HF Markets vs OANDA: Which Partnership Program is Better?

Compare Variables	HF Markets Trustpilot 4.3 2,938 reviews Replace HF 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 FP Markets FxPro IC Markets Global IG Interactive Brokers Just Markets OANDA Octa Broker Pepperstone Plus 500 Saxo Bank Vantage Markets XM XTB
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.	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	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 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	Cyprus	United States
Headquarters	Not Disclosed	United Kingdom
Offshore entity	Not Disclosed	Not Disclosed
Regulatory licences
Regulatory Status	Standard Regulated	Highly Regulated
Regulatory licences	CYSEC	FCACFTC NFACIROMASKNF
Key affiliate snapshot
Payout Frequency	Not Disclosed	Monthly
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 $600
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	Not Disclosed
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	Available
Sub-IB tracking tools	Not Disclosed	Not Disclosed
Custom partner conditions	Not Disclosed	Not Disclosed
Client Trading Conditions
Trading Platforms	Not Disclosed	MT5TradingView
Tradable markets & scope	Not Disclosed	BondsCommoditiesCrypto CfdsEtfForexIndicesStocks≈ 4000 instruments
Min Deposit (FTD)	Not Disclosed	Not Disclosed
Max Leverage	Not Disclosed	Not Disclosed
Execution model	Not Disclosed	Not Disclosed
Avg EURUSD Spread	Not Disclosed	1 pips
Spread type	Not Disclosed	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 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

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