Forex Affiliate Programs / Partnerships – Compare The Best 2023

What Is A Forex Affiliate Partnership Program?

An affiliate program, also known as an IB or introducing broker program, is when Forex brokers pay people to introduce customers to their platform. You will be paid a commission every time your referred clients open up a trading account, adds funds and then starts placing trades.

In truth, a Forex affiliate program is the same as any other affiliate marketing program.

How Forex Affiliate Marketing Works.

There isn’t a lot of difference to any other affiliate program that you have heard about, apart from the fact it is a financial product. The other thing that is a bit different is how you will be paid.

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More about this in a bit.

Firstly, let’s check out an example:

Say that you approved of a certain broker; you thought their platform and services were excellent, and as an IB, you have chosen to market the broker to make some commissions.

First, you will have to register as a partner on the broker’s website. After you have been approved, you will receive a unique affiliate link.

The next step is to market your link to aspirant traders, but two things have to occur for you to earn commissions:

1. Your link is clicked on by a customer.

2. They open a trading account with the broker.

The final element may be different between various brokers. Some may necessitate the client places their initial trade for the IB to earn their commission.

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How Much Money Can You Make Promoting Partnership Programs?

This is a very important question.

At the end of the day, you enrolled because you were seeking a further income stream of income, correct?

Well, once we have gone over the types of commissions in partnership programs, this is a question that you will be able to answer for yourself.

Likewise, the affiliate program you are marketing will determine the value of your commissions.

Affiliate Commission Types.

Now that you understand that introducing brokers are compensated on commission, in foreign exchange, you can be paid in four different ways.

1. Forex CPA Affiliate (cost per acquisition )

This is one of the most used terms in the internet marketing business.

Cost Per Acquisition, or CPA, signifies that you only get compensated when your referral:

► Opens a trading account.

► Deposits their initial funds and/or.

► Performs their opening trade.

If they do not undertake this procedure, it means that there will be no commission for you since the broker has not obtained them.

The CPA is determined by a client’s LTV or lifetime value. Different brokers will have a different LTV, so you will find that they have their own CPA value.

Even then, the industry norm can be anything from £300 – £800 CPA.

Nevertheless, this value is not inflexible, as it can go higher than this according to the amount of the deposited funds.

Armed with an approximate amount of how much you can make from each customer you refer, you should be able to come up with an estimated value of your projected revenue.

If you think CPA is slightly intimidating, you may get inspired by the next type of commission from the IB program.

2. Forex CPL Affiliate (cost per lead).

CPL, or Cost Per Lead, is when you get compensated if your referral concludes the registration with the company.

In this instance, the broker acquires the following information from the client you referred:

► Name.

► Email address.

► Phone number.

The broker obtains a “Lead” when this occurs, and the IB receives his commission.

A lead is a prospect, put in simple terms.

Sounds easy, yes?

To a certain extent it is, but there is a drawback to it:

Occasionally, on the signing-up page, the client may be required to enter the affiliate’s details who referred them.

At times, we all are forgetful, and if the client doesn’t enter the referring IB, the lead is lost.

Don’t panic, though, the next type of commission has lots of potential and could make or break the deal.

3. Distribution of Income.

Do you know that brokers make their money through the spread, as well as traders’ losses?

Some foreign exchange partnership programs may offer a share of this income with you. If they do, you will need to agree on the percentage you will get.

It is possible to increase your income very quickly, as this is a highly profitable industry.

Although these are the principal kinds of commissions on offer, some brokers are keen to make their affiliate programs appealing by consolidating them, as you will see in the next kind of commission.

4. Hybrid.

As the name suggests, this is the combination of all types of the previous commissions.

Example:

You could find a broker that offers a revenue share and CPA to their IBs as a way to pay them for their referrals.

5. Sub-affiliates.

Commonly known as second-tier affiliation, this is where, as a partner, if you successfully refer another affiliate to the program, you will receive a cut of their commission earnings.

This cut may be a fixed amount or a percentage of their pay.

Considering that this is a fairly large selection of FX partnership opportunities, there are some tips to help you rank them.

How To Choose The Best Forex Partnership Program.

Tip 1. First, think about the broker’s history. Some out there are known to scam not only their clients but also their affiliates.

On the same theme, check out how transparent and open they are.

The clients you refer will look for and see these things as an introducing broker, so make certain you do your due diligence on the companies.

Tip 2. You should investigate the reporting tools they have available. Being a partner, you need the capability to track in real-time the whole process from when a lead clicks through one of your links to the time that they open an account.

You should shun brokers that only produce monthly reports.

Tip 3. Examine the deposit and withdrawal procedure. Your referrals must be able to deposit and withdraw their funds and profits with the least possible trouble.

Consequently, it is your responsibility to promote brokers with a straightforward payment process, a number of deposit choices, and clear and lucid in their dealings.

Although this is not a definitive list of things to think about when deciding on a partnership program, the above tips are the most valuable.

How To Promote Forex IB Programs.

Selecting the best partnership program is not the finish. It’s time to start marketing and promoting it to possible customers.

How though?

Use your blog.

If you have a blog, you can generate content and insert your IB link within it. The content material needs to be thorough and must be valuable to your visitors.

For example:

You could draft a blog post where you review the Earnex Exchange trading platform and then inspire readers to sign up with your unique link.

After you’ve produced the content, don’t forget to drive targeted traffic to your broker/affiliate partner.

And there are two ways to do this:

► Utilise paid traffic by promoting your content with ads.

► SEO – optimise your content so that it can be found on search engines.

There are a lot of guides and instructions online on how to create a blog if you don’t already have one.

Or

Check out the following tip.

Use YouTube to promote your partnership program.

Create and upload video tutorials to a dedicated YouTube channel.

Example: –

Create a video tutorial on how to make money online using a particular broker. At times during the video, encourage your viewers to sign up for the broker via your link.

Go to your YouTube channel and upload the video.

Include your IB link within the description of the video.

Share on social networks.

As an example, Facebook has approximately 3 billion monthly users. Twitter and Instagram are another vast potential source of visitors.

Having such a large amount of viewers, you can share your link on those platforms.

Example.

Create a Facebook group about the broker’s trading and teach your members everything you know.

Occasionally share your unique link in the group so members can use it to sign up.

An additional way to promote partnership programs.

Email.

Email marketing is one of the oldest and most trusted online marketing strategies.

93% of B2B rely on email to help distribute their content.

This is not a surprise?

Here is why:

Studies show that for every $1 you put into email marketing, you get $38 back.

It’s crazy for something that costs next to nothing to start. Right?

So why not follow these steps to start promoting partnership programs using email?

► Create valuable content (main magnet) like e-books, tutorials and courses. It must be related to the program that you intend to promote.

► Sign up for the email autoresponder provider.

► Ask users to enter their email addresses in exchange for the free content you created in step 1.

Here’s how you can do it in a nutshell.

Once you’ve collected enough emails, be interested in building a relationship with your subscribers. Ask questions.

Curate the content around their responses.

Example:

You can ask your subscribers what their biggest challenge is when it comes to Forex trading.

When you get the answers, try to provide detailed answers.

And occasionally promote your FX affiliate program when it makes sense.

In Conclusion.

Forex partnership earnings can provide you with a lifestyle you’ve always dreamed of without needing to learn to trade. However, as you have probably understood so far, the utmost diligence should be used when choosing the best forex broker affiliate program. This is the only way you can avoid future problems.