If you want to make a career as an introducing broker (IB) or an affiliate in the foreign exchange market, you will find dozens of forex brokers looking to win your business. Visit any financial site, you are most likely to be bombarded with advertisements encouraging you to join as a referral partner. However, it’s ironic that most of these schemes out there turn out to be quite the opposite of what you expected. If you’re looking for a legit partner program with all details on what’s inside the sack, to be sure of what you’re getting, then AximTrade Partner Program is sure to surprise you.
Among the most lucrative and promising revenue-generating opportunities available to young entrepreneurs today, forex affiliate programs and forex introducing broker program rank high on the list. Yet, like any business venture, the success of an IB or an affiliate depends heavily on the brokerage they partner with, and unfortunately, not all brokerages are trustworthy. In this article, we’ll run through some of the most significant features offered by the AximTrade partner program, helping you see past the disappointing offers offered by many brokers today.
Let’s start with the basics!
What is the Forex Partner Program?
A forex partner program is actually a collaborative effort between the talented individuals involved in the forex market and the brokerage firm seeking to expand its boundaries. Putting together a business partner and brokerage firm is more of a win-win situation for all parties involved. In a nutshell, the brokerage firm gains new members who sign up on its platform, and the partners will receive commissions for each trade executed by those referrals.
A forex broker partner could be anyone. They can be an individual trader, an influencer, or business entity that serves as an intermediary between brokerage firms and traders. Typically, the role of a referral partner working with forex brokerage firms is to bring in new traders to the brokerage and earn a commission in return for doing so. The two most common groups of individuals who join as a forex broker partner are forex IBs and forex affiliates.
Partner programs offer a great opportunity to earn passive income through things the partner is already doing: blogging, vlogging, or sharing on social media. Depending on your level of engagement, you can create a passive income stream. Furthermore, forex brokers that work with referral partners may also provide them with marketing tools, which can save them time and enable them to leverage their expertise to attract new customers.
With more brands incorporating micro and nano influencers into their marketing strategies, becoming a forex broker partner has become more prevalent than ever. A partnership of this kind is ideal if you’re a content creator or a valuable advice provider with a big following and want to monetize it effectively. Here’s an ultimate guide to becoming a Forex Broker Partner and earning a steady income stream that lasts for years.
Forex IB Vs Forex Affiliate Program: Key Differences
The primary difference between forex affiliates and forex IBs is that forex Affiliates refer clients via online activity and forex IBs can also meet their clients in person. Unlike forex affiliates, forex IBs usually have a clearly defined audience and possess a wealth of industry knowledge, while forex affiliates are mostly influencers and marketers with little or no experience.
Forex affiliates generate referrals for partnered brokers by setting up affiliate websites or links. The main job of an affiliate is to market and advertise the offerings of the brokerage. However, marketing is only the first step of an introducing broker (IB)’s role. The main aim of an introducing broker is to improve client satisfaction by establishing long-term relationships. Both the IB and broker benefit from this scenario.
Forex IB involves brokerages partnering with individuals who already have a large following better known as finfluencers, who are paid to promote the brand or its products through their networks. Reaching out to the target audience and influencing their buying decisions is the main objective of the finfluencer strategy. Whereas, with affiliate marketing, brokerage companies pay affiliates a commission for every sale they generate. i.e., affiliates receive a commission when visitors purchase the product via the links (or codes) on their websites or channels.
While these distinctions exist, successful forex affiliate marketers and forex IBs all produce engaging content that resonates with their audiences. Thus, they often overlap. Discover the top benefits of becoming an Introducing Broker and the reasons it can generate more revenue than other earning programs.
How important it is to partner with a reputed broker?
The importance of partnering with a reputable broker cannot be overstated. It is imperative that you partner with a reputable broker who is fully regulated, on top of all laws, rules, and other compliance considerations. A broker’s website does not always provide reliable information about their reputation and reliability, but there are a few things to look for.
It is always more reliable to deal with Forex brokers who are well-represented online. You can determine whether they are trustworthy by checking their social media presence, following their events, and taking a look at how they treat their business partners.
A successful broker must maintain an active online presence, and provide ongoing news, educational content, and weekly outlook and analysis on all platforms. The broker’s rating can also be checked on forex websites and communities such as Trustpilot, which can be helpful. Check out the AximTrade review to discover how reliable the broker is and what it will mean to you as the AximTrade partner.
