How does ForexChief's affiliate/IB program work?

What is ForexChief’s affiliate program?

Affiliate programs initiated and actively promoted by brokers are very popular among adherents of “remote” earnings. It should be noted that every year there are more and more such projects.

Undoubtedly, such dynamics are directly related to the growth of general interest in the market and the opportunities for speculative earnings that this market provides to everyone who wants to realize themselves in this business. Meanwhile, the specificity of almost all partner programs from brokers is such that these projects are directly guided by brokers to develop infrastructure and attract new traders (investors) to this area of ​​business.

We can say that such partnership programs open up earning opportunities for those who wish to receive income from the very fact of the existence and functioning of the market, that is, to earn money without carrying out any trade or investment operations on the market.

Thus, the implementation of various types of partnership programs is of interest to both brokers who initiate such offers and partners who take part in these projects. Partners get the opportunity to earn decent money by applying their abilities in practice to certain activities that are in demand within the framework of relevant programs. The practice of implementing such partnership programs helps brokers to successfully promote their services and strengthen their own positions in target markets, improving service potential and thereby increasing the degree of customer loyalty – both existing and potential.

ForexChief offers its partners favorable and transparent conditions, aimed at both experienced traders who want to have additional income and webmasters without trading experience. Particular attention in the affiliate program is paid to projects connected under the White Label scheme, which allows you to create your own unique broker in the shortest possible time and with minimal costs.

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How to make money as an affiliate of ForexChief?

Being a trader is not an easy task and not everyone is able to achieve a stable income by speculating in investment assets. The market is vast and in addition to the possibility of earning income from trading operations, it provides many alternative earning options. One of these options is an affiliate program, the essence of which boils down to attracting traders to a partner company and receiving remuneration for this. The methodology for calculating remuneration and methods of attracting customers may be different, but it is important to note that participation in an affiliate program allows you to achieve a stable income without making a single trade.

Distinctive features of the ForexChief affiliate program are a progressive scale of remuneration, depending on the trade turnover of the attracted client, and a system of weekly payments. There are no hidden conditions for the partner, such as “minimum trade duration” or “minimum difference between the open and close price of an order” (MTP). By becoming a ForexChief partner, you will be guaranteed to receive a reward for every trade made by the attracted client. The general concept of the program is based on the calculation of the rate of interest per 1 million USD of turnover, while for each order the perfect turnover is taken into account both when opening and closing a position.

Taking into account the current level of development of information technologies, ForexChief does not focus the attention of potential partners on the method of attracting customers and does not establish the dependence of remuneration rates on the type of partner (Internet project, representative office in the region, training center or individual agent). Ultimately, trading turnover is of key importance, on which the amount of remuneration depends, and each partner has the right to independently determine the economic efficiency of one or another method of attracting traders. But regardless of the chosen path, ForexChief provides the partner with all the necessary support in business development, using an individual approach to each project.

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Details of ForexChief’s IB Pro program

The IB Pro (Introducing Broker) affiliate program is designed for both professional participants in the financial services market and individual traders, whose income part is formed not so much through trading operations, but on the basis of the agent’s remuneration received for attracting clients to a partner company.

A distinctive feature of the ForexChief affiliate program is that the partner’s remuneration consists of two parts: a CPA model remuneration of up to $ 300 for each attracted client, and the subsequent “eternal” remuneration for the client’s turnover , calculated on a progressive scale – the higher the turnover, the higher the remuneration, etc.

• CPA reward up to $ 300 for each attracted client.
• “Eternal” remuneration and an unlimited amount of payments for the turnover of each attracted client.
• There is no condition on the minimum difference between the opening and closing prices of a position (MTP).
• There is no condition on the minimum time interval between opening and closing a position.
• Progressive rate scale for calculating remuneration per turnover.
• The program works for all types of accounts on the MetaTrader 4 and MetaTrader 5 platforms.

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How ForexChief’s IB Pro program works

Here is how ForexChief’s IB Pro program works.

1. After registration in the Personal Account, a special affiliate link appears
2. Traders who register using such a link are linked to a partner
3. Traders deposit and generate affiliate referral trade
4. The partner simultaneously receives payments for the CPA model and for the referral turnover

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CPA Model of ForexChief’s affiliate program

For each attracted client, the partner receives not only an endless reward for the turnover but also a one-time payment of up to $ 300.
Payments on the CPA model are available only to partners who have at least 5 attracted clients with a trading history. If the partner does not yet have such a number of referrals, then the payment will be made later, as soon as the condition is met.
The amount of CPA remuneration is equal to the amount of only the First deposit of the attracted client, but cannot exceed $ 300 per client.
In order for a partner to be able to withdraw CPA reward, the attracted client must make a turnover calculated by the formula:
Required turnover = CPA reward in USD * 20,000
As soon as the turnover is completed, the amount of CPA reward will become available for withdrawal.

For example, the attracted client has topped up his account for the first time in the amount of 100 USD, in this case, the CPA reward for this client will be 100 USD. The partner will be able to withdraw this amount as soon as the client makes a turnover of 100 * 20,000 = $ 2,000,000 (by MetaTrader standards, about 8 EURUSD lots)

The current status of settlements for each attracted client can be found in the Personal Account in the section Attracted clients.
The company reserves the right to terminate the partnership agreement at any time without giving any reason. At the same time, the company remains the obligation to pay remuneration for the turnover of previously attracted clients.

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ForexChief’s White Label Program

White Label is a special type of affiliate program that allows you to create your own broker based on the existing ForexChief technological infrastructure with minimal financial resources. Given the high licensing costs, the complexity and cost of developing proprietary technologies, as well as the high level of competition in the market, the White Label program is the optimal solution for young companies just planning to enter this market. WL is also a viable solution for large institutional brands seeking to outsource some of their business processes.

When prioritizing certain resources for their business, not every partner fully realizes that the key to creating a successful broker is not the volume of capital investments or confidence in the demand for such services, but the experience of competitive struggle, which few emerging brands can boast of. … ForexChief offers its partners, not just a client terminal and an “encouraging pat on the shoulder”, but strives to build a communication channel for the transfer of experience and knowledge, counting on many years of cooperation and joint business development.

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