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FBS vs Pepperstone: Which Forex Affiliate & IB Program is Better?

Scale your partner business with precision. A data-backed breakdown of FBS and Pepperstone, 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
Pepperstone
Trustpilot 4.3 3,527 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.
  • High CPA PayoutsAffiliates can earn up to USD 800 per qualified client, depending on the client's country of origin.
  • Competitive IB Revenue ShareIntroducing Brokers can earn up to 50% of spreads and commissions, with daily rebate payouts.
  • Diverse Platform OfferingPartners can promote a wide range of trading platforms, including MT4, MT5, cTrader, and TradingView, catering to various trader preferences.
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.
  • Extensive Country RestrictionsThe affiliate program does not accept traffic from numerous jurisdictions, including Russia, Iran, and several African and Middle Eastern nations.
  • Regional Program LimitationsCertain partnership programs and rewards are unavailable in heavily regulated regions such as the EEA, UK, and Australia.
  • Variable CPA TiersCPA payouts fluctuate significantly (from USD 300 to USD 800) based on the specific country group of the referred client.
Entity & registration
Registered entity
Cyprus
Not Disclosed
Headquarters
Cyprus
Not Disclosed
Offshore entity
Belize
Not Disclosed
Regulatory licences
Regulatory Status Standard Regulated No Data
Regulatory licences CYSECFSC BELIZE Unregulated
Key affiliate snapshot
Payout Frequency Not Disclosed Daily
Tracking Method Not Disclosed Cookie
Withdrawal Methods Not Disclosed Not Disclosed
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 $800
Hybrid Model Not Disclosed Available
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 Not Disclosed
Educational materials Available Not Disclosed
Promo codes Not Disclosed Not Disclosed
Widgets Not Disclosed Not Disclosed
IB Support
Dedicated account manager Not Disclosed Available
Sub-IB tracking tools Not Disclosed Not Disclosed
Custom partner conditions Not Disclosed Not Disclosed
Client Trading Conditions
Trading Platforms MT4MT5 MT4MT5cTraderTradingView
Tradable markets & scope CommoditiesCrypto CfdsForexIndicesStocks≈ 550 instruments CommoditiesCrypto CfdsForexIndicesStocks
Min Deposit (FTD) $5 Not Disclosed
Max Leverage 1:3000 Not Disclosed
Execution model Not Disclosed NDD
Avg EURUSD Spread 0.7 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 Available Not Disclosed
Crypto deposits (traders) Not Disclosed Not Disclosed
Reduced-KYC onboarding Not Disclosed Not Disclosed
Investment Programs
PAMM / MAM System Not Disclosed Available
Compliance & Geo
Restricted Countries Not Disclosed AfghanistanAntarcticaArmeniaAzerbaijanBelarusBelizeBhutanBosnia and HerzegovinaCameroonCentral African RepublicChadCongoCongoCôte d'IvoireEritreaFrench GuianaFrench PolynesiaGuadeloupeGuamGuineaGuinea-BissauGuyanaHaitiHoly See (Vatican City State)IranIraqKazakhstanLebanonLiberiaLibyaMaliMartiniqueMayotteMozambiqueMyanmarNicaraguaNorth KoreaPalestineRéunionRussian FederationSaint Kitts and NevisSaint LuciaSaint Vincent and the Grenadines
US Clients Acceptance Not Disclosed Not accepted