Did you know that you can earn income in forex even without opening a single trade? HFM is one of the brokers that provide the way.
We all know that forex trading is an attractive form of investment to earn high returns. However, the more you read about it, the more you realize that forex trading is very risky and complex. Even the most experienced traders are not immune to getting losses due to the unpredictable nature of the forex market.
Long story short, being successful in forex trading is no easy feat, especially if you have tight schedules and low-risk tolerance. But what if I tell you that there are ways to earn money in forex without having to make any trade?
In HFM, there are 3 ways to do so:
- Being an HFM Partner.
- Investing in HFM PAMM.
- Copying from pro traders with HFcopy.
Each solution has a different way to make money for you. Let's explore them so you can decide which would suit you best.
1. Join HFM Partnership Programs
HFM, also known as HF Markets, is a top broker that offers a way to earn profits without trading through affiliate programs. Having more than 10 years of experience in the industry, HFM surely takes its clients seriously and has formed a great relationship with partners or affiliates.
In fact, HFM's affiliate programs have been awarded multiple times, including Best Forex Partners Global 2022 by World Business Outlook, Best Forex Affiliate Program 2019 by International Finance Awards, and Best Introducing Broker Program 2013 by International Finance Magazine.
There is no set-up fee to join the program, so you can register as an affiliate completely free of charge. As for the commission, HFM offers up to $15 per lot, which is quite high compared to others. The best thing about it is that the program doesn't limit the commission, so you can attract as many clients as you like. You can use this opportunity to make earnings in the long term and expand your business.
Moreover, the affiliate program in HFM is multi-tier with five levels in total, so the affiliate will be able to earn commissions based on the earnings of all the referred clients. You can also see detailed statistics to evaluate your performance and adjust your marketing effort accordingly.
Payments are made on a daily basis from Monday to Friday between 9.00 AM to 15.00 PM server time. The commission payout is carried out once the amount reaches $50.
To sum it up, here is the list of benefits that you can get from joining HFM's partnership programs:
- Award-winning affiliate program
- Auto-rebate system
- Up to 60% revenue share
- Earnings of up to $15 per lot
- Daily payments
- Multi-tier affiliate tracking system
- No set-up fees
- Get a personal account manager
- Refer-a-partner commission 25%
- Marketing support
- Full access to statistics
- Available 24/5 in 25 languages
- Free marketing tools
At HFM, there are several types of partnership programs that you can choose, such as:
Affiliate Program
An affiliate program is arguably the easiest and most common method to earn money in forex without trading. This program allows you to make money by promoting a broker and attracting new clients.
In other words, you will get commissions from each client that you successfully attract. Depending on the broker's terms, you may get a bonus regardless of the client's performance in trading.
Affiliate programs are quite popular these days as they provide a chance to earn passive income. If you are a social media influencer or a website owner, you can advertise the broker on your page and earn money every time someone registers with the broker using the link you provided.
Aside from that, you can reach new clients through various other ways, such as holding webinars or seminars, creating promotional groups on WhatsApp or Telegram, and posting on Google Ads or other marketing channels.
HFM broker offers a great commission structure that can benefit all partners based on their performance. The best thing about it is that the program doesn't require expert-level knowledge in programming or administration.
All you need to do is attract new clients and provide reliable information. By being a partner, you can access the broker's full features and be the first to know about new programs and events.
How to join HFM affiliate program:
- Register as a partner.
- On the registration page, fill in your name, country of origin, email address, date of birth, phone number, and create a password.
- Also, provide information about your IB experience, the number of clients, clients' deposit amounts, and how you acquire clients. Once everything is filled in, check the agreement box, and click "Register."
- You'll receive a unique affiliate link that you can use for the promotions.
- Share the link on your website, social media pages, or blogs.
- A potential client clicks on the link and the link redirects them to the broker's site.
- The client opens an account, makes a deposit, and activates the account.
- Earn the commission from the broker.
Introducing Broker (IB)
This program allows individuals and companies around the world to earn commissions in exchange for introducing new clients to HFM. Each IB partner will get an account manager that will help them develop their business and ensure that they get the highest levels of service possible.
All administration process ranging from HFM's trading platforms to the execution of transactions is handled by the broker, so you can focus on the client.
White Label
This program is more suited for financial institutions and consultancy firms or those who want to start a company of their own. Rather than referring clients to the broker, this program allows another company to market the broker's services as if it was their own.
