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

Scale your partner business with precision. A data-backed breakdown of FP Markets and IC Markets Global, 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
IC Markets Global
Trustpilot 4.8 55,385 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.
  • 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
  • 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  • Minimum Withdrawal LimitsAccrued commissions must reach a minimum of $450 USD before they can be withdrawn, which may delay payouts for smaller IBs.
  • Strict CPA Qualification CriteriaTo trigger a CPA payout, referred clients must deposit a minimum of $200 and trade at least 5 lots within a 90-day period.
  • Geographical CPA TieringCPA payouts are heavily dependent on the client's country of residence, with lower-tier regions yielding significantly reduced referral fees.
  • Regional RestrictionsThe broker explicitly prohibits the solicitation of residents from the United States and other banned jurisdictions, limiting the addressable market for some partners.
Entity & registration
Registered entity
Australia
Seychelles
Headquarters
Australia
Not Disclosed
Offshore entity
St. Vincent and the Grenadines
Available
Regulatory licences
Regulatory Status Highly Regulated Offshore Licensed
Regulatory licences ASICCYSECFSCACMA KENYAFSA SEYCHELLESFSC MAURITIUSSCB FSA SEYCHELLES
Key affiliate snapshot
Payout Frequency Monthly DailyMonthlyWeekly
Tracking Method CookieIP tracking Cookie
Withdrawal Methods Wire transfer Wire transfer
Sub-IB Tiers Not Disclosed Not Disclosed
Last verified Aug 2, 2026 Aug 2, 2026
Commission Structure
Lot Rebate ($/lot) Up to $1 per lot Up to $12 per lot
CPA Model Up to $800 Up to $650
Hybrid Model Volume leg up to 1; CPA leg up to $200 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 Lifetime Not Disclosed
Tech Stack Readiness Cellxpert Not Disclosed
Marketing & Creatives
Landing pages Available Not Disclosed
Banners Available Available
Educational materials Available Available
Promo codes Not Disclosed Not Disclosed
Widgets Not Disclosed Available
IB Support
Dedicated account manager Available Not Disclosed
Sub-IB tracking tools Available Not Disclosed
Custom partner conditions Not Disclosed Not Disclosed
Client Trading Conditions
Trading Platforms MT4MT5cTraderWebTraderTradingView MT4MT5cTrader
Tradable markets & scope BondsCommoditiesCrypto CfdsEtfForexIndicesStocks≈ 10000 instruments CommoditiesForex
Min Deposit (FTD) Not Disclosed $200
Max Leverage 1:500 Not Disclosed
Execution model ECN Not Disclosed
Avg EURUSD Spread Not Disclosed Not Disclosed
Spread type Raw Spread Raw Spread
ECN commission (per lot) Not Disclosed Not Disclosed
Bonus campaigns Not Disclosed Not available
Swap-Free / Islamic Accounts Not Disclosed Not Disclosed
Crypto deposits (traders) Not Disclosed Not 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 United States
US Clients Acceptance Not accepted Not accepted