XM vs FBS: Which Partnership Program is Better?

Compare Variables	XM Trustpilot 2.2 3,168 reviews Replace XM in this comparison Admirals AvaTrade Axi CMC Markets Capital.com Exness 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	FBS Trustpilot 4.3 9,608 reviews Replace FBS 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 Pepperstone Plus 500 Saxo Bank Vantage Markets XTB
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.	Strong Regulatory FrameworkFBS holds licenses from both CySEC and the FSC Belize, providing a regulated environment for both European and global clients. Extensive Asset SelectionPartners can market over 550 tradable instruments, including Forex, indices, commodities, and stocks. High Leverage OptionsThe global entity offers maximum leverage up to 1:3000, which can be a strong acquisition tool for specific trader demographics.
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 $10 monthly dormancy fee.	Undisclosed Commission RatesThe official documentation does not publicly disclose specific CPA or revenue share tiers, requiring direct negotiation. Regional Leverage RestrictionsEuropean clients onboarded under the CySEC entity are strictly limited to 1:30 leverage for retail accounts. Limited Platform DiversityWhile offering the industry-standard MT4 and MT5, the broker lacks alternative third-party platforms like cTrader or TradingView.
Entity & registration
Registered entity	Cyprus	Cyprus
Headquarters	Cyprus	Cyprus
Offshore entity	Not Disclosed	Belize
Regulatory licences
Regulatory Status	Highly Regulated	Standard Regulated
Regulatory licences	BAFINCNMVCONSOBFIN FSAAFMFI SWEDENFCAASICCYSECMNBKNF	CYSECFSC BELIZE
Key affiliate snapshot
Payout Frequency	Daily	Not Disclosed
Tracking Method	S2S / postback	Not Disclosed
Withdrawal Methods	Wire transferSkrillNetellerOther	Not Disclosed
Sub-IB Tiers	Not Disclosed	Not Disclosed
Last verified	Aug 2, 2026	Aug 2, 2026
Commission Structure
Lot Rebate ($/lot)	Up to $90 per lot	Not Disclosed
CPA Model	Up to $1000	Not Disclosed
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	Not Disclosed
Marketing & Creatives
Landing pages	Available	Not Disclosed
Banners	Available	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	Not Disclosed	MT4MT5
Tradable markets & scope	CommoditiesCrypto CfdsForexIndicesStocks	CommoditiesCrypto CfdsForexIndicesStocks≈ 550 instruments
Min Deposit (FTD)	$150	$5
Max Leverage	Not Disclosed	1:3000
Execution model	Not Disclosed	Not Disclosed
Avg EURUSD Spread	0.8 pips	0.7 pips
Spread type	Not Disclosed	Variable
ECN commission (per lot)	Not Disclosed	$0 per lot
Bonus campaigns	Available	Not Disclosed
Swap-Free / Islamic Accounts	Not Disclosed	Available
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	BelgiumSpainFrancePortugal	Not Disclosed
US Clients Acceptance	Not accepted	Not Disclosed

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