If you've ever signed up for a CFD broker, you might have come across a field requesting a partner code. Many traders leave it blank. That is a missed opportunity, because applying the correct code gives you a sign-up bonus worth hundreds or even thousands in extra funds.
A broker partner code is really just a promo code that you input during sign-up. Once you make your first deposit, the broker gives you additional capital in your trading account. Your spreads do not change. You just get more money to start with.
How to Get Working Partner Codes for Brokers
Very few of the codes you find through Google actually work. Many broker partner codes shared online are expired. Someone lists a code when it is first released and then forgets about it. Six months later the promotion has ended but the page is still live.
That is the reason specialised verification sites are valuable. Resources that regularly check their codes prior to publishing them save you real hassle. Find a source that tests codes on a regular basis, not just once when they are first posted.
Types of Bonuses On Offer Using a Partner Code
The standard type is the deposit match. You deposit a minimum amount and the broker matches a portion on top. A few brokers match up to 100 %, which practically doubles your initial funds.
Some brokers offer free bonuses — a token amount, typically somewhere between ten and fifty dollars, just for registering an account. No deposit required.
Practically speaking, some well-known brokers right now offer welcome bonuses of thousands of dollars. That is genuine funds you can put to work from day one.
What to Be Aware Of Before Entering a Broker Partner Code
The standard term is a trading volume requirement. You have to execute a specified amount of trades before the bonus are made withdrawable. This is normal in the forex world and should not scare you.
Additionally verify whether the bonus has an validity window, and what happens if you pull out your original deposit before hitting the trading threshold. Many brokers will void the bonus if you do this.
How to Apply a Broker Partner Code
This process is pretty straightforward. Source a active partner code from a reliable directory. Head to your preferred broker's registration page. Fill in your details as normal. Paste the partner code in the promo code box. Finish your sign-up and place your opening deposit. The bonus should be credited on its own.
The entire process should take roughly five to ten minutes. There is no disadvantage to entering a verified partner code with a reputable broker. Your further reading spreads do not change. You just get free money in your account. Do not skip bonus money on the table if all it takes is entering a code during sign-up.