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

Scale your partner business with precision. A data-backed breakdown of IC Markets Global 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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IC Markets Global
Trustpilot 4.8 55,385 reviews
Just Markets
Trustpilot 3.6 4,471 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 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
  • Strict CPA Qualification CriteriaTo trigger a CPA payout, referred clients must deposit a minimum of $200 and trade at least 5 lots within a 90-day period.
  • Geographical CPA TieringCPA payouts are heavily dependent on the client's country of residence, with lower-tier regions yielding significantly reduced referral fees.
  • Regional RestrictionsThe broker explicitly prohibits the solicitation of residents from the United States and other banned jurisdictions, limiting the addressable market for some partners.
  • Variable Spreads on Standard AccountsThe average spread for EURUSD on Standard accounts is noted at 4.5 pips, which may be higher than some competitors and could affect high-frequency traders.
  • Limited Platform DetailsWhile a proprietary mobile app and MT server time are mentioned, specific details regarding the availability of advanced desktop platforms like MT4 or MT5 are not prominently detailed in the general text.
  • Strict Verification RequirementsThe broker enforces rigorous KYC and AML policies, requiring high-resolution, apostilled documents in some cases, which might slow down the client onboarding process.
Entity & registration
Registered entity
Seychelles
Seychelles
Headquarters Not Disclosed Not Disclosed
Offshore entity Available
Mauritius
Regulatory licences
Regulatory Status Offshore Licensed Standard Regulated
Regulatory licences FSA SEYCHELLES CYSECFSCAFSA SEYCHELLESFSC MAURITIUSFSC BVI
Key affiliate snapshot
Payout Frequency DailyMonthlyWeekly Daily
Tracking Method Cookie Cookie
Withdrawal Methods Wire transfer Wire transferOther
Sub-IB Tiers Not Disclosed Not Disclosed
Last verified Aug 2, 2026 Aug 2, 2026
Commission Structure
Lot Rebate ($/lot) Up to $12 per lot Not Disclosed
CPA Model Up to $650 Not Disclosed
Hybrid Model Volume leg up to 4; CPA leg up to $250 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 Available Available
Educational materials Available Not Disclosed
Promo codes Not Disclosed Not Disclosed
Widgets Available 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 MT4MT5cTrader MetaTrader (version not specified)
Tradable markets & scope CommoditiesForex CommoditiesCrypto CfdsForexIndicesStocks
Min Deposit (FTD) $200 Not Disclosed
Max Leverage Not Disclosed 1:3000
Execution model Not Disclosed Not Disclosed
Avg EURUSD Spread Not Disclosed 4.5 pips
Spread type Raw Spread Variable
ECN commission (per lot) Not Disclosed Not Disclosed
Bonus campaigns Not available Not Disclosed
Swap-Free / Islamic Accounts Not Disclosed Available
Crypto deposits (traders) Not available Not Disclosed
Reduced-KYC onboarding Not available Not Disclosed
Investment Programs
PAMM / MAM System Available Not Disclosed
Compliance & Geo
Restricted Countries United States Not Disclosed
US Clients Acceptance Not accepted Not accepted