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The following article was published in our article directory on March 21, 2014.
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How to Choose the Best Forex Affiliate Programs

Article Category: Business

Author Name: James Smith

Forex affiliate programs provide an alternative way to make money from the currency markets even if you are not interested in trading. In an affiliate program you will endorse a forex broker using an affiliate website. When one of your leads clicks on the affiliate link and signs up for an account with the broker you receive a commission.

There are three main types of forex affiliate programs:

Cost per Activation programs. In a CPA program you earn a one-time fee whenever one of your referrals makes his first deposit into a trading account.

Cost per Lead programs. A CPL program pays a commission every time one of your leads clicks the link and visits the broker s site. However, some brokers may require an additional action, such as the lead filling up an online registration form, before you are paid the commission.

Revenue Share programs. In these programs, the affiliate earns a share of the spread of their referral s trades. And their share will increase as the referral makes more trades.

There are a number of important things that you should look for when choosing forex affiliate programs:

What is the reputation of the broker running the program? Does the broker have a good rating with the Better Business Bureau? What do online review sites say about them? A broker that has a lot of unresolved consumer complaints and bad reviews may not be trustworthy.

Is the broker a member of an established industry organization? Brokers that are members of these groups are more likely to be trustworthy since they are required to adhere to the best practices of the industry as well as a code of conduct.

Are there any fees for joining the program? Generally, the best programs only charge for starter kits or have a registration fee. You should be wary of brokers that charge recurring fees to their affiliates.

What is their compensation plan? The best forex affiliate programs have compensation plans that are easy to comprehend and offer attractive commission schemes. The best programs also allow you to earn to at least the second tier, meaning that you also generate earnings from the conversions of your referrals.

How many pips does the broker charge per transaction? Forex brokers do not charge commissions directly but make their money through spreads every time a trader makes a transaction. If the spread is too high, then it may influence how much you earn from your recruits. In addition, you should also look out for things like extra fees and charges, such as withdrawal fees whenever a trader withdraws his earnings into his bank account.

What promotional tools does the broker provide you? The best programs will provide you with your own affiliate website as well as other marketing tools that you can use to drive traffic to your site.

What support does the broker offer to you? Once you are enrolled in good forex affiliate programs, the broker will not simply leave you alone but provide support such as training and team-building programs.

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