Affiliate Program from NordFX

Broking companies and dealing centers seriously fight for traders, both top-grade professionals and beginners alike. Broking companies use a variety of techniques to engage traders, starting from leverage and different live account options to fast withdrawal of profits in a way most acceptable for the trader.

Introducing an affiliate program is one of the ways of engaging new traders. What is an affiliate program about? The broking company authorizes its traders to engage new partners to cooperation with them. The broking company's partner gets a fee as a 'thank you' for such cooperation. The type and amount of the fee vary a lot - it can be one-off and fixed to referral-based (when the partner gets a fee as long as the trader he or she has engaged continues working through the broking company. Usually, the size of this fee directly depends on how active and effective the engaged trader is).

What is the way that brokers' partners can engage traders to work through a DC? Essentially, any advertising methods, even by handing out fliers on lively crossroads or inviting the audience of specialized workshops and courses. But the most widely spread method of trader engagement is by using advertising banners on Internet resources. Firstly, the World Wide Web is, so to say, the workplace for foreign currency players. Secondly, this technique helps the engagement fact to be recorded automatically - the partner need not demonstrate to the broker that it was their ad a specific new trader used to enroll. The system automatically records what individual used what Internet resource to go to the broking company's web site. Even if, instead of registering during their visit after a direct transfer from the partner's web site, the trader does it later (within three months) without entering the partner's web site for a jump, the system will still record him or her as coming from a specific 'tip' and pay the partner a fee.

This way, the broking company gets widely advertised among the target audience. This advertising is not free (since partners get paid a fee) but clearly of a benefit for the DC.

Like for the broker's partner for whom cooperation with a DC generates passive income that can reach even tens of thousands of US dollars a month. But the partner's costs of program affiliation are equal to zero!

NordFX also suggests that every stakeholder become its partner. In its affiliate program, NordFX uses a referral principle described in detail above. This DC's affiliate program is characterized by a large fee paid its partners every month - up to 30 percent.

The maximum 30% rate is available to partners that engage traders to open VIP Micro accounts (the fee rate for the basic Micro account being 25 percent). If the trader works in the Standard account the partner's fee is 20 percent (for a basic account) or 25 percent (for a VIP account). Premium accounts have even a lower fee - 5 and 7 percent, respectively. However, lots traded by owners of these accounts are thousand times that of lots traded in Micro accounts. This is why monthly deductions from Premium accounts in absolute terms are one or two orders of magnitude larger than those from Micro accounts.

The fee is automatically credited to NordFX partner's account after the engaged trader closes their transaction real time.

The partner may not only monitor when bonuses are received (there are filters that screen information for each particular trader, period etc) but also get statistics for the number of clicks on the broker's ad banner put on the partner's Internet resource (again, with access to additional information such as traffic sources, targeting etc).

Any amount of funds earned in the NordFX affiliate program can be withdrawn any time.

NordFX promises its partners fast support on all issues and free provision of advertising materials that are regularly updated.

NordFX holds a high third place in the Forex Brokers' Rating of the . The affiliate program surely is not this broker's main advantage but, of course, has contributed to NordFX appealing image.