How to Choose the Best Affiliate Program
June 20, 2019
trading evolved as one of the major industries that attract numerous market players. Despite many people joining the
online trading industry, there is still room for more.
Internet penetrates still new places every single day, and millions and
millions of people discover its usefulness. Inevitably, they’ll hear of Forex online trading and
what it means to become a trader.
is no wonder that the competition among brokerage houses is stiff. Nowadays,
they all have an affiliate
program and struggle to attract as many affiliates as possible.
What is an Affiliate?
affiliate for Forex trading is a person
or a company that introduces the brokerage houses’ services to other people
interested in trading. In exchange, the Forex broker rewards the
affiliate with an incentive (typically a commission based on the volume traded
by the introduced client).
How to Choose a Forex Affiliate Program?
brokerage houses compete in attracting the best affiliates to gain as many clients as possible.
Therefore, it is important for an affiliate to know what to look for in an
affiliate program, and how to choose the best affiliate program to generate the
most income. Here are some things to consider:
- The way the income is generated is the most important part. Some brokers use an introducing broker program that pays a commission on the traded
volume, but other variations exist, like being paid a flat rate for every
client that open a trading account or even a hybrid option between a flat rate
and a volume-based commission
- Affiliate marketing tools
- The brokerage houses compete in offering
the best affiliate marketing for their network. They’ll put at affiliates’ disposal a
range of marketing materials such as banners of all types and sizes (dynamic,
static), landing pages that quickly convert, email marketing tools, and so on. Obviously, the brokerage house that offers the complete suite of tools is preferred.
- Withdrawing the generated revenue used to
be an issue as many times the brokerage houses offered affiliates a hard time.
But competition changed everything, and serious
houses cannot afford to delay payment or
refuse it. Nowadays the broker offers many withdrawal options, with all the
online payment gateways available.
Forex affiliate marketing
business attracted and still attracts many to the industry. The idea of having
a constant income based on other people’s trading volume appeals to many.
the industry is flooded with scammers. Unfortunately, the scamming takes place
on the affiliate side, not on the broker’s side.
To benefit the most from an affiliate promotion,
people are tempted to use all kind of strategies to get the bonus offered by
the broker. For this reason, the costs with fighting scamming at the brokerage
house end increased dramatically, at the industry’s detriment.
best affiliate program is a combination between the right revenue system and
the proper marketing tools. Finding them both is a challenge as the industry
faces tough competition. However, many
affiliates grew a tremendous business out of it, and with the growing number of traders joining the online trading
environment, the potential will increase exponentially.