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IC Markets Broker offers the IC Markets Partner Program as a great chance to generate passive income. How do traders benefit from this program?
As trading in the forex market has become increasingly complex and risky, many novice traders, even the most experienced, find it difficult to control uncertainty in trading. Because you are too afraid of the risks of trading or the lack of time to open a trading position, causing you to hesitate and trade and trigger trading mistakes that lead to losses.
To meet the growing needs of traders and investors, IC Markets offers the chance to allocate funds according to their individual preferences, including making money without getting involved directly with trading. This Australian-based broker offers a great way to earn passive income. One of them is through the IC Markets Partner Program.
IC Markets Partner Program requires your involvement to promote this broker to invite many new clients. Here, you will get a bonus or commission of up to 50% for active referrals when you join. There are many ways to profit from your clients through this program, from funding the account to maintaining set amounts in the trading account.
IC Markets Partner Program at a Glance
IC Markets has been developing an internationally regulated multi-asset online trading brokerage for over two decades based in Australia. Many beginners and experienced traders are attracted to this brand due to its global presence, unrivaled trading education, wide range of account types, and competitive trading conditions.
Apart from providing abundant benefits by trading, IC Markets offers a great way to earn passive income through its IC Markets Partners Program. The program allows individuals and entities to earn commissions by promoting brokers and attracting new clients. As such, IC Markets Partner Program is intended for individuals or organizations with an established clientele or network.
Affiliate programs are arguably the easiest and most popular way to generate passive income. If you are a website owner, social media influencer, or a wealthy online social network, becoming an IC Markets Partner can help you grow financially. You will have commissions paid to affiliate trading accounts in real-time, which can increase trading income. You can also start your own business or side job from this opportunity.
IC Markets is an online forex broker operating under the company of International Capital Markets Pty Ltd. Traders under the Australian jurisdiction are provided with the trading service of IC Markets AU that is headquartered in Australia and licensed by the Australian Securities and Investments Commission (ASIC).
On the other hand, non-Australian traders who open an account in this broker are registered under IC Markets SEY that is based in Seychelles, and regulated under the Seychelles Financial Services Authority (SFSA). The dual operation is a result of the relatively new rules from ASIC that prohibit their regulated broker to offer trading services outside Australia.
Classified as an ECN broker, IC Markets provide clients with MetaTrader 4, MetaTrader 5, cTrader as platform trading options. This broker also follows market trends to include Cryptocurrencies as one of its products, enriching its already wide selection of trading assets that include Currencies, Indices, Metals, Energies, Softs, Stocks, as well as Bonds.
The minimum deposit in IC Markets is in the middle range compared to other ASIC-regulated brokers, as it reaches $200 for every client. Market analysis materials are also prepared regularly for trading insights on IC Markets's official website, proving their competence to serve their traders with important contents created by market experts that work specifically for them.
For payment methods, IC Markets allows funding and withdrawal via wire transfer, credit card, PayPal, Skrill, Neteller, FasaPay, UnionPay, as well as Bitcoin via BitPay. The more interesting aspect from this broker is its multi-base currencies that include USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD.
As the trading technology in IC Markets is highly equipped with co-located servers and extremely low latency (especially on cTrader), the broker is widely known for its capability in hosting traders with the special needs for high-frequency trading as well as scalping.
To sum up, IC Markets is a fitting destination for active traders looking for a well-regulated broker. IC Markets is also flexible in terms of base currency and payment methods, signaling their commitment to welcome traders beyond their home country. As of late 2019, IC Markets provided their website in 18 international languages including English, Korean, Indonesian, French, Spanish, Italian, Malay, German, and Chinese.
Types of IC Markets Partner Program
The Partner Program has three main commission structures: Affiliate Program, Introducing Broker (IB), and White Label Partnership. The following are the differences between the three.
- IC Markets Affiliate Program is the best partnership program according to partner reviews related to the company. This program is more suitable for individuals or entities who may not have a long-term business plan but still want to earn commissions for referring customers. The Affiliate Program allows partners to earn commissions of up to 50% of the income of the clients you refer to IC Markets.
- The Independent Broker Program is intended for individuals or entities interested in developing a long-term business relationship with IC Markets. The IB program will operate on a more personal level in direct contact with clients. For tier 1 partners under this program, CPA is set at $250, which means they earn this amount for every successful trade. As for tier 2 and tier 3 partners, CPA is set at $200 and $100, respectively.
- White Label Partnership program has the highest commission among the other two programs. A white label partnership is an agreement between two companies in which one company provides a service that produces a product or service on behalf of another company, the retailer. While there is a minimal fee to become a partner in the program, the payout is exorbitant. You can earn up to 65.2% of the income generated by the clients you refer to IC Markets. In addition, the referred trader does not have a minimum deposit to be kept. Here you get the code within a maximum of 3 days.
