If you've ever registered with a CFD broker, you might have seen a box requesting a partner code. Many traders ignore it completely. That is a missed opportunity, because applying the correct code unlocks a sign-up read the article bonus worth hundreds or even thousands in extra money.
A broker partner code is really just a promo code that you input during sign-up. After you make your initial deposit, the broker adds bonus funds in your trading account. Your fees are not affected. You just receive extra money to start with.
Where to Source Working Partner Codes for Brokers
Not every codes you see on the internet are valid. Many broker partner codes posted online are dead. A blogger lists a code when it is new and then forgets about it. Six months later the promotion has expired but the page is still live.
That is the reason dedicated verification sites are valuable. Sites that actively check their codes prior to publishing them spare you real hassle. Find a source that tests codes on a regular basis, not just once when they are first posted.
Types of Bonuses On Offer With a Partner Code
The standard type is the matching bonus. You fund with a certain amount and the broker matches a portion on top. A few brokers offer up to 100 %, which effectively doubles your initial funds.
Some brokers offer free bonuses — a small amount, often somewhere between ten and fifty dollars, just for creating an account. No deposit required.
Practically speaking, several established brokers right now have sign-up bonuses of thousands of in bonus funds. That is actual capital you can use from day one.
What to Watch Out For Before Entering a Broker Partner Code
The main term is a turnover requirement. You have to complete a minimum number of lots before the bonus become available for withdrawal. This is normal practice and should not put you off.
Also check if the bonus has an expiry date, and what happens if you withdraw your initial deposit before reaching the trading requirement. Most brokers will cancel the bonus if you do this.
How to Apply a Broker Partner Code
The procedure is pretty simple. Find a active partner code from a reputable directory. Go to your preferred broker's registration page. Enter your information as normal. Type the partner code in the promotional code box. Finish your sign-up and complete your first deposit. The bonus will be credited automatically.
The whole thing should take roughly a few minutes. There is no disadvantage to applying a working partner code with a licensed broker. The trading conditions remain identical. You just receive bonus capital in your account. There is no reason to leave extra capital on the table when all it takes is pasting a code at registration.