SYDNEY, Australia, Sept. 20, 2022 (GLOBE NEWSWIRE) — Global FX and CFD broker Axi has announced a significant overhaul of its Introducing Broker (IB) program, with a more flexible structure that focuses on building stronger relationships. and helping partners grow their referral business in a sustainable and profitable way.
The revised structure will initially be rolled out to partners in the Asia region who will benefit from better distribution of rebates, the ability to earn rebates on all account and product types, new trading products, reduced spreads on a range of existing products, availability of leverage up to 1:1000 and additional earning potential via a second tier of sub-introducing Brokers.
Louis Cooper, Axi’s Chief Commercial Officer, said, “Axi’s partner team has listened carefully to what merchants and referrers want in today’s market, and I think we’ve delivered a very compelling package that s builds on the superior service we provide to customers, sets us apart from our competitors, and reflects what our partners really need to achieve long-term sustainable growth.
The new structure is centered around clearly defined tiers that provide flexibility to earn rewards based on the volume of referrals made. As a partner refers more customers and total transaction volume increases, they become eligible for greater rewards.
“Fundamentally, our business is built on an exceptional trading service that provides clients with everything they need to gain an edge in the markets. With this firmly in place, we have the ability to develop and maintain very strong relationships through our IB program.
“We have a wonderful team dedicated to helping our partners realize their ambitions as benchmarks, and we will reward them very well when they do. We are interested in establishing real partnerships
that are mutually beneficial, and that’s what we offer now and in the future.
With greater public awareness and interest in cryptocurrencies and other crypto assets, Axi has taken this opportunity to help its referral partners by expanding its existing product line to 77 cryptocurrency CFDs, with a full volume profile data feed through the MetaTrader 4 (MT4) trading platform.
Gavin Ward, COO of Axi, said: “The announcement of a suite of new cryptos for the Axi trading platforms coincides with a spike in volatility in the broader cryptocurrency markets, which offers terms that many of our traders prefer.
“Axi has worked closely with leading cryptocurrency exchange group OK Group to provide the highest quality liquidity and a comprehensive volume profile. This means that Axi and our partners are well positioned to provide not only the products and opportunities that crypto traders want to invest in right now, but also promising assets that might otherwise go unnoticed.
To further enhance the attractiveness of the underlying trading service, the broker is reducing spreads on several products and introducing the ability to trade with 1:1000 leverage.
Chul Lim, the company’s Managing Director for Asia and Global Head of Partner Strategy, says, “A common complaint from clients trading the news is that some brokers reduce their leverage before major market events where a significant volatility is expected. Adding 1:1000 leverage to Axi will give these clients more stability and consistent control during these periods, allowing traders to manage their trading risk and increase control over the periods. of volatility. This gives more power to our customers.
Updates to the Axi Partner Portal were also announced, with the aim of improving the overall user experience and making it easier for partners to manage their accounts and access critical information. In the coming months, it will expand further to offer instant withdrawals, credit card profit withdrawals, and profit and rebate withdrawals via cryptocurrency.
According to Louis Cooper, “Our sponsorship business was already growing rapidly, but now, with an even more compelling service in place, we look forward to welcoming many more customers and partners to the Axi family.
Axi is a global online Forex and CFD trading company, trusted by thousands of ambitious clients in over 100 countries around the world. We help new traders, professional traders, trading companies, banks and financial organizations find the edge they need to achieve their financial goals through informed transactions made in global financial markets. Axi offers a wide range of assets, including CFDs for multiple asset classes including forex, stocks, cryptocurrency, gold, silver, coffee, and other commodities.
At Axi, we pride ourselves on our reputation as an honest, fair and trustworthy broker. Our numerous awards and “excellent” reviews via Trustpilot prove that we have earned the trust of customers who value our exceptional service, fast execution, secure payments, segregated funds and easy withdrawals.
Additionally, we also work proactively with key governing regulatory authorities globally to ensure that we exceed the highest industry standards.
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