Joining forex affiliate marketing holds an excellent opportunity to create profitable monthly revenue source. Just like any other niche, forex affiliate programs have their pros and cons. Let’s go over some of the main advantages and disadvantages of promoting forex.
High Commission Rates
Forex affiliate programs offer great payouts both in revenue share and in CPA commission structure. The possible revenue payout plans vary from 25%-60% and CPA offers can go as high as $500, depending on your experience and traffic.
Great Marketing Tools
Most forex affiliate programs offer impressive tracking and marketing tools. You will find everything from gif/flash banners, different profiles for tracking links, landing pages, mailers, video tutorials, white labels and even widgets such as currency rates, economic calendars, market news, charts and more.
For example, some of the widgets offered by eToro Partners include:
FX Rates – ask/bid prices for major currency pairs
FX Insight – shows popularity and trend of trades among our top 1000 traders.
FX Calendar – previews global economic calendar with the upcoming economic releases.
On top of detailed referral stats, rotating banners and promo pages, Instaforex Partners offer:
Forex informers - automatically updating widgets with financial information, such as world financial markets: news, American, European and Asian stock and currency markets review; as well as currency pairs and indices quotes.
Press Release – latest broker updates and promotions
Another example of a useful feature is Account Quality Report, offered by AvaPartners, which shows the status of your leads:
Which account type (demo/real) was open by the lead?
Was there a feedback once the lead was contacted?
Which country is the lead from?
Which trading platform did the lead choose?
Which currency did the lead pick?
When was demo/real account opened?
When was the first deposit made?
When was the first trade?
Different Market Sources
If you wonder where forex is MOST WANTED, here is your answer – France, Germany and Italy. Russians are great in forex trading as well; however there is the whole issue with credit card, which, apparently, not many possess.
Blooming Potential
Today forex affiliate market is where the gambling affiliate market was 6-7 years ago. It is not overcrowded yet, while it is profitable and expending. The global forex market turnover has increased by 20% in the last 3 years with the average daily turnover of $4 TRILLION compared to $3.3 trillion in April 2007.
There is no question about it – forex affiliate market is here to stay!
Complicated at First!
Forex trading is not as easy as online casino. You can hardly refer to it as gambling and it requires some learning. In order to be a successful forex affiliate and create eye-catching website, you will have to learn the basic of trading and analyzing.
If you are already an affiliate in a different niche, let’s say online casinos, you have to agree that without knowing how to gamble, it’s rather hard to promote the casinos! Forex is exactly the same thing! You don’t have to become an expert in economics or stock market whiz; however it is important to become acquaint with the main idea and strategies.
Problems with US Traffic
Recently it became illegal for US residents to trade forex or binary options with unregulated brokers (brokers without proper license and authority regulation like, for example, NFA or CFTC).
Unregulated brokers basically offer trading conditions, which are illegal according to Dodd-Frank act (for example, leverage higher than 1:50). You can read more about it by searching google for Dodd-Frank act.
So off-shore brokers that are not regulated by US authority either redirect US visitors or do not accept the registrations.
US regulated brokers accept US traders with open arms. However, here is the problem – there aren’t many of such brokers and they usually do not offer affiliate programs! There is a bright side of the story. Brokers without affiliate programs are eager for flat-fee campaigns. So even if you do have US traffic, do not give up on it just yet!