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Screenshot of a breaking news alert e-mail from Q2 2017
LeapRate Exclusive… LeapRate has learned that one of the early regulated FX brokers in offering crypto trading to its clients – is restarting paying affiliates active in its affiliate program AvaPartners for bringing on board what it defines as ‘cryptocurrency traders’.
As was exclusively reported by LeapRate in December, AvaTrade decided to stop paying affiliate commissions for new crypto traders, defined as customers with trading volume containing 75% or more of cryptocurrency instruments. For existing crypto traders, AvaTrade also said at the time it was going to cap its Revshare payouts to affiliates on cryptocurrency instruments at a maximum of 20%.
At the time, AvaTrade blamed the halt on back office issues as the crypto trading craze took hold.
Well it seems as though AvaTrade has its back office back in order, and sent out a missive today through its affiliate network that it was back in business for cryptos.
However, AvaTrade is going at it fairly conservatively, limiting the payout per customer to a $100 CPA. CPA rates for ‘regular’ Forex and CFD traders run much higher at most brokers, in the $400-600 area. AvaTrade’s AvaPartner is also offering a CPa-Revshare hybrid deal for affiliates, where the CPA portion is $50.
AvaTrade sent out a note today to its affiliate network on the matter, full text follows:
Cryptos are making a comeback!
We are happy to inform you that as of February 8th, we will be fully ready to take on your cryptocurrency traders!
You are welcome to contact our Partner Support Department today to create a tailor-made commission plan for your crypto traffic.
Please note: affiliates who fail to contact us will get the basic deal structure for their crypto traffic:
- CPA deal will be $100
- Hybrid (Rev-Share + CPA) deal CPA portion will be $50
Reminder: cryptocurrency traders are customers with spreads consisting of 75% or more of cryptocurrency trades. The final percentage calculation will be made at the end of each month.
As of February 8, the commissions for CPA and hybrid deals will be triggered only once a customer has traded at least 50$ bid/ask spread (closed position).
Please note that the first-time deposit minimum amount is 250 (USD/EUR/GBP/AUD). Make sure you update your creatives accordingly. These changes will be applicable for all traders (FX, CFD, Crypto, etc).
We are working around the clock to update the above within the AvaPartner reports. In the meantime, the above-mentioned changes might not be reflected in your reports.
The Team at AvaPartner