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Capital.com vs Saxo Bank: Which Forex Affiliate & IB Program is Better?

Scale your partner business with precision. A data-backed breakdown of Capital.com and Saxo Bank, analyzing commission structures, regulatory safeguards, and the trading conditions that keep your clients active for the long term.

Compare Variables
Capital.com
Trustpilot 4.6 14,947 reviews
Saxo Bank
Trustpilot 3.7 8,660 reviews
Partnership analysis
Key Advantages
  • Lifetime Revenue SharePartners earn ongoing commissions for the lifetime of the introduced traders, maximizing long-term earning potential.
  • Extensive Market AccessThe broker offers over 6,000 tradable assets across forex, indices, commodities, shares, and cryptocurrencies.
  • Zero Commission TradingCapital.com charges 0% commission on trades, which can be a strong selling point for affiliates marketing to cost-conscious traders.
  • Extensive Regulatory FrameworkSaxo Bank holds licenses from multiple Tier-1 regulators, including the Danish FSA, FCA, and MAS, providing a highly secure environment for client funds.
  • Comprehensive Multi-Asset OfferingPartners can market over 71,000 instruments across forex, stocks, bonds, ETFs, and commodities, catering to a diverse and sophisticated client base.
  • Advanced API IntegrationThe broker provides robust OpenAPI technology, allowing partners to create bespoke, fully integrated user experiences and seamless front-to-back operations.
Considerations
  • Limited Withdrawal MethodsCommission payouts for the IB program are restricted to wire transfers or direct deposits to a trading account.
  • Variable SpreadsThe broker utilizes variable spreads which can fluctuate depending on market liquidity and volatility.
  • Geographic RestrictionsThe partnership program is only available for clients residing in specific countries supported by the Bahamas (SCB) regulated entity.
  • Proprietary Platform FocusThe broker relies heavily on its proprietary SaxoTrader and SaxoInvestor platforms, which may require a learning curve for clients accustomed to standard third-party software.
  • Institutional Target AudienceThe extensive product range and sophisticated tools are primarily tailored toward advanced traders and institutional clients, potentially limiting conversion rates among novice retail traders.
  • Stringent Onboarding RequirementsAs a highly regulated bank, Saxo enforces strict KYC and compliance protocols, which may extend the time required to fully onboard and activate referred clients.
Entity & registration
Registered entity
Bahamas
Denmark
Headquarters
Cyprus
Denmark
Offshore entity
Bahamas
Not Disclosed
Regulatory licences
Regulatory Status Highly Regulated Highly Regulated
Regulatory licences FCAASICCYSECCMA KENYASCB DFSA DENMARKFCAMASFINMACONSOBJFSA
Key affiliate snapshot
Payout Frequency Monthly Monthly
Tracking Method Not Disclosed Not Disclosed
Withdrawal Methods Wire transfer Not Disclosed
Sub-IB Tiers Not Disclosed Not Disclosed
Last verified Aug 2, 2026 Aug 2, 2026
Commission Structure
RevShare (% of spread/commission) Up to 40% Not Disclosed
CPA Model Not Disclosed Not Disclosed
Hybrid Model Not Disclosed Not Disclosed
Tracking & Integrations
Attribution model Not Disclosed Not Disclosed
Cross-device tracking Not Disclosed Not Disclosed
Affiliate cookie duration Lifetime Not Disclosed
Tech Stack Readiness API API
Marketing & Creatives
Landing pages Not Disclosed Not Disclosed
Banners Not Disclosed Not Disclosed
Educational materials Not Disclosed Not Disclosed
Promo codes Not Disclosed Not Disclosed
Widgets Not Disclosed Not Disclosed
IB Support
Dedicated account manager Available Available
Sub-IB tracking tools Not Disclosed Not Disclosed
Custom partner conditions Not Disclosed Not Disclosed
Client Trading Conditions
Trading Platforms MT4WebTraderTradingView Not Disclosed
Tradable markets & scope CommoditiesCrypto CfdsEtfForexIndicesStocks≈ 6000 instruments BondsCommoditiesCrypto CfdsEtfForexIndicesStocks
Min Deposit (FTD) Not Disclosed $0
Max Leverage 1:200 Not Disclosed
Execution model STP ECN
Avg EURUSD Spread 1.3 pips Not Disclosed
Spread type Variable Not Disclosed
ECN commission (per lot) $0 per lot Not Disclosed
Bonus campaigns Not Disclosed Not Disclosed
Swap-Free / Islamic Accounts Not Disclosed Not Disclosed
Crypto deposits (traders) Not Disclosed Not Disclosed
Reduced-KYC onboarding Not Disclosed Not Disclosed
Investment Programs
PAMM / MAM System Not Disclosed Not Disclosed
Compliance & Geo
Restricted Countries Not Disclosed Not Disclosed
US Clients Acceptance Not Disclosed Not accepted