Benefits of the AximTrade Partner Program
AximTrade, the global broker, offers a wide range of earning options for its Introducing brokers and Affiliates from different countries and backgrounds. Let’s briefly discuss the benefits associated with the AximTrade partner program and its commission details.
1. Office Sponsorships
Yes, you read that right! Enrolling with the AximTrade partner program brings you a great deal of forex rebates beyond your trading commissions. The AximTrade partner program offers a number of incentives and rewards if you’ve established yourself as having a good set of followers and strong leadership skills. The benefits include workspace, local teams, and more incentives as you progress through the program.
2. Events Sponsorships
Yes, we do! As part of the AximTrade partner program, we also offer sponsorship opportunities that will allow you to expand your network and engage with your following while also boosting your business at the same time. Moreover, AximTrade partner program benefits can also be extended to cover travel expenses and paid advertising on your social media channels as part of the program.
3. Personal Relationship Support Manager
At the AximTrade partner program, we firmly believe that good communication and coordination skills are necessary for facilitating better relationships with clients and partners. The AximTrade partners are assigned a personal relationship support manager that works closely with them to improve their understanding of their needs and also motivates them to provide the best service possible.
4. No Limits on Total Commission Withdrawal
AximTrade partner program compensation structure has been carefully designed in order to enable introducing brokers and affiliates at all levels to be sufficiently rewarded for the referrals they make. The beauty of the AximTrade partner program commission is that it is unlimited to a time period or to one purchase – the more trades your referrals make, the more rebates you will earn.
5. Real-time Commission Rebates
The AximTrade partner program is the most straightforward way for you to generate a steady stream of income in the shortest amount of time. In the event that any of your referrals join and make a trade, you’ll be given immediate commission rebates without any holdings, adding a unique advantage to the AximTrade partner program. Your rebates will be available for withdrawal shortly following their receipt.
6. Daily Commission Payout
If you are searching for forex brokers who can offer daily commission payouts for introducing brokers and referral partners, you’re in luck. With the standard AximTrade partner program, you can earn the fruit of your hard work every day as your referrals and their trading numbers continue to grow. As a result, you will be also able to keep track of your follower growth and their progress as traders. Withdrawal of your payment will be available to you within a few hours or the next day!
7. Clients’ Trading Statement Reports
The ability to know how many trades your referrals make and how much engagement they do is an essential skill for introducing brokers and affiliates. AximTrade partner program knows that your clients’ trading statement reports are actually the scorecard of your hard work. As a result, our transparent system displays a detailed trading statement report for your referrals over a given period of time for you to monitor.
8. 24/7 Online Support
AximTrade wants to make your journey as a partner as smooth and comfortable as possible. Because of this, we now offer 24/7 customer support. Now you can easily access our support team and resolve any issues you have in a timely manner without putting off your questions. Our AximTrade partner program specialists will gladly help you find the right decision. Don’t hesitate to resolve all the technical and financial issues you have, as this may save you money and time in the long run.
9. Loyalty Programs
Loyalty programs involve actual rewards intended to motivate loyal performers. As your referral trading volume grows over time, you will be able to earn more rewards. The loyalty program for the AximTrade partner program will increase your rebate profit substantially. With this loyalty program, partners will receive an additional percentage of the affiliate commissions they receive periodically.
Why Choose AximTrade?
AximTrade is a fast-growing retail brokerage dedicated to providing exceptional trading experience, service, and conditions to its clients, in addition to providing competitive partner rebates. Transparency and integrity are at the core of AximTrade’s quality standards, making it one of the best platforms for worldwide traders.
AximTrade has won 4 Global Forex Awards 2022 for the second consecutive year following rigorous evaluation in the global retail forex market. In the following four categories, AximTrade has received a record number of unique votes voted by the global forex trading community: Best Forex IB Programme – Global, Best Forex Copy Trading Platform – Asia, Best Forex Broker – MENA, and Best Forex IB Programme – MENA.
AximTrade partner program rewards every individual and business who refer new traders to our award-winning forex trading platform. Our partner program is the simplest and most straightforward type of partnership. Signing up is easy, you don’t have to pay any upfront investment, and there is no integration needed. Contact us for details on how to join the AximTrade partner program and start earning commissions right away when your clients execute a trade with AximTrade.