Pepperstone vs CMC Markets: Which Partnership Program is Better?

Compare Variables	Pepperstone Trustpilot 4.3 3,527 reviews Replace Pepperstone 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 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 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	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.	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	Not Disclosed	United Kingdom
Headquarters	Not Disclosed	United Kingdom
Offshore entity	Not Disclosed	Bermuda
Regulatory licences
Regulatory Status	No Data	Highly Regulated
Regulatory licences	Unregulated	FCABAFINASICMASDFSABMA
Key affiliate snapshot
Payout Frequency	Daily	Not Disclosed
Tracking Method	Cookie	Cookie
Withdrawal Methods	Not Disclosed	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 50%	Not Disclosed
CPA Model	Up to $800	Up to $300
Hybrid Model	Available	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	Not Disclosed	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	MT4MT5cTraderTradingView	MT4MT5WebTraderTradingView
Tradable markets & scope	CommoditiesCrypto CfdsForexIndicesStocks	BondsCommoditiesCrypto CfdsEtfForexIndicesStocks≈ 12000 instruments
Min Deposit (FTD)	Not Disclosed	$0
Max Leverage	Not Disclosed	1:200
Execution model	NDD	NDD
Avg EURUSD Spread	Not Disclosed	0 pips
Spread type	Not Disclosed	Variable
ECN commission (per lot)	Not Disclosed	$2 per lot
Bonus campaigns	Not Disclosed	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	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	Not Disclosed
US Clients Acceptance	Not accepted	Not accepted

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