How to Get Forex Recovery Leads: Complete Step-by-Step Guide (2026)

Forex Crypto
2 minutes ago
12 min read

I've been in the forex lead business for seven years now. And here's something that surprises most brokers when I tell them:

Your best leads aren't the ones you haven't reached yet. They're the ones you already lost.

Recovery leads — traders who deposited before but went dormant — convert at 9.7% with average deposits of $1,840. That's better ROI than fresh leads, at 60% lower cost.

But here's the problem: most brokers have no idea how to actually get these leads.

So let me walk you through the exact process. Every step. Every detail. The same system we use to deliver 18,000+ reactivated traders.

What Are Recovery Leads, Actually?

Before we dive into the how, let's be clear about what we're talking about.

Recovery leads are forex traders who:

Registered with a trading platform (yours or someone else's)
Made at least one deposit (sometimes more)
Traded for a period of time
Then stopped — completely dormant for 7+ days

They're not "cold leads." They're not people who never traded. They're experienced traders who, for whatever reason, walked away.

Why they matter:

Think about it. These people already:

Trust online trading platforms
Understand how forex works
Have disposable income to invest
Know how to make a deposit

The hardest parts are done. Your job is just to bring them back.

Two Ways to Get Recovery Leads

There are only two routes:

Option 1: Mine your own database If you've been operating for 6+ months, you have dormant traders sitting in your CRM right now.

Option 2: Buy recovery leads from providers You purchase leads from traders who went dormant on other platforms and are now available.

Let's break down both. Step by step.

Route 1: Mining Your Own Database (Free, But Takes Work)

Step 1: Export Your Full User List

Log into your CRM or trading platform backend. You're looking for a complete export of:

All registered users
Email addresses
Phone numbers
Registration date
Last login date
Last deposit date
Total deposits made
Current balance

Most platforms call this: User Export, Customer Database, or Client List.

If you don't have direct access, ask your tech team for a CSV export.

Pro tip: If you're using MetaTrader, go to Tools > Reports > Users. Export as Excel. If you're on cTrader, use the Reporting module.

Step 2: Calculate Dormancy Period

Open the CSV in Excel or Google Sheets.

Create a new column called "Days Since Last Login."

Formula: =TODAY() - [Last Login Date Column]

Now you can see exactly how long each trader has been dormant.

Sort by this column, highest to lowest. The traders at the top are your deepest dormant users.

Step 3: Segment by Dormancy Age

Create four buckets:

Bucket A: 7–30 days dormant

Total count: ___
These are "warm recovery" — recently left

Bucket B: 30–90 days dormant ⭐ Best bucket

Total count: ___
Sweet spot for reactivation

Bucket C: 90–180 days dormant

Total count: ___
Harder to reach, but still viable

Bucket D: 180+ days dormant

Total count: ___
Long shots — only worth it if very low effort

For your first campaign, focus on Bucket B (30–90 days).

Step 4: Filter by Deposit History

Not all dormant users are equal. You want traders who actually deposited, not just registered.

Filter your list:

Total Deposits > 0
Ideally Total Deposits ≥ $200

This removes window shoppers. You're left with real traders.

Write down the count: This is your "available recovery lead pool."

For example: "I have 847 traders who deposited at least $200 and have been dormant for 30–90 days."

That number is your goldmine.

Step 5: Check Email Deliverability

Here's where most brokers mess up. They have the list, but half the emails are dead.

Take a random sample of 100 emails from your list.

Run them through an email verification tool:

ZeroBounce (recommended — $16 for 100 credits)
NeverBounce ($8 for 1,000 credits)
Hunter.io (free tier works for small tests)

What you're checking:

✅ Valid email (deliverable)
❌ Invalid (bounces)
⚠️ Risky (might bounce)

If your sample shows:

Above 90% valid → Your list is gold, proceed
70–90% valid → Acceptable, but clean it first
Below 70% valid → You have serious data quality issues

For full campaigns, run your entire list through verification. Budget ~$0.01–0.02 per email.

Step 6: Verify Phone Numbers (Optional but Powerful)

If you have phone numbers, verify them too.

