If you have ever signed up for a CFD broker, you might have come across a box asking for a partner code. Most traders leave it blank. That is a bad move, because applying the correct code unlocks a sign-up bonus of hundreds or even thousands in free trading capital.
A broker partner code is essentially a promotional code that you enter during account opening. Once you place your opening deposit, the broker adds additional capital into your live account. Your spreads do not change. You just receive more capital to start with.
How to Source Valid Partner Codes for Brokers
Very few of the codes you see through Google are still active. Many broker partner codes floating around online are no longer active. Some website owner posts a code when it is new and then moves on. Six months later the promotion has been discontinued but the article is still ranking in Google.
This is why curated code sites matter. Sites that regularly test their codes prior to listing them spare you considerable wasted time. Use a source that checks codes on a regular basis, not just when they first go up.
Types of Bonuses On Offer Through a Partner Code
The most common type is the deposit match. You put in a certain amount and the broker credits a portion on top. A few brokers match up to 100 %, which basically doubles your initial capital.
There are also sign-up bonuses — a small amount, usually somewhere between ten and fifty dollars, just for registering an account. No deposit needed.
To put this in perspective, several major brokers right now useful resource run welcome bonuses up to thousands of in bonus funds. That is real funds you can put to work from day one.
Things to Watch Out For Before Applying a Broker Partner Code
The most common condition is a trading volume requirement. You must trade a certain amount of trades before the bonus funds are made yours to keep. This is normal in the forex world and does not need to worry you.
Additionally check whether the bonus has an time limit, and what happens if you withdraw your initial deposit before reaching the volume target. Many brokers will cancel the bonus if you do this.
Steps to Activate a Broker Partner Code
The procedure is pretty simple. Get a working partner code from a reliable site. Visit your selected broker's registration page. Enter your information as usual. Paste the partner code in the promo code box. Complete your registration and make your opening deposit. The bonus gets credited on its own.
The whole process takes maybe five to ten minutes. There is no downside to using a working partner code with a regulated broker. The spreads do not change. You just receive bonus funds in your account. There is no reason to miss free funds on the table when all it takes is entering a code during sign-up.