In this guide, we reveal:
- Best high-ticket, recurring Forex affiliate programs, and networks available to South Africans.
- Best once-off CPA deals for qualified sign-ups up to $800
- Sign up process is explained and how to earn up to 60% commission per active trader you refer via your unique link.
Best of all signing up is 100% Free – Sign Up, Get a Unique link, Promote the Link, and See money coming into your broker dashboard*
What does forex affiliate referring entail?
Forex Affiliate Programs allow Forex affiliates to promote brokers’ brands and earn lucrative commissions on each trader they refer via their affiliate link. Some forex affiliates make up to $200 000 per month, simply by aggressively recruiting traders. Best of all, affiliates do not have to offer support to traders on a day-to-day basis.
Our professional team of current and ex-full-time forex traders has compiled the best of the best list of broker affiliate programs with high affiliate commissions. We reveal the highest and best-paying affiliate programs on forex and CFD brokers.
10 Best and Highest Paying Forex Affiliate Programs (2023):
- ☑️Exness – Best Same day affiliate payouts
- ☑️AvaTrade – Up to 50% spread commission
- ☑️HF Markets – Up to 70% commission on fees and spreads
- XM – Best Global Affiliate program in 30+ languages
- RoboForex – 40%+ affiliate commission for new traders
- Tickmill – World-class support for Introducing Brokers
- Plus500 – $800 CPA+ for new traders
- Pepperstone – Flexible Payout terms
- IFX Brokers – Best African Affiliate Program
- Markets.com – Up to $500 CPA
There are a variety of Forex affiliate programs to choose from, and the best ones generally provide commission rates that are far higher than the competition.
Exness
Exness offers traders an affiliate program where traders can earn up to $1850 commission for each user that becomes an active client. Exness also offers an Introducing Broker Program for traders where you can earn up to 40% of the revenue from every active trader you refer to them.
Exness offers up to $45 for every registration, depending on the country and the platform.
How to open an Exness affiliate account
Step 1 – Click on the “More” tab at the top menu of the Exness website then click on “Partnership Program”.
On the Exness website locate the “more” tab at the top menu bar then click on the “Partnership Program” tab.
Step 2 – Click on the “Start Now” button.
After clicking on the “Partnerships Program” tab you can click on the “Start now” button located in the middle of the page.
Step 3 – Fill in the form
Fill in all your required personal details to complete the form.
The affiliate account has been created.
Exness Pros and Cons
| ✔️ Pros | 🔴 Cons |
| ✔️ Regulated by both CySEC and FCA | 🔴 No multi-currency accounts available |
| ✔️ Client funds kept in segregated accounts | |
| ✔️ Dealing-Desk Broker | |
| ✔️ Tight spreads | |
| ✔️ 130+ Currency Pairs with Multiple Trading Platforms |
AvaTrade
AvaPartner’s affiliate network consists of over 70,000 partners in more than 150 countries worldwide.
AvaTrade offers 4 affiliate programs:
️ CPA
️ RevShare
️ Dynamic CPA
️ Master Affiliate
CPA
Get a fixed payment for every client you refer to AvaTrade. The CPA commission structure guarantees a consistent rate for every new investing trader.
RevShare
RevShare is a long-term partnership where you can continue to receive your revenue share as long as your referral keeps trading.
Dynamic CPA
If you bring bigger clients, you can choose the program which will give you a certain percentage of the trader’s First Time Deposit.
Master Affiliate
Get paid for your clients’ traffic and trading, as well as a fixed percentage of your sub-affiliates performance.
How to open an AvaTrade affiliate account
Step 1 – Click on the “Partners” tab at the top menu of the AvaTrade website.
On the AvaTrade website locate the “Partners” tab at the top menu bar then click on it.
Step 2 – Click on the “AvaTrade’s affiliate program” link.
After clicking on the “Partners” tab you can click on the “AvaTrade’s affiliate program” link located around the middle of the page.
Step 3 – Click on the “Become a Partner” button.
The “AvaTrade’s affiliate program” link will take you to another URL created for AvaTrade’s partners, click on the “Become a Partner” button.
