Best stock broker affiliate programms in 2024
Best stock affiliate program - eToro Affiliate
Top stock brokerage affiliate programs:
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eToro - more than 50 million paid affiliates;
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RoboForex - popular for revenue share of up to 70%;
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Degiro - as reputable as it is lucrative, with members earning EUR 25 per light lead;
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Interactive Brokers - $200 per referral;
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Revolut - members can earn up to £500 in commission.
For investors and traders, the stock market will continue to be an exciting place to be in 2023. As market interest grows, more alternatives for earning extra money from one's knowledge have developed. Stock market affiliate programs enable individuals to collaborate with prominent brokers, assisting them in expanding their client bases while receiving a commission on new account signups.
Affiliate marketing is becoming increasingly popular among forex brokers. Brokers can efficiently attract new traders by establishing an affiliate program and leveraging existing communities and audiences. These programs enable affiliates to create passive revenue by marketing broker platforms and collecting cash bonuses each time a referred trader funds an account.
In this article, we will look at some of the best affiliate programs available from big brokers in 2023.You can now choose the ideal programs to sign up for according on their strengths and aspirations by looking into their structures and payout options.
Start investing in stocks now with eToro!What is a stock market affiliate program?
A stock market affiliate program is a type of promotional campaign used to drive traffic to an online brokerage or trading platform. These programs allow affiliates to earn commissions by referring customers who sign up for the service.
The aim of these campaigns is twofold. First, it helps increase brand awareness and visibility for the broker or trading platform. By partnering with affiliates, the broker is able to reach a wider audience, potentially leading to more customers and higher profits. Second, these programs offer affiliates an opportunity to earn additional income. As an affiliate, you can earn a commission for every customer that you refer to the broker.
These programs typically involve affiliates promoting the broker or trading platform through various channels such as social media, websites, and email. Affiliates track their referrals using unique links, coupons, or other forms of identification. Once customers are referred to the trading platform and complete the registration process, affiliates receive a commission for the referral.
There are several types of stock market type affiliate programs available. The most common type is called cost-per-action (CPA). This program pays affiliates a set commission for each referral that signs up and trades on the platform. Other stock market affiliate programs may use revenue sharing, which pays affiliates a percentage of the trading fees generated from referred customers. Some stock market affiliate programs also offer bonuses when customers complete certain trading activities.
Best Forex Affiliate ProgramsTop 10 stock brokerage affiliate programs in 2024
Most top-tier stock brokers offer affiliate programs to help drive more customers to their platforms.
Top ten stock broker affiliate programs in 2023 are:
eToro
RoboForex
Degiro
Interactive Brokers
Revolut
eOption
M1 Finance
SoFi invest
Webull
ZeroDHA
eToro
eToro is one of the world's leading FX and cryptocurrency brokers, making their affiliate program extremely lucrative. Their program called "Popular Investor'' has over 50 million paid affiliates.
To make money from the program, simply promote eToro banners and links on your website/social channels.
Depending on their tier plan, affiliates can receive commissions; those in the regular tier plan receive a monthly revenue share of 25%. In hindsight, you can get up to $200 for each funded account that you promote, with a $500 minimum deposit.
RoboForex
RoboForex is a reputable forex and CFD broker that offers services to traders all over the world. The RoboForex Affiliate program is unique in that it offers unlimited potential lifetime earnings for each client.
You may market RoboForex's wide range of trading services, such as Forex, stocks, cryptocurrencies, and more, by participating in their affiliate program. To improve your affiliate marketing efforts, you'll get access to a variety of marketing resources and sophisticated tracking tools.
Through their affiliate program, partners can get paid a revenue share of up to 70% of the trading volume from clients they refer.
Degiro
Degiro, one of the biggest online brokers in Europe, provides traders with an inexpensive investing platform.The Degiro Affiliate Program offers pre-made links and banners for easy promotion integration. You will be provided with customized marketing materials as well as devoted support to assist you in attracting new clients.
High-earning affiliate marketers might not be drawn to the comparatively low commission. Degiro's program, however, can be a suitable starting place for individuals concentrating on the European market seeking a simple side source of income.You can earn €25 per referred funded account.
