Global  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 trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. 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 trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Read this Term and CFD broker Moneta Markets have made plenty of headlines in the FinTech space as one of the up and comers to look out for.

Now, they’re ready to ramp up their expansion by targeting the industry’s best talent and they’re prepared to pay big dollars, including a $10K referral fee to anyone who can refer top talent!

We spoke with Moneta Markets’ founder, David Bily, to find out more.

Moneta Markets was launched in 2020, what was the catalyst for the sudden recruitment drive?

Since the launch of Moneta Markets, we’ve worked non-stop to build the brand, and tailor our offering based on the feedback of our clients and partners. It’s had its challenges, but we’re at a point where we’ve built the ultimate FX brokerage, and are now ready to start aggressively scaling the business.

So, now that we have the best product in the industry, we want the best Sales Managers, Business Development Managers, and Country Managers with their teams in the industry.

A gun forex BDM shouldn’t have any trouble earning 7 figures with what we’ve built at Moneta.

Why should Sales & BDMs at other brokers switch to Moneta Markets?

First and foremost, I started my career in forex sales and account management, so I know the challenges and limitations.

All other big brokers limit the potential for what can be earned by their sales and BD teams by capping commissions, regardless of how much money they bring in. And, to put it bluntly, it’s damn unfair.

I’m of the firm belief that hard work should be compensated accordingly. All our Sales and BDMs are rewarded with uncapped commissions of 2.5% on net monthly deposits, on top of their base salary.

Now, if you’re in a similar role with another broker do the math on that - if you can bring in $4,000,000 net, that’s $100k a month in commissions, plus base. That gets you 7 figures a year, simple!

So, to all the BDMs and Account Managers in the forex industry, compare that with what you’re earning with your current broker? And, remember it’s completely uncapped, so if you’re good at what you do, there’s no reason why you can’t earn 7 figures a year.

And, if anyone out there working for a competitor broker works with, or knows someone who would be a good fit for the role with a proven track record, I’ll pay you $10k for the referral.

What sets Moneta Markets apart from other brokers?

Besides uncapped commissions, which is pretty much unheard of in our industry, we’ve built Moneta into the ultimate forex broker for BDMs to promote and sell.

Come and have a look for yourself, from branding to what’s running things under the bonnet, we have everything in place to attract and retain the business you bring!

We’ve partnered with the best to deliver the ultimate trading and tech infrastructure in the industry for clients and our partners. Everything is integrated seamlessly, from onboarding, to funding, to trading, to account management.

And, we make everything quick and seamless for our Affiliate and IB partners.

Anyone worth their salt should have no trouble bringing in new business, or getting clients, IBs and  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 The broker pays only for the clients which end up opening an account. The affiliate marketer doesn’t get any compensation unless the lead ends up depositing. After the acquisition the broker kicks back a predetermined amount to the affiliate. The figure can be fixed or a percentage of a customer’s deposit.This is where CPC or Cost per Clicks come into play. This option is used to drive traffic to the broker’s website. The affiliate is getting paid regardless of whether the client ends up opening an account. Nowadays, this option is rarely used howeverIn the FX space, it is certainly possible to be successful affiliate marketer. However, you need to utilize websites with requisite levels of traffic. For many brokers, affiliate marketing is not their primary source of revenue as the results can be unpredictable and sporadic. 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 The broker pays only for the clients which end up opening an account. The affiliate marketer doesn’t get any compensation unless the lead ends up depositing. After the acquisition the broker kicks back a predetermined amount to the affiliate. The figure can be fixed or a percentage of a customer’s deposit.This is where CPC or Cost per Clicks come into play. This option is used to drive traffic to the broker’s website. The affiliate is getting paid regardless of whether the client ends up opening an account. Nowadays, this option is rarely used howeverIn the FX space, it is certainly possible to be successful affiliate marketer. However, you need to utilize websites with requisite levels of traffic. For many brokers, affiliate marketing is not their primary source of revenue as the results can be unpredictable and sporadic. Read this Term to ditch their current broker and come join Moneta. We pay our partners the industry’s highest rebates and CPA, and we reward our team the same way.

How can Account Managers and BDMs get in touch?

If you’re in forex sales and feel like you’re not being adequately rewarded for the business you’re bringing in, or you feel like you’ve hit the ceiling at your current broker, reach out to me personally, and we can chat about things with complete confidentiality.

Quite simply, if you’re an FX sales hotshot, I want you to come earn more with me!

Hit me up on LinkedIn or email me directly at david.bily@monetamarkets.com