Side-by-side IB commission analysis: CPA, rebate per lot, revenue share, regulation, and payout terms. Find out which broker pays more for your Introducing Broker network.
| Metric | Admirals | JustMarkets |
|---|---|---|
| CPA Range | $200–$500✓ | $150–$400 |
| Max CPA | $500✓ | $400 |
| Rebate/Lot | $4✓ | $4 |
| Revenue Share | 25%✓ | 25% |
| Broker Tier | Tier 2 | Tier 2✓ |
| Regulation | FCA, CySEC✓ | FSA, VFSC |
| IB Score | 2.2/5✓ | 2.1/5 |
When comparing the CPA (Cost Per Acquisition) model, Admirals and JustMarkets take different approaches to attracting new Introducing Brokers. Admirals offers a CPA range from $200 to $500 per first-time deposit, while JustMarkets provides a range from $150 to $400. For new IBs building a client base, Admirals delivers higher earning potential at the entry level. The maximum CPA difference of $100 per FTD can compound significantly when you're acquiring 50+ qualified deposits monthly.
The rebate-per-lot model is where high-volume IBs see exponential earnings growth. Admirals pays $4 per standard lot traded, while JustMarkets compensates at $4 per lot. For an IB with clients trading 500 lots daily, the Admirals advantage translates to $0 per day in incremental revenue. Rebate income is passive and volume-driven, making it ideal for IBs focused on client retention and activity metrics rather than new acquisition.
Revenue share is the long-term wealth builder in the IB ecosystem. Admirals offers 25% of client commissions, compared to JustMarkets's 25%. On a mature book with $10M AUM generating $50K in monthly commissions, the JustMarkets advantage yields $0 additional monthly passive income. This gap widens exponentially as your client base scales, making revenue share the critical metric for 2–5 year IB strategy. IBs who prioritize long-term compounding over immediate CPA payouts should favor Admirals.
Regulatory oversight directly impacts client confidence, payout reliability, and dispute resolution. Admirals operates under FCA, CySEC, ASIC licenses, while JustMarkets is regulated by FSA, VFSC. Admirals maintains more regulatory redundancy, reducing counterparty risk and ensuring faster commission settlements. Both brokers are Tier 2 operators, but their combination of FCA/ASIC/CySEC coverage signals institutional-grade compliance. When pitching IB programs to high-net-worth traders or corporate accounts, the regulator roster matters—Admirals edges ahead on trust factors.
Admirals is a Tier 2 regulated broker offering an IB program with CPA commissions ranging from $200 to $500 per qualifying FTD. The rebate model pays $4 per standard lot traded across all instruments, making it particularly lucrative for IBs with high-frequency trading clients. With 25% revenue share, long-term client relationships generate compounding passive income. The broker operates under FCA, CySEC, ASIC licenses and serves clients across EU, UK.
JustMarkets is a Tier 2 regulated broker offering an IB program with CPA commissions ranging from $150 to $400 per qualifying FTD. The rebate model pays $4 per standard lot traded across all instruments, making it particularly lucrative for IBs with high-frequency trading clients. With 25% revenue share, long-term client relationships generate compounding passive income. The broker operates under FSA, VFSC licenses and serves clients across APAC, Africa, LATAM.
Admirals leads on CPA commissions, offering up to $500 per FTD versus JustMarkets's $400. Admirals wins on rebates at $4/lot, making it the better choice for IBs with high-volume scalping clients. Both brokers are Tier 2-rated and offer competitive revenue share programs. Choose Admirals if your priority is maximum CPA; choose Admirals if you have active traders generating 50+ lots per month.
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