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HY affiliates program.Any partners here to provide a review?
swordseeker
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22 Feb 20 8:44 pm

HY affiliates program.Any partners here to provide a review?

Hello everyone! I've tried working on affiliate programs in financial sector already and find the niche quite promising. My new potential partner is HYCM broker.
Some of the info I've managed to find on their affiliate program looks outdated. So I'm wondering if anyone worked with the company recently. Thank you for any reviews and suggestions on HY affiliates! "
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uperald
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26 Feb 20 9:25 pm

 The niche is indeed promising, especially if the partner practices revenue share option. In this case if you get lucky enough to bring in the moneybag, the revenue share might turn out to be rather impressive. However, there are also lots of specific details you will have to pay attention to when targeting the campaigns. For example, choosing only last IPhone model audience won’t work as good as it would let’s say in a beauty and jewelry industry. Traders can come out of all casts and have very different initial level of income. Moreover, they simply can turn out to be rather strange people and own an android phone simply because it’s got “fair value”.
Also a lot depends on the marketing tools that you plan to use.
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Site Admin
maryt
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27 Feb 20 2:53 am

 There is not much reviews about this affiliate but I have found the following links as useful references:

https://www.topratedforexbrokers.com/hycm/

https://55brokers.com/hycm-review/
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swordseeker
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28 Feb 20 3:53 pm

 Lol, looks like you've had some experience. In fact I have some trading background myself. Not an impressive one, but still good enough to understand what you are talking about. From what I see in the HY affiliates dashboard, the marketing tools are very diverse. They are adopted to target various language groups, vary in the purpose and even the assets customers can potentially be interested in. Which is good in case we will have a Bitcoin 2.0 situation when everyone gets carzy about trading some particular asset.
I'm not that sure about revshare option being the best choice here. CPAs seem to be little more steady source of the income.
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uperald
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13 Mar 20 7:14 pm

 Actually I think this moment right now can be a good chance to dive in the topic. Yeap, investors lose money, but trading is not only about investing. If you look around trading forums at the moment, you’ll see that people have 50/50 opinion on what’s happening. Some say the world economic crisis is near and tend to cash their investments. Others say this is a volatile times on the markets and this is exactly when the good money are to be made.
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swordseeker
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16 Mar 20 8:57 pm

 yes, this can be used in promotional campaigns, I guess. HY is a regular forex broker and many of their clients trade intraday, don’t invest long-term. It will be true to tell potential customers that if they doubted whether they wanna start trading on financial markets - this is the time!
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uperald
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28 Mar 20 2:05 am

 Well, that’s just one of the ideas for promo campaign. To be realistic, you have to be prepared to generate an idea after idea, try different approaches, experiment with traffic sources and promo kits before you find out what works better. Moreover, as long as HY affiliates have different types of payout systems, this is the other thing that you will need to experiment with. It takes time.
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llum44
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14 Apr 20 9:35 pm

 In spite of the common spread opinion that affiliate marketing requires tons of investments, special software for analysis and other tricks to get that +5-10% return on your traffic expenses, this really is true that alternative approach can generate much better results. For this particular situation with forex, I’d suggest finding trading bloggers that will be willing to include the native ads in their content. Just make sure these people have some loyal auditoria.
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swordseeker
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15 Apr 20 7:01 pm

 Exactly what I was thinking about myself. but I see the two problems here.
1. How can we know the auditoria is loyal and non-sceptic
2. Famous bloggers charge fortunes for their promo postings
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llum44
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23 Apr 20 9:57 pm

 Well, loyal subscribers always leave many comments, communicate with each other there. So basically friendly comments will tell you what’s going on there in subscriber’s world. Just make sure the comments look genuine. If those are paid ones, there is no point to start promoting there. Normally, its easy to see of the community consists of real people or bots. Its like a 10 minutes investigation that you will need to do.
As for the second point… well, you’ll need to be finding bloggers that have not been spoiled with fame yet.This is your part of the job. Money doesn’t come out of air, you know..
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swordseeker
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26 Apr 20 7:13 pm

