Forex Affiliate Programs: How to Get Started?

Trading is not the only way to earn on the Forex market. Another option for gaining profit from this fast-growing sector lies in affiliate programs. Brokers need to augment their audience and conquer new markets; this is why such companies are ready to pay rewards to partners who attract new clients.

What is a Forex Affiliate Program?

An affiliate program is a marketing instrument that brings new clients to a brokerage company. The essence of a program is that partners attract new clients and get rewards for every referral. Referrals are users who have joined a trading platform via referral links.

As for referral links, partners publish them on their websites or share them via social network accounts. The more clients you have attracted, the better.

Everything seems to be exceptionally simple: partners generate referral links, share those links via different channels, and get rewards. Meanwhile, marketers face a lot of nuances and pitfalls. Which remuneration models are offered? What are the best Forex affiliate programs? How to start gaining profits? Let’s find detailed answers to the questions mentioned above.

Types of Remuneration Models

First and foremost, partners are interested in how much they can earn from one referral. Rewards directly depend on the chosen model. CPA and RevShare options are the two most widespread remuneration models. What are the differences and which model brings more profit?

CPA Remuneration Model

CPA (cost per action) grants affiliates rewards for every active action performed by a referral. For instance, a person completes the signup process on a trading platform, and a promoter gets a fixed reward.

Top-rated brokerage companies offer their affiliates up to $1,000 and even more according to the CPA model, but it doesn’t mean that the signup process is enough to get rewards. Brokers point out which actions are mandatory from referrals.

Furthermore, the country of a referral does matter. For instance, IQ Option pays $70 when your referral makes his first deposit in South Africa. As for Swiss users, the payout is $130 per trader who deposited funds.

RevShare Remuneration Model

Revenue Share means that affiliates get a part of a broker’s net profit generated from spreads and commissions. The more deals traders open, the higher rewards partners get.

Industry-leading companies offer from 50% to 80%. On the other hand, newcomer partners get much lower rewards due to a set of additional conditions. Marketers need to fulfill some requirements (e.g., the minimum number of deposits) to reach higher remuneration levels.

What is the best model for affiliates? CPA rewards are fast; meanwhile, partners get them on a one-time basis. When talking about the RevShare model, partners receive their percentage for as long as an attracted referral trades on the platform.

Other Remuneration Models and Possible Bonuses

Aside from the mentioned models, brokers may offer rewards per each lot traded by a referral. Affiliates earn from $5 to $8 based on such a model. Other hybrid plans exist as well, but those are not that widespread.

Some brokerage companies provide marketers with bonuses to encourage them to produce even better results.

Key Aspects to Take into Account When Participating in Forex Affiliate Programs

The market is filled with thousands of brokerage companies. Together with top-rated industry-leading brokers unscrupulous companies coexist. One needs to take into account some important criteria to understand whether a broker is worth partnering with or not.

Licensing

The era of unlicensed brokers attracting traders is over. At present, newcomer clients are rather demanding; this is why they expect a company to be licensed in one or even several jurisdictions. As for brokers having no licenses, those may manipulate the quotes and deceive their clients. Furthermore, affiliates may not be rewarded according to the previously discussed models. When looking for a trustworthy brokerage partner, choose from licensed companies only.

Transparency

How much can an affiliate earn? This question is among the crucial ones for a newcomer marketer. Some brokers give a clear answer by pointing out the structure of rewards. Look through the conditions and requirements to understand which actions and volumes are mandatory to earn from your referrals.

For instance, a top-rated broker clarifies that your referrals need to make their first deposit of at least $10.

When brokerage companies put an accent on possible rewards (up to $1,500 or up to 60%) and do not mention requirements and structures, that looks suspicious.  

Promo materials

The success of your marketing campaign depends much on the quality of marketing instruments – i.e. banners, lending pages, advertising buttons, etc.

High-class brokers provide their affiliates with a set of promo materials. Marketers get ready-made solutions and the only required step is to place those materials in the most advantageous place on a webpage.

Furthermore, industry-leading companies are ready to offer customized promo materials designed for your personal needs.