Use Twilio Lookup API:

$0.005 per lookup
Tells you: active line, mobile vs landline, carrier

Why this matters: SMS and WhatsApp campaigns to recovery leads convert at 6.7% and 12.1% respectively — much higher than email's 8.4%.

But only if the numbers work.

Step 7: Create a Master Recovery List

You now have:

Verified emails
Confirmed phone numbers (if you checked them)
Segmented by dormancy period
Filtered for depositors only

Export this as a new CSV. This is your Master Recovery List.

Columns should include:

First Name
Last Name
Email
Phone
Original Deposit Amount
Last Deposit Date
Days Dormant
Current Balance (if any)

You now have recovery leads. For free.

Route 2: Buying Recovery Leads from Providers (Faster, Costs Money)

If you don't have a database or it's too small, you buy recovery leads from providers like us.

Here's exactly how that process works.

Step 1: Decide Your Target Profile

Before you contact any provider, know what you want.

Questions to answer:

Geographic focus?

UK leads
EU leads (France, Italy, Spain, Germany)
GCC leads (UAE, Saudi Arabia, Kuwait)
North America (Canada, USA)

Dormancy age preference?

7–30 days (fresh but expensive)
30–90 days (sweet spot)
90–180 days (cheaper, lower conversion)

Deposit history requirement?

Minimum original deposit: $200? $500? $1,000?
Single deposit or multiple deposits preferred?

Volume needed?

Pilot test: 100–500 leads
Small campaign: 500–1,000 leads
Full-scale: 2,000–5,000 leads

Budget available?

Recovery leads cost $50–$180 per lead depending on age and GEO
Example: 500 leads × $95 avg = $47,500

Having this ready makes the provider conversation 10x faster.

Step 2: Vet Potential Providers

Not all recovery lead providers are created equal. Many are reselling garbage.

Red flags to watch for:

❌ Can't tell you the original platform — "It's confidential" usually means they scraped it or it's fake

❌ No deposit verification — Real recovery leads include deposit amounts, dates, payment methods

❌ Shared leads — If they won't guarantee exclusivity, you're competing with other brokers for the same person

❌ Instant delivery of huge volume — "We have 10,000 UK recovery leads ready right now" = they're sitting on old inventory

❌ Suspiciously cheap — Real 30–90 day recovery leads cost $80–$180. Anything under $50 is suspect.

Green flags (what to look for):

✅ Can provide anonymized deposit screenshots

✅ Offers sample testing (50–100 leads before bulk)

✅ Guarantees exclusivity in writing

✅ Real-time or recent delivery (0–30 days aged)

✅ Transparent about data source and verification process

✅ Provides replacement policy for bad leads

Step 3: Request a Sample Batch

Never buy bulk without testing.

Ask for 50–100 sample leads.

Legitimate providers either:

Give you samples free (if they're confident)
Charge a small amount ($10–20 per lead for samples)
Apply sample cost toward bulk purchase if you proceed

Step 4: Test the Sample Leads

Once you receive the sample (usually within 24–48 hours), verify immediately.

Email verification:

Run all emails through ZeroBounce or NeverBounce
Target: 95%+ deliverability
If under 90%, that's a problem

Phone verification:

Call 10 random numbers
Target: 7+ should connect (70%+)
If mostly disconnected, walk away

Data completeness check:

Are deposit amounts provided?
Are deposit dates included?
Do IP locations match declared countries?

Duplicate check:

Search these emails in your CRM
Google search 5 random emails
If you find them in public databases or your own CRM, they're not exclusive

Step 5: Run a Conversion Test

Don't just verify the data — actually work the leads.

Assign the 50–100 samples to your best sales rep.

Use your standard follow-up process:

Email sequence
Phone calls
SMS if you have numbers

Track for 7 days:

How many you can reach (contact rate)
How many engage in conversation
How many agree to reactivate
How many actually deposit

Acceptable benchmarks:

Contact rate: 60–70%
Engagement rate: 30–40%
Reactivation rate: 8–12%

If results are close to these benchmarks, proceed to bulk purchase.

