IB and Affiliate terms
Introducing Broker (IB) and Affiliate Program Terms
Last updated: 1 June 2026
These terms govern participation in the NTW Markets Introducing Broker (IB) and Affiliate Program. In these terms IB means an Introducing Broker or an affiliate participating in the program, and you means the IB. They apply in addition to the NTW Markets Client Agreement and to any individual IB agreement you have signed. Where an individually signed agreement conflicts with these terms, the signed agreement prevails.
1. The program is for active Introducing Brokers
The IB and Affiliate Program exists to reward IBs who actively introduce and support trading clients. It is not a passive entitlement, a royalty, or a permanent commercial arrangement.
Commission rates are made available to IBs who are introducing business on an ongoing basis. An IB who ceases to introduce or support clients is no longer performing the role the rate was set for.
2. Your commission plan
Every IB is assigned a commission plan. The plan determines the total amount payable per lot across your introducing chain, and how that amount is divided between you and any IBs above or below you.
The default plan is the standard entry-level plan. Every new IB begins on the default plan. Higher-paying plans are made available only where NTW Markets has agreed one with you specifically, in writing.
Being placed on a higher plan at any time does not create an entitlement to remain on it.
3. Meeting the expectation your rate was set on
A plan above the default is agreed on the basis of the business you are expected to introduce. That expectation is the reason the rate was offered, and it is the basis on which it continues.
To remain on a plan above the default, you must continue to meet the level of introduced business the plan was agreed on. Where introduced business falls materially below it, you may be moved to the default plan.
For the avoidance of doubt:
- Introduced business is measured across your entire introduced book, on all account types and all trading groups — not one tier or one account.
- It is total volume however it arises. One active client counts the same as twenty clients producing the same between them.
- Volume is counted on closed positions. Open positions do not count until they are closed.
- Volume generated by accounts not correctly registered to you in our systems cannot be counted. It is your responsibility to tell us if you believe a client you introduced is not showing under your account.
4. Review and reassignment
NTW Markets reviews IB activity from time to time. Where an IB on a plan above the default is no longer meeting the expectation that plan was agreed on, we may move that IB to the default plan.
A higher rate is one side of an arrangement. You introduce and support the business the rate was agreed for; we pay the rate. Where that is not being held up, we may reduce, change or end the arrangement at any time.
Notification is at our discretion. We will normally tell you when your plan changes, and on request we will explain the basis for the decision. Neither is a condition of the change taking effect, and a change is not invalid, reversible or subject to compensation because notice was not given, was given late, or was not received.
Reassignment is not a penalty and does not affect your standing as a client. It reflects the level of business actually being introduced.
5. A rate is not a guarantee
A commission rate is not a guaranteed, permanent or contractual entitlement.
NTW Markets may at its sole and absolute discretion:
- move an IB between plans
- vary the amounts payable under any plan
- vary which instruments and account types attract commission, and at what rate
- suspend or withdraw an IB's participation in the program
- amend, suspend or withdraw the program in whole or in part
We will not exercise these rights arbitrarily, and we will tell you when something changes that affects you. But no rate, tier or plan is promised for any period, and nothing in this document should be read as a commitment to maintain a rate.
6. Commission already earned, and commission paid in error
Commission properly earned and accrued before a change to your plan takes effect is not withdrawn by that change. A change applies to volume generated from its effective date onward.
This is not a guarantee that any amount shown, credited or paid to you is correct. Figures displayed in a portal, quoted by staff, or paid into an account are operational records, not an admission that the amount is owed.
Where commission has been paid, credited or displayed in excess of what these terms and your agreed plan provide — including as a result of a calculation error, a system or data fault, an incorrect plan or rate being applied, a duplicated payment, or volume that is later reversed, cancelled or found not to qualify — we may recover the excess. We may do so by deducting it from future commission, adjusting the balance of any account you hold with us, or requiring repayment.
We will tell you what has been adjusted and why. An overpayment does not become yours because it was displayed, because it was paid, or because time has passed.
