Hello Aristos, could you give us a brief insight into HotForex. When was it established, what products do you offer.
First I want to thank you for giving me the opportunity to introduce HotForex and at the same time elaborate in more detail about the HotForex Affiliate Program.
HotForex received its Global Business License on the 20/04/2010. As an STP/ECN online forex broker HotForex offers various accounts, trading software and trading tools to trade forex for individuals, fund managers and institutional customers.
Headquartered in Mauritius and supported by our worldwide Customer Management Centre’s, HotForex offers Retail, IB and White Label Clients the opportunity to access interbank bank spreads via state of the art automated trading platforms.
With so many forex brokers competing, what are the factors that distinguish you from the rest of your competition?
Our progressive and dynamic management team has many years of active trading experience across a number of platforms and markets.
Through their own personal and corporate experiences they have come to recognized that the traditional web based forex brokers are being placed under increased pressure due to their delays in trade executions, frequent system failures and ultimately poor customer service. This is what HotForex will look to rectify through high end technology products, low cost commissions/spreads and unrivaled customer service.
Through our policy of straight through processing, electronic communication network (ECN) and flexibility of allowing both scalpers and traders using expert advisors unrestricted access to our liquidity, HotForex is positioning itself as the forex broker of choice for traders worldwide.
From the forex affiliate industry, hfaffiliates by far offers the highest revenue share at 50% and 25% for sub affiliates. Are there are any fine prints? How do you manage to give out such big deals?
There is no fine print. We do offer the highest revshare in the industry, and we are very proud of that! It’s quite simple, we give out such high commissions because we want volume.
How are commissions calculated at hfaffiliates? Could you explain with an example?
Affiliates earn commission based on the number and size of trades done by the clients they refer. Each time a trade is completed the affiliate earns 50% of the spread (difference between the buy and sell price) when the transaction is closed.
Say John Doe is trading 1 lot of EURUSD and the spread is 6 pips at the time Mr. Doe closes his transaction, the affiliate has earned 3 pips. Depending on the size of the lots traded that can translate to anything from $0.30 to $30.00, regardless of whether or not Mr. Doe made or lost money.
Keep in mind that as an affiliate you earn commission on every trade. So every time a trade is completed you get commission.
Can you give us some tips from your best performing affiliates, something other new affiliates to HfAffiliates could use?
For those of you who are new to being a forex affiliate the best advice I can give you is that above all else patience and persistence pay off.
Forex traders are funny people. There are many different types of traders. Some of them like to trade small amounts and if their money runs out they make another small deposit. Some make small deposits until they familiarize themselves with the service and then make larger deposits once they feel more comfortable. Others might try the system, leave and then come back a few weeks later after researching the market more. There are also those who will start trading large from the beginning.
If your traffic isn’t targeted towards forex traders it might take a bit of time before your referrals start making decent trades, but once they get used to the system they will start trading larger amounts and more frequently. Be patient.
For a new affiliate signing up at HotForex affiliate program, what are the things to bear in mind? Are there are restricted countries you do not accept traffic from?
There are no restrictions on countries, we accept and convert all traffic. HotForex affiliate program can convert your foreign traffic which might not convert so well in other markets.
What factors, in your opinion sets apart the successful forex affiliate from the rest?
Great commissions and high conversion rates. Affiliates want to make the most out of their traffic, and why not, they deserve it. This is why the HotForex affiliate program offers the highest revenue share in the industry!
There are so many forex affiliate programs out in the market. How different is HotForex affiliate program from the rest.
Not only does HotForex offer 50% revenue sharing, which is the largest in the industry, we convert.
The forex industry is getting to be fast competitive. What in your view will set apart the major players from the rest?
There are several things that set us apart from the competition, but the main things are, honesty and transparency, low spreads for traders, excellent multi-lingual customer service, and the highest revenue sharing around.
What is the one thing you love about your job as an affiliate manager and what is the one thing you hate the most.
Only one thing? If I have to narrow it down to one thing then it has to be watching the commissions of our affiliates grow as their referrals trades grow in trading volume and larger amounts.