Forex Affiliate Questions

Hi all,

I come from the gambling industry I always prefer Rev share deals because I have great traffic and high player value.
I want to start promoting Forex but i don't understand what is IB our which program to choose ? what is the best Forex commission structure in forex ?

Thanks

 

You have traffic in other niche which is totally useless in case of FOREX. FOREX is not gambling. its an income platform. So you should think it in different ways. Like you should start working to increase the targeted traffic in this niche.

 

what is IB our which program to choose ?

IB’s (Introducing Brokers) are individuals or companies that utilize offline methods to introduce clients to brokers such as networking, training and/or word of mouth. In most cases IB’s meet clients in person before introducing them to a Forex broker.

what is the best Forex commission structure in forex ?

i think that the best payment mode is the: "Hybrid"

for example Good explanation from the site FXPN.com (Affiliate forex network):

A Hybrid solution is a combination of both CPA and Revenue Share payment models together so you can benefit from both methods. This solution is ideal for those who do not know which model will generate the most revenue for their referred clientele.


Hybrid Example: Brand X offers $250 CPA + 20% Revenue Share.


Trader 1 makes the following deposits:


CPA: $100 trader deposit = $100 partner payout


Another $300 = $150 partner payout (total $250)


AND:


RevShare EURUSD trading at 1.2200 / 1.2202


Buy 1,000,000 entered at 1.2202 and sold at 1.2204


Spread in pips: 0.0002


Spread in USD: 0.0002*1,000,000 = 200USD x 20% Revenue Share = $40 partner payout


Total Hybrid Partner Payout: $250 + $40 = $290!


The revenue share is calculated for every trade, totaled and paid automatically every month for the lifetime of your referred trader.

read more on the FXPN.com Website

 

http://www.iplatin.com/c8.html You can find some answers here.

Regards Hope helps.

 

Never had much luck with FOREX. Although I'm sure it's profitable, it's a small, targeted niche...

But I've done very well with RX in the past, and more recently I've been doing extremely well with payday loans (see my sig). Actually, it seems to me a payday loan program might be a good cross-over product for gambling sites. Not that you want to cater to people with gambling problems, but providing an option for "quick cash" might be appealing...

 

I don't think Forex is very profitable, at least never had any conversions..

 

I'm doing well in the stock market niche and promoting affiliate products and my own stock market product. I have a few websites in the forex niche, they do quite well, but not as good the stock market. But yah, forex is different than gambling.

 

I can not comment directly on Forex but with Binary Options which are very similar,I find that straight forward CPA deal is often best.
You can expect between $200 to $350 with a broker with a low minimum deposit and high conversion rates.
With Rev. Share and Hybrid deals you will be responsible for your share in the payout. This can be risky if you provide a good product or service that gives your traffic the edge.

If you do have excellent traffic rev. share could be a good option but with high quality traffic you can ask the brokers for pretty much anything you want.
That is what our affiliate network does best.

 

Forex is a complicated matter as far as i know.

 

Forex is super complicated. You have to worry about trade volumes, the brokers spread, turnover requirements, candlestick charts and since its all regulated now you need a lot more capital to get started with a forex broker.

With binary options it's very straight forward. You see a stock, currency, or commodity you want to trade, bet whether its going to go up or down, make money.
The minimum deposit is as little as $100 for some brokers and those brokers usually have a $200 CPA. This means make money online traffic is great for them.

Now that being said make money online folks (and I am telling you this as a former Binary Options sales rep) are the worst traffic. You can expect to see only one deposit and usually for only the minimum. They people do not usually have the time, money or patience to make trading assets online profitable)
This means the broker is loosing money on your traffic.

It is a million times better to attract make money online people but direct their interests to your product. Make Binary Options the greatest way to make money online that they never knew they wanted but most importantly tell them why. If you can educate you traffic, even if it is just with the basics, the conversion agent that handles your traffic will be able to convert many more of them, they will be worth a better CPA and you will be getting much more money.

Why would a broker who is loosing money on your crappy traffic want to waste the time to convert them when they have leads they know are good. The answer is they wouldn't. Your clients will be lucky if they get called more than once if at all. Better looking to look for ways to take low quality traffic and make them into valued clients.

Remember with affiliate marketing part of your job is to convert the traffic for the broker. That is where you get your money, if they don't deposit you don't get paid. Its their job to keep the customers, its your job to make them. The more educated and already convinced they are when they leave your website, the more money you will make.

 

i dont prefer to be an IB for a forex broker at all

 

If you have a Data Base of your own clients then the best way to go is to become an IB.
You can earn allot more money then in just CPA or Hybrid deals .
But once again you have to have the confirmed forex traffic and know your clients well . Make money and Casino traffic won't work on Forex since it's a deferent ball game all together.

 

I have a question what do you think about Forex / Binaryoption trading simulations ?