Forex CPA affiliate programs

What CPA looks like at the nine brokers we track

This table is mostly empty on purpose. A CPA rate is a negotiated number, and any page that prints one as a fact is printing either an intermediary's offer or a guess.

Partner pages captured 25 August 2026. Absence of a rate is recorded as absence, not filled in from third-party lists.

Qualification is the whole contract

CPA pays once, when a referred client becomes “qualified”. That word does the work: qualification almost always means a minimum deposit and a minimum traded volume within a window, and sometimes verification completed and the deposit not withdrawn for a set period.

Change any of those three and the same headline rate means something different. A $500 CPA on a 0.5-lot qualification is a different business from a $500 CPA on a 5-lot one, and the second converts a fraction as often.

So the questions to ask before the rate: how much must the client deposit, how much must they trade, in what window, and does a withdrawal inside that window void the payment.

And one more that partners forget: which entity accepts the client. A referral routed to a European entity trades at 30:1 and produces volume slowly; the same person at an offshore entity may hit the volume threshold in a week. The rate can be identical and the payout rate is not.

When CPA beats revenue share, with the arithmetic

Take a client trading ten standard lots a month on a spread account where the partner's revenue share is worth about $8.80 a lot. That is roughly $88 a month — so a $500 CPA is the better deal if the client stops within six months, and the worse one if they last longer.

Now apply the industry's own numbers: brokers publish that between 69% and 83% of retail accounts lose money, and accounts that lose tend to stop. That asymmetry is exactly why brokers offer CPA at all, and why they cap it: they are buying the risk that a client is short-lived.

Which model suits you follows from your traffic, not from the size of the number. Paid campaigns with a short attribution window and volatile audiences favour CPA. Content that ranks for years and attracts patient traders favours revenue share, because the same page keeps paying after the campaign budget is gone.

Hybrids split the difference: a smaller upfront payment plus a reduced share. If you cannot predict retention, a hybrid is usually the honest answer.

The clauses that eat a CPA payout

Clawbacks. Most agreements let the broker reverse a payment for chargebacks, bonus abuse, or trading it considers non-genuine — including the classic pattern of a client opening and closing positions purely to reach a volume threshold.

Country exclusions. Every broker has a list of jurisdictions it will not accept, and traffic sent from them qualifies for nothing. The list changes, and it is rarely in the marketing material.

Attribution and cookie windows. If a referred client returns three months later through a search result rather than your link, the attribution may have expired — this is where paid campaigns quietly lose the conversions they paid for.

Payment thresholds and holding periods. A minimum payout plus a hold of thirty to ninety days is standard, and it means a campaign's first cash arrives long after its cost.

What CPA does to the incentive, said plainly

CPA pays for a deposit, not for a good outcome. It rewards volume of qualified signups regardless of whether those people should have opened an account at all, and that incentive is visible in the marketing it funds: bonus offers, leverage claims, and screenshots of profitable weeks.

Revenue share has its own bias, milder in the short run and worse in one specific way: it pays the affiliate out of trading costs, which are highest where clients trade most.

Neither model is disqualifying — this site runs on affiliate income and says so in the footer of every page. What matters is whether the recommendation would survive the commission being removed. If it would not, the page is an advertisement wearing a comparison's clothes, and readers work that out faster than publishers expect.

Questions people ask