Understanding Partner Codes for CFD Trading
If you have ever opened an account with a trading broker, you might have come across a field asking for a partner code. A lot of new traders leave it blank. That is a bad move, because entering the correct code unlocks a deposit bonus of a significant amount in extra money.
A broker partner code is essentially a promo code that you input during registration. After you make your initial deposit, the broker credits bonus funds into your live account. The spreads do not change. You just start with more capital to trade with.
How to Source Active Partner Codes for Brokers
Not every codes you come across on the internet actually work. Most broker partner codes posted online are outdated. Someone publishes a code when it is new and then forgets about it. Six months later the code has expired but the post is still live.
That is the reason dedicated directories matter. Directories that regularly check their codes before publishing them save you considerable frustration. Look for a site that tests codes on a regular basis, not just when they first go up.
Different Bonuses On Offer With a Partner Code
By far the most popular type is the percentage match. You fund with a minimum amount and the broker matches a portion on top. Some brokers offer up to 100 percent, which effectively doubles your opening funds.
Some brokers offer no-deposit bonuses — a modest amount, often around ten and fifty dollars, just for creating an account. No deposit required.
To put this in perspective, certain major brokers right now run welcome bonuses of thousands of in bonus funds. That is real capital you can use from day one.
What to Be Aware Of Before Applying a Broker Partner Code
The most common condition is a lot requirement. You have to complete a minimum amount of trades before the bonus are made yours to keep. This is normal in the forex world and does not need to put you off.
Also verify if the bonus has an expiry date, and what happens if you pull out your initial deposit prior to hitting the trading requirement. Most brokers will forfeit the bonus if you do this.
How to Apply a Broker Partner Code
The process is quite easy. Find a active partner code from a reliable directory. Go to your chosen broker's registration page. Complete your details as usual. Enter the partner code in the promotional code field. Complete your registration and make your opening deposit. The bonus will be added straight away.
The entire thing takes maybe 5 to 10 minutes. No disadvantage to entering a verified partner code with a regulated broker. Your spreads do not change. You just start with extra discover this capital in your account. Do not skip free money unclaimed if all it takes is entering a code during sign-up.