Step 4 – Fill in the form
Fill in all your required personal details to complete the form.
The affiliate account has been created.
AvaTrade Pros and Cons
| ✔️ Pros | 🔴 Cons |
| ✔️ Easy and Fast account opening | 🔴 Research tools are a little outdated |
| ✔️ Free deposit and withdrawal options | 🔴 Poor phone support |
| ✔️ Educational tools are good | 🔴 Inactivity fee |
HF Markets
HF Markets offers a great affiliate program for traders where you can earn up to $15 per lot.
HF Markets offers a 15% commission for each referral. Joining the affiliate program will also give you access to a personal account manager, free marketing tools to boost your conversion, and an advanced MT4 & MT5 reporting system.
How to open an HF Markets affiliate account
Step 1 – Click on the “AFFILIATES” tab at the top menu of the HFM website then click on “Affiliates”.
On the HFM website locate the “AFFILIATES” tab at the top menu bar then click on the “Affiliates” tab.
Step 2 – Click on the “Become an Affiliate Now” button.
After clicking on the “Affiliate” tab you can click on the “Become an Affiliate Now” button located at the top of the page.
Step 3 – Fill in the form
Fill in all your required personal details to complete the form.
The affiliate account has been created.
HF Markets Pros and Cons
| ✔️ Pros | 🔴 Cons |
| ✔️ Low deposit requirement for new traders with Micro accounts | 🔴 Limited range of instruments |
| ✔️ Lots of premium trader tools available | 🔴 Account opening not the easiest |
| ✔️ Good customer support | 🔴 US clients not accepted |
XM
Because XM has a minimal minimum deposit, it is a good choice for affiliate marketers.
XM’s Partner Program aims to make it possible for everyone to profit from their personal network of contacts. With a commission rate that can go up to $25 for a lot, you can get many commissions from a single client.
Second-tier referrals earn 10% commissions, and the platform is available in 25 languages.
XM assigns a personal account manager to every affiliate that joins as a partner. This will considerably increase your chances of making money from the program. As well as being skilled in the Forex market, these managers are also well-versed in affiliate marketing.
When you become an XM partner, there are no additional costs. In addition to being licensed, the company is regulated, and it has 16 platforms. XM’s deposit incentives and up to 888:1 leverage are only two of the many tools available to help you increase your revenue.
How to open an XM affiliate account
Step 1 – Click on the “Partnerships” tab at the top menu of the XM website.
On the XM website locate the “Partnerships” tab at the top menu bar then click on it.
Step 2 – Click on the “Register a partner account” button.
After clicking on the “Partnerships” tab you can click on the “Register a partner account” button located close to the top of the page.
Step 3 – Fill in the form
Fill in all your required personal details to complete the form.
The affiliate account has been created.
XM Pros and Cons
| ✔️ Pros | 🔴 Cons |
| ✔️ Licensed and Regulated (ASIC, Cyprus Securities and Exchange Commission & IFSC)No banking license | 🔴 No banking licence |
| ✔️ Tight spreads available | 🔴 Increased spreads on the Micro and Standard accounts |
| ✔️ 55+ Currency pairs to trade with | 🔴 No 24/7 Customer support |
RoboForex
RoboForex offers a standard affiliate commission rate of 70% for all affiliate accounts.
Roboforex offers traders a choice between 3 different affiliate accounts:
️ Cent affiliate
️ Pro-Affiliate
️ ECN-Pro Affiliate
The cent account and Pro-Affiliate account both offer a spread of 2.4 pips while the ECN-Pro Affiliate account offers a spread starting from 0 pips.
The cent account and Pro-Affiliate account both offer 28 currency pairs, Cryptocurrencies, and Metals while the ECN-Pro Affiliate account offers 36 currency pairs, Indices, Cryptocurrencies, and Metals.
How to open a RoboForex affiliate account
Step 1 – Click on the “For Partners” tab at the top menu of the RoboForex website.
On the RoboForex website locate the “For Partners” tab at the top menu bar then click on it then click on “overview”.
Step 2 – Click on the “Become a Partner” button.
