How to Use Partner Codes for CFD Trading
If you have ever opened an account with a forex broker, you have probably noticed a field requesting a partner code. A lot of people skip right past it. That is a bad move, because using the right code unlocks a welcome bonus of real money in additional money.
A broker partner code is essentially a promo code that you type in during account opening. Once you place your opening deposit, the broker gives you bonus funds in your live account. The fees do not change. You just have extra money to trade with.
Where to Find Verified Partner Codes for Brokers
Not all codes you find online are still active. Many broker partner codes shared online are outdated. A blogger publishes a code when it is new and then moves on. Months later the code has been discontinued but the post is still ranking in Google.
This is why specialised code sites matter. Directories that actually test their codes prior to listing them save you real frustration. Use a site that checks codes on a regular basis, not just when they first go up.
Different Bonuses Available Through a Partner Code
By far the most popular type is the matching bonus. You deposit a set amount and the broker adds a portion on top. Some brokers match up to 100 percent, which basically doubles your initial capital.
There are also free bonuses — a token amount, typically somewhere between 10 to 50 dollars, just for opening an account. No deposit needed.
To put this in perspective, certain well-known brokers currently have welcome bonuses worth several thousand in extra trading capital. That is actual money you can put to work from day one.
Things to Be Aware Of Before Applying a Broker Partner Code
The standard term is a turnover requirement. You must trade a specified number of lots before the extra money become available for withdrawal. This is normal in the forex world and should not worry you.
Also check whether the bonus has an validity window, and what happens if you cash out your original deposit prior to meeting the volume requirement. Many brokers will void the bonus if you do this.
Steps to Activate a Broker Partner Code
The process is quite straightforward. Get a working partner code from a reputable directory. Go to your chosen broker's registration page. Enter your information as read here normal. Paste the partner code in the promo code box. Complete your sign-up and complete your first deposit. The bonus should be credited on its own.
The entire thing takes maybe 5 to 10 minutes. No negative to entering a valid partner code with a regulated broker. Your spreads remain identical. You just receive free funds in your account. Do not skip extra money unclaimed when all it takes is pasting a code at registration.