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 people skip right past it. That is a mistake, because entering the right code unlocks a welcome bonus of hundreds or even thousands in extra money.
A broker partner code is basically a promo code that you input during account opening. After you complete your opening deposit, the broker adds bonus funds in your trading account. Your commissions are not affected. You just start with additional funds to trade with.
Where to Source Working Partner Codes for Brokers
Not every codes you come across on the internet are still active. Most broker partner codes floating around online are no longer active. Some website owner posts a code when it is new and then never checks it again. Months later the promotion has expired but the page is still ranking in Google.
This is why curated directories are valuable. Resources that regularly test their codes before listing them spare you considerable wasted time. Use a directory that tests more help codes on a regular basis, not just when they first go up.
Different Bonuses You Can Get With a Partner Code
The most common type is the deposit match. You put in a minimum amount and the broker adds a percentage on top. A few brokers match up to 100 percent, which effectively doubles your initial funds.
Some brokers offer sign-up bonuses — a token amount, usually somewhere between 10 to 50 dollars, just for opening an account. No deposit required.
In real terms, some established brokers right now offer sign-up bonuses up to several thousand in bonus funds. That is actual capital you can trade with from day one.
What to Be Aware Of Before Using a Broker Partner Code
The standard term is a trading volume requirement. You must execute a certain volume before the extra money become yours to keep. This is standard practice and does not need to put you off.
Also look at if the bonus has an validity window, and what happens if you pull out your initial deposit prior to meeting the trading target. Most brokers will forfeit the bonus if you do this.
Steps to Activate a Broker Partner Code
The procedure is fairly simple. Get a verified partner code from a reputable source. Go to your chosen broker's registration page. Fill in your information as usual. Paste the partner code in the promo code box. Submit your sign-up and complete your initial deposit. The bonus gets added straight away.
The whole thing takes roughly a few minutes. No downside to applying a valid partner code with a licensed broker. Your trading conditions remain identical. You just start with extra money in your account. Do not miss free capital going to waste if all it requires is typing a code at sign-up.