XTB vs Saxo Bank: Which Partnership Program is Better?

Compare Variables	XTB Trustpilot 3.7 2,790 reviews Replace XTB 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 Vantage Markets XM XTB	Saxo Bank Trustpilot 3.7 8,660 reviews Replace Saxo Bank 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 XM
Partnership analysis
Key Advantages	Extensive Asset OfferingPartners can promote over 11,300 tradable instruments, including CFDs on forex, indices, commodities, stocks, ETFs, and cryptocurrencies. Strong Regulatory ProfileXTB is regulated by multiple top-tier authorities such as the FCA, CySEC, and KNF, enhancing brand trust and conversion potential. Dedicated Partner SupportThe partnership program provides a dedicated Partnership Manager and localized marketing tools, including personalized educational materials.	Extensive Regulatory FrameworkSaxo Bank holds licenses from multiple Tier-1 regulators, including the Danish FSA, FCA, and MAS, providing a highly secure environment for client funds. Comprehensive Multi-Asset OfferingPartners can market over 71,000 instruments across forex, stocks, bonds, ETFs, and commodities, catering to a diverse and sophisticated client base. Advanced API IntegrationThe broker provides robust OpenAPI technology, allowing partners to create bespoke, fully integrated user experiences and seamless front-to-back operations.
Considerations	Proprietary Platform FocusWhile MT4 is mentioned, XTB heavily promotes its proprietary xStation platform, which may require additional education for clients accustomed to standard platforms. Variable SpreadsThe broker operates with variable spreads, which can widen significantly during periods of low liquidity or high market volatility. Inactivity FeesClients are subject to a monthly inactivity fee of 10 EUR/GBP if no trades are executed within 365 days and no deposits are made within 90 days.	Proprietary Platform FocusThe broker relies heavily on its proprietary SaxoTrader and SaxoInvestor platforms, which may require a learning curve for clients accustomed to standard third-party software. Institutional Target AudienceThe extensive product range and sophisticated tools are primarily tailored toward advanced traders and institutional clients, potentially limiting conversion rates among novice retail traders. Stringent Onboarding RequirementsAs a highly regulated bank, Saxo enforces strict KYC and compliance protocols, which may extend the time required to fully onboard and activate referred clients.
Entity & registration
Registered entity	United Kingdom	Denmark
Headquarters	Poland	Denmark
Offshore entity	Belize	Not Disclosed
Regulatory licences
Regulatory Status	Highly Regulated	Highly Regulated
Regulatory licences	FCACYSECDFSAFSCAKNFFSC BELIZE	DFSA DENMARKFCAMASFINMACONSOBJFSA
Key affiliate snapshot
Payout Frequency	Monthly	Monthly
Tracking Method	Promo code	Not Disclosed
Withdrawal Methods	Wire transferSkrillNeteller	Not Disclosed
Sub-IB Tiers	Not Disclosed	Not Disclosed
Last verified	Aug 2, 2026	Aug 2, 2026
Commission Structure
Volume RevShare	Not Disclosed	Not Disclosed
CPA Model	Not Disclosed	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	Not Disclosed	API
Marketing & Creatives
Landing pages	Not Disclosed	Not Disclosed
Banners	Not Disclosed	Not Disclosed
Educational materials	Available	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	MT4	Not Disclosed
Tradable markets & scope	BondsCommoditiesCrypto CfdsEtfForexIndicesStocks≈ 11300 instruments	BondsCommoditiesCrypto CfdsEtfForexIndicesStocks
Min Deposit (FTD)	$0	$0
Max Leverage	1:500	Not Disclosed
Execution model	Not Disclosed	ECN
Avg EURUSD Spread	Not Disclosed	Not Disclosed
Spread type	Variable	Not Disclosed
ECN commission (per lot)	Not Disclosed	Not Disclosed
Bonus campaigns	Not Disclosed	Not Disclosed
Swap-Free / Islamic Accounts	Available	Not Disclosed
Crypto deposits (traders)	Not Disclosed	Not Disclosed
Reduced-KYC onboarding	Not Disclosed	Not Disclosed
Investment Programs
PAMM / MAM System	Not Disclosed	Not Disclosed
Compliance & Geo
Restricted Countries	Not Disclosed	Not Disclosed
US Clients Acceptance	Not Disclosed	Not accepted

XTB vs Saxo Bank: Which Forex Affiliate & IB Program is Better?