AvaTrade is one of the best low-spread forex brokers, so it can take a while for fees to add up. But the revenue sharing agreement is good for as long as a trader remains an AvaTrade customer, so this is a great deal for affiliates who are in it for the long term. Referees only need to make a minimum deposit of $10 to generate a commission for affiliates. The minimum deposit to earn the maximum commission is generally $500-$600, depending on the trader’s country of residence.
Each of the below affiliate programs has been selected based on this criteria and comes with a solid reputation. Forex affiliate programs can use suitably vague language to sound good but not actually offer anything. It’s a Forex trading platform that uses MetaTrader 4, but also allows you to trade on your smartphone or tablet. You can choose to test the waters with a demo account or deposit US$200 to get started with your ‘Standard’ account. There aren’t many affiliate programs out there rewarding affiliates to this level.
Lucrative Forex Affiliate Programs You Need To Sign Up For TODAY
There are many reasons why the forex broker affiliate program can be a lucrative venture. I recommend signing on with at least 5-10 different brokers early on so that you can experiment with their different platforms, tools and services to see which ones work best for you. Signing up to join Vantage’s affiliate program only takes a few minutes. Affiliates also receive 24/5 support to help them start earning commissions.
If so, then Forex affiliate programs are the perfect opportunity for you! Forex trading affiliate programs offer a great way to make some extra cash online. So, when you successfully refer a customer to a forex broker or program, you will get some commission. However, if you aim for a passive income, you have to promote the best forex affiliate program. It is because the best forex broker affiliate program usually has a good conversion rate. This article will ultimately take you through the top forex affiliate network and how to get started with them.
Affiliates can also earn a rebate of $15 per lot on their referees’ trades. All together, IronFX’s offers have the potential to earn affiliates a lot of money. Affiliates receive daily payouts via bank transfer or e-wallet, and they can easily track their leads and commissions using a statistics dashboard. XM offers payouts weekly instead of daily, but the withdrawal minimums are low and there are many payout options. The broker offers a very attractive revenue sharing deal, giving affiliates 50% of the trading fees generated by their referees. Option two is a revenue share plan that gives affiliates a 20% cut of trading fees from every trade that a referee makes.
Affiliates earn the same 20% cut no matter what country the referred traders are from or what instruments they trade. Forex affiliate marketing typically entails signing up and receiving a referral code. This is a code specific to one affiliate that the broker can use to track which traders signed up because of that affiliate. To count, referees must forex affiliate traffic enter the affiliate’s referral code during the sign-up process. Forex affiliate programs (like other investing affiliate programs) can be a phenomenal and highly lucrative way to make money. However, great judgment needs to be excercised due to the nature of the industry and the potential for fraudulent or shady companies to rip off your referrals.
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Some of the programs we stumbled on in our research were hilariously bad. Since 2003, Forexmentor has been offering high-quality training and mentoring resources to the Forex trading community. TradeEU makes the trading experience open to all and as easy-to-use as possible. BlackBull Markets is a true ECN, No Dealing Desk brokerage specializing in Forex, CFDs, Commodities, Fibre Optic Communications, and Fintech solutions for a global clientele. They have a rating of “excellent” on TrustPilot from customers since they launched in 2016.
Its affiliate program is one of the most extensive currently available in the industry, with a range of tools and systems in place to support its affiliates. Forex traders conduct their business via brokers, which are financial companies that act as a marketplace for traders to purchase, sell, and trade a range of currencies. Many of these brokers will charge users transaction fees for using the platform. The biggest disadvantage of Forex Affiliate Marketing is probably the fact that you never know exactly how much money you are going to make.
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That’s in line with the requirements of other CPA programs, but it’s nice that affiliates can earn even for traders who are just testing the waters with a small deposit at Exness. The exact amount an affiliate earns depends on the country that the referee is from. So, traders who want to earn more can focus their marketing efforts on Tier-1 countries.
- So you can either compete for $5 and $10 commissions along with thousands of other affiliates.
- Forexmentor is one of the oldest Forex training platforms around helping new traders learn the fundamentals.
- Founded in 2002, Income Access is an industry pioneer in affiliate marketing software.
- Michael Graw is an experienced writer from Bellingham, Washington who covers finance, crypto, and technology topics for Techopedia.
Still, there are differences between them that might make one broker better for certain types of trading. For example, we think eToro is one of the best crypto exchanges to use right now. AdroFx is the final broker on our list and one of the newer ones, founded in 2018. The company is regulated and has headquarters in a few different places including St. Vincent and the Grenadines, Vanuatu, and Saint Lucia. Forex Trendy is a trading tool that scans for currency pairs on custom timeframes to help spot trends and optimize trading outcomes.
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Some of the features of the tool include live charts, email alerts and live notifications, automated chart analysis, and more. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. So what we’re sharing with you is the best Forex affiliate offers available today.
With that said, here are a few critical factors to look into before signing up for any program. The Prime XBT affiliate program is on the higher end and offers up to $1,000 CPA for every qualified trader who registers. Auto FX Pro is a Forex automation tool that allows users to save time while setting up their trades and potentially trade more consistently and in a more professional fashion. The tool offers a range of helpful features including trade copiers and news trading. The company has well over five million customers and as of 2022 had executed over 240 million trades.
Best Forex Affiliate Programs To Promote In 2023
Affiliates just need to share their referral code when they recommend a specific broker. Anyone who runs a trading website can embed their referral code in an affiliate link, making it even easier to capture referrals. Commissions also vary based on what country the referee is from and whether their first trade is for forex, crypto, or stocks. Option one is a CPA program that pays a commission of up to $600 for every trader an affiliate brings to XTB.