Who pays for that broker review?
Before trusting any 'honest review' of a binary options broker — including ours — it is worth understanding exactly how the money flows in this industry.
How the affiliate model actually works
| Model | What the affiliate receives | What it incentivises |
|---|---|---|
| Revenue share | 50–70% of the referred trader's net losses | The affiliate literally earns when you lose |
| CPA | Fixed payment per funded account | Incentive: get you to deposit, at any cost |
| Hybrid | Smaller CPA + smaller revenue share | Both incentives, diluted |
| Sub-affiliate | A cut of other affiliates' earnings | Why the same content is copied across hundreds of sites |
Why this shapes what you read
Ask yourself who pays for the page you are reading. If the answer is "the broker, when you deposit", then every editorial decision leans one way: legality questions get answered optimistically, risk sections get shortened, win rates get inflated, and the "verdict" is always to sign up. It is not that affiliates are villains — it is that you cannot expect an honest 'don't do this' from someone paid when you do it.
This is exactly why our page on Quotex's legal status in India reaches the opposite conclusion of most search results: we have no deposit to gain.
How to spot a conflicted review in 10 seconds
- The signup link has tracking parameters (
?ref=,/aff/, a redirect domain). - No regulator is named — no RBI, SEBI, BAPPEBTI, SECP, CVM, FCA anywhere on the page.
- Win rates above 70%, "guaranteed signals", or screenshots of profits without a losing day.
- A "risks" section that is one polite sentence long.
- The same paragraphs appear, near-identical, on a dozen other domains.
Our model, stated plainly
The bot is free and open source. We run no affiliate links and receive nothing if you open an account anywhere. We ask for an e-mail to send the download and occasional study updates — that is the whole business model. It is why we can write that OTC is random, that 70% win rates are a myth and that some platforms are unauthorised where you live.
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FAQ
How much do binary options affiliates earn?
Typically 50–70% revenue share on a referred trader's net losses, or a one-off CPA payment per funded account. Either way, the affiliate is paid more when you lose more or deposit more.
Does that make every review site dishonest?
Not automatically — but it explains the pattern. When 'is X legal in my country' is answered with an enthusiastic yes and a signup button, the incentive is doing the writing.
How do I spot a conflicted review?
Look for: a tracked signup link, no mention of regulators, no downside section, claimed win rates above 70%, and a 'verdict' that never says 'don't'.
Do you use affiliate links?
No. Our bot is free and open source and we run no affiliate links, which is exactly why we can publish pages saying a platform is unauthorised in your country.
⚠️ Educational content, not investment advice. Binary options carry a high risk of total loss and are restricted or illegal in several countries.