List of forex affiliate programs with sub affiliate program
In this forex affiliate programs list are all brokers that offer affiliate and sub affiliate (forex affiliate Second-tier) programs. If you want to see all brokers that offer affiliate program than you visit all this brokers on ranking list – forex brokers ranking list.
Commission is most important part of business
The ways you can charge your services (and that means having banners or links on your website) are plenty. Some forex affiliate programs offer several types of commissions.
Rebate in forex industry is percent of brokers profit per each trade.Rebate system is based on Volume. Fot example if trader creates order 4 lots buying EURUSD. Spread is 1 pip.Profit is 4×1*$10 = $40. Affiliate will earn $10 and broker $30 if rebate system is 25% for affiliate.
Revenue share – is the same as rebate system only it is based only if trader lose money. This system is more for gambling sites or binary options.In forex industry volume is more important.
Cost per Acquisition works in a way that you get your money when the person you referred opens an account, deposits money, or executes a trade, depending on the broker’s offer. You can probably negotiate with the broker for your commission, but make sure to comprehend when your commission is going to be paid, and how much will you get exactly.
Another form of getting your commission is so called Cost Per Lead (CPL). With CPL, your referred person enters details on the landing page of the broker, through signing, name, email, phone number…) Broker gets those valuable details and you get money.
One of more interesting types of commission is considered to be revenue sharing. If you want to sign for this, consider that the money you get is the money your referred person lost. Brokers usually profit from the spread, but they make profits when clients lose.
Hybrid commission is combination of CPA and rebate system. In this commission type affiliate will get and revenue share commission and some addition per new deposit trader.
How to start in forex affiliate business ?
This guide will show you all that needs to be familiar with to start with working as a forex affiliate.
Find out here why should you promote forex, how the affiliate marketing goes, get to know different ways how to earn money, and most importantly, read some things to think about when you want to chose a affiliate programme for forex.
Promoting forex
Forex is a market open 24/5, which only sleeps on weekends. It is present in the whole world, all the time. It is the world’s largest financial and a very liquid market, with unbelievable daily turnover of more than 5.3 trillion. Get your share of that ?
Forex is this successful partially due to its simplicity and availability to everybody. Your clients don’t have to be a fancy shmancy suited stock brokers to take part in forex. It is internet-based, and thus it is yet a young developing system that needs people like you to sustain its growth.
For an affiliate marketer that knows how to get things done, this global market can offer pretty much unique opportunities. Just think of the customer value; forex customers don’t get here to pull off just one transaction and run away, they are here to stay.
Consider the accessibility to the forex market, which is internet. That secures a potential access to potential customers from whole world, and it is up to you to remove this “potential” part, and show access to your customers.
Since it isn’t casino gambling, or suspicious investing, forex is appealing to people as a trusted market and a place where people can invest their funds. It isn’t as hard to sell forex entrance, as it might be to persuade somebody to bet on horses, or to pull someone to a black-jack table.
Besides metals, oil, gas and stocks, forex is – regardless of it being something rather new – well-recognized trading product. The rapid growth of its popularity is still ongoing, so join in, you don’t have to push, just go along to flow.
Every day more and more people get to know forex, in a good part thanks to affiliate partners, like you are going to be.
Being a forex affiliate in conclusion can make you solid earnings.
If, by now, you think all these opportunities are something to grab on to, let’s see how works this affiliate marketing, shall we?
Basically, affiliate marketing for the forex is rather the same as affiliate marketing: you get paid when some you referred to a forex broker begins trading with the broker.In essence, there is no radical difference between affiliate marketing for forex and “regular” affiliate marketing, as in both cases you perform online with referrals being referred to forex brokers through links or banners on your website.
However, the major difference is that an affiliate is known as Introducing Broker that has sales staff or it can have an office, while as a forex affiliate, you can be an individual with solid web traffic on your website. You don’t have to be a company in order to be a forex affiliate.
In order to be an affiliate for forex, some brokers have a system through which it takes you less than several minutes to become its affiliate.
Very few brokers offer being sub-affiliate. That means that your referred person can refer another person, and you get money from their share too. Well, actually, the broker doesn’t split one share, but pays twice, thus “very few brokers offer…”
Keep in mind that these are the good aspects of being a forex affiliate, and like every job, there comes responsibility, focus, and obstacles as well as things to be careful about.
