Pepperstone vs Admirals: Which Partnership Program is Better?

Compare Variables	Pepperstone Trustpilot 4.3 3,527 reviews Replace Pepperstone in this comparison AvaTrade Axi CMC Markets 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	Admirals Trustpilot 4.1 2,165 reviews Replace Admirals 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 OANDA Octa Broker Plus 500 Saxo Bank Vantage Markets XM XTB
Partnership analysis
Key Advantages	High CPA PayoutsAffiliates can earn up to USD 800 per qualified client, depending on the client's country of origin. Competitive IB Revenue ShareIntroducing Brokers can earn up to 50% of spreads and commissions, with daily rebate payouts. Diverse Platform OfferingPartners can promote a wide range of trading platforms, including MT4, MT5, cTrader, and TradingView, catering to various trader preferences.	Extensive Asset OfferingPartners can market over 8,000 tradable instruments, including Forex, stocks, ETFs, and crypto CFDs, appealing to a broad demographic of traders. Flexible Compensation ModelsThe program supports Revenue Share (up to 50%), CPA, and Hybrid models, allowing IBs to tailor their earning structure to their traffic type. Multi-Level Sub-IB SupportAdmirals offers a multi-level partnership structure, enabling IBs to build sub-affiliate networks for compounded revenue generation.
Considerations	Extensive Country RestrictionsThe affiliate program does not accept traffic from numerous jurisdictions, including Russia, Iran, and several African and Middle Eastern nations. Regional Program LimitationsCertain partnership programs and rewards are unavailable in heavily regulated regions such as the EEA, UK, and Australia. Variable CPA TiersCPA payouts fluctuate significantly (from USD 300 to USD 800) based on the specific country group of the referred client.	Strict CPA Requirements In EuropeCPA models for EU and UK traffic are restricted exclusively to licensed partners, limiting options for standard affiliates in these regions. Low Maximum LeverageThe maximum leverage is capped at 1:30, which may deter high-risk traders seeking higher margin capabilities. Specific Regional RestrictionsThe broker explicitly restricts its services to residents of Belgium and the Czech Republic, narrowing the addressable market in Europe.
Entity & registration
Registered entity	Not Disclosed	Cyprus
Headquarters	Not Disclosed	Cyprus
Offshore entity	Not Disclosed	Seychelles
Regulatory licences
Regulatory Status	No Data	Standard Regulated
Regulatory licences	Unregulated	CYSEC
Key affiliate snapshot
Payout Frequency	Daily	Not Disclosed
Tracking Method	Cookie	Cookie
Withdrawal Methods	Not Disclosed	Not Disclosed
Sub-IB Tiers	Not Disclosed	Not Disclosed
Last verified	Aug 2, 2026	Aug 2, 2026
Commission Structure
RevShare (% of spread/commission)	Up to 50%	Up to 50%
CPA Model	Up to $800	Not Disclosed
Hybrid Model	Available	Available
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	Not Disclosed	Not Disclosed
Educational materials	Not Disclosed	Available
Promo codes	Not Disclosed	Not Disclosed
Widgets	Not Disclosed	Not Disclosed
IB Support
Dedicated account manager	Available	Not Disclosed
Sub-IB tracking tools	Not Disclosed	Not Disclosed
Custom partner conditions	Not Disclosed	Not Disclosed
Client Trading Conditions
Trading Platforms	MT4MT5cTraderTradingView	MT4MT5WebTrader
Tradable markets & scope	CommoditiesCrypto CfdsForexIndicesStocks	CommoditiesCrypto CfdsEtfForexIndicesStocks≈ 8000 instruments
Min Deposit (FTD)	Not Disclosed	Not Disclosed
Max Leverage	Not Disclosed	1:30
Execution model	NDD	Not Disclosed
Avg EURUSD Spread	Not Disclosed	0.6 pips
Spread type	Not Disclosed	Not Disclosed
ECN commission (per lot)	Not Disclosed	Not Disclosed
Bonus campaigns	Not Disclosed	Not Disclosed
Swap-Free / Islamic Accounts	Not Disclosed	Not Disclosed
Crypto deposits (traders)	Not Disclosed	Not Disclosed
Reduced-KYC onboarding	Not Disclosed	Not Disclosed
Investment Programs
PAMM / MAM System	Available	Not Disclosed
Compliance & Geo
Restricted Countries	AfghanistanAntarcticaArmeniaAzerbaijanBelarusBelizeBhutanBosnia and HerzegovinaCameroonCentral African RepublicChadCongoCongoCôte d'IvoireEritreaFrench GuianaFrench PolynesiaGuadeloupeGuamGuineaGuinea-BissauGuyanaHaitiHoly See (Vatican City State)IranIraqKazakhstanLebanonLiberiaLibyaMaliMartiniqueMayotteMozambiqueMyanmarNicaraguaNorth KoreaPalestineRéunionRussian FederationSaint Kitts and NevisSaint LuciaSaint Vincent and the Grenadines	BelgiumCzechia
US Clients Acceptance	Not accepted	Not Disclosed

Pepperstone vs Admirals: Which Forex Affiliate & IB Program is Better?