CopyFX, the copy trading platform of forex brokerage RoboForex, said over the weekend it has launched its first affiliate program, offering traders to receive commission for expanding their investor base.
The new program enables partners to grow their income by increasing the number of investors on their offers, which would in turn increase the commission they get. On the other hand, investors receive affiliate commission for following traders.
Traders can choose the conditions of their own affiliate program and design it in a way that would best fit their needs. For each user, a separate affiliate offer is developed. Traders can specify the percentage of the commission to be paid to partners using the slider.
Social trading network allow investors to trade, follow other fellow traders and copy their trades, and get followed themselves. They are especially suitable for inexperienced traders. The CopyFX service was launched in October 2014. Its clients can open either an Investor account to build a portfolio by coping transactions from other traders, or a Trader account to make profit by receiving commission for transactions copied by investors.
CopyFX is a brand of forex brokerage group RoboForex, which consists of the holding company RoboForex Financial Group, and its units Cyprus-regulated RoboForex (CY) Ltd., Belize-regulated RoboForex Ltd. which was recently renamed from RoboTrade Ltd., and New Zealand-based RoboForex LP.
Other social trading platforms on the forex market are ZuluTrade, Tradeo, and Tradency, among others.