What Is A Forex Affiliate? In recent years we have been hearing a forex term as we walk down the street. So what makes this system so popular? The Coronavirus outbreak led to a global recession, even as some countries entered a depression. Many industries have struggled, some even collapsed. However, one sector that has performed better than others has been forex trading.
In the early stages of the epidemic in 2020, financial institutions such as DBS Bank, Standard Chartered Bank and OCBC Securities reported record levels of forex trading. In fact, Standard Chartered Bank, Singapore, reported a 200% increase in trading volumes on forex or equities in the first half of 2020. Recent estimates say the global forex market is expected to grow from $ 6.6 trillion in 2020 to $ 10.2 trillion in 2024.
This trend in trading is likely to continue, with more and more forex members entering the arena. Entrepreneurial individuals who want to make the most of the economic environment want to partner with reliable brokers.
FX transactions, which are preferred by many investors around the world, are increasing the population in the UK. If you can provide your infrastructure, if you get a deal with a good forex firm, you can make serious gains.
It can be difficult for an FX company to introduce new customers, but the work pays off. You need your partner broker to make your business easier and make the most of your efforts. Let’s take a look at some important areas that will help you choose the best forex affiliate program.
Advanced Customer Transformation
Choose to partner with a regulated broker that can empower you to provide customers with satisfactory trading experiences. This includes starting with an optimized initial engagement experience. Often, the process of opening accounts and financing is not easy or streamlined, leading to the loss of potential customers. Here are some ways your partner broker can enrich the hiring experience:
Powerful customer portal: to simplify the process of account opening, document verification, and financing in one place.
Fiat and crypto deposits and withdrawals: flexible funding options make a big difference, especially if your target market is very interested in crypto transactions. Emerging markets such as Africa and South East Asia, for example, are rapidly becoming new frontiers for crypto transactions.
Low spreads: 1: 500 leverage, bonuses, $ 0 commission fee
Wide range of trading tools: a variety of multi-asset trading options and unique trading opportunities, including cryptos and synthetic pairs, offered through the most popular platforms such as MT5.
Lifetime value; a broker must have procedures that assist the customer’s transformation and extend the life cycle. (important for partners who receive a lifetime commission). Creating frequent campaigns and giving initiative to the customer.
Outstanding Marketing Tools
To be successful, you need to bring a large number of clients to your broker’s site, trade them, or keep them in your hands. This is a marketing issue; one that needs the support of your partner broker. Here are some ways your Broker partner can help you:
Screen banners: in html or video format. Use them for specific promotions or to make your website more attractive and informative.
Education: access to insightful blog posts, webinars, Sunday analysis reports, industry-related articles that can establish thought leadership or build trust. This can also increase your SEO efforts.
Social media posts: unique posts specifically designed for us to communicate with customers on social media platforms. This will help build a robust online presence.
Dynamic forms: conversion potential can be developed through dynamic forms that carry your affiliate referral link. You can place these forms on any web page, anywhere.
30-day Cookie life: potential customers visit your registration page. So if they don’t sign up immediately, you still have a fair chance of winning the commission. If your broker signs up within the next 30 days, they must still allocate the customer under your affiliate account.
Personalized promotions; you know your customers best, so customized marketing materials are very important. Personalized banners, support to run your own seminars or events, and unique bonus promotions help you attract your customers and offer them more value.
Multi-Tier Partnership Structure
Choose to partner with a broker that offers opportunities to increase your earning potential through a dynamic partnership structure based on actively qualified investors. Recognized programs that offer a stage-based commission system can increase your competitiveness.
Lifetime commissions; bring investors directly to your vehicle’s platform to earn lifetime commissions. This means that your customers can earn commissions throughout their trading lives with the broker.
Sub-affiliate hierarchy levels; hire sub-affiliates or receive a portion of their commission.
Personalized Commission plans; each partner’s style and earning capacities are different. Make sure your broker gives you access to personalized Commission plans, various payment methods, the option to be paid in crypto or fiat currencies.
Reliable Forex Affiliate
Partner with a broker who invests in your future success or allows you to benefit from their vast experience. You can already create your infrastructure by choosing 4 different forex companies that we can refer to.