Understanding Partner Codes for Online Trading
If you have ever opened an account with a CFD broker, you might have seen a box requesting a partner code. Most people leave it blank. That is a bad move, because entering the correct code can get you a welcome bonus worth real money in bonus funds.
A broker partner code is basically a referral code that you enter during registration. Once you place your initial deposit, the broker credits bonus funds into your trading account. The spreads remain unchanged. You just have extra capital to work with.
Where to Find Working Partner Codes for Brokers
Not all codes you find on the internet are valid. Many broker partner codes posted online are dead. A blogger publishes a code when it is new and then never checks it again. Months later the promotion has expired but the post is still ranking in Google.
This is why specialised verification sites matter. Directories that regularly check their codes before publishing them spare you a lot of hassle. Find a source that checks codes on an ongoing basis, not just once when they are first posted.
Different Bonuses On Offer Using a Partner Code
The most common type is the matching bonus. You fund with a set amount and the broker credits a percentage on top. A few brokers offer up to 100 learn more here %, which effectively doubles your starting funds.
Some brokers offer free bonuses — a modest amount, usually around ten and fifty dollars, just for creating an account. No deposit necessary.
In real terms, several well-known brokers currently run sign-up bonuses worth several thousand dollars. That is actual funds you can put to work from day one.
Things to Know Before Applying a Broker Partner Code
The standard term is a lot requirement. You must execute a specified amount of trades before the bonus funds become available for withdrawal. This is entirely typical practice and should not scare you.
Also look at whether the bonus has an time limit, and what happens if you cash out your initial deposit prior to reaching the trading target. Most brokers will forfeit the bonus if you do this.
Steps to Apply a Broker Partner Code
This procedure is fairly straightforward. Get a working partner code from a trusted source. Go to your preferred broker's registration page. Complete your details as normal. Type the partner code in the partner code box. Complete your registration and place your first deposit. The bonus gets credited on its own.
The entire thing takes maybe a few minutes. No disadvantage to entering a verified partner code with a reputable broker. Your trading conditions stay the same. You just start with free capital in your account. There is no reason to miss extra money going to waste when all it requires is typing a code at sign-up.