How to Use Partner Codes for Online Trading
If you have ever registered with a CFD broker, you may have seen a field asking for a partner code. Most new traders ignore it completely. That is a mistake, because using the right code unlocks a welcome bonus of a significant amount in bonus trading capital.
A broker partner code is essentially a referral code that you enter during account opening. Once you make your opening deposit, the broker gives you additional capital into your live account. Your fees remain unchanged. You just have additional funds to start with.
Where to Get Valid Partner Codes for Brokers
Very few of the codes you see on the internet are valid. Many broker partner codes shared online are no longer active. Someone lists a code when it is new and then moves on. Six months later the offer has expired but the article is still live.
This is why dedicated code sites matter. Directories that regularly verify their codes before publishing them spare you considerable wasted time. Find a source that tests codes on an ongoing basis, not just when they first go up.
Different Bonuses You Can Get With a Partner Code
The most common type is the matching bonus. You fund with a set amount and the broker credits a portion on top. Some brokers offer up to 100 percent, which effectively doubles your initial funds.
Some brokers offer no-deposit bonuses — a small amount, often somewhere between 10 to 50 dollars, just for registering an account. No deposit necessary.
To put this in perspective, some well-known brokers currently offer sign-up bonuses worth several thousand in bonus funds. That is real capital you can put to work from day one.
Things to Know Before Using a Broker Partner Code
The most common condition is a trading volume requirement. You need to trade a specified volume before the bonus become yours to keep. This is normal in the forex world and does not need to put you off.
Additionally verify if the bonus has an time limit, and what happens if you withdraw your initial deposit find out here prior to reaching the volume target. Most brokers will forfeit the bonus if you do this.
How to Use a Broker Partner Code
The procedure is fairly easy. Find a working partner code from a reliable site. Go to your preferred broker's sign-up page. Complete your details as normal. Type the partner code in the partner code box. Finish your registration and make your initial deposit. The bonus gets applied straight away.
The entire thing should take roughly a few minutes. No negative to entering a valid partner code with a regulated broker. The fees stay the same. You just receive free funds in your account. Do not miss bonus funds unclaimed if all it requires is pasting a code at sign-up.