Affiliate programs and introducing broker networks have become very much an instrumental part of the sales and distribution channel for many retail FX brokerages over the past few years, as acquiring clients via this method has been considered to be a relatively cost effective and efficient means of onboarding customers from various regions without having to have the organic sales and retention desks in-house, as well as removing the need to buy expensive media and attempt to generate leads via methods with low conversion rates.

During the latter part of , FinanceFeeds, in the interests of ensuring that our esteemed audience does not fall foul of affiliate marketing scams, conducted substantial research into this matter, and as this new year begins, we will continue to do so in order to ensure that the best interests of the brokerage industry are preserved.

FinanceFeeds investigation involved speaking to the affiliate marketing departments among many retail FX firms, and in particular with executives who have a detailed understanding of how traffic buying and conversion works within an online FX business.

Most of these networks boast that they can bring several thousand FTDs first time deposits to brokerages, however the FTDs never go to the actual platform. Instead they stay within some kind of designed website, which is operated and owned by the make-money affiliate marketing network itself.

This is absolutely crazy.

Indeed, such a system is encouraging brokerages to cause their clients to be involved in a semi-pyramid scheme, by asking customers to make a deposit into a live account, then connecting the make-money affiliate marketing system to their own real trading platform and telling the client that he can be an affiliate by bringing leads from these make-money affiliate networks, all of which never deliver.

One particular example of this is a network called BOA Elite, which according to our sources, is owned and operated by Leon Okun, a co-founder of SpotOption and former senior executive at the company.

Affiliate marketing departments within FX firms could easily be taken in by this, and according to our research some already have been, which is concerning. The company claims that it has the technology to allow advertisers to gain access to over , affiliates without needing to manage affiliate payments, and that it allows firms to promote high converting products with weekly payouts.

The affiliates that we spoke to personally know every owner of every brand in Israel, including some of the firms that are being investigated via a joint investigation with the Israeli and French police for stealing a fortune from customers in France, and the information is categorically accurate. This works every time. This takes place at the biggest brands because they have the manpower to call hundreds of thousands of people a month. The smaller companies are usually targeted because they have no recourse.

These freelancers are often former binary options sales people who steal leads from their former employer. Just last week, FinanceFeeds observed a group of four unpleasant individuals getting out of a taxi, all of whom used to work on sales floors in binary options firms, using fake names and lying about their location, all of whom pretend to despise each other, yet are working together now doing exactly as described above. These particular entities operate around the very binary options businesses that international governments and law enforcers are attempting to stamp out, and they cling to them like a sort of mafia which operates as a cartel.

Many affiliates have told us that a lot of former sales staff quit their job from a brand and then realize they have a notebook or file on their computer of leads form the computer they used whilst there.

Affiliate | cozosen.web.fc2.com

Many try to sell them. Some people work at one company in order to access their lead feeds and send clients to other companies, which is a common practice in First Time Deposit departments of low grade b book FX firms and at all of the binary options brands. It is widely recognized that many binary options brands have also interests in poker and gaming sites, and then when the gambler has lost enough money, the brands transfer the lead to their binary options desk and try to convince the gambler that he should not gamble, but instead trade the financial markets, which is a blatant and outright attempt to mislead.

In fact, geographical knowledge appears to be something of a challenge for many of these representatives, which is interesting considering that they profess to be in an international business.

One particular binary options brand was recently encouraging its sales team — all of whom had fake names — to explain that they were calling from Dublin, Ireland, UK. Unless I have missed some very important geopolitical news, Ireland has never been in the United Kingdom. We must have all been wrong about the difficulties associated with the reign of William of Orange dating back to Lying to customers about the actual product, disguising a gaming platform which is weighted in favor of the house as a financial markets system, about the names and location of the firm and other important matters is one thing, but stealing leads from each other demonstrates the lack of moral standards which run deep.

Recently, many lead buying advertisements have proliferated LinkedIn, which is intended to be a business networking site, not a place to peddle recycled customer data for which the vendor has no intellectual property rights.

My experience of explaining the rules of intellectual property to many binary brand owners has resembled attempting to explain to a hedgehog how a hot film mass airflow sensor works.

