Revenika.

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

Scale your partner business with precision. A data-backed breakdown of XM and HF 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
HF Markets
Trustpilot 4.3 2,938 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.
  • Strong Regulatory OversightRegulated by CySEC, providing a secure and compliant environment for European clients.
  • Clear European FocusOffers targeted services to the European Economic Area, Switzerland, and select other regions.
  • Transparent Corporate StructureOperates under HF Markets (Europe) Ltd with a clearly stated registered office in Cyprus.
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 $10 monthly dormancy fee.
  • Geographical RestrictionsServices are explicitly not offered to residents of Belgium and implicitly restricted outside the stated operational regions.
  • Limited Partnership DataThe official documentation lacks explicit details regarding IB commission structures, CPA rates, or sub-IB tiers.
  • Strict Regulatory EnvironmentOperating under CySEC and MiFID guidelines may impose leverage limits and strict compliance requirements on marketing.
Entity & registration
Registered entity
Cyprus
Cyprus
Headquarters
Cyprus
Not Disclosed
Offshore entity Not Disclosed Not Disclosed
Regulatory licences
Regulatory Status Highly Regulated Standard Regulated
Regulatory licences BAFINCNMVCONSOBFIN FSAAFMFI SWEDENFCAASICCYSECMNBKNF CYSEC
Key affiliate snapshot
Payout Frequency Daily Not Disclosed
Tracking Method S2S / postback Not Disclosed
Withdrawal Methods Wire transferSkrillNetellerOther Not Disclosed
Sub-IB Tiers Not Disclosed Not Disclosed
Last verified Aug 2, 2026 Aug 2, 2026
Commission Structure
Lot Rebate ($/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 Not Disclosed
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 Not Disclosed
Tradable markets & scope CommoditiesCrypto CfdsForexIndicesStocks Not Disclosed
Min Deposit (FTD) $150 Not Disclosed
Max Leverage Not Disclosed Not Disclosed
Execution model Not Disclosed Not Disclosed
Avg EURUSD Spread 0.8 pips Not Disclosed
Spread type Not Disclosed Not Disclosed
ECN commission (per lot) Not Disclosed Not Disclosed
Bonus campaigns Available 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 BelgiumSpainFrancePortugal Belgium
US Clients Acceptance Not accepted Not Disclosed