Forex Affiliate programs explained by MiniForex.com top FX experts, All you need to know about what is Forex affiliate networks or which companies are in the best Forex Affiliate programs list and provide the best Forex CPA offers.
What Is Forex Affiliate Program
Forex Affiliation is a type of a marketing program where a person refers other people to a certain business in return for some kind of a reward (typically financial). This is usually done through recommendations, banners, links or any other type of marketing collateral. In Forex, affiliates refer potential traders to online Forex brokers. The referral works when a potential trader clicks a link or a banner provided by an affiliate and later on registers to trade with the broker. That trader is ear marked as a client of that Forex affiliate through whose referral link he arrived.
Forex Introducing Broker or Forex IB
Affiliate is an Internet type of a Forex Introducing Broker (Forex IB). It’s being a Forex IB but without typically having an office or sales staff. Internet Forex Affiliates refer their clients through websites. Becoming an affiliate is much simpler and typically Forex Affiliates are private individuals with internet properties and large traffic as opposed to IBs who are mostly organized as companies and are more institutionalized. Becoming an affiliate for the best affiliate forex brokers is very easy and can take less than 5 minutes.
How does the Forex Affiliate referral link look like
Typically, you’ll be able to see a short line of code right after the Forex broker’s domain name. For instance, if someone referred clients to ForexSQ, their referral link might look like this: https://www.forexsq.com/landing.php?id=5. This tells you that who ever is placing this link works as an affiliate.
Types of Forex Affiliate Compensation Methods
As said, Forex Affiliates are compensated for their referral (why else would they place the best affiliate forex brokers links on their websites, right?). This compensation can take various forms:
Affiliate much like and Introducing Brokers, are compensated for a volume their clients make. For instance, an affiliate gets 1 pip for every standard lot his client trades. Industry standard is 0.5-2 pips depends on the broker (market maker or ECN, competitive spreads or not) and currency pairs (majors or minors – minors tend to have wider spreads as they are less traded).
Forex CPA Offers
this stands for Cost Per Acquisition. This type of compensation is paid when a referred client either signs up for a Live account or makes a deposit (nuances are very important here). Industry standard is $150-250 per client and can go considerably higher depending on the deposit size.
This stands for Cost Per Lead. The affiliate is compensated when a referred trader provides his details on broker’s landing page (marketing page which offers something to the trader while collecting basic details like name, phone and email address). Some brokers offer this if a referred trader signs for a demo accounts as well.
Forex Revenue sharing
This is the most ‘interesting’ type of a compensation. Market makers profit not only from spread but also from some of their clients losses (not every $ lost is a $ in broker’s bank account!) and some affiliate programs go as far as offering part of their ‘revenues’ from clients. This typically stands for part of the losses.
And of course there is a Hybrid type of commission which involves couple of the aforementioned options. For instance, an affiliate can get a Forex Affiliate CPA + Revenue sharing.
Another important type of program is called 2nd tier (referring a trader is consider 1st tier) – this basically means that if you are a Forex Affiliate and you refer a Forex Affiliate to the Forex Affiliate Program you get a share of that Affiliate’s revenues (can be a fixed amount or percent of revenues). Honestly, don’t count on that too much: it’s hard to track this and brokers don’t really like paying twice.
Top Forex Affiliate Programs List
The FX brokers below provide the best Forex Affiliate program, Finding out who is in the best Forex Affiliate Programs list:
- Plus500 was established in 2008 as an online international trading platform that is popularly used in Asia, Europe and Australia and elsewhere in the world.
- Fxpro Forex Broker Founded in 2006, London-based FXPro is an online broker offering Forex trading along with CFD’s.
- eToro is a social trading and multi asset brokerage company that has registered offices in Cyprus, Israel and the United Kingdom.
- HYCM previously known as HY Markets broker is headquartered in London and is authorized and regulated by the Financial Conduct Authority of the United Kingdom.
- Markets.com maintains its headquarters in Cyprus, UK and is an investment services firm that is operated by Safecap Investments Limited (Safecap), which was founded in 2006 and is a subsidiary of Playtec PLC.
- AvaTrade was founded in 2006 in Dublin, Ireland and is licensed and fully regulated in the EU and BVI, as well as Australia, Japan and South Africa.
- ETX Capital is a broker that was established in 2002 and is headquartered in London, England.
- XM.com forex broker was established in 2009 in the Republic of Cyprus using the name Trading Point of Financial Instruments Ltd. The broker is regulated by CySEC as well as the UK’s Financial Services Authority (FSA).
Easy Forex affiliate program
The easy forex affiliate program blongs to easy markets broker, The easyMarkets broker is the result of the re-branding of “easy forex“, the name under which this broker was established in 2003. The easyMarkets firm is headquartered in Limassol Cyprus and maintains satellite offices in London UK, Sydney Australia and Warsaw Poland.
Forex Affiliate Earnings
The only thing you must know is the competition in the Forex affiliate programs is so hard and you must really try hard to increase your forex affiliate earnings.
Forex Affiliate Program Conclusion
By this article about Forex Affiliate programs now you know all about what is Forex affiliate networks or which companies are in the best Forex Affiliate programs list and provide the best Forex CPA offers.
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