Understanding Partner Codes for Online Trading
If you have ever opened an account with a CFD broker, you have probably noticed a box asking for a partner code. Many traders skip right past it. That is a mistake, because entering the right code unlocks a welcome bonus worth hundreds or even thousands in bonus funds.
A broker partner code is really just a promotional code that you type in during sign-up. Once you complete your first deposit, the broker adds additional capital in your live account. Your fees stay the same. You just have additional money to work with.
Where to Find Active Partner Codes for Brokers
Not all codes you find on the internet are valid. Many broker partner codes floating around online are no longer active. A blogger posts a code when it is first released and then forgets about it. Weeks later the offer has been discontinued but the article is still live.
This is why dedicated verification sites are worth using. Sites that regularly check their codes prior to publishing them spare you real hassle. Look for a directory that verifies codes on a regular basis, not just once when they are first posted.
Different Bonuses You Can Get Through a Partner Code
The standard type is the matching bonus. You put in a minimum amount and the broker credits a portion on top. A few brokers offer up to 100 %, like this which practically doubles your starting funds.
Some brokers offer sign-up bonuses — a modest amount, usually somewhere between 10 to 50 dollars, just for opening an account. No deposit necessary.
In real terms, some well-known brokers currently have welcome bonuses worth several thousand dollars. That is actual capital you can put to work from day one.
What to Be Aware Of Before Entering a Broker Partner Code
The most common requirement is a trading volume requirement. You must trade a certain volume before the bonus funds become available for withdrawal. This is standard across the industry and does not need to scare you.
Also verify whether the bonus has an validity window, and what happens if you withdraw your original deposit before reaching the trading requirement. Many brokers will forfeit the bonus if you do this.
How to Activate a Broker Partner Code
This process is fairly simple. Find a active partner code from a reliable directory. Visit your selected broker's registration page. Enter your details as usual. Paste the partner code in the promotional code field. Finish your sign-up and place your first deposit. The bonus will be added automatically.
The whole process should take about a few minutes. There is no negative to using a working partner code with a regulated broker. Your fees stay the same. You just get extra capital in your account. Do not miss free funds going to waste when all it requires is typing a code during sign-up.