If you've ever registered with a CFD broker, you might have noticed a field asking for a partner code. Most people skip right past it. That is a mistake, because using the right code can get you a welcome bonus of real money in extra cash.
A broker partner code is basically a promotional code that you input during registration. After you make your first deposit, the broker gives you additional capital in your live account. Your commissions remain unchanged. You just get extra funds to trade with.
How to Find Working Partner Codes for Brokers
Not every codes you find online are valid. Many broker partner codes shared online are no longer active. A blogger posts a code when it is new and then never checks it again. Months later the code has expired but the article is still up.
That is the reason curated directories are worth using. Sites that regularly check their codes before publishing them spare you a lot of hassle. Look for a source that tests codes on an ongoing basis, not just when they first go up.
Different Bonuses You Can Get Through a Partner Code
The standard type is the deposit match. You put in a set amount and the broker adds a percentage on top. Some brokers offer up to 100 percent, which practically doubles your starting capital.
There are also sign-up bonuses — a modest amount, often around ten and fifty dollars, just for opening an account. No deposit needed.
To put this in perspective, certain major brokers currently run welcome bonuses of thousands of in extra trading capital. That is real money you can trade with from day one.
What to Be Aware Of Before Entering a Broker Partner Code
The standard requirement is a lot requirement. You need to complete a certain amount of trades before the bonus are made withdrawable. This is normal in the forex world and should not scare you.
Additionally check whether the bonus has an validity window, and what happens if you cash out your original deposit before meeting the trading threshold. Many brokers will void the bonus if you do this.
How to Apply a Broker Partner Code
This procedure is fairly simple. Source a active partner code from a trusted site. Visit your selected broker's registration page. Fill in your information as normal. Enter the partner code in the promotional code box. Finish your registration and complete your first deposit. The bonus will be added straight away.
The entire thing takes about a few minutes. There is no negative to using a working partner code with a reputable broker. Your spreads remain identical. You just start with free capital in your account. see more Do not miss extra funds on the table when all it takes is pasting a code during registration.