A Guide to Partner Codes for CFD Brokers
If you have ever signed up for a trading broker, you have probably noticed a box asking for a partner code. Most people skip right past it. That is a bad move, because using the right code gives you a sign-up bonus of a significant amount in bonus cash.
A broker partner code is really just a promotional code that you enter during sign-up. Once you make your opening deposit, the broker adds bonus funds in your live account. Your fees remain unchanged. You just receive additional funds to work with.
How to Get Active Partner Codes for Brokers
Not every codes you see on the internet are valid. A lot of broker partner codes posted online are expired. A blogger lists a code when it is first released and then never checks it again. Months later the promotion has expired but the article is read the article still ranking in Google.
This is why dedicated verification sites matter. Sites that actively check their codes prior to publishing them save you a lot of frustration. Look for a site that checks codes on a regular basis, not just once when they are first posted.
Different Bonuses Available With a Partner Code
The standard type is the percentage match. You fund with a minimum amount and the broker matches a percentage on top. Some brokers match up to 100 percent, which practically doubles your initial capital.
There are also free bonuses — a token amount, typically somewhere between ten and fifty dollars, just for registering an account. No deposit needed.
In real terms, some established brokers currently run sign-up bonuses worth thousands of dollars. That is genuine capital you can trade with from day one.
Things to Watch Out For Before Using a Broker Partner Code
The most common condition is a trading volume requirement. You need to complete a minimum number of lots before the bonus are made withdrawable. This is common practice and does not need to put you off.
Additionally check whether the bonus has an expiry date, and what happens if you cash out your original deposit before hitting the volume threshold. Most brokers will void the bonus if you do this.
How to Use a Broker Partner Code
This process is quite simple. Find a verified partner code from a trusted source. Visit your chosen broker's registration page. Complete your details as normal. Type the partner code in the promotional code field. Finish your sign-up and complete your opening deposit. The bonus will be added automatically.
The whole thing should take maybe 5 to 10 minutes. No downside to using a valid partner code with a licensed broker. Your fees do not change. You just get free capital in your account. Do not skip extra funds going to waste when all it requires is entering a code at registration.