Revenika.

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

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

Compare Variables
Just Markets
Trustpilot 3.6 4,471 reviews
CMC Markets
Trustpilot 4.2 3,323 reviews
Partnership analysis
Key Advantages
  • 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.
  • Extensive Market AccessPartners can promote over 12,000 tradable instruments across multiple asset classes, including forex, indices, commodities, and cryptocurrencies.
  • Flexible Remuneration ModelsThe partner program offers competitive CPA payouts starting from $300, alongside tailored, multi-tier rebate structures for Introducing Brokers.
  • Advanced Platform EcosystemClients benefit from the proprietary Next Generation platform, MetaTrader 4, MetaTrader 5, and TradingView integration, catering to diverse trading preferences.
Considerations
  • 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.
  • Variable CPA ThresholdsWhile CPA payouts start at $300, specific qualification criteria and trading thresholds must be met before commissions are released.
  • Complex Account StructuresThe distinction between standard CFD accounts and FX Active accounts may require partners to provide additional guidance to their referrals.
  • Institutional FocusSome of the more advanced liquidity and API solutions are tailored specifically for institutional clients rather than standard retail IBs.
Entity & registration
Registered entity
Seychelles
United Kingdom
Headquarters Not Disclosed
United Kingdom
Offshore entity
Mauritius
Bermuda
Regulatory licences
Regulatory Status Standard Regulated Highly Regulated
Regulatory licences CYSECFSCAFSA SEYCHELLESFSC MAURITIUSFSC BVI FCABAFINASICMASDFSABMA
Key affiliate snapshot
Payout Frequency Daily Not Disclosed
Tracking Method Cookie Cookie
Withdrawal Methods Wire transferOther Wire transferVisaMastercardSkrillNeteller Crypto
Sub-IB Tiers Not Disclosed Not Disclosed
Last verified Aug 2, 2026 Aug 2, 2026
Commission Structure
RevShare (% of spread/commission) Up to 45% Not Disclosed
CPA Model Not Disclosed Up to $300
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 API
Marketing & Creatives
Landing pages Available Available
Banners Available 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 MetaTrader (version not specified) MT4MT5WebTraderTradingView
Tradable markets & scope CommoditiesCrypto CfdsForexIndicesStocks BondsCommoditiesCrypto CfdsEtfForexIndicesStocks≈ 12000 instruments
Min Deposit (FTD) Not Disclosed $0
Max Leverage 1:3000 1:200
Execution model Not Disclosed NDD
Avg EURUSD Spread 4.5 pips 0 pips
Spread type Variable Variable
ECN commission (per lot) Not Disclosed $2 per lot
Bonus campaigns Not Disclosed Not Disclosed
Swap-Free / Islamic Accounts Available Not Disclosed
Crypto deposits (traders) Not Disclosed Available
Reduced-KYC onboarding Not Disclosed Not Disclosed
Investment Programs
PAMM / MAM System Not Disclosed Not Disclosed
Compliance & Geo
Restricted Countries Not Disclosed Not Disclosed
US Clients Acceptance Not accepted Not accepted