Revenika.

FP Markets vs Axi: Which Forex Affiliate & IB Program is Better?

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

Compare Variables
FP Markets
Trustpilot 4.8 10,241 reviews
Axi
Trustpilot 4.1 7,310 reviews
Partnership analysis
Key Advantages
  • High CPA and Hybrid PayoutsPartners can earn up to $800 CPA per referred client, alongside flexible hybrid models combining CPA and volume rebates.
  • Extensive Tradable AssetsWith over 10,000 instruments including Forex, Equities, and Cryptocurrencies, IBs can attract a highly diverse client base.
  • Robust Regulatory FrameworkThe broker holds multiple licenses globally, including ASIC, CySEC, and FSCA, enhancing brand trust and conversion rates.
  • High Earning PotentialPartners can earn up to $1,200 CPA or up to 55% in revenue share, providing lucrative opportunities for high-performing IBs.
  • Extensive Market AccessWith over 1,200 tradable assets across multiple asset classes, IBs can attract a diverse range of traders.
  • Flexible Partnership ModelsAxi offers CPA, Revenue Share, Hybrid, and PAMM Introducer programs, allowing partners to tailor their earning strategies.
Considerations
  • Strict Geographic RestrictionsThe affiliate program explicitly excludes a large number of countries, limiting the addressable market for global marketers.
  • High Qualification ThresholdsCPA qualification requires clients to trade at least 5 Standard FX lots or $300,000 USD in IRESS volume.
  • Minimum Withdrawal LimitsAccrued commissions must reach a minimum of $450 USD before they can be withdrawn, which may delay payouts for smaller IBs.
  • Regional RestrictionsThe broker does not provide services to residents of certain countries, including Australia and New Zealand, under its offshore entity.
  • Complex Regulatory StructureNavigating the different regulatory environments (ASIC, FCA, CySEC, etc.) may require IBs to carefully segment their client onboarding.
  • Variable SpreadsWhile competitive, spreads are variable and dependent on market conditions, which may affect high-frequency traders.
Entity & registration
Registered entity
Australia
St. Vincent and the Grenadines
Headquarters
Australia
Not Disclosed
Offshore entity
St. Vincent and the Grenadines
St. Vincent and the Grenadines
Regulatory licences
Regulatory Status Highly Regulated Highly Regulated
Regulatory licences ASICCYSECFSCACMA KENYAFSA SEYCHELLESFSC MAURITIUSSCB ASICFCAFMA NZCYSECDFSASVGFSA
Key affiliate snapshot
Payout Frequency Monthly Daily
Tracking Method CookieIP tracking Not Disclosed
Withdrawal Methods Wire transfer CryptoOther
Sub-IB Tiers Not Disclosed Not Disclosed
Last verified Aug 2, 2026 Aug 2, 2026
Commission Structure
Lot Rebate ($/lot) Up to $1 per lot Up to $12 per lot
CPA Model Up to $800 Up to $1200
Hybrid Model Volume leg up to 1; CPA leg up to $200 Volume leg up to 0; CPA leg up to $300
Tracking & Integrations
Attribution model Not Disclosed Not Disclosed
Cross-device tracking Not Disclosed Not Disclosed
Affiliate cookie duration Lifetime Not Disclosed
Tech Stack Readiness Cellxpert Not Disclosed
Marketing & Creatives
Landing pages Available Available
Banners Available Available
Educational materials Available Not Disclosed
Promo codes Not Disclosed Not Disclosed
Widgets Not Disclosed Not Disclosed
IB Support
Dedicated account manager Available Available
Sub-IB tracking tools Available Not Disclosed
Custom partner conditions Not Disclosed Not Disclosed
Client Trading Conditions
Trading Platforms MT4MT5cTraderWebTraderTradingView MT4MT5WebTrader
Tradable markets & scope BondsCommoditiesCrypto CfdsEtfForexIndicesStocks≈ 10000 instruments CommoditiesCrypto CfdsEtfForexIndicesStocks≈ 1200 instruments
Min Deposit (FTD) Not Disclosed Not Disclosed
Max Leverage 1:500 1:1000
Execution model ECN Not Disclosed
Avg EURUSD Spread Not Disclosed 0.6 pips
Spread type Raw Spread Variable
ECN commission (per lot) Not Disclosed $4 per lot
Bonus campaigns Not Disclosed Not available
Swap-Free / Islamic Accounts Not Disclosed Not Disclosed
Crypto deposits (traders) Not Disclosed Available
Reduced-KYC onboarding Not available Not available
Investment Programs
PAMM / MAM System Available Available
Compliance & Geo
Restricted Countries AfghanistanAngolaBangladeshBelgiumBurkina FasoBurundiBeninBotswanaCongoCentral African RepublicCôte d'IvoireCameroonCabo VerdeEthiopiaGabonGrenadaGhanaGuineaGuinea-BissauGuyanaHondurasHaitiIndiaIraqIranJamaicaJapanCambodiaKiribatiComorosLaosLebanonLiechtensteinLiberiaLesothoLatviaLibyaMoldovaMadagascarMyanmarMongoliaMauritaniaMaldivesMalawiMozambiqueNamibiaNepalNauruChad AustraliaNew Zealand
US Clients Acceptance Not accepted Not accepted