Revenika.

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

Scale your partner business with precision. A data-backed breakdown of FP Markets and XM, 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
XM
Trustpilot 2.2 3,168 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 CPA and Revenue Share PotentialPartners can earn up to $1,000 CPA per qualified client and up to $90 per lot in revenue share, providing significant earning potential.
  • Daily Commission PayoutsXM processes affiliate commissions daily via an automated system, ensuring partners have rapid access to their earnings.
  • Extensive Regulatory FrameworkThe broker holds licenses from multiple respected regulators, including CySEC, FCA, and ASIC, which enhances brand trust and conversion rates.
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  • Minimum Withdrawal LimitsAccrued commissions must reach a minimum of $450 USD before they can be withdrawn, which may delay payouts for smaller IBs.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 Regional RestrictionsPartners are prohibited from soliciting clients from several European countries, including Belgium, France, Spain, and Portugal.
  • High CPA Qualification ThresholdsTo qualify for CPA payouts, referred clients must meet specific deposit minimums (e.g., $150) and complete a required number of round lots within 12 months.
  • Dormancy Fees on Affiliate AccountsAffiliate e-wallets with no activity for six consecutive months are subject to a $10 monthly dormancy fee.
Entity & registration
Registered entity
Australia
Cyprus
Headquarters
Australia
Cyprus
Offshore entity
St. Vincent and the Grenadines
Not Disclosed
Regulatory licences
Regulatory Status Highly Regulated Highly Regulated
Regulatory licences ASICCYSECFSCACMA KENYAFSA SEYCHELLESFSC MAURITIUSSCB BAFINCNMVCONSOBFIN FSAAFMFI SWEDENFCAASICCYSECMNBKNF
Key affiliate snapshot
Payout Frequency Monthly Daily
Tracking Method CookieIP tracking S2S / postback
Withdrawal Methods Wire transfer Wire transferSkrillNetellerOther
Sub-IB Tiers Not Disclosed Not Disclosed
Last verified Aug 2, 2026 Aug 2, 2026
Commission Structure
Lot Rebate ($/lot) Up to $1 per lot Up to $90 per lot
CPA Model Up to $800 Up to $1000
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 S2S Postback API Webhooks
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 Not Disclosed
Tradable markets & scope BondsCommoditiesCrypto CfdsEtfForexIndicesStocks≈ 10000 instruments CommoditiesCrypto CfdsForexIndicesStocks
Min Deposit (FTD) Not Disclosed $150
Max Leverage 1:500 Not Disclosed
Execution model ECN Not Disclosed
Avg EURUSD Spread Not Disclosed 0.8 pips
Spread type Raw Spread Not Disclosed
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 Available
Compliance & Geo
Restricted Countries AfghanistanAngolaBangladeshBelgiumBurkina FasoBurundiBeninBotswanaCongoCentral African RepublicCôte d'IvoireCameroonCabo VerdeEthiopiaGabonGrenadaGhanaGuineaGuinea-BissauGuyanaHondurasHaitiIndiaIraqIranJamaicaJapanCambodiaKiribatiComorosLaosLebanonLiechtensteinLiberiaLesothoLatviaLibyaMoldovaMadagascarMyanmarMongoliaMauritaniaMaldivesMalawiMozambiqueNamibiaNepalNauruChad BelgiumSpainFrancePortugal
US Clients Acceptance Not accepted Not accepted