Revenika.

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

Scale your partner business with precision. A data-backed breakdown of HF 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
HF Markets
Trustpilot 4.3 2,938 reviews
IC Markets Global
Trustpilot 4.8 55,385 reviews
Partnership analysis
Key Advantages
  • Strong Regulatory OversightRegulated by CySEC, providing a secure and compliant environment for European clients.
  • Clear European FocusOffers targeted services to the European Economic Area, Switzerland, and select other regions.
  • Transparent Corporate StructureOperates under HF Markets (Europe) Ltd with a clearly stated registered office in Cyprus.
  • 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
  • Geographical RestrictionsServices are explicitly not offered to residents of Belgium and implicitly restricted outside the stated operational regions.
  • Limited Partnership DataThe official documentation lacks explicit details regarding IB commission structures, CPA rates, or sub-IB tiers.
  • Strict Regulatory EnvironmentOperating under CySEC and MiFID guidelines may impose leverage limits and strict compliance requirements on marketing.
  • 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
Cyprus
Seychelles
Headquarters Not Disclosed Not Disclosed
Offshore entity Not Disclosed Available
Regulatory licences
Regulatory Status Standard Regulated Offshore Licensed
Regulatory licences CYSEC FSA SEYCHELLES
Key affiliate snapshot
Payout Frequency Not Disclosed DailyMonthlyWeekly
Tracking Method Not Disclosed Cookie
Withdrawal Methods Not Disclosed Wire transfer
Sub-IB Tiers Not Disclosed Not Disclosed
Last verified Aug 2, 2026 Aug 2, 2026
Commission Structure
Volume RevShare Not Disclosed Not Disclosed
CPA Model Not Disclosed Up to $650
Hybrid Model Not Disclosed 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 Not Disclosed Not Disclosed
Tech Stack Readiness Not Disclosed Not Disclosed
Marketing & Creatives
Landing pages Not Disclosed Not Disclosed
Banners Not Disclosed Available
Educational materials Not Disclosed Available
Promo codes Not Disclosed Not Disclosed
Widgets Not Disclosed Available
IB Support
Dedicated account manager Not Disclosed Not Disclosed
Sub-IB tracking tools Not Disclosed Not Disclosed
Custom partner conditions Not Disclosed Not Disclosed
Client Trading Conditions
Trading Platforms Not Disclosed MT4MT5cTrader
Tradable markets & scope Not Disclosed CommoditiesForex
Min Deposit (FTD) Not Disclosed $200
Max Leverage Not Disclosed Not Disclosed
Execution model Not Disclosed Not Disclosed
Avg EURUSD Spread Not Disclosed Not Disclosed
Spread type Not Disclosed 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 Disclosed Not available
Investment Programs
PAMM / MAM System Not Disclosed Available
Compliance & Geo
Restricted Countries Belgium United States
US Clients Acceptance Not Disclosed Not accepted