Best prop firms with affiliate program
Best prop firm with affiliate program is SurgeTrader
The best prop firms with affiliate programs are:
SurgeTrader: Earn a 20% commission on all initial accounts
FTMO: Get commissions from 8% up to 20% of first paid FTMO Challenge price
FundedNext: Industry-highest commission of up to 15% for affiliates
The 5%ers: Earn a 10% commission for every new trader referral
City Traders Imperium (CTI): Get a 20% commission for each referral made
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In the world of proprietary trading, prop firms with affiliate programs provide a unique opportunity for individuals to not only engage in trading but also earn commissions by referring new traders to these firms. With the growth of online trading platforms, prop firms have recognized the value of expanding their reach through affiliate partnerships. By joining forces with these prop firms, affiliates can tap into the potential for passive income while promoting reputable trading services to a wider audience. In this article, the TU experts will explore some of the best prop firms that offer affiliate programs, discussing their features, and their commission structures.
What is a prop firm affiliate program?
A prop firm affiliate program establishes a collaborative alliance between an individual or an organization, known as the affiliate, and a proprietary trading firm, commonly referred to as the prop firm. This partnership entails the affiliate promoting the prop firm's services and earning a commission for each successful transaction or new client they refer to the prop firm. Such programs are frequently employed by online prop firms as a means to expand their reach, attract fresh traders, and diversify their customer base.
How do affiliate prop firms work?
In essence, an affiliate program represents an agreement between an individual and a prop firm, wherein the individual enlists members using a unique link, and in return, they receive a portion of the revenue generated from each sale facilitated through their referrals.
Affiliate programs can be found across various industries, often labeled as "refer a friend" schemes or similar concepts. Within the prop trading sector, these programs typically offer commissions ranging from 5% to 25%, presenting affiliate partners with a lucrative income source.
Best affiliate prop trading firms in 2024
SurgeTrader
SurgeTrader offers one of the most competitive Affiliate Sales program in the prop trading industry. By joining their affiliate program, you can help your network gain access to trading capital while earning a generous 20% commission on all initial accounts. Getting started is simple; just complete the registration form provided. Once registered, you'll receive all the necessary information, including preformatted emails, social media posts, logos, banners, videos, and more, to start sharing the SurgeTrader opportunity with your network.
The SurgeTrader pricing model caters to a wide range of traders, with base accounts starting as low as $250 and higher-tier accounts priced at up to $6,500 for $1 million accounts. As an affiliate, your commissions can reach up to $1,300 for a single transaction, including popular account upgrades. Affiliates are paid promptly at the beginning of each month for all payable affiliate fees. Commission eligibility is determined thirty days after the purchase to account for any cancellations or chargebacks, ensuring fair compensation.
FTMO
FTMO rewards affiliates for every new and organic trader referred through their unique link. Affiliates can earn commissions ranging from 8% up to 20% of the first paid FTMO Challenge price for each referred client. The FTMO Affiliate program features four partnership levels that can be achieved on a monthly basis by referring new traders. As you refer more clients, you can reach higher levels, with each level offering a different commission percentage.
What’s unique is that FTMO goes the extra mile for their top partners. When you meet the requirements for the Gold or Platinum level, you receive either a $50,000 or $100,000 FTMO Challenge for free. This allows you to either pass the challenge to another trader or use it for a giveaway to your clients, enhancing the value you can offer as an affiliate.
FTMO provides unique URL links, referral codes, and banners for their affiliates to facilitate different methods of recommendation. As an affiliate, you'll have access to comprehensive information not only about FTMO but also about Forex and trading in general. This ensures you have the knowledge and resources necessary to effectively promote FTMO to your audience.
FundedNext
FundedNext offers an industry-high commission of up to 15% for their affiliates. Signing up as an affiliate is quick and easy, and you can start sharing your affiliate link right away to earn substantial commissions.
The firm has developed a streamlined process for affiliate commission withdrawals. Simply submit your withdrawal request from the dashboard, and you can collect your commissions instantly, ensuring you receive your earnings promptly.
The 5%ers
With The 5%ers, there are no limits to the number of new traders you can refer as an affiliate. Each new trader who signs up and pays for the program in full through your referral link will earn you a commission of 10%. The reward is paid out once the payment is cleared, and if it exceeds $150, an invoice is requested for payment processing.
City Traders Imperium
City Traders Imperium (CTI) presents an enticing affiliate program that allows you to secure a 20% commission for every referral. By endorsing CTI Funded Trader Programs, you can establish a partnership with a prominent prop firm and transform your recommendations into a reliable source of income. Commissions are disbursed on a monthly basis, ensuring ample time to account for potential cancellations or chargebacks.
Here's of quick overview of the affiliate programs discussed above:
| Prop Firm | Commission Rate |
|---|---|
SurgeTrader |
Assets for copy trading 20% on all initial accounts |
FTMO |
Assets for copy trading 8% to 20% of first paid FTMO Challenge price |
FundedNext |
Assets for copy trading Up to 15% commission |
The 5%ers |
Assets for copy trading 10% commission |
City Traders Imperium |
Assets for copy trading 20% commission |
How to become a prop firm affiliate?
To embark on a journey as a prop firm affiliate, it is important to follow a series of steps:
Familiarize yourself with the concept of a prop firm affiliate program:
Gain a comprehensive understanding of how affiliate programs operate. Essentially, you will be signing up members using a designated link and earning a percentage of each sale. Commission rates typically fall within the range of 5% to 25%
Apply to the prop firm's affiliate program:
To become an affiliate, you must submit an application to the desired prop firm's affiliate program. This application typically involves providing accurate information about yourself or your organization. Once approved, you will receive a unique Affiliate ID, which will be integrated into the URLs used to promote the prop firm. This ID plays a crucial role in tracking referral sources and determining the commissions owed to you as an affiliate
How to choose the best prop trading firm with an affiliate program?
