If you are a genuine trader, you have certainly heard about foreign exchange partner programs. One of them that is best rated by customers is XM partner. XM offers many preferential policies for partners with extremely attractive commission percentages. So how to become a good partner on XM? Let MForex help you synthesize the necessary information in the article below!
What is an XM partner? General information about the XM Affiliate program
Your goal is to become a good XM partner. The first thing you need to do is learn clearly about the XM Affiliate program.
What is an XM partner?
So what exactly is an XM partner? XM Affiliate program is a program offered by the XM foreign exchange platform to traders who are trading on the XM platform. Opens up opportunities to become talented partners and earn passive XM money. At the same time, personal income increases many times compared to normal.
The job of those partners is to find ways to attract new customers to join and trade on the XM exchange. However, you must also comply with the principles and terms that XM has set out. Otherwise, your status as a partner will be revoked. And cannot benefit from the activities that I have built.
How many types of partners does XM have?
Currently, XM offers two main types of partners. There are also several other types of partners for all different types of customers.
Web affiliate partner – XM Affiliate
This is one of the popular forms, favored by many people. Brokers need to find ways for customers to open XM accounts using the link you create. Every time any customer visits, you will receive a commission of up to $25. At the same time, receive commissions from the transaction amounts that new customers have conducted.
Service introducer
Similar to the way XM Affiliates work. Service introduction partners, also known as IBS, will be the ones who maintain the search for new customers. And receive weekly commissions from all customers and junior IBs they introduced. In particular, the program has no limit on the amount of commission received. Or limit the number of people introduced on XM. That means the amount of money you will receive will increase the higher the number of new customers joining XM.
See more: The most detailed instructions for login XM for traders
Other forms of XM partner
Besides the 2 forms of partners, we have listed above. XM exchange also provides users with other types of partners. If you are looking for another form of cooperation, please contact the XM system immediately. They will support and offer solutions and business models that suit you as best as possible.
How much money can you make from being an XM Affiliate?
Another question receives a lot of attention from traders on the XM exchange. That is, how much money can you make from being an XM partner?
At XM, the partner program will offer extremely attractive commission levels. Specifically, XM partner will receive $10 for each trading lot from the customers they have introduced. If you introduce a new partner to XM. You will receive an additional 10% commission on the total income coming from that partner. In addition, they can also earn additional bonuses by transferring the commission amount to their account. It can be understood that XM is truly bringing huge income potential to its partners.
In particular, the XM exchange is also considered an extremely useful playground when continuously expanding the scale of competitions. It helps them increase their income while at the same time acquiring and learning more useful skills and knowledge. Indeed, at XM the amount of money you can earn will never be limited if you put in the effort and effort.
How to become an XM partner?
With such an attractive XM Affiliate program, how can you miss it, right? So what must you do to become a partner of XM?
Who can participate in the XM Affiliate program?
The first factor that you need to pay attention to is who can participate in the XM Affiliate program.
Currently, on XM, there are no specific regulations and requirements for partners. That means, anyone who is a trader. Or if you are investing in XM, you can register to become a partner. However, for your request to be approved, you need to meet some of XM’s standard account and trading conditions. If you want to know what it includes, then read the next paragraph of information immediately.
XM’s standard conditions to become a partner?
Required conditions to become an XM partner include the following 4 basic things:
- You must use at least one of the following account types: XM Micro account, XM Standard account, XM free Swap Micro account, or XM free Swap Standard account.
- The types of accounts you use must go through a secure authentication process.
- Requires the partner to trade at least 1 standard lot. For products such as Gold, silver, or Forex, use 2 account types: XM Micro and XM Standard.
- Trading lots on linked accounts will not be counted when joining the partner program.
What qualities are required of an XM Affiliate?
To become an XM Affiliate partner, what qualities will you need to possess? XM exchange highly values traders who have determination, always work, and work hard to make money from XM. That is the only factor that can break the limit. Brings a huge source of income and a good number of customers for XM.
Besides, a partner needs to equip himself with knowledge, expertise, and skills in communicating and attracting customers. If you are a shy person, afraid to communicate, this job will be a step to help you integrate more easily with people. So don’t forget to learn and constantly strive to possess good qualities for yourself.
Things an XM partner needs to know
Below is extremely useful information for you. It will certainly help you become one of the best partners on the XM exchange.
Approach to attract new customers to XM exchange
How to approach and attract customers is one of the most important things when becoming a partner. So how do you make customers pay attention and trust you?
There are many ways to create customers for yourself. However, you need to know how to choose the method that suits your abilities and budget. One of the best ways is to build yourself an internet forex resource. This is a means to help you more easily reach and attract customers.
However, if you cannot build internet forex resources. Then you can go through forums and social platforms. As we know, today with the development of technology 4.0, most people have access to social networks. From there, creating advertisements and programs that attract users is not very difficult. So, use all your abilities to launch the most attractive advertisement.
See more: XM IB Commission: How to calculate commission for partners
What should an XM Affiliate not do?
So what are the taboos of an XM Affiliate?
- Do not create false advertising.
- Do not use spam or dirty methods to deceive customers.
- Communicate with customers on behalf of the parent company XM.
- Do not create a website that directs customers to XM’s site.
If you violate one of the above, your name will be removed from the list of XM partners.
Conclusion
Through the information that MForex has provided to readers. We are sure that you will become one of the elite XM partner . Bring yourself a stable or even huge source of income if you know how to try and make an effort.
FAQ
Where to register as an XM partner?
You can fill out an application to become an XM partner through the platform’s official homepage. In the “Partners” section.
Is there a limit to the amount of money earned from XM Affiliate?
At XM, the amount of money you can earn will never be limited if you know how to make efforts and try tirelessly.
What will you receive when becoming an XM partner?
An XM partner will receive many certain advantages. For example, making passive money, using promotional materials tools for free, improving skills…