Interactive Brokers
Available in 125 markets, Interactive Brokers offers one of the most profitable stock broker affiliate programs today. The program offers a commission rate of $200 per referral, with the referred person eligible to earn as much as $1000 of IBKR stock. There are no minimum payouts., and the payout frequency is every month.
Revolut
Revolut has an affiliate program that offers members the opportunity to earn up to £500 in commission. Approval to the program is relatively fast, with the application being reviewed within five working days. Members also benefit from advanced tracking software and comprehensive performance reports, helping to optimize the earnings earned.
eOption
eOption's affiliate program offers an impressive $100 per referral. The catch is the referral has to replenish their trading account with at least $2,000. And if a partner's trading account imbalance has more than $2,000, they get an additional two BUZZ shares, as does the referral.
M1 Finance
M1 Finance has a credit card affiliate program, offering up to $70 in qualified funding. Members start earning immediately after approval. There are additional commissions and boosts throughout the year.
SoFi invest
SoFi Invest's affiliate program offers members a $300 commission per referral for members that sign up on their website. The referred person also gets a $100 bonus. The process of signing up is straightforward, with no hidden charges.
ZeroDHA
ZeroDHA has a partner program that pays members 10 percent of the brokerage their referrals pay. Affiliate members also earn 300 points per referral. These points can be redeemed for access to the numerous platforms and tools the ZeroDHA Universe offers.
Webull
Webull's cost-per-action affiliate program allows content creators to earn as much as 25 percent commission on any sign-up. Members also get to earn up to 75 percent on trades, with a cookie duration of 30 days. You also get $300 for every influencer you refer. The payment threshold is monthly.
How to choose a stock market affiliate program network
The right stock trading affiliate program can help you generate passive income while trading stock. Deciding which program to choose will depend on the conditions, commissions, and customer service provided by the network. Take the time to study potential affiliate programs carefully before committing. Generally, you want to:
Choose an affiliate program with reasonable commission rates
When it comes to stock trading affiliate programs, commission rates are usually the highest deciding factor. Fortunately, stock trading affiliates can expect to earn anywhere from 10-50% of the total profits for each trade their client makes. However, with such a wide range of commission options available, it is important to understand your own needs and select an affiliate program that best suits them.
To maximize your earnings, it is also important to look out for hidden fees associated with stock trading affiliate programs. In addition to the initial commission rate, some networks may require you to pay a monthly fee or even charge a percentage of each trade made through their platform. Make sure you do your research and weigh the pros and cons of each program before committing.
Opt for affiliate programs with easy signups
The signup process for stock trading affiliate programs can vary greatly from one network to the next. Look for a stock broker affiliate program with an easy registration process and minimal paperwork. This will ensure that you can begin promoting your stock trading services as quickly as possible without having to wait weeks or months for approval.
In addition, be sure to check the stock broker affiliate program’s terms and conditions carefully. Some networks may have restrictions on the type of stock trading services you can offer or require that you maintain a certain minimum balance in order to remain an active participant in their network. Make sure you understand any limitations before signing up with a stock broker affiliate program.
Best Forex Affiliate ProgramsLook for programs that provide quality customer support
When selecting a stock trading affiliate program, it is important to consider the customer service that is available. Quality stock broker affiliate programs should be able to provide technical support and help with any queries or problems you may have. It is also important to look for a stock trading affiliate program that offers resources such as tutorials, webinars, and other materials to help you understand the stock market better.
In addition, it is important to ensure that customer service is available 24/7, as stock trading does not take place during normal business hours. This way, you can rest assured that your clients are able to get help whenever they need it and understand the stock market better.
Choose a program that has quality tools and resources
When selecting a stock trading affiliate program, it is important to look for a platform that provides quality tools and resources. These can include stock market calculators, stock trading software, stock screener, and stock analysis tools which will help you to research stocks more efficiently.
In addition, some stock trading affiliates offer educational materials such as webinars or tutorials, which can be useful for those who are new to stock trading. These resources will help you increase your stock trading knowledge and understand the stock market better.
Consider the reputation of the stock broker
Before signing up for an affiliate program, take the time to read reviews and check out the stock broker's website. This should give you an idea of the company's reputation and how satisfied their previous customers have been. If there are any red flags, such as poor customer service or a lack of resources available, it is best to move on and find a stock broker affiliate program with a better reputation.
