Broker affiliation is a marketing tool where one person refers another to a company in return for a reward. This reward is usually financial and an online affiliate can receive an excellent return on investment.
But more on the profitability of becoming an affiliate later.
In a broker affiliate network, an affiliate refers a potential trader to an online broker. When this potential trader clicks on a marketing tool, such as a link or banner provided by an affiliate, the referral is logged and the trader subsequently registers to trade with that broker. That trader is then earmarked as the affiliate’s client.
An affiliate is simply a type of introducing broker who does not have any sales staff or a bricks and mortar office. Instead, the affiliate makes client referrals through websites. One area that has seen huge interest and investment in recent times is the opportunity to become a binary options affiliate.
Binary options are classified as exotic options, which is a confusing name choice as they are simple to understand and to trade with. Binary options, also known as Fixed Return Options (FROs), give traders online access to the markets without the usual complexities associated with financial instruments.
When trading binaries, the trader must decide on the direction of an asset’s price, the investment amount and the expiry time of the trading window. The trader does not have to worry about tiny shifts in the price, as even a single pip in the right direction can earn him or her a fixed return on the trade.
The binary options market is highly accessible as it is open to anyone who would like to trade. Most brokers only ask traders to place a small initial deposit to open a live trading account for a very high potential return.
The simple fact is that becoming an affiliate gives you the opportunity to boost your monthly income from the comfort of your own home. Many affiliates reap the financial benefits of joining such a scheme and enjoy the flexibility it offers in terms of working hours and the ability to choose who you work with.
Traders love binary options because they are extremely simple to learn and trade. They do not have to know the fine details on market movement, just market direction. Regardless of the direction the markets move in, the returns are fixed so any investment risk is quantified.
There are no fees or commissions payable to the broker for trading with binary options and the cost components are already built in to the pricing structure.
Binary options are extremely flexible as traders can access any asset sectors, such as commodities, equities, forex or indices.
Becoming an affiliate for a single broker, or several, is a simple process that can take less than five minutes. There are now several online broker affiliate networks and, although each program has their own approval criteria, they are normally free to join, with no prerequisites.
An established online broker affiliate network is a great way to become an affiliate. Simply put, this means that someone else has done the hard work of finding reputable brokers and creating a fully tested system that is easy to use, accessible and, importantly, has a reliable deposit and withdrawal system. Try to find a program with an intuitive interface that you can access from a range of devices, again, giving you the freedom to update your investments and boost your return from any location.
If you are new to the world of broker affiliation, try a publisher that allows you to use a demo system so that you can try before you buy and also does not ask you to put down a large deposit when you are ready to start the process.