Whether it is possible to make money on Forex without investments has always interested those who are looking for passive income. This opportunity is provided by the forex trading affiliate program. In this article, we will consider how affiliate programs work and what are the conditions for making money on it.
What is an Affiliate Program?
Broker affiliate programs are part of their marketing strategy. They are interested in new customers and are willing to pay those who bring them. To participate in affiliate programs, you need to register on the site and get your personal referral link. When recommending a broker, you need to give the potential client this link to register.
In a special partner account, you will see how many users came from you and how much profit they brought to the company. As a reward, the broker will deduct part of the profit from referrals, which means constant passive income.
The broker charges a commission from the client for each transaction – this is his profit. Part of it he deducts to a partner.
Benefits of the Affiliate Program
To start earning, you do not need to own start-up capital. It is enough to pass the appropriate registration on the site and receive deductions, having only one referral client. Moreover, the program has several levels and depends on the number of lots sold by your client. At the same time, the commission, depending on the types of accounts, can be up to $80 per lot.
This type of activity does not require total dedication. They can be engaged in parallel with the main work or personal trading.
Support and Assistance to Partners: How does it Work?
The main question of everyone who thought about making money on an affiliate program is: where to look for referrals and how to attract them? We note right away that the broker fully supports partners. To do this, companies have a separate area where around the clock, 7 days a week, you can get help on demand.
Companies can provide a manager who will help in solving operational issues. In addition, training is provided for new participants in the program, there are special training. And the personal account has a convenient and visual functionality, where all customers and accruals for them are visible.
The affiliate program can also be suitable for blogger traders who have their own audience. Also, trading signal providers can recommend a certain platform to their clients, offering not only deals at the best time but also a reliable broker. Authors of training programs with its help can:
- tell what, for example, options trading on Forex is;
- give your clients the opportunity to trade on a particular platform;
- and increase your personal capital.
As you can see, in order to make money, you do not need specific trading knowledge, it is enough to create a pool of traders around you and use them to earn profit.
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