Forex Affiliate is a type of online marketing in which a Forex Broker will reward affiliates (Marketers or so-called publishers) for each client they refer to the company - clients who make deposits in the broker and start trading.
The Forex brokers industry is extremely competitive, the industry has become a very popular and lucrative niche among investors and traders, small and big, hence, the potential is high for successful affiliate marketers and online business owners in the finance field.
During the past 10 years, affiliate marketing has become a very important aspect for every single Forex broker, in order to reach a wider audience (clients), to increase sales and succeed. Forex Brokers are always keen on acquiring new partners and affiliates to bring them new clients, the reward or commission for Forex affiliates has also become competitive among many Forex brokers due to the high popularity of Forex affiliate marketing. By now, Forex brokers pay the amount of 3$ up to 15$ or even moreper each traded lot to their affiliates and partners.
Forex Market has a $5.3 trillion trading volume per day, it has an industry so big with millions of individual traders and investors from all over the world, regardless of the size of your business, Forex affiliate marketing is an excellent way to generate an income from online affiliation with Forex brokers.
How does Forex Affiliate Work?
Forex affiliates mainly refer potential traders through their websites, online communities, Social networks or Blogs by using links, banners, contents and similar online marketing materials. When a potential trader visits a broker website through an affiliate's link and registers an account, the client becomes a referral or a client under the affiliated person. Later when the client funds his account and starts trading, the affiliate will start receiving commissions, coming to his/her account for that client trading activities.
All Forex affiliates will have access to their personal cabinet on the broker website, in which they can check statistics and reports such as incoming commissions, conversion rates, top performing ads, clients list, trading activity, deposits and more. Each Forex broker may have set up different affiliate cabinet software with different features and options, the more detailed and in depth the reporting system is, the better and more reliable it will become.
Forex brokers, especially serious and big FX Brokers, would take good care of their affiliates, simply because building a network of partners on a global scale in Forex industry is necessary to achieve and maintain success. Many Forex brokers now provide a personal affiliate account manager for their partners, who helps with affiliate’s needs and requirements.
Forex affiliates can become partner with one or several Forex brokers, in order to broaden the choice for their audience according to various type of Forex brokers. Becoming an affiliate with a Forex broker is easy and straight-forward, generally an agreement is signed by both parties (the Affiliate and the Broker's Affiliate manager), in which the terms and conditions are written down and the amount of commissions are defined. Account approval is also the next step by sending identity documents.
Risk Warning: Forex Trading caries a high level of risk, leveraged products are not suitable for all investors. All contents posted on this website are purely for informational purposes and it does not provide legal advice.