XM vs OANDA: 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 FBS FOREX.com FP Markets FxPro HF Markets IC Markets Global IG Interactive Brokers Just Markets Octa Broker Pepperstone Plus 500 Saxo Bank Vantage Markets XM XTB	OANDA Trustpilot 3.6 1,227 reviews Replace OANDA 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 FrameworkOANDA is regulated by multiple top-tier authorities, including the FCA, NFA, CIRO, and MAS, providing a highly trusted environment for client referrals. Competitive CPA PayoutsThe affiliate program offers up to $600 per qualified client referral, providing substantial earning potential for digital marketers and publishers. Extensive Asset SelectionPartners can market over 4,000 tradable instruments, including Forex, indices, commodities, and ETFs, appealing to a broad demographic of traders.
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 Marketing CompliancePartners must adhere to rigorous marketing guidelines, including mandatory risk warnings and prohibitions on specific promotional terminology. Opaque Rebate TiersWhile the IB program offers volume-based rebates, the exact tier structures and per-lot commission rates are not publicly disclosed. High Payout ThresholdCommissions are only disbursed once a minimum threshold of $250 is reached, which may delay initial payouts for smaller affiliates.
Entity & registration
Registered entity	Cyprus	United States
Headquarters	Cyprus	United Kingdom
Offshore entity	Not Disclosed	Not Disclosed
Regulatory licences
Regulatory Status	Highly Regulated	Highly Regulated
Regulatory licences	BAFINCNMVCONSOBFIN FSAAFMFI SWEDENFCAASICCYSECMNBKNF	FCACFTC NFACIROMASKNF
Key affiliate snapshot
Payout Frequency	Daily	Monthly
Tracking Method	S2S / postback	Cookie
Withdrawal Methods	Wire transferSkrillNetellerOther	Wire transfer
Sub-IB Tiers	Not Disclosed	Not Disclosed
Last verified	Aug 2, 2026	Aug 2, 2026
Commission Structure
Lot Rebate ($/lot)	Up to $90 per lot	Not Disclosed
CPA Model	Up to $1000	Up to $600
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	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	MT5TradingView
Tradable markets & scope	CommoditiesCrypto CfdsForexIndicesStocks	BondsCommoditiesCrypto CfdsEtfForexIndicesStocks≈ 4000 instruments
Min Deposit (FTD)	$150	Not Disclosed
Max Leverage	Not Disclosed	Not Disclosed
Execution model	Not Disclosed	Not Disclosed
Avg EURUSD Spread	0.8 pips	1 pips
Spread type	Not Disclosed	Mixed
ECN commission (per lot)	Not Disclosed	Not Disclosed
Bonus campaigns	Available	Available
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	Not Disclosed
US Clients Acceptance	Not accepted	Not accepted

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