HY affiliates - forex related program. Any reviews or comments?

I’ve got the feeling that affiliate programs that deal with forex related business can be rather interesting. Isn’t it the niche where the big money is?
I wonder if anyone tried working with HY affiliates program. Any reviews? They offer up to $1000 CPA. Sounds like smth worth paying attention. Or am I wrong?

 

Thank you indeed for the answer. You are right, forex is a highly competitive sphere as well. HY group is more of a forex company from what I know. They offer some crypto assets for their clients to trade, but generally this is a regular online brokerage with some nice company's history and regulations, which I know traders pay attention to.
I can't say unfortunately that I've got the best expertize to know of all trader's expectations and preferences. My brother has been trading forex for a while so I guess I can use him as my personal marketing campaigns guinea pig for experiments. I guess you are also right that it's gonna be difficult to manage without some nice intelligence platform.

 

Thanks indeed for sharing your studies. I really appreciate.
I bet this has changes since the coronavirus outbreak. Moreover, I do believe as more people stay at home now, more of the m will get interested in some work-from-home jobs. Why not trading? No, don't answer the obvious thing, I'm speaking of people's overall attitude. Bloomberg has posted yesterday, that US receives 10-15 times more of new unemployment claims these days compared to same dates last year. I bet same thing happens in Europe and Asia. Moreover, I start thinking of shifting the approch from quantity targeting to quality. if anyone's interested, I'll keep you posted.

 

I think it’s rather risky to start with a traditional approach here. As it was said above, a zero sum effect is not that unlikely. What I personally did already is negotiating with opinion leaders. Have had two decent candidates already. One of them has got a loyal auditoria of traders, cuz he was teaching them trading. If I help him with get traffic to his webinars, he can help with promotion of HYCM for trading. Conversion rates should be much higher than from regular traffic. And the plan is to get all of his current community for free, lol

 

Oh, come on, with such an approach you can’t do business with anybody at all. Sure, traders want some privacy, but noone is going to send a partner the copies of the signed documents. It just shows in the dashboard like a number of active traders you’ve got, and what stage they are at. That simple.

 

Well, that really depends on what you agree upon. CPAs have to meet the min requirements. The payout is done once they trade a certain amount of lots (usually 5 lots is enough) and/or a minimum deposit must be done. The amount of deposit varies and that’s discussed separately with the HY representative before you start a campaign.
Personally, I’ve chosen revenue based payouts. Like when traders pay broker commissions and I get 10% of those. I’ve done this for the sole reason I’m pretty confident about the quality of the leads. They are all real traders and won’t work with $100 depos like newbies prefer to do. Moreover, it’s a lifetime deal for their accounts and passive income is my real goal here.

 

I hope so, I hope so man.
I've started working on it seriously few weeks ago. We've got 4 registrations at the moment but only 2 deposits funded. If we've chosen CPA, we could have withdrawen the first payouts already. As long as its rev share, we are still counting pennies ((