Revenika.

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

Scale your partner business with precision. A data-backed breakdown of XM and Just 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
Just Markets
Trustpilot 3.6 4,471 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.
  • High Revenue Share PotentialIBs can earn up to 45% of the spread revenue generated by their referred clients, providing a lucrative earning ceiling.
  • Universal Swap-Free TradingAll client accounts automatically receive swap-free status regardless of their country of residence, which is a strong acquisition tool for global audiences.
  • Daily Commission PayoutsPartners benefit from daily payouts and instant withdrawals, ensuring consistent and reliable cash flow.
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 $10 monthly dormancy fee.
  • Variable Spreads on Standard AccountsThe average spread for EURUSD on Standard accounts is noted at 4.5 pips, which may be higher than some competitors and could affect high-frequency traders.
  • Limited Platform DetailsWhile a proprietary mobile app and MT server time are mentioned, specific details regarding the availability of advanced desktop platforms like MT4 or MT5 are not prominently detailed in the general text.
  • Strict Verification RequirementsThe broker enforces rigorous KYC and AML policies, requiring high-resolution, apostilled documents in some cases, which might slow down the client onboarding process.
Entity & registration
Registered entity
Cyprus
Seychelles
Headquarters
Cyprus
Not Disclosed
Offshore entity Not Disclosed
Mauritius
Regulatory licences
Regulatory Status Highly Regulated Standard Regulated
Regulatory licences BAFINCNMVCONSOBFIN FSAAFMFI SWEDENFCAASICCYSECMNBKNF CYSECFSCAFSA SEYCHELLESFSC MAURITIUSFSC BVI
Key affiliate snapshot
Payout Frequency Daily Daily
Tracking Method S2S / postback Cookie
Withdrawal Methods Wire transferSkrillNetellerOther Wire transferOther
Sub-IB Tiers Not Disclosed Not Disclosed
Last verified Aug 2, 2026 Aug 2, 2026
Commission Structure
Lot Rebate ($/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 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 Not Disclosed
Sub-IB tracking tools Not Disclosed Not Disclosed
Custom partner conditions Not Disclosed Not Disclosed
Client Trading Conditions
Trading Platforms Not Disclosed MetaTrader (version not specified)
Tradable markets & scope CommoditiesCrypto CfdsForexIndicesStocks CommoditiesCrypto CfdsForexIndicesStocks
Min Deposit (FTD) $150 Not Disclosed
Max Leverage Not Disclosed 1:3000
Execution model Not Disclosed Not Disclosed
Avg EURUSD Spread 0.8 pips 4.5 pips
Spread type Not Disclosed Variable
ECN commission (per lot) Not Disclosed Not Disclosed
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 accepted