Forex Affiliate Marketing Network FXPN Shuts Down

FX Partners Network, or FXPN, has announced today in a notification update sent to its Affiliates Affiliates Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Read this Term that the company will be terminating its operations in the coming days.

FXPN is a retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and IB affiliate network, which Leverate developed in 2012 to interface between some of its Forex brokers' brands and affiliate marketers.

The FXPN platform is based on an online marketing solution from DirectTrack Affiliate Software Technologies. Leverate's development team customized and built on DirectTrack's platform for FXPN brokers and partners' reporting, but DirectTrack very recently announced they will cease all operations in March 2014.

The update from FXPN states that in light of DirectTrack and after many meetings and discussions of the board, Leverate has decided not to restart the development of FXPN, so the firm will be able to focus their efforts on expanding their technology for forex and binary options brokers.

However, it was announced on December 11, 2013, that DirectTrack's business was acquired by CAKE, a Software-as-a-Service (SaaS) platform provider offering business intelligence for marketers. CAKE is now offering a turnkey solution for DirectTrack's clients who want to replace their existing systems.

Speaking with Forex Magnates on the subject, Remy Rosenbaum the Head of Marketing for Leverate said: "As DirectTrack Affiliate Software Technologies will be ceasing operation in the near future, Leverate has decided to first and foremost protect FXPN's partners and as such connect them directly with the brokers."

FXPN requested in the notification that partners remove all its links and banners immediately, and informed them that from January 15th the FXPN back office login area will no longer be accessible. Participating brokers are still due to pay for any leads or commissions generated until January 15th.

Affiliate markets can now choose to work directly with any broker brand that they have been working with on FXPN previously to continue their campaigns. Those brands are: ForexBrokerINC, CaesarTrade, GCMForex, GCMAsia, Fxlider, NetoTrade, Astonforex, ForexTradition and Whichway.