Hello all, I’ll be adding new sections – hopefully every week – under the Brokers Content tab. This new content will feature information such as explanation about Forex Affiliate Programs, Regulation, Software and everything Brokers, or those interested in learning about brokers need to know.
Right now I added a new page talking about Forex Affiliate Programs as many people have been asking me for such an explanation and examples.
What’s Forex Affiliation:
FXTM Appoints Marcelo Spina as Global Head of PartnershipsGo to article >>
Affiliation is a type of a marketing program where a person refers other people to a certain business in return for some kind of a reward (typically financial). This is usually done through recommendations, banners, links or any other type of marketing collateral. In Forex, affiliates refer potential traders to online Forex brokers. The referral works when a potential trader clicks a link or a banner provided by an affiliate and later on registers to trade with the broker. That trader is ear marked as a client of that Forex affiliate through whose referral link he arrived.
Affiliate is an Internet type of an Introducing Broker (IB). It’s being an IB but without typically having an office or sales staff. Internet Forex Affiliates refer their clients through websites. Becoming an affiliate is much simpler and typically Forex Affiliates are private individuals with internet properties and large traffic as opposed to IBs who are mostly organized as companies and are more institutionalized. Becoming an affiliate for a certain broker or several is very easy and can take less than 5 minutes.
If you wish to read more go to the section itself.