If you've ever signed up for a CFD here broker, you might have seen a field requesting a partner code. Most traders skip right past it. That is a bad move, because using the correct code can get you a deposit bonus of a significant amount in extra funds.
A broker partner code is basically a promotional code that you input during registration. After you place your first deposit, the broker gives you bonus funds into your trading account. The fees stay the same. You just receive extra money to work with.
Where to Find Active Partner Codes for Brokers
Very few of the codes you come across online actually work. Most broker partner codes posted online are expired. Someone posts a code when it is new and then moves on. Six months later the offer has expired but the post is still up.
This is why dedicated verification sites are valuable. Directories that regularly verify their codes prior to listing them spare you a lot of frustration. Use a source that checks codes on an ongoing basis, not just when they first go up.
Types of Bonuses On Offer Through a Partner Code
The standard type is the percentage match. You deposit a set amount and the broker credits a portion on top. Some brokers match up to 100 %, which basically doubles your opening capital.
Some brokers offer no-deposit bonuses — a modest amount, typically around ten and fifty dollars, just for opening an account. No deposit required.
To put this in perspective, certain established brokers currently run welcome bonuses up to several thousand in extra trading capital. That is real capital you can trade with from day one.
Things to Watch Out For Before Applying a Broker Partner Code
The most common 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 across the industry and does not need to scare you.
Additionally verify if the bonus has an time limit, and what happens if you withdraw your original deposit prior to meeting the volume target. Most brokers will cancel the bonus if you do this.
How to Activate a Broker Partner Code
This procedure is pretty straightforward. Source a working partner code from a trusted site. Go to your chosen broker's sign-up page. Enter your details as usual. Paste the partner code in the promotional code field. Complete your sign-up and place your initial deposit. The bonus gets credited on its own.
The whole thing takes roughly five to ten minutes. There is no disadvantage to entering a valid partner code with a regulated broker. Your fees do not change. You just get additional money in your account. Do not skip bonus money unclaimed if all it requires is typing a code during sign-up.