With more than 10 million members spread across 140 countries, there is no doubt that eToro is one of the largest social trading platforms in the world. The platform allows you to trade like a pro by just copying the trading strategies of expert traders using the patented CopyTrader technology. The trading software makes the trading of forex, stocks, and commodities extremely simple and easy for newcomers and experts. eToro as an investment network has an affiliate program called the eToro Partners affiliate program. In this post, you will learn what is eToro affiliate program and all about its features, commissions, pros, and cons.
With the eToro affiliate program, the affiliates can earn lucrative commissions of up to 25%. The brokerage company has paid more than 50 million affiliates close to $100 million since 2020. Read on to find out more about the eToro affiliate program.
What is eToro? An Overview
eToro is a broker that allows you to trade forex on its platform. You can also trade commodities and stocks in many countries except in the United States where customers are only allowed to trade cryptocurrencies.
What is eToro affiliate program?
eToro affiliate program is where you are paid commissions for traffic directed to the platform through different sources like social media, blogs, websites, etc.
You can earn up to 25% CPA commission if you refer qualified traders through your affiliate link.
The affiliate program has many channels for generating referrals such as through deep linking, text links, and banners.
How does eToro affiliate work?
Whenever a visitor clicks on your affiliate link, the visitor is directed to the eToro website where the person registers and funds his trading account.
There are two ways of earning commissions. These are:
- Cost Per Action (CPA) and
- Revenue Sharing
Cost Per Action – This is a form of commission that is paid out to you after an investor has signed up through your eToro affiliate link.
The affiliate will get a one-time payment if an investor opens an account, funds it, and start trading with it.
Revenue Sharing – This is where an affiliate earns a percentage from the investment of everyone that signed up through your affiliate link.
Two-Tier Plans of Earning Income
There are two-tier plans of earning income with the eToro affiliate program. They are:
- Standard Tier Plan
- Second Tier Plan
Standard Tier Plan – This is where there is a 25% commission from the monthly revenue share. It is the percentage of the revenue generated by the pip after making some deductions.
Second Tier Plan – If you are in the second tier plan, you are eligible to earn an additional 10% commission of the net revenue on each advertised user of up to $20,000 that opens an eToro account through their promotions.
How to open an eToro Partners affiliate account
- Visit the affiliate website – You have to visit the website at https://etoropartners.com/ and click on “Join Now”. Choose a personal or corporate account. The next page is where you are going to provide your personal information like name, home address, Skype name if any, contact info, and other information like tax details, uploading of your passport, etc.
- Start promoting eToro – After completing the registration, your eToro partner dashboard will be displayed clearly. It gives you access to different resources, reports, promotions, and link generators to generate your affiliate link. All of these help you to start promoting your affiliate link pretty fast.
- Start earning – Payment is made every 15th of the month and the minimum payout is $100.
How to promote eToro and start generating revenues using different marketing tools
To start promoting eToro and generate some income, below is the process to follow:
- Go to the website at https://etoropartners.com/ and log in with your username and password
- Check the left bar menu and click on “choose marketing tools”
- Click on “Language” and then “Tool” to choose the right tool for you
- Copy the HTML code and embed it in the HTML part of your website
Affiliate stages and their commission rates
The eToro Partners affiliate program is fashioned to favor the intermediates and advanced affiliates more than the beginners. Below are the different affiliate stages alongside the earnable commissions:
- Cadet Trader – This is the first stage at joining the affiliate program. To get started, the user must have deposited $50 in the trading account and start trading. Once the user gets 5 copiers, the person would qualify for a bonus deposit. The affiliate receives a 25% commission at this level from the net revenue generated from the new users referred.
- Rising Star Trader – At this level, the affiliate must have 50 copiers. The commission is the same as the Cadet Trader but receives a $350 fixed monthly payment. There could also be a 10% rebate on user’s net spreads.
- Champion Trader – Affiliates must have reached 250 copiers to get to this stage. There is also a 50% rebate on the net spreads of the user and a $1,000 monthly fixed payment. Affiliates would gain access to eToro’s premium account which comes with quicker withdrawals. There would also be access to an account manager, credit card, and other benefits.
- Elite Popular Investor – This is the highest rank any affiliate can attain. You must have a minimum of $300,000 copied fund to get to this point. The reward includes a $1,000 monthly fixed payment. There is a 100% rebate on your trades. You will also receive a 30% commission from all the net income gotten from your referrals. This is the best offer in any investment affiliate program.
Can I make money with the eToro affiliate program?
Though it can be tough building a following initially, you can earn both passive and residual income in the end if you are persistent and consistent.
Frequently Asked Questions
1. What is the minimum amount an affiliate can earn before the earnings can be withdrawn?
Answer: It is $100 minimum for eWallets transfer and $500 for bank transfer. Payment takes one or two days for eWallets while bank wire transfer can take up to 8 days.
2. Which payment methods are available for affiliates to receive their commissions?
Answer: The available payment methods are Skrill, Neteller, PayPal, and bank transfer. If you are a resident of the United States, only wire transfer is the available payment method.
3. What marketing tools are available to affiliates?
Answer: There are a variety of marketing tools which include widgets, banners, text links, deep linking, etc.
4. Can affiliate keep their commissions in their trading accounts?
Answer: Yes, affiliates can either keep their commissions in their trading account or withdraw it.
- Lifetime cookie
- 25% commission revenue share
- Excellent affiliate marketing tools like banners, deep linking, and text links for generating referrals
- High conversion rates
- Easy to track your performance with real-time reports
- It takes time to attract a lot of following
- Your website will be disabled if you don’t generate enough traffic
- High competition amongst affiliates
Conclusion: Is the eToro affiliate program recommended?
The eToro Partners affiliate program is unarguably the highest-paying financial affiliate program you can find anywhere. It comes with a high conversion rate that could bring you long-lasting recurring commissions.
Their myriads of marketing tools help you to start promoting your affiliate link in no time without needing a website since you can promote your link through other ways like social media, videos, and forums.
You can still succeed even though there are many affiliates on the platform. The sky is wide enough for birds to fly. You can become financially free by joining the platform.