When selecting the best prop trading firm to partner with as an affiliate, consider the following key points:
Reputation and track record:
Research the prop trading firm's reputation and track record in the industry. Look for established firms with a solid history of success and positive reviews from traders and affiliates. A reputable firm is more likely to provide a reliable and profitable affiliate program
Commission structure and rates:
Evaluate the commission structure and rates offered by the prop trading firm. Compare different firms and consider the percentage of commissions you can earn per referral or sale. Look for competitive rates that align with your income goals
Affiliate support and resources:
Assess the level of support and resources provided to affiliates by the prop trading firm. A good affiliate program should offer marketing materials, tracking tools, and dedicated support to help you succeed. Consider the availability of educational resources and training materials that can enhance your marketing efforts
Product and service quality:
Examine the quality of the prop trading firm's products and services. It's important to promote a firm that offers valuable and reliable trading platforms, tools, and resources to potential clients. High-quality products and services increase the likelihood of attracting and retaining traders through your affiliate efforts
Transparency and payment terms:
Review the prop trading firm's transparency and payment terms. Ensure that the firm has clear and transparent policies regarding commission calculations, payment schedules, and methods. Look for prompt and reliable payment processes to ensure you receive your earnings in a timely manner
What are the benefits of becoming an affiliate with a prop firm?
Engaging in an affiliate partnership with a prop trading firm offers numerous benefits worth considering. Let's explore some of these advantages:
Passive income:
Once you put in some initial effort, you can expect to generate recurring income without being tied to your screen for hours on end. The beauty of affiliate marketing lies in the ability to earn money even while you sleep!
Easy joining process:
Many prop firms have open doors for anyone interested in their affiliate programs. Joining is often as straightforward as completing a simple signup form. However, bear in mind that certain firms may require you to have an existing audience
Low or no initial investment:
One of the appealing aspects of affiliate marketing is the ability to start without spending a significant amount of money. While a small budget can enhance your opportunities (around $50-$100 is generally sufficient), it is not an absolute requirement to get started
Low risk:
Unlike trading, which can involve substantial risks, affiliate marketing poses minimal risk. By promoting the prop firm's services, you don't have to worry about market fluctuations or financial losses
Flexibility to work from anywhere:
Similar to trading, affiliate marketing provides the freedom to build and manage your business from any location around the globe. This flexibility allows you to enjoy a lifestyle that is not bound by traditional office constraints
What are the methods to bring in more traders?
To expand your reach and attract more traders as a prop firm affiliate, employ the following effective methods:
Establish a blog or website:
Create a blog or website where you can share informative and engaging content related to trading. Focus on topics that interest you and provide value to your target audience. Utilize search engine optimization (SEO) strategies to drive organic traffic to your site and incorporate your affiliate links strategically
Engage in guest blogging:
Contribute high-quality content to established trading blogs or websites. Many platforms welcome guest contributors and allow you to include your affiliate links within your articles. This approach helps you tap into existing audiences and gain visibility among traders
Build a social media community:
Leverage social media platforms to build a community around your expertise and trading knowledge. Create a Facebook group, a Reddit subreddit, a Telegram channel, or a WhatsApp group where traders can connect, share insights, and seek advice. Ensure you provide valuable content and foster engagement within the community
Harness the power of paid advertising:
Opt for allocating funds towards paid advertising initiatives, like pay-per-click (PPC) campaigns, to enhance your visibility and captivate specific traders. Take advantage of platforms such as Google Ads or social media advertising networks to broaden your reach and direct potential traders to your affiliate links
Develop tools or calculators:
If you possess programming skills, consider creating tools or calculators that assist traders in their decision-making process. Embed your affiliate links alongside these tools, providing added value to traders and increasing the chances of conversions
Offer trading guides or courses:
If you have expertise and a profitable trading background, develop comprehensive trading guides or courses to share your knowledge. Include your affiliate links within these educational resources, allowing traders to easily access the prop firms you are affiliated with
Answer questions on Quora:
Engage with the trading community on Quora by providing helpful and informative answers to relevant questions. Establish yourself as a knowledgeable authority and incorporate your affiliate links where appropriate, guiding users to suitable prop firms
FAQs
What is the best prop firm to use?
The best prop firm to use depends on individual preferences and requirements.
How do I join a prop trading firm?
To join a prop trading firm, typically, you need to go through an application process and meet their specific criteria.
Is it good to trade with prop firms?
Trading with prop firms can have advantages such as access to capital, technology, and support, but it is important to research and choose a reputable firm.
Do prop firms really pay out?
Yes, reputable prop firms do pay out commissions and profits to their traders and affiliates.
Methodology for compiling our ratings of prop firms
Traders Union applies a rigorous methodology to evaluate prop companies using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.
Key aspects of the assessment include:
Trader Testimonials and Reviews. Collecting and analyzing feedback from existing and past traders to understand their experiences with the firm.
Trading instruments. Companies are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Challenges and Evaluation Process. Analyzing the firm's challenge system, account types, evaluation criteria, and the process for granting funding.
Profit Split. Reviewing the profit split structure and terms, scaling plans, and how the firm handles profit distributions.
Trading Conditions. Examining leverage, execution speeds, commissions, and other trading costs associated with the firm.
Platform and Technology. Assessing the firm's proprietary trading platform or third-party platforms it supports, including ease of use, functionality, and stability.
Education and Support. Quality and availability of training materials, webinars, and one-on-one coaching.
Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.