A Guide to Partner Codes for CFD Brokers
If you've ever signed up for a trading broker, you may have seen a box requesting a partner code. A lot of people leave it blank. That is a missed opportunity, because entering the right code can get you a welcome bonus of hundreds or even thousands in extra cash.
A broker partner code is basically a promotional code that you input during sign-up. Once you make your first deposit, the broker gives you extra money into your trading account. Your fees remain unchanged. You just have more funds to start with.
How to Source Active Partner Codes for Brokers
Not all codes you come across on the internet are still active. Most broker partner codes posted online are no longer partner code active. Some website owner publishes a code when it is first released and then moves on. Six months later the promotion has been discontinued but the page is still up.
This is why dedicated directories matter. Resources that regularly verify their codes before publishing them save you considerable hassle. Use a site that checks codes on an ongoing basis, not just once when they are first posted.
Types of Bonuses On Offer Using a Partner Code
The standard type is the deposit match. You deposit a certain amount and the broker credits a percentage on top. A few brokers offer up to 100 percent, which effectively doubles your initial funds.
Some brokers offer free bonuses — a small amount, often around ten and fifty dollars, just for opening an account. No deposit needed.
In real terms, certain established brokers currently offer welcome bonuses up to thousands of in extra trading capital. That is actual money you can use from day one.
What to Watch Out For Before Entering a Broker Partner Code
The most common requirement is a turnover requirement. You need to execute a minimum number of lots before the bonus become yours to keep. This is entirely typical in the forex world and does not need to put you off.
Additionally look at whether the bonus has an time limit, and what happens if you pull out your original deposit prior to reaching the trading threshold. Most brokers will forfeit the bonus if you do this.
How to Use a Broker Partner Code
The procedure is quite straightforward. Source a verified partner code from a reliable source. Visit your chosen broker's sign-up page. Fill in your information as usual. Enter the partner code in the partner code field. Submit your sign-up and place your first deposit. The bonus gets credited automatically.
The whole process takes maybe 5 to 10 minutes. No disadvantage to using a valid partner code with a regulated broker. Your spreads remain identical. You just get additional funds in your account. Do not skip extra funds going to waste when all it takes is typing a code at sign-up.