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 | JustMarkets | TMGM |
|---|---|---|
| CPA Range | $150–$400 | $250–$650✓ |
| Max CPA | $400 | $650✓ |
| Rebate/Lot | $4 | $6✓ |
| Revenue Share | 25% | 30%✓ |
| Broker Tier | Tier 2 | Tier 2✓ |
| Regulation | FSA, VFSC✓ | ASIC, VFSC |
| IB Score | 2.1/5 | 2.7/5✓ |
When comparing the CPA (Cost Per Acquisition) model, JustMarkets and TMGM take different approaches to attracting new Introducing Brokers. JustMarkets offers a CPA range from $150 to $400 per first-time deposit, while TMGM provides a range from $250 to $650. For new IBs building a client base, TMGM delivers higher earning potential at the entry level. The maximum CPA difference of $250 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. JustMarkets pays $4 per standard lot traded, while TMGM compensates at $6 per lot. For an IB with clients trading 500 lots daily, the TMGM advantage translates to $1000 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. JustMarkets offers 25% of client commissions, compared to TMGM's 30%. On a mature book with $10M AUM generating $50K in monthly commissions, the TMGM advantage yields $2500 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 TMGM.
Regulatory oversight directly impacts client confidence, payout reliability, and dispute resolution. JustMarkets operates under FSA, VFSC licenses, while TMGM is regulated by ASIC, VFSC. JustMarkets maintains more regulatory redundancy, reducing counterparty risk and ensuring faster commission settlements. Both brokers are Tier 2 operators, but their diverse licensing signals institutional-grade compliance. When pitching IB programs to high-net-worth traders or corporate accounts, the regulator roster matters—both maintain credible standing, though TMGM may resonate more in specific regions.
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.
TMGM is a Tier 2 regulated broker offering an IB program with CPA commissions ranging from $250 to $650 per qualifying FTD. The rebate model pays $6 per standard lot traded across all instruments, making it particularly lucrative for IBs with high-frequency trading clients. With 30% revenue share, long-term client relationships generate compounding passive income. The broker operates under ASIC, VFSC licenses and serves clients across APAC.
TMGM leads on CPA commissions, offering up to $650 per FTD versus JustMarkets's $400. TMGM wins on rebates at $6/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 TMGM if your priority is maximum CPA; choose TMGM if you have active traders generating 50+ lots per month.
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