Updated September 29, 2026 · AffCue Editorial Team
BlackBull Partners vs Smartbroker
Facts checked September 26, 2026.
Facts checked September 26, 2026.
BlackBull Partners vs Smartbroker: the differences
| Compare |  BlackBull Partners |  Smartbroker |
|---|---|---|
| Commission terms | CPA up to $1,000 per client | 60 EUR per depot opening |
| Cookie window | 365 daysHigher | 60 days |
| Networks | Cellxpert | ADCELL, FinanceAds |
| Recurring commission | YesHas it | No |
| Payout per sale or signup | $1,000 | €60 |
| Verticals | Investing | Investing, CryptoCovers more |
| Payout frequency | Monthly | Not confirmed |
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Key differences
- Cookie window is higher at BlackBull Partners: 365 days vs 60 days.
- Recurring commission: only BlackBull Partners.
- Support channels: only Smartbroker offers Phone, Help centre.
- Networks: only BlackBull Partners offers Cellxpert.
- Networks: only Smartbroker offers ADCELL, FinanceAds.
- Pricing model: only BlackBull Partners offers CPL, Revshare.
- Region: only BlackBull Partners offers Global.
- Region: only Smartbroker offers Single country.
- Verticals: only Smartbroker offers Crypto.
Our verdict on each
BlackBull Partners
BlackBull Partners pays among the richer per-client figures in the directory, with commission of CPA up to $1,000 per client and a cookie window of 365 days, plus recurring commission on top. It suits publishers with a trading or investing audience who can plan around Monthly payouts.
Smartbroker
Smartbroker pays 60 EUR per depot opening on a cookie window of 60 days, which suits finance publishers running comparison and brokerage content in a single market. The trade-off is what follows the opening: recurring commission is off, so every payout depends on a fresh account rather than an account that stays funded.
Where each is licensed and available
| Country | BlackBull Partners | Smartbroker |
|---|---|---|
| Region | Global | Single country |
Side by side, item by item
| Pricing model | BlackBull Partners | Smartbroker |
|---|---|---|
| CPA | Yes | Yes |
| CPL | Yes | No |
| Revshare | Yes | No |
Where they rank in our lists
| Ranking | BlackBull Partners | Smartbroker |
|---|---|---|
| Finance affiliate programs | 8 of 425 | 20 of 425 |
| Investing and trading programs | 5 of 87 | 10 of 87 |
Sources behind this comparison
BlackBull Partners
- partners.blackbull.com: 10 facts, checked September 26, 2026
- financeaffiliateprograms.com: 1 fact, checked September 26, 2026
Smartbroker
- smartbrokerplus.de: 8 facts, checked September 26, 2026
- adcell.de: 4 facts, checked September 26, 2026
Every fact side by side
| Fact | BlackBull Partners | Smartbroker |
|---|---|---|
| Pricing model | CPA, CPL, RevshareCovers more | CPA |
| Features | Direct, Referral | Direct, Referral |
| Region | Global | Single country |
| Legal entity | Black Bull Group Limited | Smartbroker AG |
| Headquarters | New Zealand | Germany |
| Founded | 2014 | Not confirmed |
| Support channels | Phone, Email, Help centreCovers more |
Where each stands against the rest
| Fact | BlackBull Partners | Smartbroker | Median |
|---|---|---|---|
| Cookie window | 365 dayshighest quarter | 60 dayshighest quarter | 30 days |
Median across 146 listed affiliate programs.
Pros and cons
BlackBull Partners
Pros
- Commission of CPA up to $1,000 per client is among the stronger per-client figures in the directory
- A cookie window of 365 days puts the programme at the top of 129 brands on that measure
- Recurring commission means an approved client can keep paying out afterwards
Cons
- Support runs on email only, so a publisher with a live question waits for a reply
- The programme covers investing alone, which narrows what a mixed-niche site can promote
- Payouts are Monthly, so earnings wait longer than a weekly schedule
Smartbroker
Pros
- A cookie window of 60 days beats the 45 median for investing and trading programmes.
- Payout follows 60 EUR per depot opening on a cpa model, which is easy to plan for per account opening.
- Reach comes through ADCELL and financeAds, so partners are not tied to a single submission route.
Cons
- Recurring commission is off, and in the investing and trading group 30.3% of programmes do pay recurring, so this is the commoner setup in the category.
- Coverage is a single market, single country, so traffic from other markets cannot be sent to the same offer.
- Commission is tied to account openings alone, 60 EUR per depot opening, and recurring commission is off, so trading volume on an opened account adds nothing.
Who each suits
BlackBull Partners
Who it suits
- Publishers whose readers trade or invest, matched by investing
- Anyone selling long considered finance content, helped by a 365 day window
- Brokers or educators with an audience spread beyond a single market, since it runs in global
Who should look elsewhere
- Anyone who needs a phone or live chat channel, since support runs on email only
- Sites outside trading and investing, because investing is the only covered sector
- Anyone chasing per-sale percentages, which Admitad offers through 5% per sale rather than a per-client payout
Smartbroker
Who it suits
- Publishers whose audience sits in the single market this programme serves, listed as single country.
- Sites that review brokers and want a predictable conversion fee: 60 EUR per depot opening on a cpa model.
- Partners promoting on the listed networks, ADCELL and financeAds, who already have tracking in place.
Who should look elsewhere
- Publishers wanting revenue share: Admitad pays 5% per sale, where Smartbroker pays on account openings alone, 60 EUR per depot opening.
- Publishers after a bonus on top of a signup fee: Qonto's CPA per registration plus KYB bonus adds one, while Smartbroker's terms are 60 EUR per depot opening.
- Publishers who want a lead deal as well as a conversion fee: Mintos pays Hybrid lead and CPA commission.
Country by country
| Country | BlackBull Partners | Smartbroker |
|---|---|---|
| Germany | No | Yes |
Questions about each
BlackBull Partners
How much does BlackBull Partners pay per client?+
Commission runs at CPA up to $1,000 per client, and the top of the range is $1,000. The programme uses CPA, so payment follows an approved client rather than a click. Recurring commission is included, which can extend earnings past the opening conversion.
How long is the cookie window on BlackBull Partners?+
The attribution window is 365 days. That is a long window for a finance programme, where many listings carry a much shorter window. It gives a reader time to read, compare and sign up before the window closes.
Smartbroker
What does Smartbroker pay for a referral?+
The fee is 60 EUR per depot opening and the model is cpa. Payment is tied to the account being opened, not to trading volume afterwards, so a publisher is paid per completed opening. Recurring commission is off, which means no further share from that same account.
How long is the cookie window?+
The window is 60 days. That is longer than the 45 median in the investing and trading group and above the 30 median for finance overall, so a reader can read a comparison and still be credited. It ranks 23 among the 129 brands listed.