All About Forex Affiliate Programs

Basic information about Forex affiliate programs

A Forex affiliate program is a type of advertising for a company in which a partner of the company brings in clients in exchange for a reward that is usually financial. In the World Wide Web, this is being done, in addition to recommendations (you send a message to someone to "go to that place"), through banners, landing pages through links or similar forms. 

Affiliates of Forex companies refer their clients to Forex brokers. For the referral to be successful, the client who used the affiliate link to access an online Forex broker's page must register and most of the time deposit a certain amount of money. The systems generally automatically transfer the prizes to their affiliates as soon as the new customer has applied.

Most online affiliates are individuals who run websites, usually on a topic that is somehow related to the Forex market but not necessarily. You don't need to have a business to become an online affiliate, and in a matter of minutes, you can become an affiliate of any business.

The referral link contains the word "landing", so when you see this link, you know that you are looking at an affiliate link. Therefore, whoever becomes a client of that broker, the affiliate through whom he contacted the broker, receives a reward. 

It can be a refund for pips that your client trades, it can be a COST PER ACQUISITION, which means that the affiliate receives compensation when a client they referred makes a deposit and depending on how they deal with their broker, they can get around $ 150 which is standard, but if the deposit is greater than the minimum you can probably get higher compensation, it depends on the broker's policy regarding that question.

The COST PER LEAD reward method means that a reward will be paid to an affiliate if a referred customer gives their details, it can be on a demo account or elsewhere.

The income sharing is interesting because it means that the affiliate partner also shares in the losses. There are also combinations that some brokers offer to their affiliate partners. Also, there are options at certain brokers to have referred clients "become affiliates." 

If someone you referred also refers someone, you also receive a cut, but since it is difficult to track all this, be careful if the broker you refer clients to has this system developed.

Before wanting to become an affiliate, you must first know the broker you want to work with. Certain brokers don't play fair, people here and there meet a broker who doesn't even pay, or someone else is late to let them know that a client opens an account. Therefore, you need to make sure you know what reputation your broker has.

Searching and asking is something you want to do, but reading reviews is not enough. Some of the reviews may have been written by the broker himself.

Finding a reliable broker doesn't have to be difficult, but it could be. So some of the more reliable ones require you to have a higher minimum deposit fee to some extent to open an account. This is why some people try to join brokers that do not require a large investment. But on the other hand, that may not be good for you.

To understand exactly what your so-called broker does, see if their customer service works well at their job. Because a company with a good customer service team is very likely to try and go the extra mile to make sure their customers are satisfied.

Always make sure to see if there are tools that your broker offers to monitor the status of referred clients in real-time. It's important because if there's no such option, you could lose your recommended customers' transactions and unknowingly run out of your reward. Even though your reward in some brokers could be automatically transferred to your account, you need to know what really happens.

Withdrawing money is something you need to pay attention to. Not just because you want to have your money in your account as soon as possible, but because the variety of methods of dealing with depositing and withdrawing money for clients means more conversions, and that's what you want to happen.

A tip to test your broker >> open an account using your own link (refer to yourself from a different IP address), and with different information, different personal details, make a transaction and see how long it will take them to grant you. 

It happens that it is not. No serious runner will not allow himself to fall into such a stupid trap. You can of course have your friend open an account using the link you provide and verify your broker that way.