Types of IC Markets Partner Program | |||
Partner Type | Affiliate Program | IB Program | White Label Partnership |
Revenue Sharing or CPA | Up to 50% + USD 16 for every CPA | Tier 1 CPA: $250 Tier 2 CPA: $200 Tier 3 CPA: $100 | Up to 65.2% |
Cost Associated | Minimal | ❌ | Minimal |
Referred Trader's Deposit-FTD | $800 plus | $800 plus | ❌ |
Code Activation Time | 2-4 Days | 2-3 Days | 2-3 Days |
Please note that Affiliate and IB programs require you to pay a deposit amount to the IC Markets. As mentioned in the table above, this is important because you will only become a qualified affiliate or IB of IC Markets if you deposit $800 or more.
See Also:
Extra Commission for High Volume Traders
Partners with volume incentives can receive Extra Commissions once the clients referred meet the Trading Volume requirements. When this volume target is achieved for 3 consecutive months on IC Markets MT4 and MT5 platforms, the broker will go through the necessary verification process to fulfill the right of extra commission on partners. As a Partner, you will earn commissions based on each client's trading volume and account type for FX and Metals only.
Tier | Commission Per Lot Forex/Metal | Trading Volume Requirement (Forex/Metal Lots) |
1 | 0.25% | 1,500 |
2 | 0.50% | 2,500 |
3 | 0.75% | 2,500 |
4 | 1.00% | 4,500 |
How to Apply for the IC Markets Partner Program
To earn passive income through the IC Markets Partner Program, you can become an Introducing Broker (IB) or Affiliate and refer clients to IC Markets. Here are the general steps you should follow:
1. Register to Become a Partner
To become an IC Markets Affiliate, you must be enrolled in the Affiliate Program. To do so, visit the IC Markets website and fill out the application form. Make sure all details are correct.
2. Upload Your Document
To verify your identity and start the affiliate program, you must upload documents, including photocopies of the PAN, photos, business documents, business experience certificates, and proof of government-registered identity. If your documents have been verified correctly, you will receive a call from an IC Markets partner to confirm the details.
Please note that you must complete account verification fully to become a full-fledged IC Markte business partner. If they find every detail correct and you meet the eligibility criteria, then the broker will open your partner account.
3. Build a Network
Earning passive income through the IC Markets Affiliate Program involves building a network of clients and traders interested in trading foreign exchange and other financial instruments. Leverage your existing network, or reach potential customers through marketing and advertising.
4. Refer Clients to IC Markets
Once you have established your network, you can introduce your clients to IC Markets. You receive a commission on the trading activity of the clients you refer or based on the number of clients you refer to IC Markets.
5. Keep Track of Your Profit
Every time a client registers through your referral link, you will receive a registration confirmation email that the client has registered with the client's details. You earn commissions when customers you refer take action. You can monitor your earnings through the IC Markets Affiliate portal or contact the affiliate team.
You can build a strong network and earn passive income by referring clients to IC Markets. However, please note that the total profit depends on the trading activity of the clients you refer. Trading in foreign exchange and other financial instruments involves risk. When referring clients to IC Markets, you must read the Program Terms carefully and adopt risk management practices.
See Also:
What You Should Know About IC Markets Partner
There are several things you should know about the IC Markets Partner Program, including the following:
- Partners must be over 18 years old and have 1-3 years of business experience. If their business experience is related to trading, that would be a plus.
- You receive marketing and promotional support materials to introduce your products and services to customers after being an IC Markets Partner. However, the Affiliate is responsible for ensuring compliance with all applicable laws and regulations regarding advertising and marketing.
- IC Markets will pay commissions to its affiliates according to the commission structure and rates specified in the respective partnership agreements. Commissions are generally withdrawn weekly, and brokers may require Affiliates to pay commissions and meet minimum payouts.
- IC Markets is not obliged to maintain the partnership agreement with partners and has the right to terminate the contract at any time and for any reason.
The Bottom Line
IC Markets provides Affiliates with a wide range of marketing and promotional materials, as well as support from a dedicated Partnership team to help Affiliates grow their business and increase the commissions they receive. In general, the Partner Program aims to provide a flexible way for individuals and entities to earn commissions and extra commissions by referring customers to IC Markets.
This program is a great choice for individuals with a network and customer base. Depending on your goals, you can choose one of the available partnership programs to earn non-trading passive income with low fees. This can help secure your future finances by having a second source of income.
IC Markets is a raw spread brokerage that puts all clients' funds in segregated trust accounts supported by well-known Australian banks such as Westpac and NAB. On top of that, IC Markets offers various trading instruments like Forex, Indices, Bonds, Crypto, and many more.
16 Comments
Maguire
Jun 9 2023
What are the main differences between the Independent Broker (IB) Program and the White Label Partnership Program offered by IC Markets?
