A Guide to Partner Codes for Online Trading
If you've ever signed up for a CFD broker, you have probably seen a box asking for a partner code. A lot of people leave it blank. That is a mistake, because using the right code unlocks a welcome bonus worth a significant amount in extra funds.
A broker partner code is really just a referral code that you type in during account opening. Once you place read full report your initial deposit, the broker credits extra money into your trading account. Your commissions do not change. You just receive more money to work with.
How to Source Verified Partner Codes for Brokers
Not every codes you find online actually work. A lot of broker partner codes floating around online are outdated. Someone posts a code when it is first released and then never checks it again. Weeks later the code has expired but the post is still up.
That is the reason curated directories are worth using. Directories that actively check their codes prior to publishing them spare you considerable frustration. Find a source that checks codes on an ongoing basis, not just once when they are first posted.
Types of Bonuses On Offer Through a Partner Code
By far the most popular type is the percentage match. You fund with a certain amount and the broker matches a percentage on top. Some brokers offer up to 100 percent, which basically doubles your starting capital.
There are also sign-up bonuses — a modest amount, typically around 10 to 50 dollars, just for creating an account. No deposit needed.
Practically speaking, several established brokers right now offer sign-up bonuses worth several thousand in extra trading capital. That is real capital you can put to work from day one.
Things to Watch Out For Before Entering a Broker Partner Code
The standard requirement is a lot requirement. You must complete a minimum volume before the bonus are made available for withdrawal. This is normal practice and should not scare you.
Also look at if the bonus has an validity window, and what happens if you cash out your original deposit before reaching the trading requirement. Many brokers will forfeit the bonus if you do this.
Steps to Apply a Broker Partner Code
This process is fairly easy. Source a active partner code from a trusted directory. Go to your chosen broker's registration page. Enter your information as normal. Paste the partner code in the promotional code field. Finish your sign-up and place your opening deposit. The bonus will be added on its own.
The entire process takes roughly 5 to 10 minutes. No disadvantage to applying a verified partner code with a licensed broker. Your trading conditions do not change. You just receive free money in your account. Do not miss bonus money on the table when all it takes is typing a code during sign-up.