 True, it does not :)
I was thinking about scepticism. You know, I think this is actually why HYaffiliates is a good option. The broker has taken care of all the licenses and regulations, and I think this is what makes people sceptic most of the times. They fear forex scam. If broker is regulated and safe, we can fight that fear effectively.
Thanks for the advise!
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tekasa
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07 May 20 2:16 pm

 Unfortunately this is true that the myth of all forex brokers being a scam is really widespread. I would have thought so too if I didn’t know the guys who are actually making money with forex trading. I think if the plan is long-term and you are really interested in the niche overall, that would be nice to create some educational resource for newbies that can help them get through the first difficulties everyone faces when starts trading and then turn this resource into an affiliate source of traffic. The approach requires investing not only the money, but time as well.
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swordseeker
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17 May 20 12:36 am

 Thanks, but I think that there are enough educational resources anyway on the internet. I don’t think I can create a really good one on my own and I don’t have enough budget to hire professionals that can help with that. So far I’ve tried traditional traffic + ready-to-go ads that hy affiliates offer themselves.
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uperald
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25 May 20 3:27 pm

 What countries did you target? And how did you like it?
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swordseeker
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29 May 20 1:33 pm

 The company is not interested in the US traffic. Europe didn’t work out too well and I’ll be glad to get zero sum on this segment, but Asian market turned out to be very sensitive to the topic. I’ve got lots of leads so far. Not many of them funded accounts, which means … well, I hope this means they simply need more time there to make up their minds. The numbers look promising.
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tekasa
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16 Jun 20 8:47 pm

 Good to know, thx for sharing.
I've got another idea in mind. Lots of brokers offer some kind of a bonus program, traders' tournaments, other special offers. These can probably used to hook the new customers with a better chance of subscription than simple ads and standard marketing kits and banners.
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swordseeker
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20 Jun 20 4:30 pm

 Correct, and this is actually why Asian region works better. HY offers a welcome bonus for non-EU customers, that work under some other regulatory rules than it's EU subsidiary. So this is another reason why EU clients are not that eager to apply. CySEc regulations that they work under in Europe limit the leverage significantly, don't allow any tournaments and bonuses. So basically good spreads and other trading conditions is the only attractive side of the broker that we can show them.
You are definitely right that a welcome bonus works better, so this is why I plan to continue targeting Asia for now, cuz here we've got this bait of a wecome bonus that get added to the funded account.
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shadowsmasher
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13 Jul 20 6:24 pm

 Speaking of regulations, I've noticed that this is kinda great problem with brokers. People say they want a broker to have a NFA regulation or SySEC. From what I see Hy does not have a NFA regulation but a SySec only. Can this be a problem, what do you think?
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llum44
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15 Jul 20 12:29 am

 You can't market to the US customers in case they haven't got the NFA regulation.
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swordseeker
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15 Jul 20 8:40 pm

 Correct, NFA regulation is for the USA.
American government won't be happy if you try marketing to their citizens without providing a significant security level to their funds. You know, its not worth messing with the US government lol
In any case, HY does not work with the US customers, so tht's not a problem if you ask my opinion.
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llum44
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17 Jul 20 11:37 pm

 Gotcha, tnx for the anwers everybody. I still see the absense of the NFA regulation as a disadvantage. Guess will pass on this affiliate partner.
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uperald
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19 Jul 20 12:08 am

