Want to become an Forex IB and get super high passive income?
Forex Introducing Broker (IB) or Forex Affiliate is a partnership program offered by almost all Forex brokers, which allow individuals or businesses to get earnings by referring traders to brokers. Partners (you) will start receiving commissions when referred clients open an account and start trading. Becoming an Introducing Broker is simple and straightforward. Learn all about Forex partnership programs right now, right here.
Here you can find the comparison list shows the commissions and conditions.
Want to become an Forex IB and get super high passive income?
Forex Introducing Broker (IB) or Forex Affiliate is a partnership program offered by almost all Forex brokers, which allow individuals or businesses to get earnings by referring traders to brokers. Partners (you) will start receiving commissions when referred clients open an account and start trading. Becoming an Introducing Broker is simple and straightforward. Learn all about Forex partnership programs right now, right here.
Here you can find the comparison list shows the commissions and conditions.
Forex IB commissions differentiate according to your preferred model. We will give an example on most common model which is revenue share.
Let’s assume that you earn 10$ commission (this is average) from 1 lot transaction which is made by an trader who you referred to your contracted FX Broker.
Let’s think about 5 traders opened standard accounts and funded.
Referred Clients | Deposit | Trading Volume |
---|---|---|
First client | 1000 | 15 lot |
Second client | 1500 | 10 lot |
Third client | 3000 | 25 lot |
Fourth client | 800 | 15 lot |
Fifth client | 5000 | 40 lot |
🔴 number of lots (15 + 5 + 35 + 20) * commission per lot 10 USD = 900$ 💰 🔴 Let’s now assume, the average trading volume of each five clients is as low as 2 lots per day: 🔴 22 (Trading days in a month) * 10 (5 clients * 2 lots per day) * commission per lot 10 USD = 2200$ 💰 |
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Number of clients | Average trading volume per day |
Forex IB Commission (in a month) |
---|---|---|
3 | 2 lot | $1,320 |
10 | 1.5 lot | $3,300 💰 |
20 | 1 lot | $4,400 💰💰 |
40 | 0.5 lot | $7,040 💰💰💰 |
100 | 0.8 lot | $17,600 💰💰💰💰 |
🔴 Trading volume (lot) of a trader varies depending on Trader personality, Deposit amount and Trading strategy 🔴 Day traders (Intra-day traders) trade an average number of 5 trades per week. 🔴 Long term trades trade an average amount 10 trades in a month |
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You can see from above examples how high commissions IBs can earn.
If you work on your marketing practices and reach out to high volume traders, you can make VIP Partnership agreements with Forex Brokers, hence you can get higher commissions, special benefits and valuable presents.
First of all you should choose companies (FxPro, XM, HotForex, etc) that you will promote and then you need to make IB agreements.
Meanwhile companies will ask you about how you will reach to your clients. Options to your answer can be website, social media, seminar/webinar, face to face communication and such online and offline channels.
You will complete the most important step when traders register by using the link provided by the Forex Broker to you (so that it’s possible to proove traders registered by you).
In your affiliation panel, you can track your commissions automatically added after each of your clients trade. When you reach to withdrawal limit you can transfer your earnings to your bank accounts or Bitcoin, Webmoney, FasaPay digital wallets.
Traders would like to see positive and negative comments before deciding which forex broker they will choose. Hence you can focus on reviews and comparisons.
You can shoot videos and write articles to introduce the forex broker and publish on your website, YouTube channel or social media accounts. Also CPC and email marketing channels are allowed.
In addition, you can create groups on WhatsApp or Telegram, and arrange webinars or forex training videos. If you have solid finance knowledge, then you can share “forex signals” on each platforms.
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Forex Brokers offer different options to IBs differ from company to company.
In CPA model, firstly accounts should be opened and then some conditions which differs from firm to firm should be met. Then you receive a one-time payment (up to $800) from each client.
Revenue Share or Spread Share model is commission-based model where affiliates (IBs) earn a certain amount based on their clients’ trading volumes (no matter if there is profit or loss in the end). It’s the most prefered model because it’s lifetime!
Hybrid is low commissioned model which integrates CPA and RS commission models.
According to our experience the most profitable return can be made from RS model. While it’s hard to fulfill prerequisites of CPA and Hybrid models, there is no prerequisite for RS model and this makes this model most preferred and continual.
As an IB, you should find the best brokers for your clients, NOT only the most paid brokers. Well-known companies have the highest CTR (click through rate) and it’s going to be easy when you promote them.
The worldwide 2021 forex market is worth $2,409,000,000 ($2.409 quadrillion). $6.6 trillion on average every day is traded on foreign exchange markets. This is significantly higher than the previous analysis done by the Bank for International Settlements (BIS) in 2016 when it was valued at $1.934 quadrillion dollars.
Everyday new traders register while in total of millions of investors trades actively. According to our analysis IB population is quite low. You can get prepared and start to lead new investors!
💰 Revenue: | Unlimited & Life Time |
💰 Partnership Types: | CPA & RS |
💰 Any cost? | Free of charge |
💰 When can I start? | Right NOW |
According to our experience, IBs focus on some details when they are deciding which brokers to choose and promote.
Forex Affiliate marketing is similar to the other affiliate marketing methods. Works with an affiliate link and also your id number, which could be typed when a user registering.
It’s a competitive market, but millions of potential clients are still looking for reliable brokerage firms.
You know what affiliate is. If you have a website or any other channel to promote a product or service, you just put your links and wait to get some conversions.
Introducer Broker is basically one more step higher than affiliate. Becoming IB means adding more value to the clients and your partner brokerage firm. It represents a long-term relationship — also, better commission rates.
If you are an affiliate, the agreement will be mostly based on only CPA model.
CPA is known as Cost-Per-Acquisition or Cost-Per-Action. In forex, CPA deals are quite high. The average CPA payout is around $500.
But the conditions are a little bit hard. First, a client should register through your link, fund his/her account, start trading and finally you get the CPA offer.
This is the only and max payout you can get from a single client. But in the Revenue Share model, the payouts are lifetime (unlimited).
As we said, the average CPA offers are around $500. But when the conditions get complicated and tough, you may get better CPA offers from brokers. What that’s mean?
When a client registers with your link and funds the account for $1,000 you can get a $500 commission. But if you want a higher CPA offer, your client has to achieve more goals like funding $3000 and trading at least 10 lots.
Every brokerage firm has its own web dashboard. Some of them share quite transparent data, but some don’t.
Generally, you will see how many clients clicked your link, how many of them funded and what commission you earned.
In general, payments are made on a weekly basis and the withdrawal limit is around $50-100.
It’s totally free to apply to an affiliate program. But the affiliate manager will ask how you will refer clients to the brokerage firm.
So basically, you have to have a website, social media account, instant messaging group or direct relationships with the investors.
After making your plan, you are free to use any platform. Websites, blogs, forums, social media platforms, e-mail marketing, PPC (except brand keywords) or any other method.
They are all allowed and the shortest cookie duration is 1 month.
If you share valuable content and trading signals, you can make a good amount of money.
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