If they're significantly lower, either:

Your sales process needs work, or
The leads are poor quality — test another provider

Step 6: Negotiate Bulk Pricing

Sample passed? Time to negotiate.

Volume discounts you should expect:

100–500 leads: Standard price
500–1,000 leads: 5–10% discount
1,000–2,500 leads: 10–15% discount
2,500–5,000 leads: 15–20% discount
5,000+ leads: Custom pricing

Payment terms:

Most providers require:

50% upfront, 50% on delivery (for new clients)
Full payment upfront (after you've worked together before)
Net 7–30 payment terms (if you're a large established brokerage)

Delivery schedule:

Real-time delivery (best) — leads delivered as they're generated
Batch delivery — entire order delivered in 24–72 hours
Scheduled delivery — spread across weeks (500/week for 4 weeks, for example)

Real-time is best because you contact them while they're freshest.

Step 7: Set Up Delivery Integration

Three delivery methods:

Option A: API Integration (most efficient)

Leads flow directly into your CRM automatically
Requires developer setup (1–3 hours)
Best for ongoing campaigns

Option B: Webhook Delivery

Provider sends leads to your webhook endpoint
Requires technical setup but less complex than API
Good middle ground

Option C: Manual CSV Delivery

Provider emails you a CSV file
You manually upload to your CRM
Slowest but no technical setup needed

For your first campaign, CSV is fine. But if you're doing this regularly, invest in API integration.

Step 8: Execute and Track

Leads start flowing in. Now what?

Day 1: Immediate Action

As soon as leads land in your system:

Auto-assign to sales reps (if you have automation)
Or manually assign batches of 20–50 per rep

First contact goal: Within 30 minutes (5 minutes is ideal, but 30 is acceptable for recovery leads)

Day 1–7: Aggressive Follow-Up

Email: 3 touches in first week
Phone: 2–3 call attempts
SMS: 1 message (if you have numbers)
WhatsApp: 1 message (if permission-based)

Day 8–30: Nurture Sequence

Leads who didn't respond in week 1 move to weekly nurture:

Week 2: Educational content
Week 3: Success story / testimonial
Week 4: New offer / different angle

Tracking spreadsheet:

Create a simple Google Sheet to track:

Lead ID

Name

First Contact Date

Contact Attempts

Status

Reactivated?

Deposit Amount

Update daily. This is how you calculate your true conversion rate.

The 48-Hour Activation Sequence (What to Actually Say)

You have the leads. Now you need the message.

Here's the exact sequence we use that gets 9.7% reactivation.

Hour 0–2: Initial Blast

Send all at once:

Email #1:

Subject: Your account balance increased this week

Hi [First Name],

Quick update on your trading account:

Current balance: $[Amount]
Weekly change: +12.4%
Unrealized gains: $[Calculated]

BTC is up 18% since the February dip. Many of our dormant traders are reactivating.

We're offering a $50 restart bonus for deposits over $200 (48 hours only).

[One-Click Reactivation Link]

Questions? Reply to this email.

– [Your Name]
[Platform Name]

SMS (if you have numbers):

[Platform]: BTC up 18% since Feb. Your balance: $[Amount]. $50 bonus to restart (48hrs). [Link]

Key elements:

Personal (uses their balance if available)
Timely (market recovery data)
Urgent (48-hour window)
Easy (one-click link)

Hour 2–24: Education Angle

For people who didn't open Email #1:

Email #2:

Subject: How traders are recovering February losses

Hi [First Name],

I wanted to share something interesting.

After the February crash, we tracked traders who:
1. Reactivated within 30 days
2. Started with small positions ($200–500)
3. Used our risk management tools

Average result: +$1,240 over 6 weeks.

Not everyone won. But the traders who waited on the sidelines missed the entire recovery.

Where do you want to be when the next wave hits?

[Read Full Strategy] or [Restart Trading]

– [Your Name]

This works because:

Social proof (others are doing it)
Addresses fear (start small, use tools)
Shows results without promising them
Gentle nudge, not aggressive

Hour 24–48: Final Push

Last chance email:

Email #3:

Subject: Final reminder: $50 bonus expires tonight

[First Name],

Just 12 hours left to claim your $50 restart bonus.

