@TheGooner 215004 wrote:
Forex is not a “gambling product” and frankly the e-Toro attempts to promote along the same lines are a bit of a joke, quite strange, and probably illegal in most financially regulated countries where the promotion of these products is quite sturctured. Foreign exchange is a financial instrument and a trading tool.
I think FX is much more loosely regulated than traditional domestic-based markets, since it spans the world, and that is probably how eToro (and several others) get away with this. When eToro’s program first came out, I did some very preliminary research, and didn’t see anything that jumped out at me, as being totally illegal. REV SHARE for FX does seem a tad shady, IMO. However, there are several domestic brokerages (e.g., eTrade) that have affiliate programs – eTrade is a prominent US-based brokerage house that has a CPA program through Commission Junction.