XForex launches an online Forex affiliate program - FxClix

XForex, a online retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term broker, has recently launched an online affiliate program of its own called FxClix.

Riding on the increasing success of online affiliate programs XForex decided that it is time to simplify the registration process for its business introducers.

According to Wikipedia: Affiliate Marketing is an Internet-based marketing practice in which a business rewards one or more Affiliates Affiliates Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers compensate affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition The bro Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers compensate affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition The bro Read this Term for each visitor or customer brought about by the affiliate's marketing efforts. It is an application of crowd-sourcing.

For us in Forex this basically means that anybody can instantly become an Online Introducing Broker for a Forex firm via a quick and simple registration process. Forex affiliate programs allow you to sign up as an online Introducing Broker (Affiliate), receive creatives (banners, links, etc), get your own tracking link (telling the broker that the trader arrived through you) and view and monitor your campaigns and traders' performances real time. Another great benefit of such a system is that there is no need for human intervention during the process. Unlike your typical Forex broker which typically requires you to interact with an Account Manager, here you are up and running within minutes.

This type of program is specifically geared towards Internet marketing experts who are able to drive large amounts of traffic via their sites, networks, email lists, etc.

The benefit for the Forex broker is obvious - dozens, hundreds or even thousands of people are working to introduce business to you, at no cost for you. The only cost is when a trader signs up, then one of the typical payment methods follows.

The common remuneration methods for affiliates are:

a. CPA (Cost per Acquisition) - once a trader opens a live account, or deposits, the affiliate receives a fixed bulk fee, typical regardless of the deposit sum.

b. Revenue sharing - Affiliate is rewarded for client’s trades, typically rebates as percentage from spread.

c. Hybrid model - combination of CPA and Revenue Sharing.

These are the most known affiliate programs in the market today:

HY Markets - HY Affiliates

Easy Forex - forex-affiliate.com

Etoro - etoro partners

Forexyard - Affiliate Yard

finexo - referforex