Understanding Partner Codes for CFD Brokers
If you have ever registered with a trading broker, you have probably noticed a box requesting a partner code. Most traders skip right past it. That is a bad move, because applying the correct code unlocks a welcome bonus of a significant amount in extra trading capital.
A broker partner code is essentially a promo code that you type in during account opening. Once you place your opening deposit, the broker adds bonus funds in your trading account. Your fees stay the same. You just start with extra money to work with.
How to Get Verified Partner Codes for Brokers
Not every codes you come across on the internet actually work. A lot of broker partner codes shared online are outdated. Some website owner posts a code when it is first released and then moves on. Six months later the promotion has ended but the page is still ranking in Google.
That is the reason specialised code sites are valuable. Resources that actually check their codes before publishing them save you considerable wasted time. Look for a site that verifies codes on an ongoing basis, not just once when they are first posted.
Types of Bonuses Available Using a Partner Code
The most common type is the matching bonus. You put in a certain amount and the broker credits a portion on top. A few brokers offer up to 100 %, which practically doubles your starting funds.
There are also no-deposit bonuses — a modest amount, often somewhere between 10 to 50 dollars, just for registering an account. No deposit required.
Practically speaking, several major brokers currently have welcome bonuses worth thousands of in bonus funds. That is real funds you can put to work from day one.
Things to Watch Out For Before Applying a Broker Partner Code
The standard condition is a lot requirement. You have to trade a minimum amount of trades before the extra money become yours to keep. This is common practice and should not scare you.
Also look at whether the bonus has an time limit, and what happens if you cash out your original deposit prior to hitting the trading threshold. Most brokers will void the bonus if you do this.
How to Apply a Broker view more information Partner Code
This process is pretty easy. Get a verified partner code from a trusted source. Visit your preferred broker's sign-up page. Enter your information as normal. Paste the partner code in the promo code box. Finish your registration and complete your initial deposit. The bonus should be applied straight away.
The entire process should take maybe a few minutes. No downside to using a valid partner code with a reputable broker. The spreads remain identical. You just receive free capital in your account. There is no reason to skip extra capital on the table when all it requires is entering a code during registration.