OLYMPUS DIGITAL CAMERADo not invest more money than you can afford to lose.
The offshore-regulated forex broker NordFX announced it is changing the conditions for their Affiliate Program. It comes into effect next Monday, April 11, and would almost double the partner commissions.
The basic commissions increase as follows:
– For “Micro” – from 25% to 40% of the spread
– For “Account 1:1000” – from 25% to 30% of the spread
– For “Standard” – from 20% to 30% of the spread
– For “MT-ECN” – from 20% to 30% of the spread
VIP partners:
– For “Micro” – commission 50% of the spread
– For “Account 1:1000” – commission 40% of the spread
– For “Standard” – commission 40% of the spread
– For “MT-ECN” – commission 40%
NordFX is owned and operated by NFX Capital MU Inc., a company registered in the offshore zone Mauritius. The broker is regulated by the local Mauritius Financial Services Commission and has authorization as a financial services provider and adviser.
It offers trading in forex, CFDs and binary options with leverage of up to 1:1000. Trading can be done on MetaTrade 4 and 5, a web-based binary options platform and mobile applications.
NordFX has partnership programs for its forex and binary options trade. The commission for forex is between 30 and 50% of the of the spread from forex trades by referred clients. For binary options it is 1.5-3% of the total turnover of binary options trades by referred clients.
Most of the major forex brokers have various affiliate programs trying to attract new clients. Their conditions vary, usually depending on first time deposits and size of trades from new clients, as well as country of origin of the traders.
The UK-based forex broker – Plus500, for example, offers a CPA of between $200 and $800 per new trader, requires $50 minimum deposited amount, at least $40 paid in spreads (four standard lots traded) and is again defined by the country of origin.
