FXTM Partners, the division for partnership programs of Cyprus-regulated forex broker ForexTime, or FXTM, has opened a training center in Pakistan’s capital city of Lahore, the broker said on Thursday. The broker is working with Pakistani partners to provide free education services to local traders.
The center opened doors on 30 April, 2016, and attracted higher attendance than expected. The broker provided no details regarding the training center’s performance in the month since its opening.
Through its FXTM Partners division, the broker offers two types of partnership programs – an introducer program and an affiliate program. The difference between the two is that introducers usually maintain direct contact with clients, whereas affiliates cover most interaction through online activities. Furthermore, introducers get paid through rebates, while affiliates get paid on a cost-per-acquisition (CPA) basis.
- Intorducers – refer existing clients to FXTM and get paid each time a referred clients makes a trade. Commissions depend on the trading volume of clients. They can earn up to 5 pip rebate weekly commission.
- Affiliates – promote FXTM on their blog, website, or social media. They receive CPA-based commission of up to $1,00 once a referred client makes a trade. There are affiliate program levels available, depending on the number of clients partners bring – Basic (1-5 clients), Silver (6-30 clients), Gold (31-40 clients), and Platinum (more than 41 clients).
Cyprus-based FXTM offers trading in more than 100 instruments, including forex, spot metals, and contracts for difference (CFDs) on stocks, commodities, and exchange traded fund (ETFs). It serves retail and institutional clients alike and supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.
The company was launched in late 2012 when one of the co-founder of Alpari, a Russia-oriented forex broker, separated from the Russia-based broker and launched a one of his own under the FXTM brand. Last month, FXTM opened a UK branch registered with, but not regulated, by the Financial Conduct Authority (FCA).