Updated September 29, 2026 · AffCue Editorial Team
Hannoversche vs Hfm Affiliates
Facts checked September 26, 2026.
Facts checked September 29, 2026.
Where Hannoversche and Hfm Affiliates differ
| Compare |  Hannoversche | Hfm Affiliates ReviewSee alternativesSee alternatives |
|---|---|---|
| Commission terms | up to 225 EUR per sale | up to 60% revenue share |
| Recurring commission | No | YesHas it |
| Payout per sale or signup | €225 | $650 |
| Verticals | Insurance | Investing |
| Networks | Tellja | Not confirmed |
| Payout threshold | Not confirmed | $5 |
| Payout methods | Bank transfer, Paypal, Gift card | Not confirmed |
| Payout frequency | Not confirmed | daily payouts |
| Commission (%) | Not confirmed | 60% |
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Key differences
- Recurring commission: only Hfm Affiliates.
- Pricing model: only Hfm Affiliates offers Revshare.
- Features: only Hfm Affiliates offers Direct.
- Verticals: only Hannoversche offers Insurance.
- Verticals: only Hfm Affiliates offers Investing.
Our verdict on each
Hannoversche
Hannoversche runs a German referral scheme that pays a flat CPA of up to 225 EUR per sale, with a cost score of 8.8. It suits publishers whose traffic already sits in Germany and who want a plain payout structure rather than a broad offer set.
Hfm Affiliates
Hfm Affiliates suits publishers focused on investing who want choice between CPA and revenue share models for trading audiences. Terms include $650 for CPA referrals alongside up to 60% revenue share with recurring earnings, plus daily payouts that supports steady cash flow for active promoters.
Where they rank in our lists
| Ranking | Hannoversche | Hfm Affiliates |
|---|---|---|
| Finance affiliate programs | 15 of 425 | 3 of 425 |
Availability and regulation
| Country | Hannoversche | Hfm Affiliates |
|---|---|---|
| Region | Single country | Not confirmed |
Sources behind this comparison
Hannoversche
- hannoversche.de: 12 facts, checked September 26, 2026
- en.wikipedia.org: 1 fact, checked September 26, 2026
Hfm Affiliates
- affiliates.hfm.com: 8 facts, checked September 29, 2026
- affiliates.hfmarkets.co.uk: 1 fact, checked September 29, 2026
Every fact side by side
| Fact | Hannoversche | Hfm Affiliates |
|---|---|---|
| Pricing model | CPA | CPA, RevshareCovers more |
| Features | Referral | Direct, ReferralCovers more |
| Region | Single country | Not confirmed |
| Legal entity | Hannoversche Lebensversicherung AG | Not confirmed |
| Headquarters | Germany | Not confirmed |
| Founded | 1875 | Not confirmed |
| Support channels | Phone, Email | Not confirmed |
Where each stands against the rest
| Fact | Hannoversche | Hfm Affiliates | Median |
|---|---|---|---|
| Payout threshold | Not confirmed | $5lowest quarter | $50 |
| Commission (%) | Not confirmed | 60%highest quarter | 12% |
Median across 167 listed affiliate programs.
Pros and cons
Hannoversche
Pros
- The rate is a flat cost per action of up to 225 EUR per sale, so what a converted referral earns can be budgeted before you write the content.
- Money leaves through bank transfer, paypal and gift card, so a publisher is not tied to a single settlement route.
- The scheme runs on Tellja, which keeps tracking inside a network you can report from alongside your other programmes.
Cons
- Recurring commission is not offered, so a policy that stays in force produces nothing after the sale and each referral starts from scratch.
- The scheme is a single market offer, so only German readers convert, and 79.4% of insurance programmes are limited the same way.
- Support runs on phone and email, with no live chat listed for questions that arrive mid campaign.
Hfm Affiliates
Pros
- Earn up to 60% revenue share with recurring commission for continued trader activity
- Choose CPA or revenue share through CPA and revshare to match your traffic style
- Benefit from daily payouts that keeps earnings moving on a regular cycle
Cons
- Focused on investing via investing, so publishers outside trading niches may look elsewhere
- Revenue tied to trader activity at up to 60% revenue share means income varies with referrals
Who each suits
Hannoversche
Who it suits
- Publishers with a German insurance readership who can recommend a specific provider and see the referral through to a policy.
- Anyone who values a predictable flat bounty over a share of revenue, which is the shape Mintos (Hybrid lead and CPA commission) and Admitad (5% per sale) are built around.
Who should look elsewhere
- Publishers chasing renewals, since recurring commission is not offered here while Mintos pays Hybrid lead and CPA commission across a wider range of finance signups.
- Anyone wanting a share of each sale rather than a flat fee, where Admitad runs 5% per sale.
- Sites whose readers sit outside Germany, since the offer covers a single market and a business banking audience fits Qonto (CPA per registration plus KYB bonus) better.
Hfm Affiliates
Who it suits
- Investing content creators covering trading topics
- Publishers who want CPA and revenue share choice for finance traffic
Who should look elsewhere
- Crypto exchange publishers who may prefer Kraken for its lifetime revenue terms
- Cashback style referrers who may prefer Nectaro for its per side rewards
Country by country
| Country | Hannoversche | Hfm Affiliates |
|---|---|---|
| Germany | Yes | No |
Questions about each
Hannoversche
How much does a referral pay?+
The stated rate is up to 225 EUR per sale, and the model is cost per action (cpa), so a payout depends on a completed sale rather than on traffic volume. Plan your earnings per converted referral, not per click or per lead, because nothing is due until the sale completes.
Is there recurring commission?+
There is not. Recurring commission is listed as unavailable, which means an insurer that keeps a policy in force pays nothing further after the sale. Earnings reset with each new referral at up to 225 EUR per sale, so publishers who prefer lifetime value over a single bounty should look at a programme that pays on renewals.
Hfm Affiliates
What commission models does Hfm Affiliates offer?+
Hfm Affiliates offers choice through CPA and revshare to suit varied promotion styles. Revenue share terms run up to 60% revenue share with recurring earnings for continued activity. CPA provides an alternative for publishers who prefer fixed rewards per qualified referral.
Does Hfm Affiliates pay recurring commissions?+
Yes, Hfm Affiliates supports recurring commission for revenue share referrals. Earnings under up to 60% revenue share continue while referred traders remain active. This structure suits publishers who build lasting investing audiences and value ongoing rewards.
Other matchups
Hfm Affiliates
Higher score in this comparison