Since Monday:
• 287 traders reactivated
• Average new deposit: $340
• Combined trading volume: $2.4M

If you're thinking about it, now's the time.

Bonus expires 11:59 PM tonight.

[Claim Bonus Now]

No pressure. But better to act during recovery than wait for the next peak.

– [Your Name]

P.S. Not interested? [Click here] and we'll stop the reminders.

Why this works:

Scarcity (tonight only)
Social proof (287 reactivated)
Respectful exit (unsubscribe option)

After 48 Hours: Weekly Nurture

Week 2–4: One email per week

Different angles:

Week 2: Market analysis / education
Week 3: Customer success story
Week 4: Different offer (lower minimum, competition, trading webinar)

Don't spam. Quality over quantity.

Common Mistakes to Avoid

I see brokers mess this up constantly. Don't be one of them.

Mistake #1: Waiting Too Long to Contact

Recovery leads have a half-life. Every day you wait, conversion drops.

Contact within:

30 minutes: Ideal
2 hours: Good
24 hours: Acceptable
3+ days: You've lost half the value

Set up alerts. Have a process. Speed matters.

Mistake #2: Using the Wrong Message

Don't send: "We miss you! Come back!"

Generic. Meaningless. Ignored.

Do send: "Your balance is up 12% this week. BTC recovered 18%. $50 bonus to restart (48hrs)."

Specific. Relevant. Actionable.

Mistake #3: No Phone Follow-Up

Email alone converts at 8.4%.

Email + phone converts at 15.2%.

Pick up the damn phone. Especially for high-value depositors ($1,000+).

Mistake #4: Same Minimum Deposit as Before

If they deposited $500 last time and lost money, asking for $500 again feels like a big commitment.

Lower the barrier:

Original deposit: $500
Reactivation offer: $100–$200

They'll deposit more later. Just get them back in.

Mistake #5: Ignoring Why They Left

If someone lost money on your platform, pretending it didn't happen is insulting.

Acknowledge it: "Market volatility happens. Here's what we've improved: [risk tools, education, support]."

Then offer a fresh start: "Start small. Test the waters. No pressure to go big right away."

Empathy + lower barrier = 6.2% conversion vs 2.1% ignoring it.

Mistake #6: Giving Up After 7 Days

Most brokers send 2–3 emails in a week and quit.

Recovery leads often convert in week 2–4.

Keep nurturing for 30 days minimum. Just reduce frequency (weekly instead of daily).

Real Example: What 500 Recovery Leads Actually Looks Like

Let me walk you through a real campaign we ran in March 2025.

Client: Mid-size forex broker, UK-based

Goal: Reactivate dormant traders post-February crash

Budget: $47,500 for leads + $8,500 for campaign management

The leads:

500 UK recovery leads
30–90 days dormant
Original deposits: $200–$5,000
Average original deposit: $680

What we did:

Day 1:

Delivered all 500 leads via API integration
Immediately assigned to 3 sales reps (166 leads each)
Triggered automated email + SMS sequence

Day 1–2 (48-hour blast):

Email open rate: 37%
SMS open rate: 89%
Phone contact rate: 68%
Early reactivations: 47 traders (9.4%)

Day 3–7 (follow-up week):

2 more emails
Second round of calls
Additional reactivations: 23 traders (4.6%)

Day 8–30 (nurture phase):

Weekly emails
Retargeting ads
Additional reactivations: 9 traders (1.8%)

Final results (30 days):

Total reactivations: 79 traders
Conversion rate: 15.8% (well above our 9.7% benchmark)
Total deposits: $136,840
Average deposit: $1,732
Cost per reactivation: $601
Revenue per reactivation: $1,732
ROI: +188%

Why it worked:

Timing (6 weeks post-crash = sweet spot)
Lower minimums ($100 vs original $500+)
Fast contact (average 18 minutes to first touch)
Multi-channel (email + SMS + phone)
Empathy in messaging (acknowledged the crash)

That's the power of proper recovery lead execution.

