OANDA vs CMC Markets: Which Partnership Program is Better?

Compare Variables	OANDA Trustpilot 3.6 1,227 reviews Replace OANDA in this comparison Admirals AvaTrade Axi Capital.com Exness FBS FOREX.com FP Markets FxPro HF Markets IC Markets Global IG Interactive Brokers Just Markets OANDA Octa Broker Pepperstone Plus 500 Saxo Bank Vantage Markets XM XTB	CMC Markets Trustpilot 4.2 3,323 reviews Replace CMC 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 Octa Broker Pepperstone Plus 500 Saxo Bank Vantage Markets XM XTB
Partnership analysis
Key Advantages	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.	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	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.	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	United States	United Kingdom
Headquarters	United Kingdom	United Kingdom
Offshore entity	Not Disclosed	Bermuda
Regulatory licences
Regulatory Status	Highly Regulated	Highly Regulated
Regulatory licences	FCACFTC NFACIROMASKNF	FCABAFINASICMASDFSABMA
Key affiliate snapshot
Payout Frequency	Monthly	Not Disclosed
Tracking Method	Cookie	Cookie
Withdrawal Methods	Wire transfer	Wire transferVisaMastercardSkrillNeteller Crypto
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	Up to $600	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	Not Disclosed	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	Available	Available
Sub-IB tracking tools	Not Disclosed	Not Disclosed
Custom partner conditions	Not Disclosed	Not Disclosed
Client Trading Conditions
Trading Platforms	MT5TradingView	MT4MT5WebTraderTradingView
Tradable markets & scope	BondsCommoditiesCrypto CfdsEtfForexIndicesStocks≈ 4000 instruments	BondsCommoditiesCrypto CfdsEtfForexIndicesStocks≈ 12000 instruments
Min Deposit (FTD)	Not Disclosed	$0
Max Leverage	Not Disclosed	1:200
Execution model	Not Disclosed	NDD
Avg EURUSD Spread	1 pips	0 pips
Spread type	Mixed	Variable
ECN commission (per lot)	Not Disclosed	$2 per lot
Bonus campaigns	Available	Not Disclosed
Swap-Free / Islamic Accounts	Not Disclosed	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

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