 I wouldn't consider this issue from this perspective only. You see, the NFA requires that all brokers must have at least 20 million dollars of their own cvapital invilved to support the liquidity and stability of the brokerage itself.
Moreover they charge some crazy fees so that brokers can be covered with their regulations. Inevitably this results in extra trading fees as customer have to pay for it all in the end.
CySEC works for EU customers, they also imply some limitations on the brokerage yet in some sense this regulator is preferable as they offer a balanced set of restrictions and advantages on the other side of the stick. THis is why customers from all over the work like it when the broker has got a CySEC regulations. On the one hand hey know there is a decent broker's yearly audit, on the other hand this regulation is not expensive enough to result in outrageous trading fees like it happens with NFA regulations.
Please not that non-EU customers won't be subjects to SySEC limitations on leverage, etc, as they will work with the other branch of HY, regualted by even less strict authorities. FOr them the CYSEC regulation will be nothing but a quality mark that the parent company wears.
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llum44
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19 Jul 20 10:01 pm

 Oh, that makes it all much more clear! Tnx indeed!
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tekasa
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12 Aug 20 1:26 pm

 LOL, I've seen one of my facebook friends promoting the broker via his personal website
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swordseeker
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13 Aug 20 11:14 am

 I thought you can't promote any brokers on Facebook 8) There are lots of limitations for ads on Facebook in any case, but for CFD brokers' affiliates that's a real Mordor. Even if they are realible and regulated like HY
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tekasa
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15 Aug 20 11:06 pm

 Probably true, as he only shared the article from his website and definitely didn't leave any ref links in facebook directly.
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llum44
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16 Aug 20 5:53 pm

 The policy sounds very stupid if you ask my opinion. Brokers spend millions of dollars to get reliable regulations like NFA's or at least a cheaper but still ok one from CySEC. And then they can't market themselves on FAcebook, simply cause CFD traders often lose money. Yeap they do, but they also know this well enough and they know what they are doing. At least if you promote regulated brokers, people will have less chances to run into a scam or some money-laundry machine.
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swordseeker
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17 Aug 20 3:00 pm

 Agree, promoting regulated brokers should definitely be legalized everywhere. What kind of a liberty can we talk about if people aren't allowed to manage their savings as they wish. I can understand the ban of alcohol or tabacco promotion as it ruins health. But why limit people in the ways they want to spend their money. Moreover, they have a chance to trade well with HY broker either!
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tekasa
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19 Aug 20 1:49 pm

 That's not up to us to decide unfrotunately. I'm trying to find out whether he's got some nice leads at the moment. Did anybody get any so far BTW?
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sohaibsiddiqui045
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20 Aug 20 11:16 am

 Nice question, if I know the answer, it will help me a lot.
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swordseeker
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21 Aug 20 7:47 pm

 I think I'll get my first payouts next month, fingers crossed. I did a good job and I wanna taste some fruits now.
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tekasa
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23 Aug 20 1:50 am

 Sounds good. I bet you deserve the sweetest ones. The harvest is there when the fruit is ripe though.
Let us know in any case.
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swordseeker
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06 Sep 20 10:28 pm

 The time has come!
I've requested the withdrawal and hopefully it won't take long for the moneyh to arrive. I was afraid the August won't be fruitful, as I know traders don't like being involved in markets at summer, yet all went fine and moreover, the leads that I though I've lost already and they will never fund their accounts - they woke up and funded.
So that's a piece of some good news that I wanted to share as promised.
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uperald
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07 Sep 20 3:51 pm

 I hope the money is on account already. If it's not, than probably the info on the partner is not 100% reliable yet.
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swordseeker
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10 Sep 20 8:49 pm

 I've made a withdrawal request last Friday. Yesterday I've got the money on account. Wire transfer takes little long unfortunately.
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uperald
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13 Sep 20 8:45 pm

 Thanks for specifying the details, I appreciate.
Do I remember it correct, you've used the CPA approach only, correct? Are you still pleased with this choice?
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uperald
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18 Sep 20 7:18 pm

 UPD from Swordseeker (discussed in PM):
swordseeker wrote:Yup, CPA only for now.
You know, that's difficult to answer your question. I think that CPA is very good for a start, when you want to get some returns asap. On the other hand, one of my leads has funded account with $7000 and I think it could be much more profitable if such leads were coverfed with rev share or lot rebate program. The problem is you never know in advance (
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Last edited by uperald on 12 Oct 20 11:06 am, edited 1 time in total.
 