Through the White Label, HFM will provide the whole solution, starting from the trading platform, branding, and technology. But even so, HFM still ensures that the company will always remain in control while providing the support they need to launch a business.
Regional Officers
This program is meant to promote HFM in specific regions. Through this partnership, you can be the broker's regional representative and manage a branch office to basically promote the broker to the locals. You'll need to have basic knowledge of the forex industry and experience in offering services in their territory.
You basically work as the mediator for the broker, so you'll need to understand and introduce the broker's products and services to the clients. After the action of mediation is carried out, you will receive commissions from the company.
HF Markets is an award-winning forex and commodities broker. Established since 2010, the company provides trading services and facilities to both retail and institutional clients. For more than 9 years in business, HF Markets has around 1,500,000 live accounts opened and 200 employees globally.
Based on its services, HF Markets can be regarded as middle-class category. Clients do not need to prepare a big deposit for joining to trade with this broker. Also, there are various account types, trading software, and tools to facilitate individuals and institutional customers to trade forex and CFD online.
HF Markets is a registered brand name of HF Markets (Europe). Based on the location, the company is regulated by various financial regulators. Here are the details:
- HF Markets (SV) Ltd, registered in St. Vincent & the Grenadine as an International Business Company with the registration number 22747 IBC 2015.
- HF Markets (Europe), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with Licence Number 183/12.
- HF Markets SA (PTY), is authorized and regulated as a Financial Service Provider (FSP) by the Financial Sector Conduct Authority (FSCA) in South Africa, under license number 46632.
- HF Markets (Seychelles), incorporated under the laws of the Republic of Seychelles with registration number 8419176-1, regulated by the Seychelles Financial Services Authority (FSA) under Securities Dealer Licence number SD015.
- HF Markets (DIFC) Ltd, authorized and regulated by the Dubai Financial Services Authority (DFSA) under license number F004885.
- HF Markets (UK) Ltd, authorized and regulated by the Financial Conduct Authority (FCA) under firm reference number 801701.
If traders have more experienced, knowledgeable, and sophisticated trading environment, they can join to become Professional Clients, who can manage and assess their own risks. For that reason, these kinds of clients are granted access to more favorable rates but afforded lesser regulatory protections than retail clients.
Trading with HF Markets can enable traders to access a variety of trading instruments like CFDs on Forex, Cryptocurrencies, spot metals (gold, silver, and others), energies (oil and gas), commodities (such as coffee, copper, and sugar), indices, bonds, and popular shares such as Google, Apple, and Facebook.
HF Markets offers some of the tightest spreads in the market, starting from 0 pips in Zero Account. This broker quote major foreign exchange currency pairs to five decimal places. Therefore, traders have the opportunity to get more accurate pricing and the best possible spreads.
HF Markets receives numerous highly prestigious titles, including the huge honor of being ed to join the ranks of the World Finance Top 100 Global Companies. Others are Best Client Funds Security Global by Global Brands Magazine, Best Global Forex Copy Trading Platform by Global Forex Awards 2019, Fastest Growing Forex Broker Mena 2019 by International Business Magazine, and many more.
After opening an account in HF Markets, traders will obtain various forex trading platforms to accommodate all of their trading demands. Whether traders like to trade on desktop or prefer to trade on-the-go, they can use MetaTrader 4 on desktop (terminal, multi-terminal, and web terminal) and phone (iPhone, iPad, and Android).
Clients' funds are held in segregated accounts. Only major banks are used by Markets because they believe that successful traders have to give their full attention to their trading rather than worrying about the safety of their funds.
Traders do not need to worry about transaction fees when depositing and withdrawing. Transaction fees are not charged, and diversity of payment methods enable them to choose between Wire Transfer, Bank Card, and online payments (Neteller, iDeal, Sofort Banking, and Skrill). HF Markets ensures that traders make fast transactions 24/5 during the standard hours.
Traders can earn extra income by joining the affiliate program offered by Markets. Clients who join this program will get some advantages, such as 60% of Net Spreads based on the volume traded by sub-clients, up to $15 per a lot of net revenue, and many more. More information about HF Markets can be obtained on their official website which is supported in 27 languages.
From the review above, it can be concluded that HF Markets is one of the award-winning forex and commodities brokers. There are various account types traders can choose in HF Markets, and the broker itself becomes a favorite among traders for its low spreads. This condition is very suitable for traders with limited funds and a desire to get more opportunities to gain maximum profit.
