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FBS vs IC Markets Global: Which Forex Affiliate & IB Program is Better?

Scale your partner business with precision. A data-backed breakdown of FBS and IC Markets Global, analyzing commission structures, regulatory safeguards, and the trading conditions that keep your clients active for the long term.

Compare Variables
FBS
Trustpilot 4.3 9,608 reviews
IC Markets Global
Trustpilot 4.8 55,385 reviews
Partnership analysis
Key Advantages
  • Strong Regulatory FrameworkFBS holds licenses from both CySEC and the FSC Belize, providing a regulated environment for both European and global clients.
  • Extensive Asset SelectionPartners can market over 550 tradable instruments, including Forex, indices, commodities, and stocks.
  • High Leverage OptionsThe global entity offers maximum leverage up to 1:3000, which can be a strong acquisition tool for specific trader demographics.
  • Flexible Commission StructuresPartners can choose between CPA payouts up to $650 or a Revenue Share model offering up to $2 per standard lot on Raw Spread accounts.
  • Multi-Tiered Volume IncentivesThe program rewards high-performing IBs with additional fixed commissions per lot when specific trading volume thresholds are met over consecutive months.
  • Comprehensive Platform SupportReferrals have access to industry-standard trading platforms including MetaTrader 4, MetaTrader 5, and cTrader, enhancing client acquisition and retention.
Considerations
  • Undisclosed Commission RatesThe official documentation does not publicly disclose specific CPA or revenue share tiers, requiring direct negotiation.
  • Regional Leverage RestrictionsEuropean clients onboarded under the CySEC entity are strictly limited to 1:30 leverage for retail accounts.
  • Limited Platform DiversityWhile offering the industry-standard MT4 and MT5, the broker lacks alternative third-party platforms like cTrader or TradingView.
  • Strict CPA Qualification CriteriaTo trigger a CPA payout, referred clients must deposit a minimum of $200 and trade at least 5 lots within a 90-day period.
  • Geographical CPA TieringCPA payouts are heavily dependent on the client's country of residence, with lower-tier regions yielding significantly reduced referral fees.
  • Regional RestrictionsThe broker explicitly prohibits the solicitation of residents from the United States and other banned jurisdictions, limiting the addressable market for some partners.
Entity & registration
Registered entity
Cyprus
Seychelles
Headquarters
Cyprus
Not Disclosed
Offshore entity
Belize
Available
Regulatory licences
Regulatory Status Standard Regulated Offshore Licensed
Regulatory licences CYSECFSC BELIZE FSA SEYCHELLES
Key affiliate snapshot
Payout Frequency Not Disclosed DailyMonthlyWeekly
Tracking Method Not Disclosed Cookie
Withdrawal Methods Not Disclosed Wire transfer
Sub-IB Tiers Not Disclosed Not Disclosed
Last verified Aug 2, 2026 Aug 2, 2026
Commission Structure
Volume RevShare Not Disclosed Not Disclosed
CPA Model Not Disclosed Up to $650
Hybrid Model Not Disclosed Volume leg up to 4; CPA leg up to $250
Tracking & Integrations
Attribution model Not Disclosed Not Disclosed
Cross-device tracking Not Disclosed Not Disclosed
Affiliate cookie duration Not Disclosed Not Disclosed
Tech Stack Readiness Not Disclosed Not Disclosed
Marketing & Creatives
Landing pages Not Disclosed Not Disclosed
Banners Not Disclosed Available
Educational materials Available Available
Promo codes Not Disclosed Not Disclosed
Widgets Not Disclosed Available
IB Support
Dedicated account manager Not Disclosed Not Disclosed
Sub-IB tracking tools Not Disclosed Not Disclosed
Custom partner conditions Not Disclosed Not Disclosed
Client Trading Conditions
Trading Platforms MT4MT5 MT4MT5cTrader
Tradable markets & scope CommoditiesCrypto CfdsForexIndicesStocks≈ 550 instruments CommoditiesForex
Min Deposit (FTD) $5 $200
Max Leverage 1:3000 Not Disclosed
Execution model Not Disclosed Not Disclosed
Avg EURUSD Spread 0.7 pips Not Disclosed
Spread type Variable Raw Spread
ECN commission (per lot) $0 per lot Not Disclosed
Bonus campaigns Not Disclosed Not available
Swap-Free / Islamic Accounts Available Not Disclosed
Crypto deposits (traders) Not Disclosed Not available
Reduced-KYC onboarding Not Disclosed Not available
Investment Programs
PAMM / MAM System Not Disclosed Available
Compliance & Geo
Restricted Countries Not Disclosed United States
US Clients Acceptance Not Disclosed Not accepted