tekasa
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21 Sep 20 3:44 pm

 OMG, 7K to be sacrificed on the altar of Forex! Can't believe people don't know the other ways to waste the money.
In any case you've done well with hy affiliates. I didn't expect you to make it all the way through to tell the truth but I'm glad all went well eventually.
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uperald
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22 Sep 20 5:04 pm

 Well, we don't really know whether that person is a professional trader or just a guy who 'doesn't know the other ways to waste the money'
I sincirely wish him success on the market, but my wish would have been even more sincere if we've worked on a revenue share basis with HY LOL
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swordseeker
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12 Oct 20 8:33 pm
uperald wrote:UPD from Swordseeker (discussed in PM):
On the other hand, one of my leads has funded account with $7000 and I think it could be much more profitable if such leads were coverfed with rev share or lot rebate program. The problem is you never know in advance (

uperald, I've shared that information in private communication and there was a reason for that. I don't appreciate sharing it in public without my concern. This info can be viewed as privacy sensitive by HY affiliates managers and I will need to explain why this info is in public now.
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uperald
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14 Oct 20 12:15 pm

 Sorry, man, I just thought that was interesting to know for everyone in the thread. Didn't want to get u in trouble and I'm pretty sure I did not. We did not disclose any names and account numbers here. Sorry once again.
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dala
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15 Nov 20 7:32 pm

 Hello, everyone. I am experimenting with payment models for now. As far as I know, different Commission Types can be combined in HY affiliate. So, I want to compare them. For example, to launch one campaign on the model of a CPA, the second one – Rev-Share. Does it make sense to do this?
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swordseeker
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16 Nov 20 1:36 pm

 Yeap, that`s true. You can use some approaches at once. Good idea. Tell us about your experiment later )
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shadowsmasher
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18 Nov 20 11:47 am

 Hm, it's interesting to know how to determine which type of commission for which ad campaign is better to apply?
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tekasa
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18 Nov 20 2:59 pm

 Well, obviously, it's better to choose a CPA if you launch a campaign in the UAE or the UK, for example. There are often maximum rewards on this model. But that's the way I think about it. Correct me if I'm wrong, please.
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swordseeker
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19 Nov 20 1:47 pm

 Yes, HYaffiliates offers the highest rewards for clients from these countries. It's so.
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dala
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30 Nov 20 1:18 am

 Let me tell you more about my ideas at the moment. I want to buy a Telegram channel about trading or investments. I have seen exciting ones with 20,000 - 30,000 subscribers.
I'll explain it. I noticed that trading signals are usually published in Telegram channels. That's why this messenger has all chances to become a point of concentration for traders. I'll look for them there!
But there is one issue. I will not be able to separate the audience from different countries in the Telegram. There is no targeting there. So, it's a question of how to mix different types of commissions in this case.
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swordseeker
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30 Nov 20 1:45 am
Well, obviously, it's better to choose a CPA if you launch a campaign in the UAE or the UK, for example. There are maximum rewards on this model. But that's the way I think about it. Correct me if I'm wrong, please.


I've been thinking about it for a while, and I've come to the following conclusion. The choice of the commission type depends not only on geography. I mean it does matter, but with some other details to consider.
I think it's also relevant to consider the characteristics of the target audience. For example, if it's newcomers, it's definitely better to choose the CPA model. Because there is a high probability that their passion for trading will pass quickly. This means that in the long term, they will not bring you money.
And if you're targeting more advanced traders, it's optimal to use the Rev-Share model. Since these ones tend to trade long and with high volumes.

Let me tell you more about my ideas at the moment. I want to buy a Telegram channel about trading or investments. I have seen exciting ones with 20,000 - 30,000 subscribers.
I'll explain it. I noticed that trading signals are usually published in Telegram channels. That's why this messenger has all chances to become a point of concentration for traders. I'll look for them there!
But there is one issue. I will not be able to separate the audience from different countries in the Telegram. There is no targeting there. So, it's a question of how to mix different types of commissions in this case.