The IB Program is designed for individuals or entities seeking a long-term business relationship with IC Markets, operating on a more personal level and directly engaging with clients. The program offers tiered commission structures based on successful trades, with different CPA rates for tier 1, tier 2, and tier 3 partners. On the other hand, the White Label Partnership Program involves an agreement between two companies, where one company provides services on behalf of another, and it boasts high commission rates and potential earnings based on the income generated by referred clients. Can you provide a detailed comparison of these two programs, including their operational mechanisms, commission structures, and any specific benefits or requirements associated with each?
Sandy
Jun 18 2023
@Maguire: The Independent Broker (IB) Program and the White Label Partnership Program offered by IC Markets are both aimed at individuals or companies who want to establish a business relationship with the broker. However, there are some key differences between the two.
The IB Program is designed for individuals or companies who want to act as Introducing Brokers. As an IB, you refer clients to IC Markets and earn a commission based on the trading activity of those clients. It allows you to build your own client base and earn a passive income through referrals.
On the other hand, the White Label Partnership Program is more suited for businesses or organizations that want to offer their own branded trading services using IC Markets' technology and infrastructure. Under the White Label Partnership Program, you can customize the trading platform with your own branding and offer it to your clients, while IC Markets handles the backend operations.
George
Jun 27 2023
Why is it necessary for IC Markets to contact us via phone after we have uploaded the necessary documents for identity verification and when we are ready to start participating in the affiliate program? I understand that in order to proceed, we are required to submit photocopies of our PAN, photos, business documents, business experience certificates, and proof of government-registered identity. However, I would like to know the specific reasons behind the need for a phone call. Is it primarily for an additional layer of verification or to ensure the accuracy and authenticity of the provided details? It would be helpful to understand the purpose and importance of this step in the verification process. Your clarification on this matter would be greatly appreciated.
Erling
Jun 29 2023
@George: Hey there! It's totally understandable that you're curious about why IC Markets wants to give you a buzz on the phone, especially after you've already submitted all the necessary documents for identity verification and expressed your interest in the affiliate program. So, here's the deal: the phone call is basically an extra step they take to make sure everything is legit and to double-check the accuracy of the information you provided. It's like a friendly chat to establish a more personal connection and build trust between you and IC Markets. Plus, it helps them ensure that you're a real person and not a bot or anything fishy like that. So, it's all about verification and creating a more secure and trustworthy environment for both parties. Hope that clears things up for you!
Peter
Jun 30 2023
When considering joining the IC Markets Partner Program, I noticed that there are specific requirements, such as being at least 18 years old and having 1-3 years of business experience. However, I'm eager to delve deeper into the qualifications needed beyond the basic age requirement. Could you provide more details on the specific fields of experience that are considered valuable for prospective partners?
While it's mentioned that having business experience related to trading would be a plus, I'm interested to know if there are other areas of expertise that are highly regarded by the program. Does IC Markets prioritize candidates with a background in trading-related businesses, or do they also value experience in other fields? Understanding the desired qualifications and areas of expertise sought by IC Markets will allow me to assess my eligibility and potential fit for this program.
Nicholas
Jul 23 2023
What are the main differences between the White Label Partnership program and other affiliate programs? How does the White Label model stand out from regular affiliate programs in terms of product ownership, commission structure, client relationship, and control/customization options? How does the White Label program offer more flexibility and potential for higher earnings to partners who want to present a branded product or service to their clients, compared to traditional affiliate programs where affiliates promote standardized products without customization? Can you shed some light on these distinctions and help us understand the unique advantages of the White Label Partnership program?
Nicky
Jul 24 2023
Let me explain it to you! The White Label Partnership program differs from regular affiliate programs in several key aspects. In the White Label model, one company provides a product or service to another company (the retailer), who then presents it as their own. This allows retailers to build stronger customer loyalty and have more control over branding and pricing. In terms of commissions, White Label partners often enjoy higher rates, earning a significant portion of the revenue generated by their referred customers. The program offers more flexibility and customization options, allowing partners to tailor the product to their target audience's needs. Unlike regular affiliate programs, where affiliates promote standardized products, the White Label model empowers partners to create a branded offering that resonates with their clients. This unique advantage provides partners with the potential for higher earnings and a more direct relationship with their customers.
Herry
Jul 23 2023
Hey! I think I will answer your question with the example to make it little bit easy to understand what White Label things in IC Market is.
Imagine you have two options for partnership: a regular affiliate program and a White Label Partnership. In the regular affiliate program, you promote a popular trading platform as an affiliate. You earn a fixed commission for each user you refer, but you have no control over the platform's features or branding. It's like being a salesperson for the platform, but you're not in charge of how it's presented to customers.
