Brokers News

FX Choice launches Refer and Earn forex partnership program

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 

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