A Guide to Partner Codes for Online Brokers
If you've ever opened an account with a CFD broker, you may have seen a box asking for a partner code. A lot of traders skip right past it. That is a mistake, because using the correct 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. After you complete your first deposit, the broker adds extra money in your live account. Your fees remain unchanged. You just start with additional funds to start with.
How to Get Working Partner Codes for Brokers
Very few of the codes you find on the internet are valid. Most broker partner codes floating around online are dead. Some website owner publishes a code when it is first released and then never checks it again. Weeks later the offer has expired but the article is still live.
That is the reason specialised verification sites are worth using. Resources that actively verify their codes before listing them save you a lot of hassle. Find a site that tests codes on a regular basis, not just when they first go up.
Types of Bonuses You Can Get With a Partner Code
The standard type is the matching bonus. You put in a minimum amount and the broker credits a portion on top. A few brokers match up to 100 %, which effectively doubles your opening money.
Some brokers offer no-deposit bonuses — a modest amount, usually somewhere between 10 to 50 dollars, just for opening an account. No deposit required.
To put this in perspective, some well-known brokers right now have welcome bonuses of thousands of dollars. That is real money you can use from day one.
Things to Be Aware Of Before Entering a Broker Partner Code
The standard condition is a trading volume requirement. You need to trade a minimum number of lots before the bonus are made yours to keep. This is normal practice and does not need to scare you.
Also look at if the bonus has an time limit, and what happens if you cash out your initial deposit prior to meeting the volume threshold. Many brokers will forfeit the bonus if you do this.
How to Use a Broker Partner Code
The procedure is pretty simple. Source a working partner code from a reputable source. Go to your chosen broker's registration page. Complete your details as normal. read here Paste the partner code in the partner code field. Submit your sign-up and complete your initial deposit. The bonus gets applied straight away.
The entire process should take maybe a few minutes. No disadvantage to using a verified partner code with a regulated broker. The fees do not change. You just start with bonus capital in your account. There is no reason to leave bonus money unclaimed when all it requires is pasting a code at sign-up.