That's a good question. Any ideas on how to solve the problem?
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tekasa
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16 Dec 20 4:46 pm
dala wrote:Let me tell you more about my ideas at the moment. I want to buy a Telegram channel about trading or investments. I have seen exciting ones with 20,000 - 30,000 subscribers.
I'll explain it. I noticed that trading signals are usually published in Telegram channels. That's why this messenger has all chances to become a point of concentration for traders. I'll look for them there!
But there is one issue. I will not be able to separate the audience from different countries in the Telegram. There is no targeting there. So, it's a question of how to mix different types of commissions in this case.

Yes, in your case, it's difficult to choose the type of commission. The method that Swordseeker offers is also tricky to apply. Because you don't know exactly what kind of audience is in the channel. Well, indirectly, you can look at the composition of the audience through analytics services. There you can see gender, age, and sometimes even from which ads people came. So try this option. But why don't you want to develop the Telegram channel yourself? If you were to recruit an audience for your channel by yourself, you could target only certain regions, for example.
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dala
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18 Dec 20 3:15 pm

 Hadn't thought about it! It seemed too complicated to me.
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shadowsmasher
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21 Dec 20 2:55 pm

 I realy like the idea about CPA for beginners and Rev-Share for advanced traders is exciting. I never thought of it that way.
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swordseeker
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28 Dec 20 2:13 pm

 Yeap, it's really about experience and being able to analyze information. By the way, it was the in-depth analytics, including that really attracted me to hy affiliates at one time.
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llum44
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19 Jan 21 3:26 pm

 huh, what kind of analytics is there? Please tell me. Maybe I will also be interested.
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swordseeker
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23 Jan 21 10:11 pm

 Certainly) I'm referring to the Reports section in my Personal Area. It has everything you might need in affiliate marketing, from the number of unique visitors for each campaign to attracted traders' history. It's easy to track every possible parameter and optimize your results.
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llum44
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26 Jan 21 10:00 am

 Oh, that's interesting. Usually, affiliate programs use some questionable services with link tracking problems and other nonsense.
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dala
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29 Jan 21 9:31 am

 Yes, I've heard about that too. But this is the first time I've heard about in-depth analysis in HY Affiliates.
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swordseeker
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18 Feb 21 1:03 pm

 How are things going with the Telegram channel? Did anything come of your idea? It's so exciting.
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dala
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19 Feb 21 9:42 am

 Yes and no. Both. I gave up purchasing a ready-made telegram channel. It is expensive, and I'm buying a pig in a poke. So I started my own channel, which already has 2,500 readers. I have already received about 10 leads from it. And 1 referral even funded his account, so I'm waiting for my first payout!
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agamagelv
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22 Feb 21 9:15 am

 Oh, congratulations! How long did it take you to get your first rewards? P.S.: hello everyone :)
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dala
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27 Feb 21 2:09 pm

 It takes about two and a half months. But my other leads haven't made the deposit yet, which makes me a little sad.
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dala
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07 Mar 21 1:48 pm

 Hello, everyone. I’m excited to share the news! Recently I did a collaboration with another Telegram channel. As a result, my channel has grown very substantially. And the number of leads has also increased.
But most importantly, those who have registered on my referral link a month or two ago have started depositing! Finally, my efforts began to yield results. I’m absolutely chuffed with it!
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swordseeker
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10 Mar 21 10:45 am

 Congratulations to you! By the way, I also want to share my progress. There is one more deposit from a lead who registered a long time ago. So it's true that in affiliate marketing, the result does not come at once.
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agamagelv
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20 Mar 21 12:58 pm

 Hy, guys. You are hotshots in this! I read this thread and realize that success in affiliate marketing is not a matter of chance.
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swordseeker
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22 Mar 21 4:46 pm

