1 ETH) Jane’s reward amount will be calculated as: 10 lots x $2 = $20. Note that the reward currency does not depend on the asset traded.
* Keep in mind you’re supposed to watch profitability using this scheme because reward amounts may exceed commissions gathered
Markup
You pay partners a reward related to traded volume by their clients and markup set in points.
Reward amount = Traded Volume (in base currency) × Markup (in points).
A point is the smallest unit of price change quoted and depends on the specific platform you are trading.
For example, if you set a markup of 14 points and partner’s clients traded 100 000 EUR on Forex/EURUSD,
then reward amount for the partner will be calculated as:
100 000 EUR × 14 points = 100 000 EUR × 0.00014 = 14 EUR
Spread (soon)
You pay partners a percentage of the difference between the spread set on your platform and liquidity provider.
Reward amount = Difference between spreads (in base currency) × Markup × Percentage.
For example, if the spread in the ETH / USD pair received from the liquidity provider is 0.135 USD and the broker sets a markup on it at 100%, with 50% of it being charged by the partner as a reward, the partners will receive the following spread for transactions: $ 0.135 × 100% × 50% = $ 0.0675
*Each type of trading instrument usually has its own designated calculation. For example, if you start paying for lots with the Ripple / USD pair, you will pay more for a lot than you would earn for crypto, hence such a calculation is not profitable.
Commission
You pay partners a percentage of commissions received for trades of their clients.
Reward amount = Commission × Percentage
For example, if you defined the commission on your platform for all trades as 0.2% and the percentage for reward calculation as 10%, then the reward amount for a partner who bought, for one, EUR on Forex/EURUSD for 100000 USD will be calculated as: 100 000 USD × 0,2% x 10% = 100 000 USD × 0.002 x 0.1 = 20 USD.