A Guide to Partner Codes for Online Brokers
If you've ever signed up for a CFD broker, you have probably come across a box asking for a partner code. Most new traders ignore it completely. That is a missed opportunity, because using the correct code can get you a sign-up bonus worth real money in extra cash.
A broker partner code is basically a promo code that you type in during account opening. Once you make your opening deposit, the broker gives you extra money into your live account. The fees stay the same. You just get extra money to trade with.
How to Find Valid Partner Codes for Brokers
Very few of the codes you come across online actually work. A lot of broker partner codes shared online are outdated. A blogger lists a code when it is first released and then forgets about it. Weeks later the code has ended but the article is still up.
This is why specialised code sites are worth using. Resources that regularly verify their codes before listing them spare you a lot of hassle. Look for a source that checks codes on a regular basis, not just once when they are first posted.
Types of Bonuses Available Using a Partner Code
The standard type is the matching bonus. You deposit a certain amount and the broker adds a percentage on top. A few brokers match up to 100 %, which practically doubles your starting funds.
Some brokers offer no-deposit bonuses — a small amount, usually somewhere between ten and fifty dollars, just for registering an account. No deposit necessary.
In real terms, several well-known brokers right now offer sign-up bonuses of thousands of in bonus funds. That is actual funds you can trade with from day one.
Things to Watch Out For Before Entering a Broker Partner Code
The standard condition is a trading volume requirement. You have to execute a certain volume before the bonus are made yours to keep. This is normal across the industry and should not scare you.
Additionally verify whether the bonus has an validity window, and what happens if you cash out your initial deposit before hitting the trading threshold. Most brokers will forfeit the bonus if you do this.
How to Apply a Broker Partner Code
The procedure is pretty simple. Source a verified partner code from a reliable directory. Head to your preferred broker's sign-up page. Enter your details as usual. Enter the partner code in the partner code field. Submit your sign-up and site place your initial deposit. The bonus should be credited straight away.
The entire process should take maybe five to ten minutes. There is no downside to using a valid partner code with a licensed broker. Your spreads stay the same. You just start with bonus funds in your account. There is no reason to miss bonus funds unclaimed when all it requires is entering a code at registration.