Different Types of Forex Partner Payment Schemes
When it comes to partnering with a brokerage firm, there are two main options to consider: becoming an introducing broker (IB) or an affiliate. At BlackBull Markets, marketers have the opportunity to collaborate with the company on their own terms. This article explores three types of partnership schemes and provides insights on how to earn from these partnerships.
Affiliates:
Affiliate marketing is the most popular partnership scheme, offering numerous advantages. There are certain parallels between the e-commerce and trading sectors. However, the cost per action (CPA) in trading, which generates revenue, differs significantly from the traditional CPA in e-commerce. Affiliate marketers typically rely on generating small profits through various strategies to recommend and persuade potential clients to purchase a product or service.
As an affiliate’s online presence grows, the likelihood of attracting more referrals and increasing residual income also increases. Affiliates must actively seek out prospective clients, persuading them to register and engage in trading. Even a single referral can earn affiliates thousands of dollars in commission. The ongoing commission received by a Forex affiliate is directly influenced by the number of trades their referrals make.
Earning Potential of an Affiliate:
By referring just one client to BlackBull Markets’ partner program and getting them to trade on any market, you can earn up to $200. Depending on the size of the company, an affiliate has the potential to earn up to $1,000 per client. BlackBull Markets even allows you to design a partnership that caters specifically to your needs. With regular commission payouts, you can be assured of receiving consistent payments.
Introducing Broker (IB):
As an IB, you act as an intermediary between the client and the brokerage firm. You earn commissions when referrals register, deposit funds, and start trading. The potential earnings as an IB can be higher if you consistently refer clients.
Within the Introducing Broker (IB) scheme, there are two different payout structures: hybrid/fixed commission and cost per acquisition (CPA). The CPA model generates revenue based on the client’s earnings, while the hybrid/fixed commission offers a one-time payout. Consequently, an introducing broker earns more money if their referral generates higher profits. At BlackBull Markets, IBs have the option to choose between these two models for payment, and they can generate income from a maximum of 1000 active clients. Additionally, IBs can manage all their leads in one place, regardless of whether they are CPA, fixed, or hybrid, enabling them to capitalize on trends and expand their business.
Influencers:
Finally, individuals with a large and engaged social media following can consider partnering with BlackBull Markets as influencers. Similar to affiliate marketers, influencers receive high commissions per lot or have a wide range of content marketing options available. This allows influencers to maintain a steady and growing following. Moreover, BlackBull Markets has a team of experienced professionals with nearly ten years of expertise who work closely with partners and influencers to help them achieve their objectives consistently.
