Forex, or foreign exchange, trading is a booming industry. Driven by a rise in people interested in investing and trading, the sector has seen exponential growth alongside other alternative investment options like cryptocurrency.
Affiliate marketers have identified this industry as a potentially lucrative opportunity, with many taking steps to join some of the many affiliate programs available and take advantage of this burgeoning sector. Let’s take a closer look at what Forex trading is and at some of the best programs available for affiliate marketers.
What is Forex trading?
Forex trading is the name given to the process of selling one type of currency while purchasing another. To make a profit, traders must make accurate predictions about market behavior and currency movements, preempting these changes to profit from the buying and selling of various currencies.
Forex traders conduct their business via brokers, which are financial companies that act as a marketplace for traders to purchase, sell, and trade a range of currencies. Many of these brokers will charge users transaction fees for using the platform.
There is a vast number of different Forex brokers out there, with many implementing affiliate programs to get an edge in what is an increasingly competitive market. Let’s take a look at some of the best of these programs and discuss what each can offer affiliate marketers.
Founded in 2008, Exness is an established Forex broker with over 300,000 global users. Its affiliate program is one of the most extensive currently available in the industry, with a range of tools and systems in place to support its affiliates.
Client referrals who deposit up to $1770 on the platform will earn affiliates a commission of $25, while commission per action can reach as high as 40% depending on trading volume related to affiliate referrals.
Exness offers affiliates regular and straightforward payouts, with individualized account management and round the clock support. Additionally, Exness provides a range of marketing materials to boost its affiliates’ strategies, including logos, widgets, banners, and other marketing materials.
Admiral Markets is one of the best-known Forex brokers, the company has been around for nearly two decades. What’s more, Admiral Market charges no commission fees for traders, making it an attractive choice for newcomers to Forex trading.
Affiliates who successfully drive traffic to Admiral Markets can expect to see commission fees of between 30% and 40%, with payouts of up to $600 per referral. Affiliates are paid weekly and have 24/7 access to a dedicated affiliate portal with a range of marketing materials available.
Founded in 2007, eToro brands itself as a social trading platform and boasts 25 million users worldwide. Affiliates join eToro’s partners program which comes in three distinct tiers. Each of these tiers comes with varying benefits and offers a range of commission per action rates. Tier 3 offers $100, tier 2 $200, while tier 3 offers affiliates $250.
Additionally, eToro offers all affiliates training and educational resources to help them optimize their affiliate strategy and maximize results.
US-based Ticker Tocker is another social trading platform, with a focus on educational services and advanced automated trading features. It is a subscription based model with a complicated trading system, but its educational resources make it an attractive option for beginners.
Ticker Tocker offers affiliates a 30% commission rate through its program, with an average payout of $24.
AvaTrade is an award-winning broker that is regulated in a range of worldwide jurisdictions. AvaTrade affiliates will be paired with a dedicated affiliate manager who will oversee and support their campaign and will have access to reports and analytics allowing them to evaluate the success of their strategy.
Affiliates can choose from a range of commission structures to suit their particular strategy, with commission per action rates of up to $1000 and 50% revenue share from referral trading. What’s more, affiliates have the opportunity to expand their business and promote some of AvaTrade’s other services, including cryptocurrencies, stocks, and bonds, to increase their profits.
For newcomers to the affiliate marketing world, Forex trading affiliates programs might appear too technical, specialized, and niche to be suitable for beginners. However, many Forex programs are more straightforward than you might expect, with some offering full training to support and guide new affiliates.
While it is a smaller industry than beauty or fitness products, for example, choosing to join a Forex affiliate program can offer a range of benefits and give you access to a growing, focused demographic.
If you’re looking for more content and marketing insights, be sure to take a look at our blog, or for a more personalized approach, book a free call with a member of our team.
If you want even more, check out our Elevate Summit where you can access over 14 hours of talks, panels, and workshops from industry experts.