Updated September 28, 2026 · AffCue Editorial Team
Hannoversche vs InstaForex
Facts checked September 26, 2026.
Facts checked September 26, 2026.
What sets them apart
| Compare |  Hannoversche |  InstaForex |
|---|---|---|
| Commission terms | up to 225 EUR per sale | Up to $20 per market lot |
| Recurring commission | No | YesHas it |
| Payout per sale or signup | €225 | $2,000 |
| Verticals | Insurance | Investing |
| Networks | Tellja | Not confirmed |
| Payout methods | Bank transfer, Paypal, Gift card | Not confirmed |
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Key differences
- Recurring commission: only InstaForex.
- Pricing model: only InstaForex offers CPL, Revshare.
- Features: only Hannoversche offers Referral.
- Features: only InstaForex offers Direct.
- Region: only Hannoversche offers Single country.
- Region: only InstaForex offers Global.
- Verticals: only Hannoversche offers Insurance.
- Verticals: only InstaForex 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.
InstaForex
InstaForex pays on trading volume rather than sign-ups alone, which suits publishers whose readers already follow forex and trading markets. You earn Up to $20 per market lot, and the programme runs cost per action, cost per lead and revenue share models, with recurring commission as well.
Where they rank in our lists
| Ranking | Hannoversche | InstaForex |
|---|---|---|
| Finance affiliate programs | 15 of 425 | 2 of 425 |
What we checked
Hannoversche
- hannoversche.de: 12 facts, checked September 26, 2026
- en.wikipedia.org: 1 fact, checked September 26, 2026
InstaForex
- instaforex.com: 7 facts, checked September 26, 2026
Every fact side by side
| Fact | Hannoversche | InstaForex |
|---|---|---|
| Pricing model | CPA | CPA, CPL, RevshareCovers more |
| Features | Referral | Direct |
| Region | Single country | Global |
| Legal entity | Hannoversche Lebensversicherung AG | Not confirmed |
| Headquarters | Germany | Not confirmed |
| Founded | 1875 | Not confirmed |
| Support channels | Phone, Email | Not confirmed |
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.
InstaForex
Pros
- Several payout models run side by side, including cost per action, cost per lead and revenue share (cpa, cpl and revshare).
- Recurring commission is part of the deal, so a referred trader can keep paying after the first deposits.
- Volume pay of Up to $20 per market lot rewards readers who trade rather than merely register.
Cons
- The headline Up to $20 per market lot scales with trading volume, so readers who register without trading bring you little.
- Coverage sits in the investing vertical (investing), so it fits trading content rather than wider finance topics.
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.
InstaForex
Who it suits
- You write about forex, trading platforms and investing, where readers already understand lots and trading volume.
- You want more than a sign-up bounty, because revenue share and recurring commission keep paying after the first activity.
- You promote a single brand directly (direct) and prefer a straight relationship to a network.
Who should look elsewhere
- Mintos, if you would rather promote Hybrid lead and CPA commission in a lending marketplace than a trading brand.
- Qonto, if your readers are business owners and CPA per registration plus KYB bonus fits that audience better.
- Admitad, if you want a network paying 5% per sale across many offer types at once.
Country by country
| Country | Hannoversche | InstaForex |
|---|---|---|
| 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.
InstaForex
How much does InstaForex pay per referral?+
The headline rate is Up to $20 per market lot, calculated on trading volume rather than on the sign-up itself. The programme also sets a cost per action payout of $2,000, and the published model list covers cost per action, cost per lead and revenue share (cpa, cpl and revshare), so you can pick the structure that suits your traffic.
Does the programme pay recurring commission?+
Yes, recurring commission is part of the offer, which is not the norm across the trading programmes in this group. Alongside revenue share in cpa, cpl and revshare, it means a referred trader who keeps trading keeps producing commission for you instead of stopping at the first payment.