After clicking on the “For Partners” tab you can click on the “Become a Partner” button located close to the top of the page.
Step 3 – Fill in the form
Fill in all your required personal details to complete the form.
The affiliate account has been created.
RoboForex Pros and Cons
| ✔️ Pros | 🔴 Cons |
| ✔️ Tight spreads from 0 pips | 🔴 Not FCA Regulated |
| ✔️ Fast order execution | 🔴 No fixed spread accounts |
| ✔️ 5 account currencies (EUR, USD, CNY, RUB, GOLD) | 🔴 Don’t accept clients from US, Canada, Australia or Japan |
| ✔️ Micro accounts with the minimum lot size of 0.01 |
|
| ✔️ 8 asset classes |
Tickmill
Tickmill’s affiliate program is called “Introducing Broker”. Introducing Brokers are companies or individuals across the globe who make money by introducing clients to Tickmill. In return for referring clients to Tickmill, they receive a commission.
Tickmill offers $10 per lot on a Classic account and $2 per lot on Pro and VIP accounts. Every Forex and Metals trade generated by your referral will earn you a commission.
You can recommend your clients to open a Pro account and they will get a 5% discount on the commission.
How to open a Tickmill affiliate account
Step 1 – Click on the “Partnerships” tab at the top menu of the Tickmill website.
On the Tickmill website locate the “Partnerships” tab at the top menu bar then click on it then click on “Introducing broker”.
Step 2 – Click on the “Get Started” button.
After clicking on the “Partnerships” tab you can click on the “Get Started” button located close to the bottom of the page.
Step 3 – Fill in the form
Fill in all your required personal details to complete the form.
The affiliate account has been created.
Tickmill Pros and Cons
| ✔️ Pros | 🔴 Cons |
| ✔️ Competitive pricing | 🔴 Limited platform options |
| ✔️ Well regulated | |
| ✔️ High leverage |
Plus500
Plus500 does make an affiliate program available, +500 Affiliates. Affiliates can monetize their traffic and earn commissions by promoting Plus500 on their website.
An alternative way to earn profits with Plus500 is by referring Affiliates to the program. When referring a new affiliate to 500Affiliates you’ll receive 10% of their monthly commissions.
How to open a Plus500 affiliate account
Step 1 – Click on the “Company” tab at the top menu of the Plus500 website.
On the Plus500 website locate the “Company” tab at the top menu bar then click on it then click on “Affiliates”.
Step 2 – Click on the “Join Now” button.
After clicking on the “Affiliates” tab you can click on the “Join Now” button located close to the top of the page.
Step 3 – Fill in the form
Fill in all your required personal details to complete the form.
The affiliate account has been created.
Plus500 Pros and Cons
| ✔️ Pros | 🔴 Cons |
| ✔️ User-friendly platform | 🔴 Lack of in-depth research tools |
| ✔️ Listed on the London Stock Exchange | 🔴 Only an average educational section |
| ✔️ Low trading fees | 🔴 Limited product range. Only CFD |
Pepperstone
Pepperstone affiliate partners can earn up to $1,300 per client acquisition. Pepperstone provides a multi-tiered CPA structure with the flexibility to suit a diverse range of affiliate setups.
Pepperstone also provides a dedicated account manager where you can manage all your affiliates and earn on every referred customer.
How to open a Pepperstone affiliate account
Step 1 – Click on the “Refer a friend” tab at the top menu of the Pepperstone website.
On the Pepperstone website locate the “Refer a friend” tab at the top menu bar then click on it.
Step 2 – Click on the “Join Now” button.
After clicking on the “Refer a friend” tab you can click on the “Join Now” button located at the top of the page.
Step 3 – Fill in the form
Fill in all your required personal details to complete the form.
The affiliate account has been created.
