As a forex affiliate, you should be constantly on the lookout for ways to improve your offering so that you can get more clients, more trading volume and grow your business.
With thousands of FX partners out there, differentiating yourself can sometimes feel like a thankless task. But luckily for our partners, here at TIO we’re constantly working to make your life a little easier.
Recently, we’ve been trialling a new trading signals app called TIO Signals, which uses Trading Central’s best-in-industry signals. The feedback so far has been excellent.
The new app, available on iOS and Android, is also sure to help our affiliates and IBs increase their earnings even further. Here’s why.
What Are Trading Signals?
Trading signals are a set of analysis that a forex trader can use to decide whether to buy or sell an asset at a certain price. TIO Signals offers traders information such:
- Open position price target
- Close position price target
- Stop-loss price
- Alternative scenarios
Our signals are based on technical analysis indicators as well as fundamental analysis.
Why Traders Love Signals
Signals tick so many of the boxes that traders look for when they’re seeking new tools to help them out with their trading.
Simplicity – No Staring At Charts For Hours
Not every advantage in the markets is created equal. Knowledge of how to use the Ichimoku Cloud technical indicator can certainly be considered an advantage. But let’s face it, getting there is such a bore.
We in the FX business often inherit this idea that traders are obsessed with learning every indicator and chart pattern under the desk lamp. And many advanced traders indeed rub their hands in glee every time they see a chart that looks like an infant’s been over it with a crayon.
The truth is, if most traders had their way, they would never even look at an indicator again, never mind study one until the candlesticks start to throb.
Most traders want one thing above all: simplicity. As the saying goes, “everybody wants to go to heaven, but nobody wants to die”. Traders want to be raptured into profit paradise, but very few will want to spend their lives trying.
That’s why trading signals are such a great tool – because they offer the quick-hit guidance that most of your traders crave, but they’re backed by real substance.
The signals are based on analysis done by experts who have already done the hard work, and the “working out” is provided to the trader as part of every signal.
Seductively simple, yet with the comfort of complexity in the background.
Easy, Painless Access
Let’s look again at the contrast between indicators and signals.
Which one is easier to use from anywhere?
Signals are available as an app on the trader’s phone, are just as easy to use from mobile devices as on the web, and have notifications that let you know when a signal becomes available. Lemon squeezy.
Ever tried using a Fibonacci retracement tool on a mobile screen? We don’t recommend trying it unless your phone can withstand impact with a wall at 50 mph.
Indicators are simply too inconvenient for many modern traders. They’re not easy to use when you’re on the go, and when they are available, you usually have to spend several hours staring at charts before the analysis is complete or a conclusion is reached.
Signals on the other hand are always available, always with the same ease of use. They’re not only simple, but they’re convenient too.
What’s In It For Partners?
So how does a tool that’s so good for traders translate into reasons it’s so good for affiliates?
Encourage More Trades
The statistics, at least on this occasion, don’t lie. Traders who use signals trade more often and in higher volumes than those who don’t. Why?
Firstly, the mere availability of signals draws your client’s attention to the markets more frequently. When you learn of a genuine opportunity to make money, it’s hard to just ignore.
Secondly, signals give traders confidence in their trades. Because traders know that these signals come from market experts, and by being able to see the analysis done behind the scenes, signals help ameliorate the fear that grips so many traders, and frees them up to enter the markets at a more frequent rate.
It goes without saying that higher volumes lead to more earnings for you.
Encourage Higher Deposits
Trading signals help increase deposit volumes for two reasons.
- TIOmarkets has a minimum $500 deposit requirement in order to be eligible for signals. Many traders will take advantage of the offer because they are actively seeking to use a signals tool. Those who try the free version of our app are doubly convinced. Remember, we take every care to ensure that clients who put down a $500 deposit with us don’t run the risk of financial discomfort in their personal life.
- The draw of signals often means that those who can deposit multiple times the minimum of $500, because they expect to be trading more. They want to take full advantage of their new service.
Signals can help you increase your average deposit volume, and in turn, increase your commissions and rebates.
Increased Lifetime Value
Our data shows a clear correlation between the use of signals and the extended lifetime value of a client. That means every trader you bring in who uses signals will continue to generate commission for you for a longer period.
Why TIO Signals?
We’ve plugged into Trading Central to create an app that improves on most of the offerings currently in the market.
Here are a few things your clients are sure to love about TIO Signals:
Variety of assets: Many signal providers offer only signals that cover the base currencies, plus maybe gold and oil. This can limit your audience from the get-go, and is more likely to lead to disengagement over time.
TIO Signals offers a wide variety of trading signals, covering all majors, crosses, metals, energies and stocks.
Clear and concise: Often, signals will come in hard-to-read formats, like complex looking charts which are hard to decipher on their own.
While we also offer a chart with all data points included on it, we also break the signal down into easy to read, actionable instructions on how to follow the signal.
Frequent opportunities: In contrast to many signal providers, who release signals once or twice a day, our app continuously releases the latest analyses for hundreds of assets, whenever they become available. This leads to wider use of our signals, and therefore more frequent trades.
The Bottom Line? Your Bottom Line
Signals are one of the most proven tools you can offer your network to gain a higher number of clients, deposits and trading volume, and ultimately grow your commissions by a tidy factor.
TIO Signals is a clean, crisp app that your network is sure to pounce on, and we can’t wait to reward you for it.
If you’re not already a partner with us, register here to start offering TIO Signals to your network, and join one of the most highly rewarding FX partner programmes around.
Risk disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Never deposit more than you are prepared to lose. Professional client’s losses can exceed their deposit. Please see our risk warning policy and seek independent professional advice if you do not fully understand. This information is not directed or intended for distribution to or use by residents of certain countries/jurisdictions including, but not limited to, USA & OFAC. The Company holds the right to alter the aforementioned list of countries at its own discretion.