2. Invest with Ease on HFM PAMM
PAMM stands for Percentage Allocation Management Module. Essentially, a PAMM account in HFM is a type of managed account that utilizes a pooled money trading system.
In simple terms, how a PAMM account works is that you only need to allocate some funds to the money manager, and they will manage it for you.
If you want to enjoy profits like a pro trader and invest the money with ease, you can sign up as an investor in HFM PAMM.
So, what are the benefits of using an HFM PAMM account? There are plenty! Make sure you don't miss out on these various advantages:
- At HFM, you can opt to invest your funds in multiple money managers using just one account. This enables you to diversify your portfolio, reducing the risks of potential losses.
- HFM provides access to trustworthy money managers who not only trade with clients' funds but also invest their own capital.
- The platform allows you to keep track of your open trades at all times through the myHF area.
- Real-time Manager reporting is available, providing up-to-the-minute insights.
- You have complete control over your own account, with the HFM broker team vigilantly monitoring for any suspicious activities.
- You can become a PAMM introducer to gain extra commission just by promoting some potential managers to new investors.
3. Follow Successful Traders on HFCopy
Another way to easily generate passive income through HFM without being a trader is by following traders in HFCopy. The way copy trading works is that you duplicate the strategies of successful traders. This means that if the trader you are copying makes a profit, you can achieve similar results. There's no need for you to devise your own strategy.
Moreover, there are other benefits you can enjoy, some of which include:
- Since trades are executed automatically, copiers can save a significant amount of time.
- HFCopy is suitable for beginners or investors who wish to diversify their portfolios without conducting extensive research themselves.
- Slightly different from a PAMM account, you have complete control over your own trading decisions. Your account is entirely yours, 100%.
Bottom Line
Depending on your objectives, you can choose any of the three methods mentioned above; partnership program, PAMM account, or HFCopy to earn passive income without having to actually trade.
Some of the options even require zero money and minimal trading knowledge to start with, so it is accessible to anyone. While affiliate programs sound highly competitive, they can lead to success if you use a good strategy, even more so when you start with HFM's partnership programs that support competitive commissions and a wide range of benefits for partners.
HF Markets is a global Forex and Commodities broker that facilitates both retail and institutional clients. Previously known as HotForex in the brokerage industry, HFM has positioned itself as the forex broker of choice for traders worldwide through their various account types and trading tools. Furthermore, HF Markets allow scalpers and traders use Expert Advisors unrestricted.
7 Comments
Ryan
Dec 30 2022
How much can I earn per month?
Its Just Manuel
Feb 2 2023
Ryan:
The amount you can earn through a broker affiliate program can vary greatly depending on several factors, such as the number of referrals, the commission structure offered by the broker, and the volume of trades made by your referrals.
Some broker affiliate programs offer a revenue share model, where you receive a percentage of the revenue generated by your referrals' trades. This percentage can range from a few percent to over 50% of the revenue, depending on the broker.
Other broker affiliate programs offer a cost per action (CPA) model, where you receive a fixed payment for each qualified referral. The amount of this payment can range from a few dollars to hundreds of dollars per referral, depending on the broker.
It's also important to consider the lifetime value of a referral, as some broker affiliate programs offer residual commission payments for the life of the referral's account.
There is no definite answer to how much you can earn per month through a broker affiliate program, as it largely depends on your efforts and the performance of your referrals. However, successful affiliates have the potential to earn thousands of dollars per month, depending on the size of their referral network and the broker's commission structure.
Gloria
Jan 13 2023
Can I be an affiliate for multiple brokers?
Habib Sadidi
Feb 2 2023
Gloria:
Yes, you can be an affiliate for multiple brokers, as long as each broker's terms and conditions allow it. Some brokers may have restrictions on promoting competing products or services, so be sure to thoroughly review the terms of each affiliate program before signing up.
Being an affiliate for multiple brokers can offer you a wider range of products and services to promote, as well as the opportunity to compare commission structures and marketing materials. However, it can also be more time-consuming and complex to manage multiple affiliate accounts and track commissions from multiple sources.
Ultimately, the decision to be an affiliate for multiple brokers is up to you and depends on your marketing goals and resources. Just be sure to carefully consider the terms of each affiliate program and the workload involved in promoting multiple products and services.