If you've ever signed up for a CFD broker, you may have seen a field requesting a read this article partner code. Most new traders ignore it completely. That is a bad move, because applying the right code can get you a welcome bonus worth hundreds or even thousands in bonus trading capital.
A broker partner code is really just a referral code that you input during registration. Once you make your initial deposit, the broker credits bonus funds into your trading account. Your commissions remain unchanged. You just receive more capital to start with.
Where to Get Verified Partner Codes for Brokers
Very few of the codes you see online are still active. Many broker partner codes posted online are outdated. Some website owner lists a code when it is first released and then forgets about it. Months later the offer has expired but the page is still ranking in Google.
This is why curated directories matter. Sites that regularly verify their codes prior to publishing them save you a lot of hassle. Use a directory that checks codes on an ongoing basis, not just when they first go up.
Different Bonuses You Can Get Through a Partner Code
By far the most popular type is the deposit match. You fund with a minimum amount and the broker matches a portion on top. A few brokers match up to 100 percent, which basically doubles your starting money.
There are also no-deposit bonuses — a small amount, typically somewhere between ten and fifty dollars, just for creating an account. No deposit required.
Practically speaking, several major brokers right now offer welcome bonuses of thousands of in bonus funds. That is real capital you can trade with from day one.
Things to Watch Out For Before Entering a Broker Partner Code
The main condition is a trading volume requirement. You need to execute a specified volume before the bonus funds are made available for withdrawal. This is normal in the forex world and should not put you off.
Additionally verify whether the bonus has an validity window, and what happens if you withdraw your initial deposit before meeting the volume threshold. Many brokers will void the bonus if you do this.
How to Activate a Broker Partner Code
This process is quite easy. Get a working partner code from a reputable site. Head to your selected broker's registration page. Enter your information as normal. Paste the partner code in the promo code box. Submit your sign-up and make your initial deposit. The bonus should be credited automatically.
The entire thing takes maybe 5 to 10 minutes. There is no negative to entering a verified partner code with a licensed broker. Your spreads stay the same. You just start with extra capital in your account. There is no reason to leave free funds on the table if all it requires is typing a code during registration.