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

Scale your partner business with precision. A data-backed breakdown of XM and IC Markets Global, 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
IC Markets Global
Trustpilot 4.8 55,385 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.
  • Flexible Commission StructuresPartners can choose between CPA payouts up to $650 or a Revenue Share model offering up to $2 per standard lot on Raw Spread accounts.
  • Multi-Tiered Volume IncentivesThe program rewards high-performing IBs with additional fixed commissions per lot when specific trading volume thresholds are met over consecutive months.
  • Comprehensive Platform SupportReferrals have access to industry-standard trading platforms including MetaTrader 4, MetaTrader 5, and cTrader, enhancing client acquisition and retention.
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.
  • Strict CPA Qualification CriteriaTo trigger a CPA payout, referred clients must deposit a minimum of $200 and trade at least 5 lots within a 90-day period.
  • Geographical CPA TieringCPA payouts are heavily dependent on the client's country of residence, with lower-tier regions yielding significantly reduced referral fees.
  • Regional RestrictionsThe broker explicitly prohibits the solicitation of residents from the United States and other banned jurisdictions, limiting the addressable market for some partners.
Entity & registration
Registered entity
Cyprus
Seychelles
Headquarters
Cyprus
Not Disclosed
Offshore entity Not Disclosed Available
Regulatory licences
Regulatory Status Highly Regulated Offshore Licensed
Regulatory licences BAFINCNMVCONSOBFIN FSAAFMFI SWEDENFCAASICCYSECMNBKNF FSA SEYCHELLES
Key affiliate snapshot
Payout Frequency Daily DailyMonthlyWeekly
Tracking Method S2S / postback Cookie
Withdrawal Methods Wire transferSkrillNetellerOther Wire transfer
Sub-IB Tiers Not Disclosed Not Disclosed
Last verified Aug 2, 2026 Aug 2, 2026
Commission Structure
Lot Rebate ($/lot) Up to $90 per lot Up to $12 per lot
CPA Model Up to $1000 Up to $650
Hybrid Model Not Disclosed Volume leg up to 4; CPA leg up to $250
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 Available
Educational materials Not Disclosed Available
Promo codes Not Disclosed Not Disclosed
Widgets Not Disclosed Available
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 MT4MT5cTrader
Tradable markets & scope CommoditiesCrypto CfdsForexIndicesStocks CommoditiesForex
Min Deposit (FTD) $150 $200
Max Leverage Not Disclosed Not Disclosed
Execution model Not Disclosed Not Disclosed
Avg EURUSD Spread 0.8 pips Not Disclosed
Spread type Not Disclosed Raw Spread
ECN commission (per lot) Not Disclosed Not Disclosed
Bonus campaigns Available Not available
Swap-Free / Islamic Accounts Not Disclosed Not Disclosed
Crypto deposits (traders) Not Disclosed Not available
Reduced-KYC onboarding Not Disclosed Not available
Investment Programs
PAMM / MAM System Available Available
Compliance & Geo
Restricted Countries BelgiumSpainFrancePortugal United States
US Clients Acceptance Not accepted Not accepted