HF Markets vs Pepperstone: 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 OANDA Octa Broker Plus 500 Saxo Bank Vantage Markets XM XTB	Pepperstone Trustpilot 4.3 3,527 reviews Replace Pepperstone 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.	High CPA PayoutsAffiliates can earn up to USD 800 per qualified client, depending on the client's country of origin. Competitive IB Revenue ShareIntroducing Brokers can earn up to 50% of spreads and commissions, with daily rebate payouts. Diverse Platform OfferingPartners can promote a wide range of trading platforms, including MT4, MT5, cTrader, and TradingView, catering to various trader preferences.
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.	Extensive Country RestrictionsThe affiliate program does not accept traffic from numerous jurisdictions, including Russia, Iran, and several African and Middle Eastern nations. Regional Program LimitationsCertain partnership programs and rewards are unavailable in heavily regulated regions such as the EEA, UK, and Australia. Variable CPA TiersCPA payouts fluctuate significantly (from USD 300 to USD 800) based on the specific country group of the referred client.
Entity & registration
Registered entity	Cyprus	Not Disclosed
Headquarters	Not Disclosed	Not Disclosed
Offshore entity	Not Disclosed	Not Disclosed
Regulatory licences
Regulatory Status	Standard Regulated	No Data
Regulatory licences	CYSEC	Unregulated
Key affiliate snapshot
Payout Frequency	Not Disclosed	Daily
Tracking Method	Not Disclosed	Cookie
Withdrawal Methods	Not Disclosed	Not Disclosed
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 $800
Hybrid Model	Not Disclosed	Available
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	Not Disclosed
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	MT4MT5cTraderTradingView
Tradable markets & scope	Not Disclosed	CommoditiesCrypto CfdsForexIndicesStocks
Min Deposit (FTD)	Not Disclosed	Not Disclosed
Max Leverage	Not Disclosed	Not Disclosed
Execution model	Not Disclosed	NDD
Avg EURUSD Spread	Not Disclosed	Not Disclosed
Spread type	Not Disclosed	Not Disclosed
ECN commission (per lot)	Not Disclosed	Not Disclosed
Bonus campaigns	Not Disclosed	Not Disclosed
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	Available
Compliance & Geo
Restricted Countries	Belgium	AfghanistanAntarcticaArmeniaAzerbaijanBelarusBelizeBhutanBosnia and HerzegovinaCameroonCentral African RepublicChadCongoCongoCôte d'IvoireEritreaFrench GuianaFrench PolynesiaGuadeloupeGuamGuineaGuinea-BissauGuyanaHaitiHoly See (Vatican City State)IranIraqKazakhstanLebanonLiberiaLibyaMaliMartiniqueMayotteMozambiqueMyanmarNicaraguaNorth KoreaPalestineRéunionRussian FederationSaint Kitts and NevisSaint LuciaSaint Vincent and the Grenadines
US Clients Acceptance	Not Disclosed	Not accepted

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