Revenika.

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

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

Compare Variables
IC Markets Global
Trustpilot 4.8 55,385 reviews
Axi
Trustpilot 4.1 7,310 reviews
Partnership analysis
Key Advantages
  • 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.
  • High Earning PotentialPartners can earn up to $1,200 CPA or up to 55% in revenue share, providing lucrative opportunities for high-performing IBs.
  • Extensive Market AccessWith over 1,200 tradable assets across multiple asset classes, IBs can attract a diverse range of traders.
  • Flexible Partnership ModelsAxi offers CPA, Revenue Share, Hybrid, and PAMM Introducer programs, allowing partners to tailor their earning strategies.
Considerations
  • Strict CPA Qualification CriteriaTo trigger a CPA payout, referred clients must deposit a minimum of $200 and trade at least 5 lots within a 90-day period.
  • Geographical CPA TieringCPA payouts are heavily dependent on the client's country of residence, with lower-tier regions yielding significantly reduced referral fees.
  • Regional RestrictionsThe broker explicitly prohibits the solicitation of residents from the United States and other banned jurisdictions, limiting the addressable market for some partners.
  • Regional RestrictionsThe broker does not provide services to residents of certain countries, including Australia and New Zealand, under its offshore entity.
  • Complex Regulatory StructureNavigating the different regulatory environments (ASIC, FCA, CySEC, etc.) may require IBs to carefully segment their client onboarding.
  • Variable SpreadsWhile competitive, spreads are variable and dependent on market conditions, which may affect high-frequency traders.
Entity & registration
Registered entity
Seychelles
St. Vincent and the Grenadines
Headquarters Not Disclosed Not Disclosed
Offshore entity Available
St. Vincent and the Grenadines
Regulatory licences
Regulatory Status Offshore Licensed Highly Regulated
Regulatory licences FSA SEYCHELLES ASICFCAFMA NZCYSECDFSASVGFSA
Key affiliate snapshot
Payout Frequency DailyMonthlyWeekly Daily
Tracking Method Cookie Not Disclosed
Withdrawal Methods Wire transfer CryptoOther
Sub-IB Tiers Not Disclosed Not Disclosed
Last verified Aug 2, 2026 Aug 2, 2026
Commission Structure
Lot Rebate ($/lot) Up to $12 per lot Up to $12 per lot
CPA Model Up to $650 Up to $1200
Hybrid Model Volume leg up to 4; CPA leg up to $250 Volume leg up to 0; CPA leg up to $300
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 Available Available
Educational materials Available Not Disclosed
Promo codes Not Disclosed Not Disclosed
Widgets Available 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 MT4MT5cTrader MT4MT5WebTrader
Tradable markets & scope CommoditiesForex CommoditiesCrypto CfdsEtfForexIndicesStocks≈ 1200 instruments
Min Deposit (FTD) $200 Not Disclosed
Max Leverage Not Disclosed 1:1000
Execution model Not Disclosed Not Disclosed
Avg EURUSD Spread Not Disclosed 0.6 pips
Spread type Raw Spread Variable
ECN commission (per lot) Not Disclosed $4 per lot
Bonus campaigns Not available Not available
Swap-Free / Islamic Accounts Not Disclosed Not Disclosed
Crypto deposits (traders) Not available Available
Reduced-KYC onboarding Not available Not available
Investment Programs
PAMM / MAM System Available Available
Compliance & Geo
Restricted Countries United States AustraliaNew Zealand
US Clients Acceptance Not accepted Not accepted