Forex affiliate programs are a marketing scheme in which a person is rewarded for collecting referrals for a company using marketing resources such as links, banners, etc. This is called affiliation. In Forex trading, affiliates act as IBs (online introducing brokers) who refer potential traders to the Forex brokers they serve. To become an affiliate, you need to go through a simple registration procedure.
Referral link - usually an affiliate link is a code that repeats the domain of the Forex broker.
Forex affiliate programs are compensated by the following four methods:
A "hybrid" of the four above methods can also be used as a remuneration method, e.g. CPA and CPL together. A "second tier" program may also be used, where an affiliate brings other affiliates to the broker. Partnerships are paid at a fixed price per partner or depending on the income of the referred partner.
Before becoming an affiliate of a broker, you need to get an idea of the broker. An internet search is the best source to confirm the reputation of the broker. Make sure you won't be scammed and get paid for your hard work.
To get to know your broker better, start with:
After checking the above three basic parameters, you should ask a friend to use your referral link to sign up and make sure your affiliate account is up-to-date.
Brokers such as AvaForex, Easy Forex, eToro, Forex Yard, Trade View, etc. offer affiliate marketing programs. It should be noted that none of these brokers are based in the UK, Switzerland or the USA. The reason for this could be that these brokers use traditional offline marketing methods or are highly regulated, and their affiliates have to follow certain standard rules, so they are not open to the general public.