Forex affiliate programs

What the nine brokers publish for partners

Every figure comes from the broker's own partner page. Where a page renders only navigation or no public terms exist, the cell says that — negotiated rates are the norm in this market, and pretending otherwise would be the same mistake affiliate comparison pages usually make.

Partner pages of each broker, captured 25 August 2026. Figures are the maxima the brokers advertise; actual rates in this industry are usually negotiated per partner.

Four models, and what each one bets on

Revenue share pays a percentage of what the broker earns from your referred clients, for as long as they trade. It is the model most brokers lead with, and the one that pays best if your traffic sends people who last.

CPA pays a fixed amount once, when a referred client meets a qualification threshold — usually a minimum deposit plus a minimum traded volume. It pays sooner and stops there. Our page on CPA programmes goes through the mechanics.

IB rebates pay per lot traded rather than as a share of revenue, which makes the income predictable and independent of what the broker actually earned on that trade. It suits partners whose clients trade high volume on tight spreads.

Hybrids combine a smaller CPA with a reduced revenue share. They exist because both sides know the other two models each have a failure mode: CPA rewards volume of signups regardless of quality, revenue share rewards nothing at all for months.

Why the biggest percentage is often the smallest payment

Take Tickmill's published terms. On a Classic account the spread on EUR/USD is 1.6 pips — $16 on a standard lot round turn — and 55% of that is about $8.80 to the partner. On a Raw account the spread is near zero and the commission is $3 per side, and the partner's share is stated flatly: $2.50 a lot.

So the same client, trading the same ten lots a month, produces roughly $88 or $25 depending only on which account they picked. The percentage looks generous in one column and the fixed rate looks small in the other, and the arithmetic reverses them.

The lesson generalises: a percentage of revenue is only as large as the revenue, and brokers with the tightest spreads generate the least of it per lot. Comparing programmes on the headline share alone is comparing the wrong number.

Do the same conversion before choosing: take the spread or commission the client will actually pay, apply the share, and express it per standard lot. That single number is comparable across brokers; the percentages are not.

The number nobody in this industry advertises

The brokers on this site publish that between 69% and 83% of their retail clients lose money. That statistic is the foundation of the whole affiliate economy, and it has two implications a partner should hold at once.

The first is commercial: most referred clients stop trading, and revenue share earned on a dormant account is zero. A programme's lifetime value depends on retention, not on the signup, which is why CPA is priced the way it is and why hybrid deals exist.

The second is ethical, and it is the reason this page names it. Revenue share pays the affiliate out of client trading costs, and those costs are highest where clients trade most and lose fastest. A comparison page that recommends whichever broker pays it best is not a comparison page.

We are an affiliate site, so this applies to us: our own footer says we earn commission on accounts opened through our links, and every figure we publish carries the broker page it came from so a reader can check us rather than trust us.

What regulators require of the promotion, not just the broker

Financial promotion rules apply to the marketing, and in several jurisdictions the affiliate is inside their scope. In the EU and the UK, promotions must be fair, clear and not misleading, and must carry the risk warning — the one naming the percentage of losing accounts.

Inducements are restricted or banned outright in places. Australia's product intervention order prohibits offering retail clients trading credits, rebates and gifts, so a bonus-led campaign aimed at Australian traffic is promoting something the broker cannot legally deliver there.

Jurisdiction shapes the offer itself: the entity that accepts your referral decides the leverage they get — 30:1 for a European retail client against 1:500 or more offshore — and a campaign built on the offshore number converts traffic that will never see it.

Practical consequence: read the broker's partner agreement for the countries you may not target, the creatives you may not alter, and the clawback clauses. The last one matters most — most agreements let the broker reverse commissions for chargebacks, bonus abuse or trading the broker deems non-genuine.

How to choose a programme, in the order that matters

Start with whether you would recommend the broker without a commission. Everything else is downstream of that, and the audience for this kind of page — webmasters — is precisely the group that can afford to be picky, because the traffic is the scarce asset.

Then match the model to your traffic. Content that attracts long-term traders favours revenue share; paid traffic with a short attribution window favours CPA; communities of active traders favour per-lot rebates.

Then read the payment terms: minimum payout, payment frequency, whether the balance carries over, and what happens to a referral if the client moves entity or country. These clauses decide whether the headline rate ever reaches you.

And check what the broker publishes to its clients, not just to you. A broker that hides its spreads from traders will not be forthcoming with partners either, and the nine tables on this site show exactly which ones publish and which do not.

Questions people ask