How to Use Partner Codes for CFD Brokers
If you've ever signed up for a trading broker, you may have come across a box requesting a partner code. Many new traders leave it blank. That is a mistake, because using the correct code gives you a welcome bonus of hundreds or even thousands in bonus funds.
A broker partner code is basically a promo code that you enter during account opening. After you complete your opening deposit, the broker gives you extra money in more information your live account. The trading conditions are not affected. You just receive additional money to trade with.
Where to Find Working Partner Codes for Brokers
Not every codes you see on the internet are valid. Many broker partner codes posted online are outdated. Someone posts a code when it is first released and then moves on. Months later the promotion has ended but the page is still live.
This is why curated directories matter. Sites that actively check their codes prior to listing them save you real wasted time. Use a site that tests codes on an ongoing basis, not just when they first go up.
Types of Bonuses Available With a Partner Code
By far the most popular type is the percentage match. You put in a minimum amount and the broker matches a percentage on top. Certain brokers offer up to 100 %, which effectively doubles your opening capital.
Some brokers offer no-deposit bonuses — a small amount, often somewhere between ten and fifty dollars, just for registering an account. No deposit required.
In real terms, some established brokers right now run welcome bonuses of several thousand in extra trading capital. That is actual capital you can use from day one.
Things to Watch Out For Before Using a Broker Partner Code
The most common term is a turnover requirement. You have to trade a minimum amount of trades before the bonus become yours to keep. This is standard across the industry and should not scare you.
Additionally verify if the bonus has an time limit, and what happens if you cash out your original deposit prior to hitting the volume threshold. Most brokers will forfeit the bonus if you do this.
How to Use a Broker Partner Code
The procedure is quite simple. Get a verified partner code from a trusted site. Go to your selected broker's registration page. Complete your details as usual. Enter the partner code in the promo code box. Complete your sign-up and place your first deposit. The bonus will be applied automatically.
The entire process takes maybe five to ten minutes. There is no disadvantage to entering a working partner code with a regulated broker. The fees do not change. You just get free funds in your account. There is no reason to miss extra money on the table if all it takes is typing a code at registration.