← Guides

How to track your forex IB referrals and earnings

Every client you refer is tagged to you from signup. Your registrations, funded accounts and rebates update every day — no month-end statement, and no taking anyone's word for what you're owed.

That last clause is the point of this page.

Why attribution is the thing to watch

Tracking failure is the most common way partners quietly lose money in this industry, and it rarely announces itself.

Someone clicks your link, gets distracted, comes back two days later through a search instead — and signs up unattributed. Or they open the link on a phone and register on a laptop. Or a cookie expires. Or they were tagged to a different partner months ago and nobody noticed.

None of these produce an error message. They produce a number that's slightly lower than it should be, in a way that's indistinguishable from your marketing simply not working. Partners conclude their content isn't converting when in fact it converted and wasn't counted.

The only defence is being able to see the underlying data quickly enough to spot the gap while it's still reconstructable.

What you can see

Registrations — who signed up through your link. The top of your funnel, and the first place a problem shows.

Funded accounts — who actually deposited. The gap between registrations and funded accounts is your onboarding friction, and it's usually where the biggest fixable loss is.

Rebates — what your clients' trading has earned you, updated daily.

Three numbers, refreshed every day. The reason that matters isn't impatience about payment — it's that a daily number is a feedback loop and a monthly number isn't. You can see on Wednesday that Monday's approach worked, while the campaign is still running and you can do more of it. A month-end statement tells you what happened, once, long after you could have acted.

The funnel is where the answers are

Most partners look only at the rebate total. It's the least useful of the three, because when it's disappointing it doesn't tell you why.

Read the stages against each other:

Few registrations? A reach or trust problem. People aren't clicking, or aren't clicking from you.

Registrations but few funded? People are interested and stalling at signup. Usually verification friction, payment-method confusion, or nerves. This is the most fixable stage and the most commonly ignored — often a single conversation with each person recovers it.

Funded but low volume? People deposited and aren't really trading. Sometimes hesitancy, sometimes they don't know where to start. Either way it's an engagement problem, not an acquisition one, and referring more people won't fix it.

Same disappointing total, three completely different responses. That's what the breakdown buys you.

What to check in any programme

Whoever you partner with:

Can you see per-client data, or only a total? If it's only a total, you're trusting them entirely. You should be able to see which clients traded and what volume they generated.

How is attribution determined, and how long does it last? Cookie window, or permanently tagged at signup? Permanent tagging is meaningfully better.

What happens if someone signs up without your link? Ask whether it can be corrected manually and what evidence they need. The answer tells you a lot about how they treat partners.

How current is the data? Real-time, daily, or a monthly statement.

Tell me when a number looks wrong

The practical advice, and the reason daily tracking is worth having.

If you referred someone and they're not showing up, say so quickly. With daily data and a fresh trail, mis-attribution is usually fixable — we can find the signup and correct the tag. Weeks later, with a month-end statement and a client who's forgotten how they arrived, it often isn't.

Partners who check their numbers weekly catch these. Partners who look once a month mostly don't, and never learn what they lost.


Tracking is described as it currently operates; no income is promised or implied, and earnings depend on your clients' trading activity. Please read the risk disclosure. Apply here or book a call if you want to see how it works first.