It is also important to research the stock broker's investment strategies and offerings. Are they focused on long-term investments or short-term trades? Are there any restrictions on the types of stock you can purchase or sell? Understanding these details will help ensure that you are able to offer quality stock trading services to your clients and maximize your profits.
Look for additional commission opportunities
Finally, when selecting a stock trading affiliate program, it is important to consider the potential for additional commission opportunities. Many stock brokers provide incentives such as signup bonuses or referral commissions. Additionally, stock brokers may offer larger commission rates for higher-value stock trades.
These additional opportunities can be beneficial for stock trading affiliates, as they provide an extra incentive to promote the stock broker's services and encourage customers to engage in stock trading activities. By researching stock broker affiliate programs thoroughly, you will be able to find a program that offers the best commission and rewards structure for your stock trading business.
How to Make Money in Stocks Without a Bulk of Money and TimeHow much can I earn in stock broker affiliate marketing?
Earning potential in affiliate marketing depends on a variety of factors. One of these factors is the size of your network. With eToro, for instance, affiliates can earn up to 25 percent revenue share for the standard tier. This means that if you have a large network and actively promote eToro’s program, you may be able to generate more revenue than someone who only has a few referrals.
Additionally, eToro also offers special bonus plans for affiliates who successfully refer a certain number of new customers. So, those who make it a priority to consistently invite friends and build their network can potentially earn more than those who do not actively work towards growing their network.
Should I use stock market affiliate programs?
Stock market affiliate programs can be game changers for people who want to promote financial products and services.
However, whether or not you should employ them is determined on your own circumstances. Here are some important variables to consider:
You should use stock market affiliate programs if:
You already have an audience or platform where you may promote broker programs, such as a blog, YouTube channel, or social media following focusing on investing/trading themes. Being able to suggest others directly will increase your revenue.
You love researching several brokers and are confident in recommending them to others. Affiliate programs allow you to earn money by assisting traders in finding the best brokers for their needs.
You have a genuine interest in the stock market and enjoy discussing or evaluating financial products, stock market affiliate programs may be a good fit for you.
You can devote time to continuing promotion and community management. Successful affiliate marketers are extremely involved with their online audiences.
You should not use stock market affiliate programs if:
You don't already have an audience to promote to. Building a new following from the beginning can take a lot of time and effort, with no guarantees of success.
You are hesitant to actively recommend financial services to others unless you are officially qualified or certified. Affiliate marketing broker programs necessitate broker vouching.
You are unwilling to work hard to promote affiliate programs. Affiliate marketing success, particularly in the competitive stock market industry, takes devotion, consistency, and work.
You have no knowledge of the stock market. A solid understanding of the stock market is required for effective promotion of stock market-related products and services.
In Conclusion
The year 2023 has undoubtedly provided an attractive backdrop for stock market affiliate programs. These programs provide a compelling potential to create revenue whether you are an avid follower of financial markets, an online influencer, or someone with a strong online profile.
FAQ
What is a stock broker affiliate program?
A stock broker affiliate program is a partnership between a stock broker and an individual or business. It allows the individual or business to earn commissions by referring new customers to the stock broker.
How can I find the best stock market affiliate programs?
The best way to find the best stock market affiliate programs is to research the reputations and offerings of various stock brokers. Consider factors such as customer service, investment strategies, commission rates, and additional bonuses for referrals.
Who can benefit from stock broker affiliate programs?
Stock broker affiliate programs can be beneficial for a variety of people. Businesses, individual investors, and aspiring traders can all benefit from these partnerships by earning referral commissions when they refer new customers to the stock broker.
How much money can I make with a stock broker affiliate program?
The amount of money you can make with a stock broker affiliate program depends on a variety of factors, such as the size of your network and the commission rates offered by the stock broker. Additionally, many stock brokers offer bonus plans for affiliates who successfully refer a certain number of new customers.
Methodology for compiling our ratings of stock brokers
Traders Union applies a rigorous methodology to evaluate brokers 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:
Regulation and safety. Brokers are evaluated based on the level/reputation of licenses and regulations they operate under.
User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.
Trading instruments. Brokers are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.
Trading platforms. Brokers are assessed based on the variety, quality, and features of platforms offered to clients.
Other factors like brand popularity, client support, and educational resources are also evaluated.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
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.