Revenika.

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

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

Compare Variables
XM
Trustpilot 2.2 3,168 reviews
CMC Markets
Trustpilot 4.2 3,323 reviews
Partnership analysis
Key Advantages
  • High CPA and Revenue Share PotentialPartners can earn up to $1,000 CPA per qualified client and up to $90 per lot in revenue share, providing significant earning potential.
  • Daily Commission PayoutsXM processes affiliate commissions daily via an automated system, ensuring partners have rapid access to their earnings.
  • Extensive Regulatory FrameworkThe broker holds licenses from multiple respected regulators, including CySEC, FCA, and ASIC, which enhances brand trust and conversion rates.
  • 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 Regional RestrictionsPartners are prohibited from soliciting clients from several European countries, including Belgium, France, Spain, and Portugal.
  • High CPA Qualification ThresholdsTo qualify for CPA payouts, referred clients must meet specific deposit minimums (e.g., $150) and complete a required number of round lots within 12 months.
  • Dormancy Fees on Affiliate AccountsAffiliate e-wallets with no activity for six consecutive months are subject to a $10 monthly dormancy fee.
  • Variable CPA ThresholdsWhile CPA payouts start at $300, specific qualification criteria and trading thresholds must be met before commissions are released.
  • Complex Account StructuresThe distinction between standard CFD accounts and FX Active accounts may require partners to provide additional guidance to their referrals.
  • Institutional FocusSome of the more advanced liquidity and API solutions are tailored specifically for institutional clients rather than standard retail IBs.
Entity & registration
Registered entity
Cyprus
United Kingdom
Headquarters
Cyprus
United Kingdom
Offshore entity Not Disclosed
Bermuda
Regulatory licences
Regulatory Status Highly Regulated Highly Regulated
Regulatory licences BAFINCNMVCONSOBFIN FSAAFMFI SWEDENFCAASICCYSECMNBKNF FCABAFINASICMASDFSABMA
Key affiliate snapshot
Payout Frequency Daily Not Disclosed
Tracking Method S2S / postback Cookie
Withdrawal Methods Wire transferSkrillNetellerOther Wire transferVisaMastercardSkrillNeteller Crypto
Sub-IB Tiers Not Disclosed Not Disclosed
Last verified Aug 2, 2026 Aug 2, 2026
Commission Structure
Lot Rebate ($/lot) Up to $90 per lot Not Disclosed
CPA Model Up to $1000 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 S2S Postback API Webhooks 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 Available Available
Sub-IB tracking tools Not Disclosed Not Disclosed
Custom partner conditions Not Disclosed Not Disclosed
Client Trading Conditions
Trading Platforms Not Disclosed MT4MT5WebTraderTradingView
Tradable markets & scope CommoditiesCrypto CfdsForexIndicesStocks BondsCommoditiesCrypto CfdsEtfForexIndicesStocks≈ 12000 instruments
Min Deposit (FTD) $150 $0
Max Leverage Not Disclosed 1:200
Execution model Not Disclosed NDD
Avg EURUSD Spread 0.8 pips 0 pips
Spread type Not Disclosed 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 Available Not Disclosed
Compliance & Geo
Restricted Countries BelgiumSpainFrancePortugal Not Disclosed
US Clients Acceptance Not accepted Not accepted