On the other hand, with the White Label Partnership, you collaborate with a broker that offers a trading platform. They allow you to customize the platform with your logo and brand it as your own. You set your own pricing and features, catering to your target audience's preferences. So, when your clients use the platform, it's like they are using your unique product.
Moreover, the White Label model allows you to earn a substantial portion of the revenue generated by your clients, giving you higher earning potential. It's like having your own brokerage with the broker's technology and support.
Gordon
Jul 23 2023
Do we need to sign up and deposit money to become part of the White Label Partnership program with IC Markets? I heard it has the highest commission compared to the other programs they offer. I'm interested in joining, but I want to know the details. Is there a fee to become a partner in this program? And how much commission can we earn from the clients we refer to IC Markets? I heard it's a whopping 65.2% of the income generated by our referrals! Also, is there a minimum deposit requirement for the traders we refer? It would be great to get all the info, and I heard we can get the code within just 3 days. Can you shed some light on this for me? Thanks!
Hans
Jul 24 2023
Absolutely! To become part of the White Label Partnership program with IC Markets, you will need to sign up, but you don't have to worry about depositing money. Unlike some other programs, there's a minimal fee to join this partnership, but the payout is seriously impressive!
As a White Label partner, you can earn up to a whopping 65.2% of the income generated by the clients you refer to IC Markets. That's a pretty sweet deal, right?
The best part is that the referred traders don't have any minimum deposit requirement, so it's easier for them to get started. That makes it more enticing for potential clients, which can boost your earnings as a partner.
Connor
Nov 20 2023
Hey there, when exploring the IC Markets Partner Program, I've observed certain prerequisites like being a minimum of 18 years old and having 1-3 years of business experience. However, my enthusiasm to delve deeper into the qualification criteria extends beyond the basic age requirement. Could you shed more light on the specific realms of expertise deemed valuable for potential partners?
While it's noted that having business experience linked to trading is advantageous, I'm keen to uncover whether there are additional areas of proficiency highly esteemed by the program. Is IC Markets inclined towards candidates with a background solely in trading-related businesses, or do they equally value expertise in other domains?
Liam
Nov 22 2023
David
Mar 20 2024
Alright, so here's my take on it: If you're eyeing becoming an IC Market Partner, it seems like the first step is signing up for an IC Market account. That seems pretty standard for most partnership setups. Now, when it comes to the actual job, it's all about promoting IC Market to others and convincing them to trade with it. Personally, I find this part quite challenging. So, I'm curious: What are some tips and tricks for excelling as an introducer, whether you're aiming to become an IB, White Label, or just an affiliate in the forex broker world?
Federico
Mar 22 2024
Hello! So, if you're looking to make it big as an introducer in the forex broker scene, whether you're aiming for IB, White Label, or just affiliate status, here's the lowdown with my opinion of course: First off, know your crowd. Get what they're about, their needs, and what ticks them off. Then, build up that trust. Be the go-to guy or gal folks can rely on for solid advice and insights. Show off what makes IC Market shine – think killer spreads, lightning-fast trades, all that good stuff. Throw in some sweet extras to sweeten the deal, like educational content or exclusive promos. And don't go it alone – network like there's no tomorrow, team up with other pros, and spread the word far and wide. Stay sharp with the latest market gossip, and always keep learning. Track your progress, tweak your tactics, and keep hustling. Before you know it, you'll be rocking the forex world like a pro.
Alex
Mar 23 2024
Hey! Feeling a bit anxious here because I'm considering becoming an IC Markets Partner. I read in the article that IC Markets requires affiliates or partners to be at least 18 years old and have 1-3 years of business experience. It's even better if that experience is related to trading.
I'm curious about what kind of jobs count as trading experience. Like, what specific roles or industries would qualify? Thanks!
Joe
Mar 28 2024
Hey there! As I know, business experience related to trading can encompass various roles or industries where individuals have been involved in activities directly or indirectly related to trading. Some examples include:
Financial services: Jobs in banks, investment firms, or brokerage houses where individuals have dealt with financial instruments, investment products, or trading platforms.
Sales and marketing: Roles involving promoting financial products, investment opportunities, or trading services to clients or customers.
Risk management: Positions focused on analyzing and managing financial risks, including market risk, credit risk, or operational risk, which are crucial aspects of trading.
Market analysis: Jobs in research firms, economic analysis, or financial consulting where individuals analyze market trends, study asset performance, or provide insights into trading strategies.
Trading support: Roles providing administrative, technical, or operational support to traders, such as trade execution, order processing, or platform maintenance.
Entrepreneurship: Experience running a business or venture related to trading activities, such as a trading education service, signal provider, or algorithmic trading system development.
Overall, any role that involves exposure to financial markets, trading platforms, investment products, or risk management practices can contribute to relevant business experience for becoming an IC Markets Partner.