7. Returning to a higher plan
An IB moved to the default plan may be considered for a higher plan again once activity resumes. Reinstatement is not automatic and is subject to the same discretion set out in section 5. Speak to your partner contact.
8. Abuse of the program
The commission we pay is funded by genuine trading by genuine third-party clients. Activity engineered to extract commission without that underlying business is abuse of the program, and an IB who engages in it will be disqualified.
Disqualification means removal from the IB and Affiliate Program, forfeiture of commission connected to the conduct, and — where the conduct warrants it — permanent exclusion from participating again, directly or through any other person or entity.
Without limiting what may amount to abuse, the following are prohibited:
Introducing yourself. Registering your own trading, or that of a spouse, relative, employee, business partner or any person acting on your behalf or in concert with you, so that it appears as introduced client volume.
Trading for the rebate. Trading, or arranging or encouraging trading, whose main purpose is to generate commission rather than to take a genuine market position. This includes opening and closing offsetting positions, trading in volume disproportionate to account equity, and any pattern of trading that produces rebate while carrying no real market exposure.
Splitting or layering. Registering one client across multiple IB accounts, creating IB accounts to occupy additional levels of a chain, or otherwise structuring a downline to draw more commission than the genuine introducing relationship supports.
Sharing rebate to induce trading. Passing commission back to a client, or offering to, as an inducement to trade more than they otherwise would.
Exploiting pricing or execution. Using, or helping a client use, latency, price-feed errors, off-market prices, or platform faults, whether or not the trading itself would breach the Client Agreement.
Abusing promotions or protections. Using bonuses, credits, negative balance protection or any other program in a way it was not intended, or coordinating clients to do so.
Misrepresentation. Misrepresenting NTW Markets, its products, its regulatory status, or the returns a client might expect; guaranteeing profit; or presenting yourself as authorised to act for NTW Markets beyond introducing clients.
Falsified or concealed identity. Registering clients using false, borrowed or concealed identity details, or concealing a connection between yourself and an introduced client.
Volume from a client's abuse is not payable
Commission is payable on genuine trading. Where an introduced client's activity breaches the Client Agreement, the Deposit Bonus Terms, the Negative Balance Protection terms, or any other terms applying to their account, the volume arising from that activity does not qualify for commission — whether or not you knew about it and whether or not you were involved.
This includes, without limitation, volume arising from bonus abuse, trading whose purpose is to inflate volume rather than take a market position, abuse of negative balance protection, high-frequency or bot-assisted trading where it is not permitted, and trading on off-market or erroneous prices.
Where such volume has already been paid on, we may reduce your commission, withhold future commission, or adjust the balance of any account you hold with us to recover it.
We will send you the reason and a report setting out the accounts, the period, the volume disqualified and the amount adjusted, so you can see what the figure is based on.
This is not a finding against you. It reflects that the underlying trading was not business we can pay on — the rebate is funded by genuine market activity, and where there was none, there is nothing to fund it.
How we deal with it
Where we identify activity of this kind we may, at our discretion and without prior notice: suspend commission payments while we review; withhold or reverse commission connected to the conduct; move you to the default plan; remove you from the program; and close or restrict associated accounts.
We will tell you what we have found and give you an opportunity to respond, except where doing so would prejudice an investigation or where we are prevented by law or regulation.
Our decision on whether conduct amounts to abuse is final. Determinations are made on the evidence available to us, including trading records, account relationships and payment history.
Nothing in this section limits any other right we have under these terms, the Client Agreement, or applicable law, including any obligation to report conduct to a regulator or law enforcement.
9. Changes to these terms
We may amend these terms. The current version is always published at this address, and the date at the top shows when it last changed. Continued participation after a change constitutes acceptance of it.
10. Contact
Questions about your plan, your volume, or a change to either should go to your partner contact at NTW Markets, or reply to any message you have received from us about the program.
NTW Markets Ltd. Nothing in this document forms financial advice or an offer of any specific commercial arrangement.