Over the last decade, the stock market has been growing steadily, recovering quite well from the market crash in 2009. Although the industry is still slightly complex, more people are looking to get into stock investing. Investors injected $569 billion into the sector within the last five months, against $452 billion during the 2009-2020 bull run.



As the stock market’s value increases, more people are looking to leverage this. For this reason, affiliate marketers are now using stock trading affiliate programs as an ideal way of earning from their existing traffic.

As is the case with other affiliate programs, there are several of these referral programs, and choosing the best can be a daunting task. Don’t worry; we went to all the trouble so you wouldn’t have to. This article highlights all the vital information you need to know about referral programs for stock trading and how to filter out the best stock trading affiliates programs.



Keep reading for some insightful tips, including why you should consider joining an affiliate program.

What Are Stock Trading Affiliate Programs, And How Do They Work?


Before getting into the nitty-gritty details, let’s start by defining what these programs are and how exactly they work.



Stock market affiliate programs are not any different from other affiliate marketing programs. They are a marketing channel that many stockbrokers are now turning to in a bid to get more traders on board. The programs are an agreement between the affiliates and the stockbroker’s affiliate program (which may be internal or outsourced), which awards a commission for bringing more traders on board.



Usually, the affiliates have a website or blog, which brings in significant traffic. All they have to do is advertise the stockbroker’s platform and services to their audience. Depending on the agreement in place, the affiliates then earn commissions whenever any of their referrals takes a particular action, such as signing up for an account with the online stockbroker.

In any affiliate program, there are four critical players, all of whom play specific roles to ensure the program’s success:



The merchant is the business that provides the products and services being advertised. In this case, the online stockbroker is the merchant. Usually, the merchant will also offer strategies and tips that you can use to promote their services.
The affiliate marketer is the person who implements various marketing strategies to promote the merchant’s products in return for some commission. In many cases, the marketers are website owners or bloggers who advertise the merchant’s products to their audiences. They use various advertising methods and channels including links, banners, reviews, social media, SEO, PPC, and more.
The consumer is an individual customer who buys/consumes the merchant’s products or services. Some consumers may reach the merchant through direct channels, however, in the case of affiliate marketing, they reach the merchant through the advertising elements of the affiliate.
The affiliate network is the intermediary between the affiliate and merchant that manages the entire referral program and processes. The affiliate network or program uses an affiliate tracking platform that makes it easier for the merchant and the marketer to keep track of everything. The network often features an automated system that tracks and manages referral links, purchases, and commissions due to the affiliate. An example of a top affiliate network is Algo-Affiliates.