In online marketing, you’ll have to see for yourself what works and what doesn’t. You must be present in order to adjust it in the present time.
In being a forex affiliate, first thing to consider is to make sure your broker equips you with software that will enable you to keep an eye on your performance. It can happen that you have a certain success, but your broker doesn’t report it. You usually won’t have this problem with checked and known brokers, because such companies wouldn’t risk their reputation that way. By the way, they won’t risk their reputation in any way. ?
When you get paid by your broker for a success of your referral, you need to know the details about it to be sure you are getting paid the fair and exact amount.
As said, choose a broker that is known and that you can trust. Of course, you would do that on your own, but here are tips on how to avoid being scammed. Since you are reading this, it might be very likely that you are not very familiar who is a trusted forex broker and who claims to be such.
When you see an offer to become some brokers forex affiliate, consider double-checking it, google it, and research. Spend your time to ask around about it.
Again, these are the tips to get you well shaped to know what to consider:
First step is to be sure the broker regularly operates in its own country. Information like this should be easy to access, as it is mostly found on the forex broker’s website. And see who regulates that country and does it match.
Secondly, the forex broker can be regular in terms of law, but you should check its history; maybe it’s a spin off of another unsuccessful broker, or a broken down broker or it has a suspicious history. Make sure that you follow well what the broker did in past and what other say about it.
You’ll want to affiliate with a broker that has plenty opinions, positive ones of course, as that means many people know about it and maybe have had personal engagement with that particular broker.
Make sure, anyway, to talk and negotiate with affiliate manager of the broker in question. You’ll thus know who you are dealing with, how serious it is, how high its expectations are and you’ll get an all-around feeling about it.
Now, when you feel it’s right, try to find out what internet marketing tools the broker offers. Check if you know how to make the best out of it. Because, regardless if the broker offers world’s latest top performing tool, but you don’t find your way with it, what use is it to you. Don’t fall for “this is the best tool”, but chose the best tool for you.
However, it’s better to have a wider variety of tools rather than just one that you are good with. You’ll certainly need more.
“More” here means banners of different shapes and different sizes, and you’ll know what shapes and sizes those are. It’s your website and you know how you want to use those.
Something neat your broker might offer you are email templates that you might want to send to your potential clients.
Widgets of course are something you’ll want to have available from your broker that can pull a client in, for example convertor for currencies or live rate tables for currencies.
Information about forex, about the broker, about trading will have to be maybe the most important thing besides banners. You will want to make sure that you can offer your potential client answers to all possible questions. Therefore e-books, blog articles, text links for provoking clicks, or outlooks for market on daily or weekly basis, videos and information that you can offer your clients.
Landing pages will help you help your clients have an easy path to registering to your broker. That is something any client to anything wants; easy and simple way to do it.
Commission payment and withdrawal methods
When negotiating with the broker, you have to ask when you can expect to be paid.
You can also probably demand, but it depends on what they can offer; weekly, monthly?
But when it’s all done, you want to get you money. There is more than one way for that to be done, but you have to be cautious with that. First, you need to make sure that your client has an easy way, as we said, to do his work; signing up, depositing money, depositing money…
The easier it is for your client to deposit money, more money will he/she deposit, and that means more conversions for you.
But for withdrawing your commission, make sure it’s something straightforward, like electronic bank transfers. If there is a way to avoid cheque, avoid.
Beware of fees for your transfers. Sometimes, a broker might not charge fees, but the bank surely might. So just for the sake of being cautious ask your broker what’s with transfer fees? On whose account does that go?
Choosing broker for your clients
When you want to chose a broker, don’t forget who your clients are. For example, we said that whoever they are, whatever profile they are, you have to adjust to that. If your potential clients don’t speak Russian, don’t take a broker whose website is only in Russian.
If your potential clients are mostly novice traders, don’t take a broker that you know is better suited for experience traders, or that will make novice traders confused and highly unsuccessful.
As an affiliate, you’ll have to be a good manager and transfere to your clients as well as to your broker. Because, should the word spread that you don’t bring luck, you’ll get a bad reputation. So think about who your clients are. That is, who is the audience to your website.