A Guide to Partner Codes for Online Trading
If you've ever signed article up for a CFD broker, you have probably come across a field asking for a partner code. Many new traders leave it blank. That is a mistake, because using the correct code unlocks a sign-up bonus of real money in extra trading capital.
A broker partner code is essentially a promotional code that you type in during registration. After you complete your opening deposit, the broker credits additional capital into your live account. The spreads stay the same. You just get more capital to work with.
Where to Source Working Partner Codes for Brokers
Not every codes you find through Google are valid. A lot of broker partner codes floating around online are outdated. A blogger lists a code when it is new and then forgets about it. Months later the code has expired but the article is still up.
That is the reason specialised code sites are valuable. Resources that regularly check their codes before listing them save you a lot of frustration. Use a site that tests codes on a regular basis, not just when they first go up.
Types of Bonuses You Can Get Through a Partner Code
By far the most popular type is the deposit match. You deposit a certain amount and the broker matches a portion on top. Certain brokers offer up to 100 %, which practically doubles your starting funds.
Some brokers offer free bonuses — a small amount, often somewhere between 10 to 50 dollars, just for creating an account. No deposit necessary.
In real terms, certain major brokers right now offer sign-up bonuses up to thousands of dollars. That is real funds you can use from day one.
Things to Be Aware Of Before Applying a Broker Partner Code
The most common requirement is a trading volume requirement. You have to complete a certain volume before the extra money are made yours to keep. This is entirely typical across the industry and should not put you off.
Additionally verify whether the bonus has an time limit, and what happens if you pull out your original deposit prior to meeting the volume target. Most brokers will void the bonus if you do this.
How to Use a Broker Partner Code
This procedure is quite straightforward. Find a verified partner code from a reputable site. Go to your preferred broker's registration page. Fill in your details as usual. Enter the partner code in the promo code field. Finish your sign-up and make your first deposit. The bonus gets added on its own.
The whole thing takes roughly a few minutes. There is no negative to applying a working partner code with a reputable broker. Your fees do not change. You just start with bonus money in your account. There is no reason to miss extra funds going to waste when all it takes is typing a code at registration.