If you've ever opened an account with a CFD broker, you may have seen a field requesting a partner code. Many people skip right past it. That is a missed opportunity, because entering the correct code unlocks a welcome bonus worth a significant amount in free funds.
A broker partner code is basically a promo code that you input during sign-up. After you complete your opening deposit, the broker credits extra money in your trading account. The commissions stay the same. You just start with more money to work with.
How to Find Verified Partner Codes for Brokers
Very few of the codes you come across online are still active. Many broker partner codes posted online are outdated. Someone posts a code when it is new and then never checks it again. Weeks later the promotion has ended but the post is still live.
This is why specialised code sites are valuable. Sites that actually check their codes before listing them save you a lot of frustration. Use a source that checks codes on a regular basis, not just once when they are first posted.
Different Bonuses On Offer With a Partner Code
By far the most popular type is the deposit match. You put in a minimum amount and the broker adds a portion on top. Certain brokers offer up to 100 percent, which effectively doubles your opening money.
Some brokers offer free bonuses — a token amount, typically around 10 to 50 dollars, just for opening an account. No deposit needed.
To put this in perspective, certain major brokers right now run sign-up bonuses worth several thousand in extra trading capital. That is real funds you can trade with from day one.
Things to Watch Out For Before Applying a Broker Partner Code
The standard condition is a lot requirement. You must trade a certain amount of trades before the bonus are made available for withdrawal. This is entirely typical in the forex world and should not worry you.
Additionally verify whether the bonus has an expiry date, and what happens if you withdraw your original deposit before meeting the volume threshold. Most brokers will forfeit the bonus if you do this.
How to Activate a Broker Partner Code
The procedure is fairly easy. Find a verified partner code from a reliable source. Go to your selected broker's sign-up page. Complete your details as normal. Paste the partner code in the promo code field. Finish your sign-up and complete your opening deposit. The bonus will be credited automatically.
The whole process should take about five to ten minutes. There is no downside to using a valid partner code with a regulated broker. The spreads stay the same. You just receive additional recommended site money in your account. Do not leave bonus capital unclaimed when all it takes is pasting a code at registration.