XM has an affiliate program that allows you to earn commissions, but self-affiliation is prohibited. Some of you who are thinking about starting an affiliate will not know what is prohibited and what is OK. I am writing an article about affiliate rules.
About XM Affiliates
XM Affiliate (XM Partner) is XM’s referral program, and new traders can earn rewards when trading after opening an account with XM from blogs and sites. You can get up to $10 rewards for each round trip lot (100,000 currency), and it is attractive that you can earn rewards continuously. In addition, there is also an affiliate method of introducing affiliates (partners) to XM. Please refer to the following articles.
XM prohibits self-affiliation
The biggest advantage of affiliates in XM is that they can earn income continuously, but there are also caveats. It means that self-affiliation is prohibited. XM prohibits self-affiliation and any violation will result in the termination of the partnership. There are other penalties such as confiscation of profits and freezing of accounts, so be sure not to violate them.
What is a self-affiliate (self-back)?
Self-affiliate (self-back) is to open an account by yourself via your own affiliate link, trade and earn rewards. In the case of a self-affiliate, you cannot say that you have “introduced” a trader because the referral target is yourself. Since XM wants to acquire more traders, self-affiliation is considered an NG act.
Affiliate marketing is different from trading.
Affiliates receive commissions through referrals, not trades. Unlike trading, you do not make a profit by investing directly. XM is a popular overseas FX company, and after registering an account, if you generate profits, you will need to file a separate tax return regardless of withdrawals. If you have any questions, please log in and ask support.
Anything that generates revenue is OK
Affiliate income generation conditions can be automated trading (EA), scalping, or both. If the introduced user confirms his/her identity, uploads and authenticates his or her ID, and trades while following the terms of use, he or she can receive a commission fee. However, if a user’s account is frozen, they will not be eligible for earnings. If you are an affiliate, you can ask the manager for details from My Page.
Banner links and text links
Affiliate programs allow you to easily generate income by getting people to register using valid dedicated banner links and text links. Income is generated directly when users use their funds to trade currency pairs, cryptocurrencies, stock indices, etc. As mentioned above, if no prohibited acts are discovered, profits will be generated. You can earn money without any experience. If you get results, you can earn about the monthly salary of an office worker.
Affiliate with family and friends
XM prohibits self-affiliation, but family and friends are allowed to register as traders or sub-affiliates (sub-IBs). If your family and friends register, you can create a system similar to self-affiliate marketing. From XM’s perspective, affiliate marketing to family members is simply introducing XM to someone other than yourself. The points are summarized below. It is also written on the management page. If you violate this, your reward will be zero.
Violations
As mentioned on the official website, if you use someone else’s ID without their permission to register from the screen, it is not only a violation of XM’s terms and conditions, but also falls under the abuse of personal information. You will not receive any compensation, regardless of the amount. Regardless of the purpose, it is prohibited to use or set up another person’s information such as name and address. Your account will be frozen regardless of the amount you earn.
Open an affiliate account with the same IP address
In the case of family affiliate marketing, there are cases where family members register as partners and open accounts from the same computer environment. XM allows family affiliates to use the same IP address. However, even if it is a family member, please understand that opening multiple accounts on your own without the person’s specific permission is an absolute no-no.
Register a self-affiliate on a cashback site
For people who live alone or who find it difficult to get help from family members, we recommend self-affiliation using a cashback site. If you use a cashback site, you don’t need to go through the troublesome procedure using your family as introduced above. Cashback sites are attractive because you can get up to $ 8 per lot, but instead, accounts created via cashback sites cannot receive bonuses.
If you want a bonus, you can create an additional account and create a separate account, but the disadvantage is that the cashback account and the bonus account are separate.
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