If you have ever signed up for a CFD broker, you may have seen a box asking for a partner code. A lot of people ignore it completely. That is a missed opportunity, because using the correct code unlocks a sign-up bonus worth hundreds or even thousands in bonus funds.
A broker partner code is really just a promotional code that you input during registration. After you make your opening deposit, the broker adds additional capital into your live account. The commissions stay the same. You just receive more funds to work with.
How to Source Active Partner Codes for Brokers
Very few of the codes you come across online are valid. Most broker partner codes posted online are outdated. Someone lists a code when it is first released and then moves on. Six months later the offer has ended but the article is still live.
That is the reason dedicated code sites are worth using. Sites that actively verify their codes prior to publishing them spare you real hassle. Find a directory that tests codes on an ongoing basis, not just when they first go up.
Types of Bonuses Available Through a Partner Code
By far the most popular type is the matching bonus. You put in a set amount and the broker matches a portion on top. blog Some brokers offer up to 100 percent, which effectively doubles your initial money.
There are also free bonuses — a modest amount, often around ten and fifty dollars, just for registering an account. No deposit necessary.
In real terms, certain major brokers right now run welcome bonuses of several thousand in bonus funds. That is actual funds you can trade with from day one.
What to Know Before Using a Broker Partner Code
The most common requirement is a turnover requirement. You must complete a specified number of lots before the bonus funds are made yours to keep. This is normal across the industry and does not need to scare you.
Additionally check if the bonus has an expiry date, and what happens if you pull out your initial deposit before hitting the trading target. Many brokers will void the bonus if you do this.
How to Apply a Broker Partner Code
The process is pretty simple. Source a verified partner code from a reputable site. Visit your selected broker's registration page. Enter your details as usual. Paste the partner code in the promotional code box. Finish your registration and place your opening deposit. The bonus should be credited on its own.
The entire process takes about five to ten minutes. No disadvantage to applying a working partner code with a regulated broker. The trading conditions do not change. You just start with free funds in your account. Do not leave bonus funds on the table if all it requires is entering a code during sign-up.