How to Become a Successful Partner of a Forex Broker? RoboForex

Again, we see a Fibonacci resistance level that provides an excellent exit point. Note that we could break this trade into smaller trafficbroker trades on the hourly chart. In Figure 2, above, we can see that a multitude of indicators are pointing in the same direction.

By implementing these strategies, you can attract potential clients and establish yourself as a credible authority in the field. Experienced forex traders can be all-star clients for your brokerage, providing not just a steady source of business but also mentorship to new traders and marketable advice content. PRODUCT OFFERINGS & FEES
Experienced traders will expect competitive options in the usual places like low deposit requirements, spreads, interest rates on capital, etc. Where you can distinguish yourself from competitors is with creative incentivizing. Some brokers use fees policies to discourage inactive trading accounts or provide bonuses and build high ticket value trading competitions to encourage more activity in a given period.

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By working with various partners, you can significantly expand your client base. Additionally, well-established partnerships will make your brokerage business more recognizable. Any information contained in this site's articles is based on the authors' personal opinion. These articles shall not be treated as a trading advice or call to action.

The key advantage of this method of promoting is non-payment for the creation and maintenance of pages and profiles (of course, if you’re ready to do all this by yourself). Expenses incurred by a partner for their social network pages are advertising costs and the time that they spend on posting signals, news, and other materials. By doing this, you'll build a relationship https://www.xcritical.in/ with your audience, which will make them more likely to trust you and your services. Soft-FX is a software development and integration company and does not provide financial, exchange, investment or consulting services. You don't have to run an entire SMM department, but social media can be a great intelligence channel for your Forex broker marketing plan.

Offer excellent trading tools

It’s always best to make decisions based on data, so the more ideas, theories, and marketing products you can put in your A/B promo testing, the better. Also, identifying the social platform where most of your users are located can provide you with quite a few useful insights into new ways to interact with your target audience. Look into any successful forex and CFD broker, and you’ll probably find a successful IB and affiliate system. The financial market industry is seeing tremendous growth, which is good news for brokers, but the flip side of this increase is the rising marketing costs for operators.

• The Forex trading atmosphere has seen a lot of changes in recent decades due to the global economic condition and new regulations.
• The key advantage of this method of promoting is non-payment for the creation and maintenance of pages and profiles (of course, if you’re ready to do all this by yourself).
• You can learn a lot about this subject by talking to client retention agents.
• Creating opportunities for honest and open mentorship within your brokerage is an effective way to recognize and reward experienced, savvy traders.
• Therefore, it's important to first approach forex trading through a careful, medium-term strategy so that you can avoid larger players and becoming a casualty of this market.

TOP-NOTCH CUSTOMER EXPERIENCE
Experienced traders are not likely to stick with a broker whose technology and customer relations are clunky or unreliable. As much as possible, integrate your forex client portal system with popular trading platforms, payment service providers and use a Forex CRM that helps your team provide better client experiences. PAMM accounts are also a great way to attract a new category of investors, who are passionate about the foreign exchange market but do not have time or opportunity to engage in trading directly. It is possible to find a suitable activity to match the resources or technological capabilities of almost any FX business. Every FXOpen client has access to a vast knowledge base and media content that covers all levels of Forex trading, from introductory explanations to advanced concepts like algorithmic trading.

One of the main reasons why traders are hesitant to open and fund an account is the absence of regulatory documents on the broker’s website that outline the client-broker relationship. Creating an affiliate website includes buying a domain, choosing a hosting, developing a website, optimizing content for search queries, and updating the content actively on a daily basis. This method is surely the most labour-consuming for a partner and requires both time and money to pay for website creation and maintenance.

In this blog, we'll explore the benefits of using social media to market your Forex trading services, including increased reach, improved engagement, targeted advertising, and more. You can also bring in your content resources to create some PR on the back of that and obtain publicity by providing newsworthy content for the media. Copy trading is popular among traders and investors and is a great way to increase your broker’s FTD numbers and upsell existing clients. One important thing to realise is a forex white label partnership with the right provider will help out in this respect.

When clients feel that they are being attended to, they are more likely to make the decision to utilize the broker’s services. This is supported by a recent report from Econsultancy, which states that 79% of customers prefer to ask questions through a chat feature on a company’s website because they receive faster responses. We recommend installing different financial widgets on secondary pages of the brokerage website that contain market information or details about the trading platform. Choose a suitable widget by referring to the «Top 13 Financial Widgets for Broker Websites» article.

In return, a company pays a partner their affiliate commission for attracted active clients. To become a partner is very easy – just register and receive a link for attracting new traders. In conclusion, social media provides numerous benefits for Forex trading businesses to attract clients. Social media offers increased reach, cost-effectiveness, improved engagement, targeted advertising, brand awareness, analytics and insights, and a competitive advantage.

The PLUGIT Money Management Module features MAM, PAMM, and Signals. This software lets you attract and retain more clients and generate additional revenue from copy trading fees and commissions. Also, after verification you will receive all further instructions.

InstaForex has developed a wide range of different tools to attract new clients. Thus, for instance, InstaForex holds a great variety of competitions for traders with an annual prize pool of more than $500,000. Apart from this, the company offers its business friends a range of bonuses for both opening a live trading account and its replenishment. Joining forex forums and communities is an excellent way to connect with other traders and potential clients. You can participate in discussions, offer advice, and showcase your expertise. This will help you establish yourself as a credible authority in the field and attract clients who are interested in your services.

The most important and practical trick from the currency trading secrets is to keep your chart clear. This of course does not mean that you should avoid the placement of the technical indicators and oscillators, it just means that every indicator on your chart should have a clear purpose and aim. This will help you to focus on the important aspects of your trade and not get sidetracked by too much information. In Figure 3, above, we can see many indicators that point to a long position. We have a bullish engulfing, Fibonacci support and a 100-day SMA support.

There is a bearish head-and-shoulders pattern, a MACD, Fibonacci resistance and bearish EMA crossover (five- and 10-day). This trade is good for 50 pips and takes place over less than two days. On the other hand, it is no news that every new FX broker is diving into a saturated market. If you belong to the administrative team of a Forex broker company, the strategies in this write-up will be a great guide for you. Forex brokers know how easy it is to reach a large-scale audience in this interconnected world.