But if that referee places one trade per day for 5 years, that could add up to nearly $2,000 per referred trader. FXPro is a popular forex broker that offers both revenue share and CPA affiliate programs. XTB is another top forex broker with a very attractive affiliate marketing program. What’s interesting about this affiliate program is that traders can choose how they want to get paid out.
Anyone who recommends a specific broker to another trader should consider signing up for an affiliate program and sharing their referral code. In this guide, we’ll take a closer look at how forex affiliate programs work and review the 10 best forex affiliate programs for 2023. Moneta Markets is a broker based out of the Cayman Islands with a solid reputation for reliability, low trading fees, and good service. The company offers traders access to the Forex market along with indices, commodities, and CFDs. The Questrade affiliate program offers users a flat referral rate which differs from many of the other programs. Overall, this is one of the lower commission rates in the Forex industry.
What To Look For In The Best Forex Affiliate Programs
It’s a profitable and competitive industry, and a great example of why finance is one of the most profitable affiliate niches. Our affiliate marketing statistics show the average marketer in this space earns more than $9,000 per month. You need to know immediately how many clients signed up using your links – knowing this at the end of the month is pretty useless. You also need to be provided with the details of your successful referrals when your broker pays you – without these details, you can’t be sure you’re being paid the right amount. If you aren’t promoting Forex affiliate programs yet, it’s not too late for you to carve out your own piece of this lucrative pie. FXTM is a global leader in online trading offering excellent trading conditions, advanced education, and some of the best trading tools in the forex industry.
Exinity Limited is a member of Financial Commission, an international organization engaged in a resolution of disputes within the financial services industry in the Forex market. FXPro’s CPA program is also attractive, offering up to $1,100 per trader who signs up for the broker. Exness offers 24/5 support for affiliates by live chat and email, but doesn’t offer phone support. With Forex Mentor you’re not just getting coaching by some random dudes, but a team of Forex pros. That means the information and guidance you get is based on decades of cumulative experience in this industry.
IronFX – $1,000 CPA Referral Bonus Plus up to $15 Per Lot
Another way of increasing your chance of becoming a successful affiliate marketer is by learning how to make money online. Many forex brokers provide support for affiliates to help them improve their marketing techniques and refer more traders. This type of support can be very valuable, especially for individuals who are new to affiliate marketing. Another unique benefit of Vantage’s affiliate program is that affiliates receive access to the Cellxpert software package.
This is then backed up by a liquidity guarantee from leading (tier 1) banks around the world, and it’s also regulated by the Cyprus Securities Exchange (CySec). That’s why Companies like Admiral Markets are more than happy to reward their affiliates handsomely for sending them good leads. Users can trade across 3,000 of the most popular stocks, along with Forex and cryptos.
XTB – Choose Between a CPA Program Paying up to $600 Per Trader or a Revenue Share Offering 20% of All Trading Fees
See our round-up of current forex affiliate programmes, ready for you to dive in, research and possibly join in. Combine your marketing prowess with the world’s largest financial market – and you’ll have the most dynamic marketing combo around. If you’re looking for the next big thing in marketing, you can’t look much further than foreign exchange (or forex) affiliate marketing. Forex affiliate programs will continue to thrive as the Forex market share expands into 2026 and beyond. They have a one of the finest Forex affiliate programs in the industry paying up to $600 CPA.
- Eightcap offers trading on more than 800 instruments, including CFDs for forex, indices, stocks, and crypto.
- The good news is that since eToro is so popular, it’s relatively easy to convert traders to this broker.
- If you are able to refer a lot of people, then you can make a lot of money.
- This is because when you become an affiliate, you are essentially sending traffic to a broker or merchant’s website.
- In this guide, we’ll take a closer look at how forex affiliate programs work and review the 10 best forex affiliate programs for 2023.
Secondly, you’ll want to think about payment and withdrawal methods – both from your perspective and your clients. If there are a lot of payment methods offered for clients, that makes it easy for them to deposit money – and the more money they deposit, the more conversions for you. From your perspective, make sure it’s straightforward to withdraw your commission, electronic bank transfers for instance. You’ll want to avoid being paid by cheque, which takes a long time to clear. Your broker may say they don’t charge fees, but you may find that their bank charges them fees for transfers, which they’ll nicely pass onto you. Ok, you now understand what forex affiliate marketing is, how it works and importantly, how you’ll make money.
How Does Forex Affiliate Marketing Work?
Now it’s time to focus on things to consider before becoming a forex affiliate. Founded in 2007, eToro brands itself as a social trading platform and boasts 25 million users worldwide. Affiliates join eToro’s partners program which comes in three distinct tiers.
Exness is also unique in offering commissions for every new lead that affiliates generate for the broker. Leads don’t need to make a deposit to Exness, only register for the platform using their email and phone number. One thing to keep in mind is that affiliate marketing by forex brokers forex affiliate traffic isn’t allowed in every country. In the US, the SEC has strict rules around affiliate marketing programs. Importantly, there’s almost never a cost to sign up with an affiliate program. Traders who sign up to a broker using a referral link also don’t pay anything extra in fees.
Affiliates can earn between $100 and $250 depending on factors like what country the referral resides in. Exness is a Forex trading platform headquareted on the island of Cyprus. The platform has been around since 2008 and offers trading for Forex, metals, crypto, and more. It should be noted that the reviews of Exness are mixed with some personal reviews quite high but low scores on Trust Pilot. For new traders, education can be one of the most powerful tools to help avoid losing tons of money while learning the ropes.
CPA affiliate programs offer large lump-sum payments upfront for every trader an affiliate signs up. XM is another popular forex broker with a very lucrative affiliate program. The broker pays out up to $10 for every lot that an affiliate’s referees trade. In part because of eToro’s size, its affiliate program is slightly less generous than that of other brokers. Most affiliates earn a revenue share of 25% on forex, crypto, and commodity CFD trades.
Benefitting your business
Affiliates earn these passive commissions for as long as a referee remains an Eightcap client. Along with Forex, AdroFx offers investors access to stock, crypto, and indices CFDs. Some of the benefits of the platform include educational videos and eBooks for beginner and intermediate traders, a Forex calculator, trading signals, and more. The HotForex affiliate program offers up to $15 per lot plus an added benefit of 25% on sub-affiliates.