Revenika.

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

Scale your partner business with precision. A data-backed breakdown of HF Markets and Just Markets, analyzing commission structures, regulatory safeguards, and the trading conditions that keep your clients active for the long term.

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HF Markets
Trustpilot 4.3 2,938 reviews
Just Markets
Trustpilot 3.6 4,471 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.
  • 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
  • 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.
  • 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
Cyprus
Seychelles
Headquarters Not Disclosed Not Disclosed
Offshore entity Not Disclosed
Mauritius
Regulatory licences
Regulatory Status Standard Regulated Standard Regulated
Regulatory licences CYSEC CYSECFSCAFSA SEYCHELLESFSC MAURITIUSFSC BVI
Key affiliate snapshot
Payout Frequency Not Disclosed Daily
Tracking Method Not Disclosed Cookie
Withdrawal Methods Not Disclosed Wire transferOther
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 Not Disclosed
Hybrid Model Not Disclosed Not Disclosed
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 Available
Banners Not Disclosed Available
Educational materials Not Disclosed Not Disclosed
Promo codes Not Disclosed Not Disclosed
Widgets Not Disclosed Not Disclosed
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 MetaTrader (version not specified)
Tradable markets & scope Not Disclosed CommoditiesCrypto CfdsForexIndicesStocks
Min Deposit (FTD) Not Disclosed Not Disclosed
Max Leverage Not Disclosed 1:3000
Execution model Not Disclosed Not Disclosed
Avg EURUSD Spread Not Disclosed 4.5 pips
Spread type Not Disclosed 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 Disclosed Not Disclosed
Investment Programs
PAMM / MAM System Not Disclosed Not Disclosed
Compliance & Geo
Restricted Countries Belgium Not Disclosed
US Clients Acceptance Not Disclosed Not accepted