If you have ever opened an account with a CFD broker, you might have come across a field asking for a partner code. A lot of traders skip right past it. That is a bad move, because using the correct code gives you a welcome bonus worth a significant amount in extra cash.
A broker partner code is really just a promotional code that you input during sign-up. Once you place your initial deposit, the broker gives you additional capital in your trading account. The spreads are not affected. You just start with additional money to trade with.
How to Source Working Partner Codes for Brokers
Not all codes you see online actually work. Many broker partner codes floating around online are no longer active. Some website owner publishes a code when it is first released and then moves on. Months later the code has ended but the page is still live.
That is the reason specialised verification sites matter. Sites that actually verify their codes prior to publishing them spare you real hassle. Use a site that checks codes on an ongoing basis, not just when they first go up.
Types of Bonuses Available Using a Partner Code
The standard type is the deposit match. You deposit a certain amount and the broker credits a portion on top. Some brokers match up to 100 %, which practically doubles your opening capital.
Some brokers offer free bonuses — a token amount, usually view site somewhere between ten and fifty dollars, just for opening an account. No deposit necessary.
Practically speaking, certain established brokers right now run welcome bonuses worth several thousand in extra trading capital. That is real funds you can use from day one.
What to Watch Out For Before Using a Broker Partner Code
The most common term is a turnover requirement. You have to trade a minimum volume before the bonus become yours to keep. This is entirely typical across the industry and does not need to worry you.
Also look at if the bonus has an validity window, and what happens if you pull out your initial deposit prior to meeting the volume target. Many brokers will void the bonus if you do this.
How to Activate a Broker Partner Code
This procedure is pretty easy. Get a active partner code from a trusted directory. Visit your preferred broker's registration page. Enter your information as normal. Type the partner code in the partner code box. Complete your registration and make your first deposit. The bonus gets credited on its own.
The whole thing takes about a few minutes. There is no downside to using a verified partner code with a regulated broker. The fees remain identical. You just get free money in your account. There is no reason to miss free capital unclaimed if all it takes is typing a code at sign-up.