FP Markets vs OANDA: Which Partnership Program is Better?

Compare Variables	FP Markets Trustpilot 4.8 10,241 reviews Replace FP Markets in this comparison Admirals AvaTrade Axi CMC Markets Capital.com Exness FBS FOREX.com FP Markets FxPro HF Markets IC Markets Global IG Interactive Brokers Just Markets Octa Broker Pepperstone Plus 500 Saxo Bank Vantage Markets XM XTB	OANDA Trustpilot 3.6 1,227 reviews Replace OANDA in this comparison Admirals AvaTrade Axi CMC Markets Capital.com Exness FBS FOREX.com FxPro HF Markets IC Markets Global IG Interactive Brokers Just Markets OANDA Octa Broker Pepperstone Plus 500 Saxo Bank Vantage Markets XM XTB
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.	Strong Regulatory FrameworkOANDA is regulated by multiple top-tier authorities, including the FCA, NFA, CIRO, and MAS, providing a highly trusted environment for client referrals. Competitive CPA PayoutsThe affiliate program offers up to $600 per qualified client referral, providing substantial earning potential for digital marketers and publishers. Extensive Asset SelectionPartners can market over 4,000 tradable instruments, including Forex, indices, commodities, and ETFs, appealing to a broad demographic of traders.
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 Minimum Withdrawal LimitsAccrued commissions must reach a minimum of $450 USD before they can be withdrawn, which may delay payouts for smaller IBs.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 Marketing CompliancePartners must adhere to rigorous marketing guidelines, including mandatory risk warnings and prohibitions on specific promotional terminology. Opaque Rebate TiersWhile the IB program offers volume-based rebates, the exact tier structures and per-lot commission rates are not publicly disclosed. High Payout ThresholdCommissions are only disbursed once a minimum threshold of $250 is reached, which may delay initial payouts for smaller affiliates.
Entity & registration
Registered entity	Australia	United States
Headquarters	Australia	United Kingdom
Offshore entity	St. Vincent and the Grenadines	Not Disclosed
Regulatory licences
Regulatory Status	Highly Regulated	Highly Regulated
Regulatory licences	ASICCYSECFSCACMA KENYAFSA SEYCHELLESFSC MAURITIUSSCB	FCACFTC NFACIROMASKNF
Key affiliate snapshot
Payout Frequency	Monthly	Monthly
Tracking Method	CookieIP tracking	Cookie
Withdrawal Methods	Wire transfer	Wire transfer
Sub-IB Tiers	Not Disclosed	Not Disclosed
Last verified	Aug 2, 2026	Aug 2, 2026
Commission Structure
Lot Rebate ($/lot)	Up to $1 per lot	Not Disclosed
CPA Model	Up to $800	Up to $600
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	Not Disclosed
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	MT5TradingView
Tradable markets & scope	BondsCommoditiesCrypto CfdsEtfForexIndicesStocks≈ 10000 instruments	BondsCommoditiesCrypto CfdsEtfForexIndicesStocks≈ 4000 instruments
Min Deposit (FTD)	Not Disclosed	Not Disclosed
Max Leverage	1:500	Not Disclosed
Execution model	ECN	Not Disclosed
Avg EURUSD Spread	Not Disclosed	1 pips
Spread type	Raw Spread	Mixed
ECN commission (per lot)	Not Disclosed	Not Disclosed
Bonus campaigns	Not Disclosed	Available
Swap-Free / Islamic Accounts	Not Disclosed	Not Disclosed
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

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