Forex trading is not a walk in the park but there’s still a way to earn money in this market without having any trading-specific skills. I’m talking about earning through affiliate programs. There are many forex brokers who offer an Introducing Broker (IB) program.
Process of joining an affiliate program:
Things to remember before referring brokers to other traders:
The affiliate programs are not enough to be a primary source of income but they are a very good source to supplement your income. All these brokers offer good customer support, creative tools and ideas to help you become a successful affiliate manager.
Process of joining an affiliate program:
- Register on the chosen broker’s website and fill a form to join the affiliate program.
- You’ll receive a referral link which you can share with other traders through your own site, forums, blogs, video and audio hosting or other social media networks.
- For every trader who joins through your link, you’ll earn commissions. It is as simple as that.
- The process of joining is pretty simple and straightforward.
- It doesn’t require any prior investment.
- You don’t need to have special skills and don’t have to trade forex.
- You can work with several brokers at the same time to bankroll profits in your account.
- You can utilize the earnings as a capital to deposit in your trading account. If you are already a successful trader, you can still have an additional flow to your income.
Things to remember before referring brokers to other traders:
- The broker you are referring to others must be genuine and trustworthy.
- You should be active on social media platforms and have a good image for people to be able to trust you.
- Every broker has different terms and conditions, it’s better to read them carefully.
- Coinexx: By signing in for the affiliate program by Coinexx, you can earn life long commissions for each trade executed by your referred trader. They offer 50% commissions generated by your client’s trading. With their IB portal, you can enjoy ultimate transparency and can easily manage your account.
- LiteForex: LiteForex also offers commissions to their partners for every trade made by their referral clients. If you share the referral link directly with a client then you earn $15 on each trade and if someone uses your affiliate link to attract new traders, you’ll be given 10% of their profit.
- Tickmill: For every new client referred by you who becomes their active user, you can earn $10 per lot if they open a classic account and $2 on pro and VIP accounts.
- SageFx: By introducing new traders to SageFx, you can earn $2.50 per lot and if you have a really huge social network and you are able to generate 1000 affiliated lot trades per month, you can have a raise in your commission and will start earning upto $3.50 per month.
- EagleFx: EagleFx offers a multi-tier affiliate scheme where a master affiliate(link owner) earns $4 per traded lot.
The affiliate programs are not enough to be a primary source of income but they are a very good source to supplement your income. All these brokers offer good customer support, creative tools and ideas to help you become a successful affiliate manager.