Forex Affiliates

Forex affiliate marketing is the practice of promoting and sending traffic to forex broker websites and trading platforms on a performance basis usually paid for based on qualified sales – when a lead or client converts.

A forex affiliate is a marketer who works in the financial services industry to promote products and services of foreign exchange trading brokers. The marketer receives a commission from the broker for each referral they send.

There are many types of marketing models which forex affiliates can use when working with BlackBull Markets but it’s quite common to own a website with information, reviews, comparisons, or news about the foreign exchange industry and forex brokers. Anyone who promotes a forex trading platform or broker by publishing content on their website, social media, or another online medium, can be a forex affiliate.

Forex affiliates make money by referring traders to forex brokers but the way they are compensated may be different depending on the affiliate program. Here are some of the ways that you can earn with BlackBull Markets:

Cost per lead (CPL)

Although it pays a lot less, cost per lead is great for affiliates because they get paid even when the traffic that they send to a forex broker doesn’t deposit or trade. This puts the onus on converting traffic on the forex broker. The forex affiliate doesn’t have to rely on the ability of the forex broker to convert clients because they’ve already been paid.

Cost per action or acquisition (CPA)

The commission for CPA is higher than CPL because traffic needs to qualify before the affiliate gets paid for it. Forex affiliates get paid a one-time amount agreed with the broker whenever their referrals complete a specific action. For example, once they have deposited a minimum amount of money and reached a trading volume threshold.

How to Become a Forex Affiliate

To get started as a forex affiliate you do not need extensive knowledge about foreign exchange trading as you will not be interacting directly with the referrals you send to BlackBull Markets. Forex Affiliates will be provided with all of the relevant marketing tools they will need to get started.

When you sign up with BlackBull Partners, you will be provided with a unique referral link. You can promote this link on your website to potential traders. Everything will be tracked in your partner portal. Our team will guide you every step of the way. Sign up now to get started.