Johannesburg, 21 April 2022: In the wake of financial uncertainty, more people are looking to online trading to take control of their financial wellbeing. The markets are attracting thousands of new online traders every year as a viable way to make extra income and work towards financial freedom. But even for those who don’t actively want to trade, there is another, lesser-known way to generate extra income on the financial markets, via CMTrading’s Partner programme and their newly launched website as an Introducing Broker (IB).
Trading is not for everyone. But for anyone not quite ready or confident enough to throw their hats into the trading market just yet, or for traders who would like to supplement their trading income even more, referrals can generate money in the financial markets without any financial investment or even any trading knowledge.
An IB goes into partnership with a trading company and refers people who want to sign up or learn how to trade. IBs use various methods to refer people. These include their personal networks – friends, family, colleagues, etc. They could also use their social media influence or websites, or just go through their phone contact lists. Anyone referred by the IB who signs up with the partner brokerage earns a commission every time the person they referred trades.
Building partnerships
Referral income is a safe, affordable way to generate a passive income, and this new money-spinning trend is gaining momentum fast.
IBs can work from anywhere, anytime, and receive a commission for client referrals. In addition, when partnering with a reputable trading company, IBs are supported by a partner portal that tracks their referral clients’ activity, on-boarding and revenue generation in real-time. IBs also receive access to reporting tools and statistics, and all commissions are automatically paid on each closed trade, generating ongoing passive income.
IBs are essentially agents for trading companies, which provide a safe environment that allows people to learn how to trade successfully. They provide education, offering guidance for people to trade forex and commodities successfully.
Capitalising on social collateral
Many IBs simply tap into their social networks to identify potential clients or use their existing business connections and resources as leverage to generate referral income. Some link referral banners to their webpages.
Charlie Charalambous, Head of Global IBs for CMTrading says, “Passive income through referrals allows you to potentially achieve financial independence and create an income stream that ultimately creates wealth. This is not a get-rich-quick scheme but a real chance at financial freedom and partnership in a brokerage’s success.”
CMTrading offers forex professionals, educators, social media influencers and fund managers several opportunities to make an income through referrals; and provides a safe, regulated trading environment for both inexperienced and established traders.
To start your journey with CMTrading as an IB, visit www.cmtradingpartners.com