 Thnx and welcome:) I hope you found something useful here.
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agamagelv
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30 Mar 21 12:37 pm

 Absolutely. Before it, I had a mess in my head about how to start attracting referrals. But now I have some clarity and a couple of exciting ideas:)
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swordseeker
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05 Apr 21 4:11 pm

 That's interesting. Share with us the ideas that you want to take as a basis. Perhaps we can add something. I remember how much I needed support and advice at the beginning of my journey.
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agamagelv
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14 Apr 21 12:51 pm

 Well, I've already discarded the idea of promoting the broker on Facebook. Although everyone says that there is a very solvent audience. But I've read here that there are many restrictions on the advertising and promotion of brokers. So I'm not considering media buying.
But attracting traffic from Asia with the help of the website seemed like a great idea to me.
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swordseeker
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22 Apr 21 10:18 am

 Yes, I see that you have read this thread carefully :) Well, in fact, there are no universal recipes here. Someone promotes the broker's services through the website, someone through a Telegram channel. But the main thing that you should know how to use such tools.
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dala
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27 Apr 21 1:26 pm

 I absolutely agree. You need to understand the mechanics of working with this or that medium for promoting. I, for example, don't know anything about Clubhouse. Accordingly, I don't use it to attract a new audience. Although this social network is now at the peak of popularity. And I know affiliates who are successfully promoting the broker there.
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agamagelv
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05 May 21 4:52 pm

 The more I learn about Asian market in regard of forex the more I find this region to be the most promising one. Looks like the share of retail traders is constanly growing there. I hope I'm not missing anything.
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swordseeker
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07 May 21 10:01 am

 Most brokers' don't pay too much for the leads from this area. The issue is that they normally don't deposit as much as cusotmers from wealthier countries.
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llum44
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17 May 21 7:00 pm

 It's also worth noting that the fact that the number of customers in the area can't grow forever. There was the potential in Asia for sure, but the more people start trading the less potential remains LOL.
So the point is to notice the area where the potential is still huge but that's not that obvious yet.. Possibly South Americas is where the potential is, but I'm not sure.
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swordseeker
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28 May 21 12:23 pm

 Good idea about South Amwericas. I found out that Brazil's forex market has been growing diring the last several years, but not for as long as it's been growing in Asia. The local financial situation created some interest and attention in Brazil to retail forex trading. I guess its worth digging a bit deeper in the subject.
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agamagelv
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29 May 21 11:44 am

 Once again the discussion turned out to be much more useful than I could have hoped! Thanks yall for great suggestions!
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tekasa
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09 Jun 21 10:54 pm

 I think growing markets are good in terms of the number of leads, but most of them are newbies, which makes the conversion process more complicated.
In my opinion, having a flow of leads is not enough to make good money in affiliate marketing. You need to make an effort to convert those leads into clients. So you have to find a sales person, arrange conversations and feedback from potential depositors, keep posting attractive and motivational content. But the content itself does not push people to action. You need to find out personal goals, concerns and objections to overcome them and push people.
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shadowsmasher
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14 Jun 21 10:21 am

 I’ve heard about chat-bots to create auto-funnels for sales in Facebook messenger. The basic idea is to create a conversation algorithm, describe possible objections and make the robot talk to leads with the purpose of pushing them to make an action. Has anyone tried this approach?
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swordseeker
Posts: 97
Joined: 17 Feb 19
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24 Jun 21 11:09 am

 I personally doubt the efficiency of such a chat-bot. It looks like a quiz with options to answer, no chance to type anything. Most people would understand that they talk to a robot. They don’t like such automation.
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tekasa
Posts: 53
Joined: 01 Jun 19
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27 Jun 21 4:51 am

 You should not bother about that. Especially if you target people ready to invest last cash in margin trading with a high leverage haha. But I agree about the human factor. The only concern is that talking to all of the leads is time-consuming, but conversion jumps in that case. Try to offer additional services like consulting or market analysis or education.
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