Choosing the right trading platform is tricky enough, but picking the right one that also features alternative revenue streams such as referral programs or affiliate offers is like finding a needle in a haystack.
There are dozens upon dozens of platforms out there, so to better narrow down the searching required and time necessary to discover all of the most important benefits each platform has to offer, we’ve put together this list of the best trading platform with alternative revenue sources in 2020.
Each platform included is not only a solid trading platform offering a reliable experience, industry-standard tools, a variety of instruments, and more, they can provide traders with even more income by combining trading profits with the revenue stream generated by any referral programs provided by each platform.
Here are the top platforms with affiliate or referral programs in 2020, that can drive additional revenue streams beyond trading alone.
IQ Option is a pioneer trading platform for forex currencies, stocks, commodities, and more, that is equally known for its reliable trading experience as it is for its referral program.
There are two unique offers users can take advantage of. The first offers up to 50% commissions on all traders referred to the platform collectively. The second offer earns just 40% instead, however, it breaks each trader down individually preventing the collective average from hindering revenue growth.
Both options are known to generate a separate income stream that doesn’t involve trading itself, making the platform all the more interesting from a profit potential perspective.
Binance, a popular cryptocurrency trading platform offering spot trading of altcoins, Bitcoin futures, crypto margin trading and what they call the Friend Commission Kickback.
Users are able to split any earnings with those they refer. This allows traders to barter and offer an incentive to those in their social network and personal circle to sign up to the platform.
The split itself is broken up across 20%, breaking down to 10/10 or 15/5. Further playing on the friend theme, Binance includes a variety of ways to easily share their referral link with friends, including social network buttons, and more.
Binance further rewards users who hold their utility token, Binance Coin. Those who hold over 500 BNB on Binance will receive an additional 20% to split amongst their friend, bringing the total to 40% commissions and up to a 20/20 split.
In a way, holding Binance Coin itself can bring traders earnings if the value rises, however, its value can also decline.
Built from the ground up for profits, PrimeXBT’s referral program and CPA offers are nearly as lucrative as the trading tools offered by the platform catering to active traders.
Traders will earn themselves 20% in commissions on direct referrals. However, any new users that referral refers in the future, will also earn the original referrer additional commission earnings, turning a few initial signups into a massive income generating network. Top earners already have over 50 BTC to show for their efforts, according to a leaderboard on the website.
A CPA program is also offered for professional marketers such as website owners, influencers, and more. The CPA offer provides payouts from $40 for first-time deposits, up to $1,250 for active traders.
Individualized rates are also offered to the most advanced partners, ranging from $60 each for partner who has signed up over 100+ first time deposits, to $80 for partners with over 200+ first time deposits.
Furthermore, a revenue share model is offered to the professional trading community, allowing partners to earn passive income with commissions of between 40% and 70% for the lifetime of their accounts.
Huobi Global is yet another big player in the global cryptocurrency space with a strong reputation and variety of trading products.
The referral program is an extremely straightforward offer: up to 30% kickback on all trades for the life of the trader, paid out via Huobi tokens or USDT.
While the simplicity is welcome, the platform lacks additional commission tiers for top performing partners.
Bitfinex offers commissions of up to 38% when users complete a variety of conditions. First degree earns users 18%, while second and third unlock an additional 6% and 2% respectively.
Multipliers can further bolster earnings and are added when users pass each level of KYC verification, connect their social media accounts, or have an account on the platform with a holding of UNES SED LEO, that platform’s utility token. However, those who value their privacy may want to avoid it.
Like Binance, the token itself can bring earnings, however, decline is also possible and must be considered when holding the asset.
After reading through Bitfinex’s confusing commission structure, the simplicity of eToro may come as a breath of fresh air.
eToro offers a cut and dry commission of $50 for every sign up brought to the platform. Not only that, but the platform will also offer $50 to the new user as well, letting the initial user promote the free $50 to friends and family to urge them to register.
This makes driving revenue on eToro an easy sell because you can simply offer a free $50 to anyone and everyone interested, along with your referral link. You’ll net $50 and so will they, it’s a win-win.
eToro is an easy sell, but OKEx, not so much. If you have an extensive network of high wealth traders, then a fortune can be made with the platform’s referral program, but otherwise, it may be a struggle to get started earning.
OKEx has two different levels, with the second being unlocked after meeting certain conditions.
The first level requires any referrals to pass the KYC process and trade more than $16,000 worth of transactions within 180 days of registration. After the referred user completes the steps required, the referrer earns $10 in USDT.
The second level is only unlocked after a total of ten at level 1 is completed. The new setup pays out 30% commissions on each and every referral. Referrals must meet the same conditions as level one to count. The catch is though that earnings are capped at just $100 per week, which isn’t a lot for bringing over $160,000 to the platform in the first six months after signup.
Like eToro, BitMEX is often an easy sell because it lets users reach out to others with an offer of their own in-hand: discounted trading by 10% for the entire first six months of trading there after signing up through a referrer’s link.
Couple that with the platform’s popularity, and you’ve got the recipe for rapid signups. The only problem is that referred users will need to sign up in haste, as the referral doesn’t count unless they register within the first seven days of clicking the link.
Rates go up to 20% and require over 10,000 BTC in turnover to achieve. A more reasonable 1,000 BTC to 10,000 BTC is only 15%, and the lowest level offers just 10% commissions for anything under 1,000 BTC.
Summing it All Up: Which Platform Offers The Most Revenue Potential?
The best platform for driving overall revenue is also the trading platform that offers the best tools, most reliable experience, most assets, and greatest features – with among the most appealing features being alternate revenue streams through referral programs and CPA offers.
This lists outlines a variety of offers available to traders and provides some direction on which may be right for you. In the end, choosing the platform that best suits your unique individual needs is what will make you the most successful.