Referral programs: what did your broker offer you?

Brokers pay for referrals, which shapes the incentives of everyone recommending them — including trading communities. The terms are worth understanding.

Referral programs: what did your broker offer you? — risk-reward diagram
A risk-reward ratio of 1 to 2

Share:

  • the referral terms your broker offers
  • how they affected your view of broker recommendations
  • where you draw the line on promoting a broker
Referral programs: what did your broker offer you? — candlestick anatomy diagram
The parts of a candlestick: wick, body, open and close

Full disclosure matters in this thread; say if you benefit from a referral program.

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