Pepperstone Pros and Cons
| ✔️ Pros | 🔴 Cons |
| ✔️ Account opening is fast and fully digital | 🔴 Only Forex, CFDs, and crypto |
| ✔️ Majority clients belong to a top-tier authority | 🔴 High bank withdrawal fee outside EU/Australia |
| ✔️ Low Forex and equity index CFD fees | 🔴 High financing rate for CFDs |
| ✔️ Low non-trading fees | 🔴 Basic news flow, no fundamental data |
| ✔️ No deposit fee | 🔴 Does not hold a banking license |
| ✔️ Great customer service | 🔴 Not listed on the stock exchange |
| ✔️ Seamless and free deposit and withdrawal | 🔴 Financial information not publicly available |
IFX Brokers
The IFX Partnership Program allows you to generate income without any capital outlay. Commissions are paid up to USD12 per round standard lot, the more your affiliates grow the higher your commission will grow.
IFX Brokers also provides a management account called “myiFXPartners” where you can keep track of your personal data, client trading outcomes, commission and profit anytime that suits you.
Rebates are credited to your account instantly and withdrawable daily, weekly, and monthly
How to open an IFX Broker affiliate account
Step 1 – Click on the “Company” tab at the top menu of the IFX Broker website and then click on “Partner with us”.
On the IFX Broker website locate the “Company” tab at the top menu bar and click on it then on the dropdown click on “Partner with us”.
Step 2 – Click on the “Become a partner” button.
After clicking on the “Partner with us” tab you can click on the “Become a partner” button located at the top of the page.
Step 3 – Fill in the form
Fill in all your required personal details to complete the form.
The affiliate account has been created.
IFX Broker’s Pros and Cons
| ✔️ Pros | 🔴 Cons |
| ✔️ MT4 & MT5 trading platforms | 🔴 1:500 leverage |
| ✔️ Educational resources | 🔴 No USA clients |
| ✔️ A range of useful trading tools | 🔴 No FIX API trading |
| ✔️ 4 Account types to choose from | |
| ✔️ Sophisticated Ticket support system | |
| ✔️ 200+ Instruments | |
| ✔️ Competitive Spreads |
Markets.com
Markets.com provides traders with the option to partake in the Refer a Friend initiative. Under this promotion, participants will receive revenue sharing or CPA up to 30-50% for every client referred to Markets.com. However, this program is not available in jurisdictions where such promotions are banned by financial regulators.
Markets.com Pros and Cons
| ✔️ Pros | 🔴 Cons |
| ✔️ Well regulated broker | 🔴 Low leverage |
| ✔️ Excellent trading platforms | 🔴 Processing times are the same as other brokers |
| ✔️ Wide range of instruments | |
| ✔️ Fast execution | |
Conclusion
Overall, choosing the best affiliate program for you can be difficult but after reading our detailed overview of the best forex broker affiliate program you can easily make your own summary on the best paying affiliate broker.
The procedure is straightforward. After signing up for one of these sites, you will receive a unique affiliate link.
You post a link to this page on your website or on your social media accounts. To earn money, you need to get people to click on the link and then register and pay money into their account after they’ve done so.
FREQUENTLY ASKED QUESTIONS
What are the advantages of Forex Affiliate programs?
Advantages of Forex Affiliate programs include enjoying personalized support, free training and marketing tools, solutions that are customized according to your business requirements, reaping the benefits of a good partnership, eg. increasing your commissions.
How much money can be made with Forex Affiliate programs?
How much money can be earned with a Forex Affiliate program largely depends on the number of referrals that you can convert. By partnering with a regulated, reputable broker with an easy sign-up process and good, easy to use systems, a skilled Forex Affiliate can make hundreds of thousands of rands/dollars a month on commission alone.
What is the most important factor to consider when choosing an Affiliate program partner?
The two most important factors to be considered are Regulation and Reputation. The Affiliate program you choose should be transparent in the way that trades are reported and payments are calculated.
Is a CFD broker a good choice for an Affiliate program partner?
Yes, because CFDs offer leverage, traders and investors are able to trade more actively than by simply owning shares of a company. There is more trading activity in their trading accounts as a result of more movement in and out of trades.
Is an excellent knowledge of forex trading a pre-requisite to joining an Affiliate program?
No, you do not need to now all the details or complexities of forex trading as you will mainly be sending prospective clients to the brokerage firm who will pick up the forex conversation there.
Featured SA Shares Writer and Forex Analyst.
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