If you've ever signed up for a CFD broker, you might have noticed a field requesting a partner code. Many new traders ignore it completely. That is a mistake, because entering the right code unlocks a deposit bonus of a significant amount in free trading capital.
A broker partner code is really just a promo code that you input during sign-up. Once you make your opening deposit, the broker credits extra money into your trading account. The trading conditions stay the same. You just receive more funds to start with.
Where to Find Working Partner Codes for Brokers
Not all codes you come across through Google are valid. Many broker partner codes shared online are dead. A blogger publishes a code when it is first released and then forgets about it. Six months later the promotion has expired but the page is still up.
That is the reason curated verification sites matter. Sites that actually verify their codes before listing them spare you real wasted time. Find a site that verifies codes on a regular basis, not just when they first go up.
Different Bonuses On Offer Using a Partner Code
The standard type is the matching bonus. You deposit a minimum amount and the broker matches a portion on top. Certain brokers offer up to 100 %, which effectively doubles your starting money.
There are also sign-up bonuses — a token amount, usually somewhere between ten and fifty dollars, just for registering an account. No deposit needed.
To put this in perspective, some major brokers currently run sign-up bonuses up to several thousand dollars. That is actual capital you can use from day one.
Things to Be Aware Of Before Entering a Broker Partner Code
The standard condition is a trading volume requirement. You have to complete a specified amount of trades before the bonus become yours to keep. This is entirely typical in the forex world and should not put you off.
Additionally verify if the bonus has an time limit, and what happens if you withdraw your original deposit before reaching the trading target. Many brokers will cancel the bonus if you do this.
Steps to Activate a Broker Partner Code
This procedure is quite straightforward. Source a active partner code from a trusted source. Head to your preferred broker's registration page. Fill in your information as usual. Type the partner code in the promotional code box. Finish your sign-up and complete your initial deposit. The bonus will be credited automatically.
The entire process should take about a few minutes. No downside to using a working partner code with a licensed broker. The fees do not change. You just receive bonus money in related site your account. Do not skip bonus money unclaimed if all it takes is typing a code at registration.