If you've ever signed up for a CFD broker, you have probably seen a field requesting a partner code. Most traders ignore it completely. That is a bad move, because applying the right code gives you a welcome bonus of a significant amount in bonus trading capital.
A broker partner code is basically a promotional code that you type in during account opening. After you complete your initial deposit, the broker credits bonus funds into your live account. The fees remain unchanged. You just get extra money to trade with.
How to Source Working Partner Codes for Brokers
Not every codes you find through Google actually work. Most broker partner codes posted online are expired. Someone publishes a code when it is new and then never checks it again. Months later the promotion has ended but the page is still up.
This is why curated code sites are valuable. Sites that actually check their codes before listing them spare you real frustration. Look for a site that checks codes on an ongoing basis, not just once when they are first posted.
Different Bonuses On resource Offer Using a Partner Code
The standard type is the deposit match. You fund with a minimum amount and the broker adds a portion on top. A few brokers offer up to 100 %, which effectively doubles your opening money.
Some brokers offer sign-up bonuses — a small amount, often around 10 to 50 dollars, just for opening an account. No deposit required.
In real terms, some established brokers currently offer welcome bonuses of several thousand in bonus funds. That is actual money you can trade with from day one.
What to Be Aware Of Before Entering a Broker Partner Code
The standard condition is a lot requirement. You need to complete a certain volume before the bonus funds are made withdrawable. This is standard in the forex world and does not need to scare you.
Also verify whether the bonus has an validity window, and what happens if you pull out your original deposit prior to hitting the volume threshold. Many brokers will void the bonus if you do this.
Steps to Apply a Broker Partner Code
The process is fairly straightforward. Get a working partner code from a trusted site. Go to your selected broker's sign-up page. Enter your details as usual. Enter the partner code in the promo code field. Submit your registration and make your first deposit. The bonus gets credited on its own.
The entire thing takes maybe 5 to 10 minutes. No downside to applying a working partner code with a licensed broker. The fees do not change. You just receive extra money in your account. Do not leave bonus money on the table when all it requires is pasting a code during registration.