Updated September 29, 2026 · AffCue Editorial Team
Hfm Affiliates vs Smartbroker
Facts checked September 29, 2026.
Facts checked September 26, 2026.
Hfm Affiliates vs Smartbroker: the differences
| Compare | Hfm Affiliates ReviewSee alternativesSee alternatives |  Smartbroker |
|---|---|---|
| Commission terms | up to 60% revenue share | 60 EUR per depot opening |
| Recurring commission | YesHas it | No |
| Payout per sale or signup | $650 | €60 |
| Verticals | Investing | Investing, CryptoCovers more |
| Cookie window | Not confirmed | 60 days |
| Networks | Not confirmed | ADCELL, FinanceAds |
| Payout threshold | $5 | Not confirmed |
| Payout frequency | daily payouts | Not confirmed |
| Commission (%) | 60% | 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
- Recurring commission: only Hfm Affiliates.
- Pricing model: only Hfm Affiliates offers Revshare.
- Verticals: only Smartbroker offers Crypto.
Our verdict on each
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.
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 | Hfm Affiliates | Smartbroker |
|---|---|---|
| Region | Not confirmed | Single country |
Positions in our rankings
| Ranking | Hfm Affiliates | Smartbroker |
|---|---|---|
| Finance affiliate programs | 3 of 425 | 20 of 425 |
| Investing and trading programs | 2 of 87 | 10 of 87 |
What we checked
Hfm Affiliates
- affiliates.hfm.com: 8 facts, checked September 29, 2026
- affiliates.hfmarkets.co.uk: 1 fact, checked September 29, 2026
Smartbroker
- smartbrokerplus.de: 8 facts, checked September 26, 2026
- adcell.de: 4 facts, checked September 26, 2026
Every fact side by side
| Fact | Hfm Affiliates | Smartbroker |
|---|---|---|
| Pricing model | CPA, RevshareCovers more | CPA |
| Features | Direct, Referral | Direct, Referral |
| Region | Not confirmed | Single country |
| Legal entity | Not confirmed | Smartbroker AG |
| Headquarters | Not confirmed | Germany |
| Support channels | Not confirmed | Phone, Email, Help centre |
Where each stands against the rest
| Fact | Hfm Affiliates | Smartbroker | Median |
|---|---|---|---|
| Cookie window | Not confirmed | 60 dayshighest quarter | 30 days |
| Payout threshold | $5lowest quarter | Not confirmed | $50 |
| Commission (%) | 60%highest quarter | Not confirmed | 12% |
Median across 167 listed affiliate programs.
Pros and cons
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
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
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
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 | Hfm Affiliates | Smartbroker |
|---|---|---|
| Germany | No | Yes |
Questions about each
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.
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.
Other matchups
Hfm Affiliates
Higher score in this comparison