Cost Breakdown: What to Actually Budget

Let's say you want to run a 1,000-lead recovery campaign.

Lead costs:

1,000 leads × $95 average = $95,000

Verification (if self-sourced):

Email verification: $0.01 × 1,000 = $10
Phone verification: $0.005 × 1,000 = $5
Total verification: $15

Tools:

CRM (if you don't have one): $50–300/month
Email sending: $0 (use your existing)
SMS credits: $0.05 per SMS × 1,000 = $50
WhatsApp API: $0.005 per message × 500 = $2.50

Labor:

Sales rep time: 40 hours × $30/hr = $1,200
Manager oversight: 10 hours × $60/hr = $600

Campaign management (if outsourced):

Full-service: $8,500–12,000

Total budget:

DIY approach: $96,867Full-service: $107,152

Expected return (at 9.7% conversion, $1,840 avg deposit):

97 reactivations × $1,840 = $178,480 in deposits
Net profit: $71,328–82,613
ROI: 73–85%

And that's just the initial deposit. Lifetime value is 3–4x higher.

Frequently Asked Questions

How long do recovery leads stay good?

30–90 days is the sweet spot. After 180 days, conversion drops to 2–4%. After 1 year, they're essentially cold leads again.

Can I use recovery leads for crypto as well as forex?

Yes. In fact, crypto recovery leads often perform better — crypto traders are more volatile in their behavior, which means more dormancy, but also more willingness to jump back in during market movements.

Do recovery leads work for prop firms?

Absolutely. Prop firm traders who failed a challenge once are great candidates to try again, especially if you offer a discount on the rechallenge fee. We've seen 11–14% conversion for prop firm recovery campaigns.

Should I lower my KYC requirements for recovery leads?

No — if they're truly recovery leads from your own database, they're already KYC'd. If you're buying them, they should come from platforms that already KYC'd them, but you still need to verify identity. Never skip compliance.

What if my database is really small (under 500 traders)?

Then buying recovery leads from providers makes more sense. You can also run recovery campaigns more frequently on your small database — every 60 days instead of quarterly — since they refresh faster.

How often can I reactivate the same recovery leads?

First attempt: 30–90 days dormant (best results)Second attempt: If they didn't respond, wait 60 days, try again with different angleThird attempt: If still nothing, wait 90 days or move them to a long-term nurture sequence

Don't spam them monthly. You'll burn the list.

Is it legal to buy recovery leads from other platforms?

Yes, as long as:

The traders opted in to third-party communications
Proper consent was logged
You're compliant with GDPR/CCPA/local laws
The provider can show you the consent trail

Always ask for proof of consent before purchasing.

Ready to Get Your First Recovery Leads?

You now know exactly how to get forex recovery leads — whether you're mining your own database or buying from providers.

The two-minute action plan:

If you have an existing database:

Export your user list today
Filter for depositors dormant 30–90 days
Verify 100 sample emails
Launch a 48-hour test campaign this week

If you need to buy leads:

Define your target (GEO, dormancy age, volume)
Request samples from 2–3 providers
Test 50–100 leads with your best rep
Scale what works

At ForexCryptoLeads, we deliver both:

✅ Your own database analysis and reactivation campaigns
✅ Exclusive recovery leads from 30–180 days dormancy
✅ Full 48-hour campaign execution
✅ Average 9.7% reactivation rate, $1,840 deposits

We've reactivated 18,000+ dormant traders since 2020.

Recovery lead packages:

500 leads: $47,500
1,000 leads: $95,000
Custom campaigns: Contact us

Or if you want us to analyze your existing database and run the campaign for you: $8,500 for full execution on up to 2,000 of your own dormant traders.

For Faster communication you can speak to us in Live Chat or in TG @fx_cryptomarketing

About: ForexCryptoLeads has delivered 129M+ leads and reactivated 18,000+ dormant traders since 2019, specializing in UK, EU, GCC, and North American markets.

Last Updated: February 20, 2026 | Category: Recovery Leads, Lead Generation, Forex Marketing