Reports and statistics

Imagine that you have run a marketing campaign and attracted some newcomer clients. You need some tools to understand the activity of your referrals and evaluate the efficiency of your campaign. Brokers should unlock access to detailed reports and advanced statistics.

The more data you get, the more profound your analysis is going to be. Compare different marketing approaches to understand which methods and promo materials are the most suitable.

Hence, the above-mentioned criteria help marketers to understand whether they deal with trustworthy brokers or not.

On the one hand, you may partner with several brokerage companies, but on the other hand, you will disperse your attention and get less effective results. The exception is programs that provide marketers with direct offers from several top-rated brokers.

How to Join a Forex Affiliate Program?

The following steps are required to start earning money as an affiliate:

• Choose a broker or a program you want to partner with.
• Complete the signup process on the affiliate page. When you create an account on a trading platform, this step is still mandatory, as the affiliate program functions independently.
• Decide on what remuneration model you want to use. Generate an appropriate link. Once you have added the link to your website, you cannot change the chosen remuneration model. Think carefully, and compare the pros and cons of every model before generating a link.
• Get ready-made promo materials with a link generated in your personal account and place it on your webpage.
• Start earning money from your referrals. Track the efficiency of your marketing campaign through the system of reports. Make changes if necessary.

The Top-5 Forex Affiliate Programs

Here is the list of top-rated affiliate programs available for marketers:

#1. Affstore

Affstore is not an affiliate program in the traditional sense. This is more like a package solution. Affstore unlocks access to direct offers from industry-leading brokers, including IQ Option, Exnova, Quadcode Markets, etc.

With the CPA model affiliates get up to $2,000 from one referral. The RevShare model grants partners up to 80% of a broker’s net profit.

A wide range of high-quality promos help affiliates set up an effective marketing strategy. At your request individual customized promo materials are available as well. In-depth analytics, sponsorship payments, daily payout, and extra pleasant rewards for top-performers make Affstore the best solution in the Forex affiliate market.

#2. Exness

Exness is a trusted broker licensed by CySEC, FCA, FSA, and FSCA. The company welcomes traders from more than 150 countries.

Affiliates get access to the most widespread remuneration models: CPA empowers partners to earn up to $1,850 from a referral, and RevShare (Introducing Broker Program) offers affiliates to earn up to 40% of the broker’s net profit generated from commissions and spreads.

Promo materials, detailed real-time reports, regular payments, and instant withdrawals make the broker among the best market options.

#3 RoboForex

RoboForex is a Belize-regulated broker with tight spreads and different trading account types.

As for the affiliate program, the broker offers only the RevShare model. Partners get 85% of spreads paid by attracted referrals and 20% of their swaps.

Furthermore, marketers may partake in the CopyFX partner program. Affiliates need to attract investors who want to earn passive income through copying deals of successful traders. This program offers rewards of up to 50%.

 #4. FX Pro

FX Pro is a trustworthy British-based broker licensed by the UK Financial Conduct Authority, CySEC, FSCA, and SCB.

The broker’s affiliate program includes two remuneration models: CPA enables partners to earn up to $1,100 from every referral. The RevShare model offers marketers to earn up to 55% of the broker’s net profit.

Affiliates access a set of multilingual promotional materials, diverse marketing tools, online in-depth statistics, and the assistance of a professional manager at all stages.

#5. IronFX

A broker regulated by CySEC, FSCA, and FCA, welcomes traders from more than 180 countries.

The affiliate program includes the two remuneration models. Based on the CPA plan, partners may get up to $1,000 per referral. The RevShare plan provides affiliates with $15 from one lot traded by an attracted referral.

IronFX provides its partners with a wide range of free promo materials, advanced technologies, revolutionary hybrid payment solutions, etc. 

Bottom Line: Is a Forex Affiliate Program the Best Earning Option?

Affiliate programs let marketers earn from the Forex market without the understanding of how this market works. The only requirement is to attract as many new clients as possible. On the other hand, affiliates need to partner with trustworthy licensed brokers that offer the highest rewards.