Master IB

A Master IB is an introducing broker who recruits and manages a network of Sub-IBs beneath them. The Master IB earns override commissions on the trading volume generated by their downstream partners in addition to commissions on their own direct referrals.

What it means in practice

A Master IB (Master Introducing Broker) sits at the top of a multi-tier introducing broker network. Rather than only referring traders directly, the Master IB recruits other IBs -- known as Sub-IBs -- who refer traders on their behalf. This creates a layered partner structure where commissions flow upward through the hierarchy.

The Master IB earns in two ways: commissions on the trades of clients they refer directly, and override commissions on the activity generated by their Sub-IB network. Override structures vary -- some brokers pay a fixed per-lot override, while others pay a percentage of the Sub-IB's commission. The exact terms depend on the deal negotiated between the broker and the Master IB.

Managing a Sub-IB network introduces operational complexity. The Master IB needs visibility into each Sub-IB's performance, commission accruals, and referred client activity. Without centralized reporting, reconciliation becomes a manual and error-prone process that can damage partner relationships.

How Master IB works across industries

See how master ib is applied in the verticals Track360 supports, from qualification logic and payout structure to the operational context behind each model.

Forex

Master IB in Forex partner and IB models

In Forex, Master IBs are often regional partners with established networks in specific geographies. They recruit local Sub-IBs who have direct relationships with traders in their market. Commission structures typically involve [lot-based commissions](/glossary/lot-based-commission) at every tier, with the Master IB earning a smaller per-lot override on each Sub-IB's referred volume. Managing these multi-level payouts accurately is one of the most complex challenges in Forex partner operations.
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How Track360 handles this

Track360 provides dedicated dashboards for Master IBs with full visibility into their Sub-IB network performance, automated override calculations across multiple tiers, and configurable commission rules per level. Brokers can set up and adjust multi-tier structures without engineering involvement.

FAQ

Frequently Asked Questions

Common questions about master ib, how it works in affiliate programs, and where it shows up across Track360's supported verticals.

A regular introducing broker refers traders directly to the brokerage. A Master IB does the same but also recruits and manages a network of Sub-IBs, earning override commissions on the volume those downstream partners generate. The Master IB role combines direct referral with network management.

Related Terms

Forex & IB

Introducing Broker (IB)

Forex
Read Definition

An Introducing Broker is a partner who refers new traders to a Forex or CFD brokerage in exchange for ongoing commissions, typically calculated on the trading volume or revenue generated by those referred clients.

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Forex & IB

Sub-IB

Forex
Read Definition

A Sub-IB is an introducing broker recruited by another IB (the master IB) rather than directly by the broker. Sub-IBs operate under a multi-tier structure where commissions cascade from the broker through the master IB layer.

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Forex & IB

Lot-Based Commission

Forex
Read Definition

Lot-based commission is a broker affiliate or IB payout model where partners earn a fixed amount for each traded lot generated by their referred clients.

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Forex & IB

IB Rebate

Forex
Read Definition

An IB rebate is a payment that an introducing broker passes back to referred clients, typically funded from the IB's own commission share. Rebates are used to attract and retain active traders by reducing their effective trading costs.

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Forex & IB

Forex IB vs Affiliate

Forex
Read Definition

A Forex IB manages ongoing client relationships and earns from trading activity. A Forex affiliate drives referrals and earns per conversion. The key difference is depth of involvement.

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Forex & IB

IB Network

ForexProp Trading
Read Definition

An IB network is a multi-tier structure where a master introducing broker recruits sub-IBs, earning override commissions on the trading volume they generate.

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Forex & IB

Master IB vs Sub-IB

Forex
Read Definition

Master IBs recruit and manage downstream partner networks while earning override commissions. Sub-IBs refer traders directly and operate under a Master IB's umbrella.

Forex & IBRead More β†’
From the Blog

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