Forex is the largest financial market in the world, where millions of traders operate. The daily turnover is more than 5 trillion dollars. Forex is also one of the fastest-growing financial sectors, and you can join this global business by becoming a member of the Forex affiliate program.
Affiliation is a type of marketing program where a person refers to other people to a certain business in return for some kind of financial reward. This is usually done through recommendations, banners, links, or any other type of marketing tool. In Forex, affiliates refer potential traders to online Forex brokers in this case to FXOpen.com. The referral works when a potential trader clicks a link or a banner provided by an affiliate and later on registers to trade with the broker.
In simple words, Forex affiliation implies promoting a product or service offered by a third party and receiving a commission if the result is a sale for the company the Partner has entered into a partnership with.
In the Forex related context, this means that you place a link to the broker’s website or trading platform on your website or social media. If one of those who click on your link enrolls to the company services, you will be paid a commission. The commission is based on the amount of the deposit or the percentage of trades your leads make in the future.
The term Forex affiliate program or, as they say, Forex affiliates is sometimes used as a catch-all phrase for several different types of partnership models.
Get more info about how forex affiliate programs work here.
Affiliate trading commission is accrued either by a fixed amount for client registration (CPA model) or by interest from performed trades on clients’ real trading accounts (Revenue Share model). In the case of the CPA model, registered clients on the broker’s website are not assigned to the Partner.
CPA (Cost-Per-Action) is an Internet advertising model in which an advertiser pays for a user’s action on their website. According to this payment, a Partner will be paid for each qualified trader attracted. This model is available exclusively to eligible Marketing professionals or site owners.
Learn more about how the CPA model works here.
Revenue share is a commission structure whereby you receive a percentage of profits of your qualified referral for the lifetime of that client.
As an established affiliate partner, you will earn between 15%-50% of the earnings generated from traders you refer, month after month, for as long as their account remains active. The more traffic you send, the more you earn.
You can read more about the Revenue Share model for FX affiliates here.
Step 1. Create an image of an influential content source. Your audience should have a reason to trust your opinion. You should demonstrate an understanding of Forex trading or investments in general, provide advice and analysis that will not only attract followers but also make your opinion, advice, and recommendations valuable in their eyes.
Step 2. Start producing quality content. Think carefully about the topics your followers are interested in, and focus on the problems they want to solve. Pay close attention to your SEO strategy to attract incoming traffic to your website, blog, or social media.
Step 3. Start collecting email addresses from your followers. Even if you only manage to receive a few hundred email addresses, this is extremely valuable. The conversion rate is much higher for personalized emails that you receive directly from people interested in your content.
Step 4. Enroll in a Forex affiliate program. Now you are ready to choose a Forex affiliate program that works for you, both in terms of brokerage service and commission payment system.
Step 5. Get your Forex affiliate earnings. Now you have everything you need to start earning commissions as a Forex trading affiliate. Your broker will give you a unique referral link, and a full package of marketing content like banners, widgets, and other promotion tools. You just need to find out where to place them on your website or social media to make them catchy, but not intrusive.
To start partnership with FXOpen an affiliate needs to register an FXOpen account (an eWallet) to credit your partnership remuneration to. We offer standard remuneration terms, a personal referral link, banners, and other promotional materials.
Join the FXOpen Affiliate Program to enjoy attractive commission rates and numerous benefits!