Forex or foreign exchange is a network of buyers and sellers, who transfer currency among each other at an agreed price. It is the source through which central banks, companies and individuals convert one currency into another.
If we travel abroad, we need to exchange currency according to the country. Forex is the most active trade market globally, and its daily average trading volume is about $5 trillion. Joining a forex affiliate program make you earn high profit.
The commission structure in forex affiliate programs follows one or more schemes which we will describe below.
CPA (cost per acquisition): According to this scheme, the affiliate program will reward you for one time when you refer a new trader. However, commission may vary according to the client’s currency. Leading economies such as Australia and UAE will make you earn a high commission.
Revenue Share: According to the Revshare, you will get the percentage of commission of your broker’s revenues. This revenue is based on net revenue, chargebacks and bonuses.
Lot Rebate: In this scheme, your commission depends on your client trading volume. The more your clients will trade, the high commission you will get.
There are tons of forex affiliate programs, and it is difficult and time taking process to choose the best one. For your convenience, we have brought best forex affiliate programs with complete details. Check the table below.