We look to get leads from all sources and funnels, and if people working here can bring leads then this is better. What this particular binary options brand owner was alluding to was that they like to employ people who have worked at another binary firm, who before leaving, have copied the database onto a memory stick in order to bring it to another firm. If the internal procedures do not respect the intellectual property of other businesses, legitimate or not, then there is little hope for any morality toward product or customers.

Recently, FinanceFeeds approached three of these entities, however we believe that they are all connected and that it is a band of former binary options salespeople who have stolen leads and are now offering them on the open market.

I might just do that…. We have a call center in house, where we qualify leads, and for each lead you get fully verified details, no wrong numbers, duplicates etc. I had to straighten the English out here. Normally, the addition of the abbreviation sic.

The salesman was then asked by FinanceFeeds how the leads are acquired. The price we were offered was 22 euros per lead, and were asked how many we would like to start with. Only if they agree this is counted as a lead and we set up a time-slot for the phone call. This practice has become so widespread that the platform providers are aware of it.

One particular executive within a platform firm once explained that automation is perhaps a means of removing the high pressure sales from the binary options business, a question that FinanceFeeds posed to CySec Chairman Demetra Kalogerou in the summer of this year, her having concurred with this line of thinking. Our advice to all brokerages in the retail sector is to avoid these affiliate networks and lead sales entities at all costs.

They are operated by very unpleasant people indeed and will relieve you of your cash, and probably your hard-earned client database. Affiliate programs and introducing broker networks have become very much an instrumental part of the sales and distribution channel for….

Binary Trading Affiliate Programs & CPA Networks - Get Top Payouts

The burgeoning and highly profitable retail FX business in China is completely relationship based. It is very unlikely that brokerages that understand China well will be remotely concerned about the recent internet marketing ban.

Here is why it is business as usual. A new practice has sprung up recently which brokers and traders should be aware of. Unregulated binary options firms with no registered physical address and a litany of less than flattering diatribe adorning internet forums, as well as misleading company names are still being accepted as major sponsors for prominent British football teams. Until this is stopped, it is a danger to our esteemed industry, perpetrated by complete outsiders.

A very disturbing and potentially damaging conflict of interest is manifesting itself in that binary options and low-end warehouse brokerages are moving toward selling leads on false pretenses. FinanceFeeds details how this works and advises all brokers in all sectors to avoid any such offers completely. Another example of an attempt to engage traders bites the dust.

We cannot stress enough: Traders are becoming more and more self-determined these days. Gimmicks and baubles, they do not want. About Meet the team Advertise Love FinanceFeeds? Andrew Saks-McLeod Industry News , Inside View January 2, , 6: Andrew Saks-McLeod Industry News , Inside View.

The Most Profitable Binary Option Affiliate Programs

Industry News , Retail FX ThinkForex CEO Nauman Anees explains how to structure a successful IB and affiliate program Affiliate programs and introducing broker networks have become very much an instrumental part of the sales and distribution channel for…. Industry News , Inside View , Retail FX Why the ban on FX advertising by Baidu in China does not matter The burgeoning and highly profitable retail FX business in China is completely relationship based.

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Affiliate marketing networks are now targeting and ripping off retail brokers A new practice has sprung up recently which brokers and traders should be aware of. Industry News , Retail FX , Week in Review Outrageous misrepresentation in football sponsorship a danger to the FX industry and must be stopped Unregulated binary options firms with no registered physical address and a litany of less than flattering diatribe adorning internet forums, as well as misleading company names are still being accepted as major sponsors for prominent British football teams.

Industry News , Retail FX , Week in Review Brokers beware: Scammers from binary options brands and warehouse brokerages targeting genuine FX firms with bogus marketing tools A very disturbing and potentially damaging conflict of interest is manifesting itself in that binary options and low-end warehouse brokerages are moving toward selling leads on false pretenses. Inside View , Retail FX , Technology , Week in Review The future looks bleak for FX engagement tools Another example of an attempt to engage traders bites the dust.

Inside View , Retail FX Blighted by scams: Inside View , My FX Week , Retail FX Affiliates look this way! B2Binary CEO Rachel Sartini talks to FinanceFeeds on maximum impact Affiliate programs and introducing broker networks have become very much an instrumental part of the sales and distribution channel for….

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