If you have ever signed up for a CFD broker, you might have noticed a box requesting a partner code. A lot of new traders ignore it completely. That is a mistake, because entering the right code unlocks a sign-up bonus worth hundreds or even thousands in additional money.
A broker partner code is basically a referral code that you type in during sign-up. Once you place your initial deposit, the broker credits bonus funds into your trading account. Your spreads do not change. You just start with extra capital to start with.
How to Get Working Partner Codes for Brokers
Very few of the codes you come across online are still active. Many broker partner codes floating around online are dead. Some website owner publishes a code when check this out it is new and then moves on. Months later the promotion has been discontinued but the post is still live.
That is the reason specialised verification sites matter. Resources that actually check their codes before publishing them save you real frustration. Look for a directory that tests codes on an ongoing basis, not just when they first go up.
Types of Bonuses On Offer With a Partner Code
The standard type is the deposit match. You fund with a minimum amount and the broker credits a portion on top. A few brokers offer up to 100 %, which practically doubles your opening money.
There are also free bonuses — a modest amount, often around 10 to 50 dollars, just for opening an account. No deposit needed.
To put this in perspective, some well-known brokers right now offer welcome bonuses up to thousands of in bonus funds. That is genuine capital you can put to work from day one.
What to Be Aware Of Before Applying a Broker Partner Code
The main condition is a trading volume requirement. You have to trade a specified amount of trades before the bonus become available for withdrawal. This is normal across the industry and should not worry you.
Also verify if the bonus has an expiry date, and what happens if you withdraw your original deposit prior to meeting the trading requirement. Many brokers will cancel the bonus if you do this.
How to Activate a Broker Partner Code
The procedure is quite simple. Find a working partner code from a reliable site. Visit your preferred broker's registration page. Enter your details as normal. Enter the partner code in the promo code field. Finish your registration and complete your initial deposit. The bonus gets applied automatically.
The entire process should take about a few minutes. No disadvantage to using a valid partner code with a reputable broker. The fees stay the same. You just receive extra funds in your account. Do not miss extra money going to waste if all it requires is entering a code during registration.