Revenika.

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

Scale your partner business with precision. A data-backed breakdown of FP Markets and Just Markets, 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
Just Markets
Trustpilot 3.6 4,471 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 Revenue Share PotentialIBs can earn up to 45% of the spread revenue generated by their referred clients, providing a lucrative earning ceiling.
  • Universal Swap-Free TradingAll client accounts automatically receive swap-free status regardless of their country of residence, which is a strong acquisition tool for global audiences.
  • Daily Commission PayoutsPartners benefit from daily payouts and instant withdrawals, ensuring consistent and reliable cash flow.
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  • Minimum Withdrawal LimitsAccrued commissions must reach a minimum of $450 USD before they can be withdrawn, which may delay payouts for smaller IBs.
  • Variable Spreads on Standard AccountsThe average spread for EURUSD on Standard accounts is noted at 4.5 pips, which may be higher than some competitors and could affect high-frequency traders.
  • Limited Platform DetailsWhile a proprietary mobile app and MT server time are mentioned, specific details regarding the availability of advanced desktop platforms like MT4 or MT5 are not prominently detailed in the general text.
  • Strict Verification RequirementsThe broker enforces rigorous KYC and AML policies, requiring high-resolution, apostilled documents in some cases, which might slow down the client onboarding process.
Entity & registration
Registered entity
Australia
Seychelles
Headquarters
Australia
Not Disclosed
Offshore entity
St. Vincent and the Grenadines
Mauritius
Regulatory licences
Regulatory Status Highly Regulated Standard Regulated
Regulatory licences ASICCYSECFSCACMA KENYAFSA SEYCHELLESFSC MAURITIUSSCB CYSECFSCAFSA SEYCHELLESFSC MAURITIUSFSC BVI
Key affiliate snapshot
Payout Frequency Monthly Daily
Tracking Method CookieIP tracking Cookie
Withdrawal Methods Wire transfer Wire transferOther
Sub-IB Tiers Not Disclosed Not Disclosed
Last verified Aug 2, 2026 Aug 2, 2026
Commission Structure
Lot Rebate ($/lot) Up to $1 per lot Not Disclosed
CPA Model Up to $800 Not Disclosed
Hybrid Model Volume leg up to 1; CPA leg up to $200 Not Disclosed
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 Not Disclosed
Sub-IB tracking tools Available Not Disclosed
Custom partner conditions Not Disclosed Not Disclosed
Client Trading Conditions
Trading Platforms MT4MT5cTraderWebTraderTradingView MetaTrader (version not specified)
Tradable markets & scope BondsCommoditiesCrypto CfdsEtfForexIndicesStocks≈ 10000 instruments CommoditiesCrypto CfdsForexIndicesStocks
Min Deposit (FTD) Not Disclosed Not Disclosed
Max Leverage 1:500 1:3000
Execution model ECN Not Disclosed
Avg EURUSD Spread Not Disclosed 4.5 pips
Spread type Raw Spread Variable
ECN commission (per lot) Not Disclosed Not Disclosed
Bonus campaigns Not Disclosed Not Disclosed
Swap-Free / Islamic Accounts Not Disclosed Available
Crypto deposits (traders) Not Disclosed Not Disclosed
Reduced-KYC onboarding Not available Not Disclosed
Investment Programs
PAMM / MAM System Available Not Disclosed
Compliance & Geo
Restricted Countries AfghanistanAngolaBangladeshBelgiumBurkina FasoBurundiBeninBotswanaCongoCentral African RepublicCôte d'IvoireCameroonCabo VerdeEthiopiaGabonGrenadaGhanaGuineaGuinea-BissauGuyanaHondurasHaitiIndiaIraqIranJamaicaJapanCambodiaKiribatiComorosLaosLebanonLiechtensteinLiberiaLesothoLatviaLibyaMoldovaMadagascarMyanmarMongoliaMauritaniaMaldivesMalawiMozambiqueNamibiaNepalNauruChad Not Disclosed
US Clients Acceptance Not accepted Not accepted