Are you an experienced forex trader looking to take your skills to the next level? Do you want to trade with a larger account size but lack the capital to do so? If so, then you may want to consider becoming a funded trader with FTMO.
FTMO is a forex funding platform that provides traders with the opportunity to trade with a larger account size and earn a share of the profits. However, becoming a funded trader is not easy. You need to pass their evaluation process, which includes meeting certain trading criteria and risk management rules. This is where FTMO referral comes in.
In this article, we will discuss what FTMO referral is, how it works, and how it can help you become a funded trader.
What is FTMO Referral?
FTMO referral is a program that allows existing FTMO traders to refer new traders to the platform. When a new trader signs up using a referral link, both the referrer and the referee receive a discount on the evaluation fee.
The referral program is a win-win situation for both parties. The new trader gets a discount on the evaluation fee, which can be quite substantial, while the existing trader receives a commission for referring them.
How Does FTMO Referral Work?
To participate in the FTMO referral program, you need to be an existing FTMO trader. You can find your referral link in your account dashboard. Simply copy the link and share it with your friends or followers on social media, forums, or blogs.
When someone clicks on your referral link and signs up for an evaluation, they will receive a discount on the evaluation fee. The amount of the discount depends on the account size they choose. For example, if they choose the 100K account, they will receive a $100 discount.
Once the new trader passes the evaluation and becomes a funded trader, you will receive a commission based on their account size. The commission ranges from 100 USD to 500 USD, depending on the account size.
Benefits of FTMO Referral
There are several benefits to participating in the FTMO referral program:
1. Discount on Evaluation Fee: As an existing trader, you can offer your friends or followers a discount on the evaluation fee. This can be a significant saving, especially for those who are just starting out.
2. Commission: When someone signs up using your referral link and becomes a funded trader, you will receive a commission. This is a great way to earn some extra income while helping others achieve their trading goals.
3. Networking: By participating in the referral program, you can expand your network of traders and potentially learn from each other. You may even find a trading partner or mentor.
4. Motivation: Referring others to the platform can be a great motivator for you to continue trading and improving your skills. It can also help you stay accountable and focused on your trading goals.
How to Maximize Your FTMO Referral Earnings
To maximize your earnings from the FTMO referral program, you need to be strategic in your approach. Here are some tips:
1. Share Your Referral Link Widely: The more people who click on your referral link, the higher the chances of someone signing up and becoming a funded trader. Share your link on social media, forums, blogs, and other platforms where traders hang out.
2. Offer Value: When promoting FTMO, focus on the benefits of becoming a funded trader and how it can help traders achieve their goals. Offer value by sharing your experience with the platform and answering any questions they may have.
3. Build Relationships: Instead of just promoting your referral link, focus on building relationships with other traders. Engage with them on social media, participate in forums, and attend trading events. This will help you establish trust and credibility, which can increase the chances of someone signing up using your link.
4. Be Patient: The FTMO referral program is not a get-rich-quick scheme. It takes time and effort to build a network of traders and refer them to the platform. Be patient and persistent, and you will eventually see results.
Conclusion
FTMO referral is a great way for existing traders to earn some extra income while helping others achieve their trading goals. By offering a discount on the evaluation fee and receiving a commission for referrals, you can maximize your earnings from the platform. However, to be successful in the referral program, you need to be strategic in your approach and focus on building relationships with other traders. With patience and persistence, you can become a successful FTMO referrer and earn a steady stream of income.
