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What is the forex referral bonus?

Forex referral bonus is a special type of bonus for traders. Most of the companies offer the bonus to expand their services into peoples. As a result, forex brokers also started using these incredible criteria. Forex brokers provide a fixed amount of bonus to the referral account holder when a new client joins the company by using his/her referral links or codes. And we are calling it's a referral bonus. There are various referral bonus programs launched by forex brokers, like refer a friend bonus program. Here we are going to discuss this bonus program.

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Types of Forex referral bonus

Forex referral bonus program is a simple bonus. Most of the time, brokers allow two types of referral programs, IB and refer a friend bonus program. Here we are going to discuss these types of referral programs.

Refer a friend bonus

One of the easiest ways to get a bonus by referring to a friend bonus program. Many brokers in the market are providing a fixed amount of money while a previous client brings new clients to them. To get the bonus, a client needs to get a custom link from the broker and send his/her friend. While his/her friend will join through the link, the broker will reward the referral client. Sometimes its could be a referral code to join under a client. While registering with a platform, they will ask a new client about the referral code.

So, what do you think about it? IF you are trading with a regulated broker and getting good trading services from them, will you tell your friend to join here? So, register for a referral bonus with your broker and start referring. You can do it in your free time using social media. It's an excellent opportunity to get some extra money.

Referring bonus by a registered partner

It's an incredible option for the forex partnership program. Most of the intelligent brokers are offering partner programs to their customers and other peoples. Anyone can join a partnership program by registering a new partner account. After complete the registration, partners have to submit the verification documents to verify the profile. All partners must be verified to get this opportunity. Many peoples are doing it as a profession during the time because brokerages are sharing commissions with their partners.

Let's have an example, I have a partner account with the broker XM, and you are my friend. I told you about XM facilities, and you joined with XM by following my referring link. After a couple of days, you have earned a few amounts of money by trading, the broker will get commissions or spreads from your trading, and they will share a % of the commission or spreads with me as referring criteria. Most of the broker is now sharing 50% - 80% profits with their partners. That's why it is getting more popular with peoples.

How can you get more referrals?

More referral accounts mean more profits for you, so you have to connect with new customers. You can get new referrals using your social media, website, blogs, or direct phone calls. Note: that bulk signup is only a waste of your time, so try to connect with valuable traders. Here are some technics to get new referral clients.

Make a website

A website is the best way to get new clients, and you can engage with new peoples by making informative forex content and share the referring links in your content. If people find it worthy, they will join using the links.

Social Media

Many different platforms are available now, like Facebook, Instagram, Twitter, etc. Everyone is using it now for fun or connecting with friends, families, and relatives. You can share your referring links on social media groups to find new clients. This is the best way to get free traffic to your website.

Create campaigns on Google or social media

Professional partners are using Google ads or Social media ads to reach out to new customers. You can create campaigns for newbies and promote them on social media or Google to get new customers.