FXOpen Affiliate program Review
The Forex broker FXOpen has a simple but interesting Forex affiliate program that allows any customer of the company to get an extra income promoting the services of FXOpen, basically getting new customers (traders) that open a trading account and deposit funds in it. It can be said that the affiliation to this program is completely free and the affiliate only has to open a trading account with FXOpen, which has no cost at all. After the opening of the account, it will be activated without the affiliate having to deposit funds into it at the beginning, unlike other brokers that do require a minimum deposit.
The marketing resources of this affiliate program are quite limited and do not offer banners and other similar promotional tools. The only thing it offers is a link to the website of FXOpen which can be used by the affiliates according to their judgment and criteria to promote this broker. FXOpen only offers a payment plan based on Revenue Share. In this case, the affiliate gets 1 pip for each transaction made for each referred client. Thus, if a trader made a trade of one lot, the affiliate who referred that client receives a payment of $10.What makes more attractive this affiliate program is the Forex broker itself. Promote FXOpen is simple because it offers the following general characteristics:
- ECN Execution for the customer trades.
- It is a Metatrader 4 broker.
- FXOpen offers the possibility of opening PAMM accounts(managed accounts).
- FXOpen Forex offers an option of Forex auto trading for customers who like to invest in the market through automated trading systems
Subaffiliate program of FXOpen
One of the biggest advantages of this program compared to other similar ones is that it has a three-tier remuneration system. In this case, the agent obtains commissions not only for the trades carried out by the directly referred traders but also for the transactions carried out by the 2nd level referrals (traders introduced by direct referrals) and even by the 3rd level referrals (traders introduced by 2 level referrals). Thanks to this commission scheme, the earning potential for the affiliate is almost unlimited. The commission percentages that the agent receives for each level are as follows:
- Level 1: 100% of commissions.
- Level 2: 25% of commissions.
- Level 3: 10% of commissions.
In this case, the member has the ability to share any type of percentage commission with partners from other levels. This multilevel affiliate program is an excellent option for partners specialized in multilevel network marketing.
Summary of the general characteristics of the affiliate program of the broker FXOpen
Below are the main characteristics of the Affiliate Program of the broker FXOpen:
|Program||FXOpen Affiliate Program|
|Year of establishment||2009|
|User Panel to control the account||Yes|
|Updated and comprehensive reporting of statistics (traffic, referred accounts, money earned, etc)||Yes|
|Payment Plans||-CPA: No.
-Revenue Share: It pays 1 pip for each trade made by the referred trader. For example, if the referred client made a 1 lot traded, the affiliate receives $10.
|Sub affiliate Program||No.|
|Minimum Payment||No minimum withdrawal.|
|Languages||English, Spanish, German, Chinese, French, German, Russian, Italian, and others (20 languages in total).|
Basically, this is not a regular affiliate program when it is compared with other Forex affiliate programs in the sense that it has not its own website and the same marketing resources.
The FXOpen affiliate program is based on the use of a referral link to promote the broker. This link can be used by the affiliate in different ways like in a website or blog for example.
Link to join the Affiliate program of FXOpen: