BrokerAnalysis

Forex Sub-Affiliate Programs: Multi-Level IB Networks 2026

Sub-affiliate programs let you earn commissions not just from traders you refer, but also from other affiliates you recruit. Compare all 18 sub-IB networks with override estimators.

Which forex sub-affiliate program pays the most?

XM is the only programme we track with a 5-level structure. Vantage, HFM, Pepperstone, FP Markets, Tickmill, AvaTrade, FXTM, VT Markets and the rest of the 18 pay 2 levels deep. Exness, RoboForex, IC Markets and LiteFinance have no sub-affiliate tier under our links at all. Which is best depends on payout frequency, brand trust and your network geos. Example only — requires volume plus retention, not typical.
#BrokerCPA RangeRev SharePayoutSub-AffiliateRatingAction
1
XM logo
XM
$200 – $100020% – 50%Daily5-Level (10%)9.2
2
Vantage logo
Vantage
$300 – $80025% – 40%Monthly2-Level (20%)9.3
3
Libertex logo
Libertex
$300 – $120040% – 60%Monthly2-Level (10%)8.8
4
AvaTrade logo
AvaTrade
$250 – $100025% – 50%Monthly2-Level (10%)9
5
HFM logo
HFM
$150 – $65020% – 40%Daily2-Level (15%)8.6
6
BlackBull Markets logo
BlackBull Markets
$300 – $100015% – 35%Monthly2-Level (10%)8.4
7
FXTM logo
FXTM
$150 – $60015% – 35%Monthly2-Level (10%)8.3
8
Tickmill logo
Tickmill
$150 – $35015% – 30%Monthly2-Level (10%)8.1
9
ThinkMarkets logo
ThinkMarkets
$150 – $40015% – 30%Monthly2-Level (10%)8
10
VT Markets logo
VT Markets
$300 – $150020% – 40%Monthly2-Level (30%)8.2
11
HYCM logo
HYCM
$100 – $35015% – 30%Monthly2-Level (10%)7.6
12
Pepperstone logo
Pepperstone
$250 – $70020% – 35%Monthly2-Level (10%)8.8
13
FP Markets logo
FP Markets
Confirm in portalConfirm in portalMonthly2-Level (10%)8.5
14
TMGM logo
TMGM
Confirm in portalConfirm in portalMonthly2-Level (10%)8
15
XTB logo
XTB
Confirm in portalConfirm in portalMonthly2-Level (10%)8.5
16
MultiBank Group logo
MultiBank Group
Confirm in portalConfirm in portalMonthly2-Level (10%)8.4
17
Hantec Markets logo
Hantec Markets
Confirm in portalConfirm in portalMonthly2-Level (10%)8
18
TIO Markets logo
TIO Markets
Confirm in portalConfirm in portalMonthly2-Level (10%)6.5
XM logo

1. XM Affiliate Program

XM's affiliate program is a top-tier option with its Master IB system supporting up to 5 levels of sub-affiliates. Earning up to $80 per lot on FX with daily payouts, XM is perfect for building a network of sub-affiliates for passive, compounding income.

CPA: $200 – $1000RevShare: 20% – 50%Daily Payout
Vantage logo

2. Vantage Affiliate Program

Vantage is a top-tier regulated broker offering high-speed execution and raw ECN spreads. Their affiliate program is highly regarded for its multi-level IB structure and competitive CPA rates, making it a favorite for professional partners globally.

CPA: $300 – $800RevShare: 25% – 40%Monthly Payout
Libertex logo

3. Libertex Affiliate Program

Libertex offers one of the most generous revenue share programs in the industry at up to 60%, combined with strong CPA rates up to $1,200. As a CySEC-regulated broker with a well-known European brand, affiliates benefit from high conversion rates and trustworthy reputation.

CPA: $300 – $1200RevShare: 40% – 60%Monthly Payout
AvaTrade logo

4. AvaTrade Affiliate Program

AvaTrade's AvaPartner program is legendary in the industry, having paid over $250 million to affiliates. With lifetime revenue share up to 50% and a 120-day cookie window, it offers one of the best long-term earning potentials for affiliates who focus on quality traders.

CPA: $250 – $1000RevShare: 25% – 50%Monthly Payout
HFM logo

5. HFM Affiliate Program

HFM (formerly HotForex) is multi-regulated across 6 jurisdictions and offers up to $30 per lot with daily payments. Their sub-affiliate structure and advanced tracking tools make them ideal for affiliates looking to build a reliable long-term income stream.

CPA: $150 – $650RevShare: 20% – 40%Daily Payout
BlackBull Markets logo

6. BlackBull Markets Affiliate Program

BlackBull Markets offers one of the highest CPA programs with up to $1,000 per qualified trader, plus IB models. Regulated in New Zealand and with no negative affiliate reviews, BlackBull is a reliable high-CPA partner.

CPA: $300 – $1000RevShare: 15% – 35%Monthly Payout
FXTM logo

7. FXTM Affiliate Program

FXTM Partners offers competitive CPA rates up to $600 with strong regulatory backing from the FCA and CySEC. Their excellent presence in African and Asian markets makes them ideal for affiliates targeting emerging markets.

CPA: $150 – $600RevShare: 15% – 35%Monthly Payout
Tickmill logo

8. Tickmill Affiliate Program

Tickmill is a multi-regulated ECN broker offering CPA rates up to $350 and IB rebates up to $10 per lot. Their ultra-tight spreads and professional execution attract active traders who generate high volumes — benefiting IB affiliates significantly.

CPA: $150 – $350RevShare: 15% – 30%Monthly Payout
ThinkMarkets logo

9. ThinkMarkets Affiliate Program

ThinkMarkets offers CPA rates up to $400 and IB rebates up to $7 per lot. Regulated by both FCA and ASIC, their strong regulatory profile and proprietary ThinkTrader platform help drive conversions.

CPA: $150 – $400RevShare: 15% – 30%Monthly Payout
VT Markets logo

10. VT Markets Affiliate Program

VT Markets combines an extremely high CPA of up to $1,500 with IB rebates up to $17 per lot and a flexible hybrid model. Their CellExpert tracking platform provides real-time performance data for optimizing campaigns.

CPA: $300 – $1500RevShare: 20% – 40%Monthly Payout
HYCM logo

11. HYCM Affiliate Program

HYCM offers CPA rates up to $350 and IB rebates up to $6 per lot. With FCA regulation and over 40 years of market experience, HYCM provides a stable and trusted partnership for affiliates targeting the Middle East and European markets.

CPA: $100 – $350RevShare: 15% – 30%Monthly Payout
Pepperstone logo

12. Pepperstone Affiliate Program

Pepperstone is a strong affiliate option for regulated-broker audiences, especially comparison and education sites targeting experienced forex and CFD traders.

CPA: $250 – $700RevShare: 20% – 35%Monthly Payout
FP Markets logo

13. FP Markets Affiliate Program

FP Markets is an Australian ECN broker regulated by ASIC and CySEC since 2005. Partners earn through CPA and IB models with a sub-affiliate override for recruited affiliates.

CPA: Confirm in portalRevShare: Confirm in portalMonthly Payout
TMGM logo

14. TMGM Affiliate Program

TMGM is an ASIC-regulated Australian broker known for its Australian Open sponsorship. Partners earn through CPA and IB models with a sub-affiliate override for recruited affiliates.

CPA: Confirm in portalRevShare: Confirm in portalMonthly Payout
XTB logo

15. XTB Affiliate Program

XTB is a publicly traded broker on the Warsaw Stock Exchange, regulated by the FCA, KNF and CySEC. Partners earn through CPA and IB models with a sub-affiliate override for recruited affiliates.

CPA: Confirm in portalRevShare: Confirm in portalMonthly Payout
MultiBank Group logo

16. MultiBank Group Affiliate Program

MultiBank Group is a well-capitalized broker with UAE (SCA, VARA) and Tier-1 regional licenses including ASIC and BaFin. Your IB-coded link doubles as the sub-IB signup link.

CPA: Confirm in portalRevShare: Confirm in portalMonthly Payout
Hantec Markets logo

17. Hantec Markets Affiliate Program

Hantec Markets is an FCA Tier-1 regulated broker with a group history dating to 1990 and FSCS-backed protection for UK clients. Partners earn through CPA and IB models with a sub-affiliate override.

CPA: Confirm in portalRevShare: Confirm in portalMonthly Payout
TIO Markets logo

18. TIO Markets Affiliate Program

TIO Markets is FCA-registered. Note our safety check flags trust concerns (including a CNMV public warning) — read /is-tio-markets-legit/ before promoting. Your referral-coded link doubles as the sub-IB signup link.

CPA: Confirm in portalRevShare: Confirm in portalMonthly Payout

Affiliate override estimator

$384 /mo example

Example only — requires active volume + retention. Affiliate earnings, not trading profits. Past activity does not predict future results.

Frequently Asked Questions

No. You earn an override on commissions from traders your sub-IBs refer. Trading skill helps credibility but posting + onboarding matters more.
It varies by broker. XM discloses about 10% per level up to 5 levels. VT-style Master IB setups commonly use a 70/30 split where the sub keeps 70%. Confirm in your IB portal before promising.
With the standard IB rebate cycle. XM and HFM settle daily; others weekly or monthly. Minimums range from $1 to $100 — each broker page lists its cycle.
No. Excluded countries, US restrictions, and broker license entities apply. Send only eligible traffic and check the broker T&Cs for your geos.
Links + scripts + Telegram structure + portal tour + content system. Retention comes from free signals, copier, education and onboarding bot — not just the link.
No. All calculators are examples only. They require active volume plus retention. Affiliate earnings, not trading profits.
Read How sub-affiliate override works — it explains spreads, lots, splits, settlement and Partner IDs from zero, with a worked example.
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Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.

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