If you have ever registered with a CFD broker, you might have seen a field requesting a partner code. Many new traders ignore it completely. That is a missed opportunity, because using the right code unlocks a welcome bonus of hundreds or even thousands in bonus money.
A broker partner code is essentially a promotional code that you input during registration. Once you complete your initial deposit, the broker gives you additional capital in your trading account. The trading conditions stay the same. You just get additional money to start with.
How to Find Verified Partner Codes for Brokers
Not every codes you see on the internet actually work. Most broker partner codes posted online are no longer active. Some website owner lists a code when it is new and then moves on. Months later the promotion has been discontinued but the article is still up.
That is the reason dedicated directories are valuable. Sites that regularly check their codes before listing them spare you considerable hassle. Look for a directory that verifies codes on an ongoing basis, not just once when they are first posted.
Different Bonuses You Can Get With a Partner Code
The most common type is the percentage match. You deposit a certain amount and the broker adds a portion on top. A few brokers offer up to 100 percent, which effectively doubles your initial capital.
Some brokers offer no-deposit bonuses — a token amount, often around ten and fifty dollars, just for creating an account. No deposit needed.
To put this in perspective, several established brokers right now offer welcome bonuses up to several thousand in extra trading capital. That is actual capital you can trade with from day one.
Things to Be Aware Of Before Applying a Broker Partner Code
The most common requirement is a trading volume requirement. You have learn more to execute a certain number of lots before the extra money become withdrawable. This is entirely typical practice and should not put you off.
Also look at if the bonus has an expiry date, and what happens if you withdraw your original deposit before hitting the trading threshold. Most brokers will void the bonus if you do this.
How to Use a Broker Partner Code
This process is fairly straightforward. Source a verified partner code from a reliable site. Head to your chosen broker's registration page. Fill in your details as usual. Type the partner code in the partner code box. Finish your registration and complete your first deposit. The bonus will be credited straight away.
The whole process takes roughly a few minutes. There is no disadvantage to applying a working partner code with a licensed broker. Your spreads stay the same. You just get extra funds in your account. There is no reason to miss free funds unclaimed when all it takes is typing a code during registration.