If you've ever signed up for a CFD broker, you might have come across a field requesting a partner code. A lot of new traders ignore it completely. That is a bad move, because using the correct code gives you a sign-up bonus worth real money in free funds.
A broker partner code is really just a promotional code that you input during sign-up. After you complete your first deposit, the broker credits bonus funds in your live account. Your commissions stay the same. You just receive extra funds to work with.
Where to Get Active Partner Codes for Brokers
Not all codes you see on the internet are valid. Many broker partner codes posted online are dead. Some website owner posts a code when it is first released and then moves on. Six months later the offer has ended but the article is still live.
This is why specialised directories matter. Sites that regularly test their codes before listing them save you considerable hassle. Look for a site that verifies codes on a regular basis, not just when they first go up.
Different Bonuses On Offer Using a Partner Code
By far the most popular type is the percentage match. You put in a certain amount and the broker adds a percentage on top. Certain brokers match up to 100 %, which effectively doubles your starting funds.
Some brokers offer sign-up bonuses — a small amount, usually somewhere between ten and fifty dollars, just for registering an account. No deposit needed.
In real terms, several established brokers right now offer welcome bonuses of several thousand in extra trading capital. That is genuine money you can put to work from day one.
What to Know Before Entering a Broker Partner Code
The standard condition is a turnover requirement. You must execute a certain volume before the bonus become withdrawable. This is common practice and should not worry you.
Additionally look at whether the bonus has an validity window, and what happens if you cash out your initial deposit prior to meeting the trading target. Most brokers will cancel the bonus if you do this.
Steps to Use a Broker Partner Code
The procedure is fairly simple. Find a verified partner code from a trusted source. Head to here your preferred broker's registration page. Complete your details as usual. Enter the partner code in the partner code box. Complete your registration and place your first deposit. The bonus should be applied straight away.
The whole process should take maybe five to ten minutes. No negative to applying a working partner code with a reputable broker. The trading conditions stay the same. You just get extra capital in your account. Do not leave bonus money on the table when all it takes is entering a code during registration.