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

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

Compare Variables
FOREX.com
Trustpilot 4.6 2,437 reviews
Saxo Bank
Trustpilot 3.7 8,660 reviews
Partnership analysis
Key Advantages
  • Extensive Regulatory FrameworkRegulated by multiple top-tier authorities including the CFTC, NFA, FCA, ASIC, and CIRO, providing high trust and credibility.
  • Diverse Platform OfferingSupports MT4, MT5, TradingView, and a proprietary WebTrader, catering to a wide range of trader preferences.
  • Flexible Partnership ModelsOffers standard CPA, tiered revenue share, and tiered pay-per-lot compensation structures to suit different IB business models.
  • 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
  • Variable Spread CostsWhile RAW accounts offer spreads from 0.0 pips, standard accounts feature variable spreads starting at 1.0 pips, which may affect cost-sensitive traders.
  • Inactivity FeesAccounts are subject to a $15 monthly inactivity fee after 12 months of no trading activity.
  • Complex Margin RequirementsMargin rates vary significantly by product and account size, requiring careful risk management by referred clients.
  • 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 Not Disclosed
Denmark
Headquarters Not Disclosed
Denmark
Offshore entity Available Not Disclosed
Regulatory licences
Regulatory Status Highly Regulated Highly Regulated
Regulatory licences CIROCFTC NFAFCAJFSAMASASICCYSECCIMA DFSA DENMARKFCAMASFINMACONSOBJFSA
Key affiliate snapshot
Payout Frequency Not Disclosed 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
Volume RevShare Not Disclosed 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 Not Disclosed Not Disclosed
Tech Stack Readiness Not Disclosed 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 Not Disclosed Available
Sub-IB tracking tools Not Disclosed Not Disclosed
Custom partner conditions Not Disclosed Not Disclosed
Client Trading Conditions
Trading Platforms MT4MT5WebTraderTradingView Not Disclosed
Tradable markets & scope CommoditiesCrypto CfdsForexIndicesStocks≈ 6500 instruments BondsCommoditiesCrypto CfdsEtfForexIndicesStocks
Min Deposit (FTD) Not Disclosed $0
Max Leverage 1:200 Not Disclosed
Execution model MM ECN
Avg EURUSD Spread 1 pips Not Disclosed
Spread type Variable Not Disclosed
ECN commission (per lot) $5 per lot Not Disclosed
Bonus campaigns Available 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