If you've ever signed up for a CFD broker, you might have noticed a field asking for a partner code. Many new traders ignore it completely. That is a bad move, because using the right code unlocks a deposit bonus of a significant amount in bonus cash.
A broker partner code is essentially a promo code that you input during sign-up. After you complete your initial deposit, the broker credits additional capital in your trading account. Your spreads are not affected. You just have more funds to work with.
Where to Get Working Partner Codes for Brokers
Not all codes you find on the internet actually work. Many broker partner codes floating around online are dead. Some website owner lists a code when it is first released and then moves on. Six months later the offer has ended but the article is still ranking in Google.
That is the reason curated code sites are worth using. Resources that regularly verify their codes prior to publishing them save you a lot of wasted helpful resources time. Use a directory that checks codes on an ongoing basis, not just when they first go up.
Types of Bonuses Available Using a Partner Code
The standard type is the percentage match. You deposit a certain amount and the broker matches a portion on top. Certain brokers match up to 100 percent, which basically doubles your starting funds.
Some brokers offer free bonuses — a small amount, typically somewhere between ten and fifty dollars, just for opening an account. No deposit required.
Practically speaking, several established brokers currently offer sign-up bonuses worth several thousand dollars. That is real capital you can trade with from day one.
What to Know Before Applying a Broker Partner Code
The standard requirement is a turnover requirement. You need to execute a certain volume before the extra money are made yours to keep. This is entirely typical practice and should not worry you.
Also verify whether the bonus has an validity window, and what happens if you withdraw your initial deposit before hitting the trading threshold. Many brokers will forfeit the bonus if you do this.
Steps to Apply a Broker Partner Code
This procedure is pretty easy. Find a working partner code from a reputable site. Visit your preferred broker's sign-up page. Enter your information as usual. Enter the partner code in the partner code box. Submit your sign-up and complete your initial deposit. The bonus gets credited straight away.
The whole process takes maybe 5 to 10 minutes. No negative to entering a valid partner code with a reputable broker. Your fees do not change. You just get additional capital in your account. Do not miss extra funds going to waste if all it requires is pasting a code at registration.