Brokers News

FX Choice launches Refer and Earn forex partnership program

Nov 17 2016 13:30:24 GMT
By
Stanimir Zhelev , ForexBrokerz.com Find me on Google+

Apart from providing competitive trading conditions on a selection of trading platforms, forex brokerage FX Choice offers a variety of partnership programs to suit every taste and budget. There are 3 main partnership types with this brokerage: Money Manager program, Refer and Earn scheme, as well as an affiliate program with three different compensation plans.


As regards the Money Manager program, FX Choice uses their proprietary MAM facility based on the good old MetaTrader 4 platform, which doesn’t require installation of any other programs and enables you to handle multiple accounts easily. If you are a fund manager, broker or a financial institution the broker can offer you tailored solution that will meet your individual needs.


In fact, the simplest route to partnership with FX Choice is their recently launched Refer and Earn program. All you need to do is recommend the broker to your friends and acquaintances (via email, Facebook, Twitter, etc.). Once people introduced by you open live accounts generate a certain volume, you will be paid up to $250 for each introduced friend.


The Affiliate program and its various compensation plans


After five introduced friends, you can upgrade your status to that of an Affiliate. The Affiliate referral program offers FX Choice’s partners great incentives and is by far the most flexible one, as you can select between three distinctive compensation models: volume-based, CPA and hybrid.


What you need to know about volume-based plans is that they are progressive in nature - the higher the volume generated by your referred clients, the bigger your eventual monetary compensation. The volume-based plan works in different ways for the two accounts available at FX Choice, Pro and Classic.

For the Classic accounts, affiliates are able to choose between Progressive rebate scale plan or Progressive spread sharing. The Progressive rebate scale plan is recommended to affiliates who believe that their clients are mostly interested in trading “majors”. Under this plan, affiliates can get up to 0.8 pips on all currency pairs. The Progressive spread sharing plan, on the other hand, is more suitable for affiliates whose clients mostly trade exotic pairs and minors along with majors. These affiliates can potentially receive up to 50% of the spread on all currency pairs.


Meanwhile, the progressive commission sharing plan is intended for FX Choice’s Pro accounts. The commission affiliates receive will increase proportionally to the trading volume their clients generate.
In case the volume-based models seems too complicated to you or it simply doesn’t look profitable to you, you can choose the CPA model, which is more straightforward.


Affiliates who choose this compensation plan can start earning from the moment their clients open a live account and meet a certain volume requirement. The minimum compensation for each introduced client is $80, and maximum earnings can reach $500. The total amount of your proceeds under the CPA model depends on the total number of clients introduced during a month and the country of their residence.


If you were looking for a compromise between the two abovementioned compensation plan, then FX Choice’s Hybrid scheme will probably suit you best. Under this plan, affiliates are paid for introducing clients (like under the CPA plan), and will also receive commission for as long as they continue to trade (like under the volume-based model). Although the fixed payment for introducing a client and the commission paid for the volume generated by clients under this plan are a bit lower than the original models, the combination of both revenue streams makes this plan extremely effective.
 

TAGS: fxchoice  refer and earn  affiliate  partnership 

More news about FX Choice

Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
US, UK, Australia CFTC/NFA, FCA, ASIC MT4, Web,
Mirror Trader,
Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA MT4, Web,
ProRealTime,
2Dealer
$1 Review Website
UK, Cyprus FCA, CySec MT4 $5 Review Website
UK, Cyprus FCA, CySEC MT4, MT5, Web,
cTrader,
SuperTrader,
FxPro Markets
$100 Review Website
Seychelles FinaCom MT4 $10 Review Website
UK, Bulgaria FCA, FSC Web $150 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySEC MT4, MT5 $300 Review Website

More Forex Brokers News

Morgan Stanley raises its stake in Plus500

Jan 16 2017 15:31:23

Morgan Stanley, the US multinational financial company who is among the major stakeholders in the London Stock Exchange (LSE)-traded forex broker Plus500 (LON:PLUS) has raised its stake in the company to pass the 6% threshold. Read more

IG urges its clients to take a stand with regards to FCA’s proposals

Jan 13 2017 08:36:04

Major brokerage IG Group (LON:IGG) encourages its clients to share their opinions about the recent proposal from the Financial Conduct Authority (FCA) to raise margin requirements for CFDs and spread betting, among other things. Read more

FXCM sees December, Q4 2016, annual trading volumes fall

Jan 12 2017 14:31:39

FXCM, the leading US forex brokerage saw a double-digit decline in its December retail and institutional trading volumes both on a monthly and annual basis, show the officially released company metrics. Read more

IG Group renames binary options to “Digital 100s”

Jan 12 2017 10:44:34

 IG Group, one of Europe's largest forex, CFD and spread betting (UK only) brokers has rebranded its binary options products and now calls them “Digital 100s”. Read more

It's official: Banc De Binary renounces Cyprus license

Jan 11 2017 12:43:49

 Banc De Binary, the largest and oldest regulated binary options broker has renounced its Cyprus license, several days after the first reports that it is planning to shutter its business and has stopped taking clients from the EU. Read more

Forex.com’s trading volumes drop by double digits in December

Jan 10 2017 15:17:56

According to the monthly metrics, provided on Gain Capital’s website, the over-the-counter (OTC) trading volume of its retail brand Forex.com dropped to $189.1 billion. The figure represents a decrease of 26.4% from previous month, and a drop by 33. Read more

Grand Capital releases mobile app for iPhone

Jan 10 2017 08:17:00

Forex and binary options broker Grand Capital always strives to improve existing products and services. As the number of traders who prefer to trade on the go through their mobile phones increases every year, previous week the broker released a mobile app for iPhone, called Grand Capital Invest. Read more

Banc De Binary shuts down, new EU clients are no longer accepted

Jan 09 2017 15:35:49

Update: on January 11, the Cyprus Securities and Exchange Commission officially announced that Banc de Binary renounced its authorization to operate as a Cyprus Investment Firm.   One of the leaders in the binary options trading market, Banc de Binary, closes operations. Read more

Blackwell Global acquires double licenses with Hong Kong’s SFC

Jan 06 2017 09:30:05

Pure STP brokerage Blackwell Global has acquired a double license from Hong Kong’s Security and Futures Commission (SFC) and is now allowed to offer both securities and futures trading services. Read more

FXCM's November retail client deposits fall YoY

Jan 05 2017 09:29:51

The deposits of FXCM's retail clients in November 2016 amounted to $178,375,472, shows the latest CFTC data from US retail forex brokers. This is 1.6% more than in October 2016, but 5.3% lower than November 2015. Read more