Key terms
- IB type
The set of criteria based on which a broker pays rewards and the set of parameters for calculating these rewards. The broker can configure more than one IB type with separate settings and, for example, different types of registration.
- Broker
The owner of a partnership program.
- Partner
The client who signed up to the B2Core UI and joined a partnership program. Let’s say, it is Jack. After joining the partnership program, Jack receives a referral link.
- Referral link
The personal link of a partner which usually leads to the Sign up page of the B2Core UI. All clients who signed up by this link are direct clients of this partner.
- Direct client
The client who signed up to the B2Core UI by a referral link of a partner. Let’s say, it is Jill. Jill joined the partnership program by Jack’s referral link.
- SubIB
The client who signed up to the B2Core UI by a referral link of a partner and then joined a partnership program. In other words, this client decided to become a partner too. Let’s say, it is Jill. Clients brought by Jill are not direct clients of Jack, but the broker can still trace them back: Jack → Jill → Clients brought by Jill. Jill has many friends, so 100 of them signed up to the B2Core UI and started trading.
- Level
The setting of an IB type. It determines how many participants in the chain from the partner to the trader receive a reward. By default, only Level 1 is configured, which means that the broker pays rewards only for trades of direct clients. Let’s say, the broker pays Jill the Level 1 ratio for the trades of the direct clients. For example, the Level 1 multiplier is 1. But the broker may want to pay Jack the Level 2 ratio for the same trades (because if not for Jack, Jill might not have joined the program and would not have brought so many clients). For example, the Level 2 multiplier is 0.5. And so on. The depth of the clients tree is not limited, and the broker chooses the number of paid levels. With the Max amount payment plan, the broker can also limit the total reward amount and specify reward amounts for each level as a fixed value, not a ratio.
- Tier
The setting of an IB type. With the help of tiers a broker can encourage partners with extra motivation. For example, the broker can configure increased reward ratio for each partner who brings 100 active clients in 30 days. Or increased reward ratio for each partner whose clients have traded 1000 lots in 14 days. Or both at once.
- Personal ratio
The individual configuration of reward amount. For example, the broker can pay increased rewards to partners who bring many clients and trades. Unlike tiers, this setting is not automatic and is set manually by the broker for selected partners.
- Master IB
The special status of a partner. For such partners, a broker can configure an individual number of paid levels with fix ratio. MasterIB status overwrites settings of a partnership program for this partner.