There are several parameters to take into account when it comes to the choice of a forex affiliate network to join. Over and above the number and size of the different brokers a network might have access to, you need to look at the elements vital to your relationship with the actual network as well. The key points to consider are:
Reliability and Security
Does the forex affiliate network have a good reputation for reliability and security? Do they support their forex affiliates? Are their systems secured? We’re talking about a lot of data and information here, and your referral data being at risk, or even your personal information.
The problem is you can’t just take things at face value. Luckily for you as an affiliate, there are plenty of resources you can use to check the reputation of the network you’re considering. Affiliate forums are a great place to start. Most forums will have rating sections with information about network performance.
One of the most important factors to take into consideration is the network’s reliability. After all, the reason you became an affiliate was to make commissions, right? If the forex affiliate network you’re working with doesn’t track your referrals accurately or doesn’t make payments on time, this will have an impact on your business. As an affiliate, you invest time and energy, and in the case of paid traffic, money.
The only way the relationship works is to sign up with a reliable forex affiliate network.
How Affiliate programs work
Affiliate programs work whereby an affiliate refers clients to a forex broker’s website in return for financial rewards. This is usually done through recommendations, banners, links, content and other types of marketing collateral. The referral works when a potential trader clicks on a link or a banner provided by an affiliate who proceeds to register and trade with the broker. That trader is then flagged as a client of the referring forex affiliate. When the client funds his account and starts trading, affiliates will start receiving commissions into their account for the client’s trading activities.
Becoming an affiliate for a forex broker is a straightforward procedure involving an agreement defining the partnership and commission terms. Forex brokers will provide affiliates with access to a dashboard on their website or personal cabinet where they can access statistics and reports such as commissions, conversion rates, top performing ads, client lists, trading activity and deposits. A broker will also provide a personal affiliate account manager to assist with an affiliate’s requirements. Check winstone prime affiliate page.
Affiliate Network Software
One of the first things successful affiliates look at is the software a forex affiliate network is using. A reliable solution should be able to track all your traffic and leads, from acquisition through the marketing funnel, to a conversion. You should be able to have an at-a-glance look at all your marketing efforts with the ability to drill-down into detailed and specific information.
First of all, the affiliate software has to be easy to use. Setting up the parameters of your campaigns needs to be easy. Different brokers will have different settings for their offers. Some will have CPA (Cost Per Action) payouts, and some will specify CPL (Cost Per Lead) payouts for forex affiliate. Different brokers will have different qualifying requirements for payouts. If you can’t get all the information you need, making an educated choice becomes challenging to do. The more information you can get from the network’s software, the more informed will be your decisions and, ultimately, your earnings will improve.
Tracking is one of the critical components of any profitable affiliate campaign. If you don’t track all your marketing, then there is no way of knowing which of your campaigns are making money and which ones are losing money. Even if all your campaigns are profitable, some will be making more money than others. The best way to maximize your affiliate earnings is to scale your most profitable campaigns. If your network software can’t give you all the details you need to make the best choices for your campaigns, then your overall results will suffer.
If you’re using your tracking domains (and you should) on a separate tracking solution (and again, you should) then to best track your marketing results and affiliate earnings, you must be able to use S2S tracking (Server to Server), also known as Postback tracking. S2S is an extremely accurate and reliable way to track your campaigns since all the tracking and conversion data takes place on the network’s server. It can be quite complicated to set up, though, but it is the most accurate way to track affiliate marketing. Does your forex affiliate network use S2S? Winstone Prime do.
Beyond tracking, however, the software your network uses has to have several other features. Reporting, for example, and Real-Time Updates. Affiliate marketing is a fast-paced and fast-moving world. Reporting plays a massive part in your success, and if you can’t generate the right kind of report, staying ahead of the game will be difficult.
At Winstone Prime, we give all our affiliates access to in-depth reporting. If you can imagine it, you can probably generate a report for it!
Earning Potential
The commission offered to forex affiliates has become very competitive amongst forex brokers due to the popularity of affiliate marketing. There are many different programs to choose from and plenty of opportunities to earn money.
Affiliate schemes are ideal for those looking to broaden their online business and enhance their earning potential from tapping into the forex industry. The industry has soared in recent years, becoming a very popular and potentially lucrative niche amongst traders. With $5 trillion trading volume per day, it is clear how many affiliate marketers generate a good income from online affiliation with best forex brokers.
Withdrawals
OK, you’ve run some fantastic campaigns, had a load of conversions, and now it’s payout time. Is it going to be easy to get paid by your forex affiliate network? You can never overrate the importance of reliable payment methods. You might have based your choice of affiliate network on the range of brokers, offer types, and payouts, but the overall statistics paint a different story.
41% of affiliates who stopped working with a network said payment issues were the main reason.
These are the main factors affiliates look for in network payments:
- Time to receive payments
- Withdrawal fees
- Straightforward verification process
- The popularity of payment methods
We pay our affiliates four time a month. Yes, make sales, and you’ll get paid every week. We appreciate and value your efforts for us, and the last thing we will do is make your payments without any delay. Sign up with Winstone Prime, and your commissions will be right there for you every week!
We compensate the withdrawal fees. If you choose to be paid by Neteller, then the even the charges levied by Neteller will be compensated in your account
Verification is easy. You need to upload a copy of a photo ID and proof of address. Simple
Withdrawal methods we support:
We make it easy for you to promote great brands, and we make it easy to get your money at the end of the day (or week to be exact!).
Choosing a forex affiliate network to work with is the starting point for your affiliate business. You might have great traffic sources and be able to generate amazing campaigns. If your network lets you down, though, all your efforts will come to pretty much nothing.
We’re always available for a chat, so why not reach out to us and see what we have to offer? We’d love to hear from you!
Click here to join Winstone Prime Affiliate program.
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