CoiniGo Shuts Down the Flat-Fee Scam for IBs

A famous Crypto payment gateway CoiniGo has unveiled an ambitious new referral program that promises to disrupt traditional payment service provider (PSP) compensation models across the Forex Ecosystem. The “Refer a Broker and Earn Forever” initiative offers lifetime commissions and uncapped earnings to Business Development Professionals, Payment consultants, and introducing brokers.C

The timing appears strategic. MENA ranked as the world’s seventh-largest cryptocurrency market last year, generating $338.7 billion in on-chain transaction value, yet regional FX brokers continue struggling with inadequate payment infrastructure and referral partners who lack proper incentive structures.

Breaking the One-time Payment Ceiling

CoiniGo’s program fundamentally challenges how PSPs compensate referrers by eliminating the traditional flat-fee model that has dominated the industry. Instead of offering single payments ranging from hundreds to low thousands of dollars, the company now provides 0.15% to 0.20% recurring commissions on all transaction volumes processed by referred brokers, with no cap and no expiry date.

“The IBs in the MENA region deserve more than a one-time payout, they are one of the mostt prominent fuel that runs the Forex Ecosystem,” said Tania Tajik, Head of Operations at CoiniGo. “Cryptocurrencies are no longer on the fringes of the mainstream—they are the mainstream.”

The math is compelling for referrers: a broker processing $10 million in monthly crypto volume would generate approx $18,000 to $24,000 in annual recurring commissions. Under traditional models, the same referral might yield a one-time $2,000 payment regardless of subsequent volume.

Immediate Rewards Alongside Long-term Income

Beyond lifetime commissions, CoiniGo offers immediate cash bonuses of $200 to $1,000 per successful broker integration, with no complex milestone requirements.

Perhaps most significantly, CoiniGo assumes full responsibility for post-referral operations. Once an introduction is made, the company’s sales and technical teams handle all subsequent client interactions, from initial presentations through integration and ongoing support. This removes the operational burden that traditionally falls on referrers in PSP programs.

Purpose-built for Challenging Jurisdictions

CoiniGo’s crypto-native infrastructure addresses the regulatory complexity and settlement speed issues that plague conventional banking solutions in these markets.

“Despite widespread adoption, digital currencies are still not being used to their full potential,” Tania noted. “That’s what we’re trying to do at CoiniGo: enable both traders and FX brokers to generate steady crypto revenue streams.”

The platform offers instant deposits and withdrawals through cryptocurrency processing, designed specifically for brokers operating in jurisdictions where traditional PSPs face regulatory or operational challenges.

Industry Implications

The launch signals a broader shift in how payment companies approach business development partnerships. By treating referrers as genuine business partners rather than disposable intermediaries, CoiniGo’s model could pressure competitors to restructure their own compensation frameworks.

The program’s focus on crypto-ready infrastructure also reflects the payment industry’s evolution toward digital currencies, particularly in emerging markets where traditional banking infrastructure remains limited.

As global cryptocurrency adoption continues accelerating, CoiniGo’s approach suggests that sustainable, relationship-based referral models may become the new standard for payment service providers seeking to scale in high-growth regions.

Follow CoiniGo

LinkedIn: https://www.linkedin.com/company/coinigo/

X: https://x.com/officialcoinigo

Medium: https://medium.com/@coinigo

YouTube: https://www.youtube.com/@CoiniGo