Which affiliate program is better?
Despite a popular opinion, there's a wealth of legal methods to earn money from Forex without making an investment. Those methods include varied affiliate programs that your broker may offer to you. This method will suit those who don't want to risk their money but would like to increase it.
Let's have a closer look on the most popular affiliate programs and decide if it's really possible to make money from Forex without investments.
It's the most popular program with partners as they earn up to $15 for every trade their trader has conducted. Also, a partner receives 10% of the profit of a partner that he/she has brought in. The program is pyramidal, i.e. the amount of your earnings will depend directly on the people you have driven to the broker. It's worth mentioning that despite its simplicity and convenience, the remuneration earned through the Rebate program is the highest in the financial market. If you're fit to build a huge pyramid of traders and subpartners, you can bargain for stable earnings.
This type of affiliate program is very similar to the Rebate type. However, the CPS program implies that a partner gets remunerated only after his/her trader has used the affiliate link, deposited over $100 in the account and conducted over 50 trades. Once these conditions are observed, the partner can claim a monetary reward of $50. Just like with the Rebate program, the partner is paid 10% of an attracted partner's profit. In my opinion, this type of cooperation would rather suit the owners of large internet platforms with big traffic.
The main feature of this type of cooperation is that an affiliate reward is paid instantly. You only need to drive a client to the company's site via your affiliate link so that he/she could create and verify his/her profile and top up the account.
The PAMM program is a system for trust investment management where a partner attracts investors with the help of his/her affiliate link. The amount of remuneration is preset by the manager of a PAMM project. Just like in the above mentioned cases, a PAMM partner receives a commission of 10% if a referral chooses to become a sub-partner. This type of affiliate program also implies a reward for promoting a PAMM account. The amount of such reward is preset by the manager as well.
Commissions are calculated automatically in all the affiliate programs, which allows a partner to save a lot of time. To help partners bring in more referrals, a broker may provide them with a variety of promotion tools. For example, the LiteForex broker offers its partners banners, informers, business cards, and other materials.
I hope that my article will help you choose the affiliate program that will suit you the best.
In the run-up to the New Year holidays, I would like to wish you success in working with your broker!
Happy New Year!