What is Forex Affiliate? In recent years, we have been hearing a forex term while walking down the street. So what makes this system so popular? The coronavirus outbreak has sparked a global recession, even as some countries fell into a depression. Many industries struggled, and some even collapsed. However, one industry that has outperformed others has been forex trading.
In the early stages of the outbreak 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 in forex or equities in the first half of 2020. Recent estimates say that 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 in the world, are increasing their population in Turkey as well. If you can provide your infrastructure, if you make an agreement with a good forex company, it is possible to make serious profits.
An FX company can be difficult to introduce new clients, but the work pays off. You need your partner broker to make your job easier and ensure you get the most out of your efforts. Let's take a look at some key areas to help you choose the best forex affiliate program.
Enhanced Customer Conversion
Choose to partner with a regulated broker who can empower you to deliver satisfying trading experiences to clients. This includes starting with an optimised first-onboarding experience. Often, the account opening and financing process are not easy or streamlined, resulting in the loss of potential customers. Here are some ways your affiliate broker can enrich the recruiting experience:
Powerful Client Portal: To simplify the account opening, document verification and financing process in one place.
Deposits and Withdrawals in Fiat and Cryptos: 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: Diverse, multi-asset trading options and unique trading opportunities, including cryptos and synthetic pairs, are available through the most popular platforms like MT5.
Lifetime Value: A broker should have procedures that aid client conversion and extend its lifecycle. (important for partners who receive lifetime commissions). Creating frequent campaigns and giving initiative to the customer.
Exceptional Marketing Tools
To be successful, you need to bring, trade, or retain large numbers of clients to your broker's site. This is a marketing issue; one that needs the support of your partner broker. Here are some ways your broker partner can help you:
Display 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, market analysis reports, industry articles that can build thought leadership or build trust. This can also boost your SEO efforts.
Social Media Posts: Unique posts designed specifically for us to communicate with customers on social media platforms. This will help build a solid 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, wherever you want.
30-Day Cookie Life: Potential customers visit your registration page. So if they don't sign up right away, you still have a fair chance of earning the commission. Your broker must still allocate the client under your affiliate account if they sign up within the next 30 days.
Personalised Promotions: You know your customers best, so customised marketing materials are essential. Personalised banners, support to run your own seminars or events, and unique bonus promotions help you attract and offer more value to your customers.
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 active qualified investors. Recognised programs that offer a tier-based commission system can increase your competitiveness.
Lifetime Commissions: Bring traders directly to your broker's platform to earn lifetime commissions. This means that you can earn commissions over the course of your clients trading life with the broker.
Sub-Partnership Hierarchy Levels: Hire sub-affiliates or take some of their commissions.
Personalised Commission Plans: Each partner's style and earning capacities are different. Make sure your broker offers you the opportunity to access personalised commission plans, various