What is a Forex Affiliate Program?

This is nothing but third-party affiliate marketing where a trader or just a regular person refers to other traders to use the services of a specific brokerage house. In doing so, the person that does the introduction receives a reward from the broker.

The reward may take various forms. It may be a cash reward per new signed-up trader. Or a percentage of the volume made by the new trader, or even combinations of the two as well as many other options. The aim is to convert as many traders as possible to the broker.

What is in for the broker? Well, the Forex broker running a good Forex affiliate program benefits from finding new clients. At the same time, it can focus on retaining the current ones. Thus, rewarding the introducer is in the best interest of both the broker and the introducer.

For more Details...