Revenika.

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

Scale your partner business with precision. A data-backed breakdown of IC Markets Global and OANDA, 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
OANDA
Trustpilot 3.6 1,227 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.
  • 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
  • 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.
  • 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 $250 is reached, which may delay initial payouts for smaller affiliates.
Entity & registration
Registered entity
Seychelles
United States
Headquarters Not Disclosed
United Kingdom
Offshore entity Available Not Disclosed
Regulatory licences
Regulatory Status Offshore Licensed Highly Regulated
Regulatory licences FSA SEYCHELLES FCACFTC NFACIROMASKNF
Key affiliate snapshot
Payout Frequency DailyMonthlyWeekly Monthly
Tracking Method Cookie Cookie
Withdrawal Methods Wire transfer Wire transfer
Sub-IB Tiers Not Disclosed Not Disclosed
Last verified Aug 2, 2026 Aug 2, 2026
Commission Structure
Lot Rebate ($/lot) Up to $12 per lot Not Disclosed
CPA Model Up to $650 Up to $600
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 Not Disclosed
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 MT5TradingView
Tradable markets & scope CommoditiesForex BondsCommoditiesCrypto CfdsEtfForexIndicesStocks≈ 4000 instruments
Min Deposit (FTD) $200 Not Disclosed
Max Leverage Not Disclosed Not Disclosed
Execution model Not Disclosed Not Disclosed
Avg EURUSD Spread Not Disclosed 1 pips
Spread type Raw Spread Mixed
ECN commission (per lot) Not Disclosed Not Disclosed
Bonus campaigns Not available Available
Swap-Free / Islamic Accounts Not Disclosed Not Disclosed
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