If you've ever opened an account with a CFD broker, you might have seen a field asking for a partner code. Most traders skip right past it. That is a bad move, because using the correct code gives you a deposit bonus worth real money in extra trading capital.
A broker partner code is essentially a referral code that you enter during registration. Once you make your initial deposit, the broker adds additional capital in your live account. The trading conditions do not change. You just have additional money to trade with.
How to Get Active Partner Codes for Brokers
Not all codes you come across on the internet are valid. Many broker partner codes posted online are expired. Some website owner posts a code when it is new and then forgets about it. Six months later the offer has been discontinued but the article is still ranking in Google.
That is the reason dedicated verification sites are valuable. Sites that actively check their codes prior to listing them spare you a lot of hassle. Use a site that tests codes on an ongoing basis, not just when they first go up.
Types of Bonuses You Can Get Through a Partner Code
The standard type is the matching bonus. You fund with a set amount and the broker credits a percentage on top. A few brokers match up to 100 percent, which practically doubles your starting capital.
There are also sign-up bonuses — a token amount, typically somewhere between ten and fifty dollars, just for creating an account. No deposit required.
In real terms, some major brokers right now offer welcome bonuses worth several thousand in bonus funds. That is actual capital you can use from day one.
What to Be Aware Of Before Applying a Broker Partner Code
The main condition further reading is a lot requirement. You have to trade a specified number of lots before the extra money become withdrawable. This is entirely typical practice and does not need to put you off.
Additionally look at whether the bonus has an validity window, and what happens if you withdraw your original deposit prior to hitting the trading threshold. Most brokers will void the bonus if you do this.
Steps to Activate a Broker Partner Code
This process is pretty straightforward. Get a active partner code from a reputable directory. Go to your chosen broker's registration page. Complete your details as usual. Type the partner code in the partner code field. Finish your sign-up and place your first deposit. The bonus gets credited straight away.
The entire process takes roughly five to ten minutes. No disadvantage to entering a valid partner code with a regulated broker. The fees remain identical. You just receive bonus capital in your account. Do not miss bonus money unclaimed when all it takes is entering a code during registration.