Understanding Partner Codes for CFD Brokers
If you've ever opened an account with a trading broker, you may have come across a field requesting a partner code. Many traders skip right past it. That is a mistake, because using the right code unlocks a deposit bonus worth hundreds or even thousands in free funds.
A broker partner code is basically a promotional code that you input during registration. After you complete your first deposit, the broker gives you extra money in your live account. The spreads are not affected. You just start with additional capital to start with.
Where to Find Active Partner Codes for Brokers
Not every codes you find on the internet are valid. Most broker partner codes posted online are expired. Some website owner lists a code when it is new and then never checks it again. Months later the code has expired but the post is still ranking in Google.
That is the reason curated code sites are worth using. Sites that actually check their codes prior to listing them spare you considerable frustration. Look for a source that verifies codes on a regular basis, not just once when they are first posted.
Types of Bonuses Available Through a Partner Code
By far the most popular type is the matching bonus. You fund with a minimum amount and the broker matches a percentage on top. A few brokers offer up to 100 %, which effectively doubles your opening funds.
There are also no-deposit bonuses — a modest amount, typically somewhere between 10 to 50 dollars, just for opening an account. No deposit necessary.
To put this in perspective, certain well-known brokers right now run sign-up bonuses of several thousand dollars. That is real capital you can trade with from day one.
Things to Be Aware Of Before Applying a Broker Partner Code
The most common requirement is a trading volume requirement. You must trade a specified amount of trades before the bonus are made yours to keep. This is common practice and should not put you off.
Also look at if the bonus has an validity window, and what happens if you withdraw your original deposit before reaching the trading requirement. Most brokers will cancel the bonus if you do this.
How to Activate a Broker Partner Code
The procedure is fairly simple. Source a working partner code from a reputable directory. Visit your chosen broker's sign-up page. Complete your details as usual. Type the partner code in the promo code field. Complete your sign-up and place your first deposit. The bonus will be credited on its own.
The entire process should take roughly five to ten minutes. No disadvantage to applying a valid partner code with a regulated broker. Your fees do not change. You just receive additional funds in your account. There is webpage no reason to leave bonus funds going to waste when all it takes is pasting a code during registration.