4 Reasons Why Forex Partnerships Are Set to Grow in 2021
Forex partnerships with leading brokers have become a primary source of revenue for commission-driven Introducing Brokers (IBs), Affiliates and Influencers in 2020. This has been a year for developing mutually beneficial partnerships to empower and grow small businesses using the tools and knowledge available to them from their brokers.
Looking ahead to 2021 we predict that forex partnerships will rapidly be on the rise for the reasons we will explain here. Find out how you can start earning revenue when you refer your clients to Eightcap Partners.
Competitive Commission Models
Currently, there are many partnership programs that offer a competitive remuneration model to potential partners, this has led to a rapid increase in forex partnerships. Potential IBs, Affiliates and even social media influencers are looking for another source of revenue and an innovative and experienced partner to drive their traffic to. This is set to accelerate next year with more FX partnerships being formed. Don’t miss out on earning potential revenue when you refer your clients. Sign up to Eightcap Partners today at no extra cost to start a partnership with an award-winning broker.
Attractive Markets and Trading Conditions
2020 was a key year for the markets as most financial instruments experienced high amounts of volatility due to political issues around the world, and the economic consequences of COVID-19. This presented plenty of market opportunities for traders. With this in mind, 2021 is most likely to be another year where new traders want to also try and benefit from any future volatility that could occur.
The focus of 2021 for potential partners will be identifying solutions on how to expand their business. With Eightcap Partners, our mission is not solely centred around a mutually beneficial relationship that stops after a commission payout. We also look at how we can continue to enhance your business using various operational and marketing tools.
The continuing growth of Social Media
Social media will continue to be a powerful platform for forex affiliates and influencers. The use of different social media platforms is a key tool in this industry as it allows IBs and influencers to build and grow their presence digitally. A lot of the success can be achieved with content-rich feeds. The key will be to drive engagement to new traders with compelling content on trading education. The support of a leading broker and partner program will be fundamental to IBs, affiliates and influencers to achieve winning social media strategies.
Find out more about how you can partner with an award-winning broker today. Join Eightcap Partners and get started with no setup costs, let’s take your business further.
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