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The following article was published in our article directory on June 28, 2013.
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Forex Affiliate Programs: Referring Your Platform of Choice

Article Category: Finances

Author Name: James Smith

Forex affiliate programs are just one of the ways on how foreign exchange traders can gain bonuses or added incentives. Of course, since there is virtually no capital required to be an affiliate, the returns are also relatively small. But these small bonuses can still come a long way especially if you know how to use them wisely.

What are Forex Affiliate Programs?

In its simplest sense, forex affiliate programs are incentive programs where members or traders can gain incentives by referring their trading platform or other forex products. These incentives are usually in the form of investment bonuses such as added funds to the affiliate's account, or even free trading tips and products.

Signing Up Referrals

One of the most common forms of affiliate programs require the affiliate member to recruit new traders. These recruits or referrals need to sign up for a new account in order for the affiliate to be eligible for any bonuses or rewards. The referral incentives may also vary depending on the type of membership that the recruit signs up for, or most often, based on the initial deposit that the recruit member makes. This way, the trading platform or company has already gained something with which to compensate the affiliate member

Gains without Investments

The best part about joining an affiliate program is that members or interested parties do not need to shell out additional investment in order to be part of the affiliate program. If you are an existing member, you can simply refer your trading platform to friends and acquaintances and if they sign up and list you as their referrer, then you are eligible for bonuses. Again, the bonuses often depend on the type of investment that the new member will put in, which means that every referral should be legitimate. Members of affiliate programs should also know that there are certain clauses or conditions that need to be met in order for them to get the bonuses. For example, in the event that the referral signs up but does not make a deposit, the affiliate may not get any bonuses. Similarly, if the referral has made a deposit but has for some reason withdrawn it, then the incentive that has been awarded can also be taken back.

What to Look for in Affiliate Programs

Any trader or investor who wishes to sign-up for these affiliate programs should be fully aware of the terms and conditions of the programs they wish to join. Not all programs are alike and while there are general guidelines, there are those that offer more lucrative opportunities and bonuses. Another factor that the trader should look out for is whether or not the affiliate program pays up or provides the rewards on time. This can be very crucial especially if the affiliate partner is planning to use the rewards in trading.

In addition, since affiliate programs are all about referrals and advertising, affiliate partners should make it a point to advertise the platforms and products that they themselves find beneficial. The right forex affiliate programs are those that allow you to advertise products that you can truly boast about and refer to friends and strangers alike.

Keywords: forex bonuses, binary options bonuses, forex training, binary options training, forex affiliate programs, binary options affiliate programs

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