If you have ever registered with a CFD broker, you might have seen a field requesting a partner code. Many source people leave it blank. That is a mistake, because using the right code can get you a welcome bonus of a significant amount in additional cash.
A broker partner code is really just a promotional code that you type in during registration. Once you complete your initial deposit, the broker gives you bonus funds in your trading account. Your commissions do not change. You just receive additional funds to work with.
Where to Source Valid Partner Codes for Brokers
Not every codes you find on the internet are valid. A lot of broker partner codes posted online are outdated. A blogger publishes a code when it is first released and then moves on. Six months later the promotion has been discontinued but the post is still live.
That is the reason curated code sites are valuable. Directories that regularly test their codes prior to publishing them save you considerable frustration. Use a site that checks codes on an ongoing basis, not just once when they are first posted.
Types of Bonuses Available Through a Partner Code
By far the most popular type is the percentage match. You put in a minimum amount and the broker adds a percentage on top. A few brokers match up to 100 percent, which basically doubles your initial funds.
Some brokers offer sign-up bonuses — a modest amount, often somewhere between 10 to 50 dollars, just for creating an account. No deposit needed.
Practically speaking, several well-known brokers currently run sign-up bonuses worth thousands of in bonus funds. That is actual capital you can trade with from day one.
What to Know Before Using a Broker Partner Code
The most common condition is a trading volume requirement. You must trade a minimum volume before the bonus are made withdrawable. This is common across the industry and does not need to scare you.
Additionally look at whether the bonus has an time limit, and what happens if you withdraw your original deposit before hitting the trading target. Many brokers will cancel the bonus if you do this.
How to Apply a Broker Partner Code
This procedure is fairly easy. Get a active partner code from a reliable directory. Head to your selected broker's sign-up page. Complete your details as normal. Type the partner code in the partner code box. Submit your sign-up and place your opening deposit. The bonus will be credited automatically.
The entire process should take maybe a few minutes. No downside to using a verified partner code with a regulated broker. Your fees do not change. You just receive additional capital in your account. Do not leave free capital unclaimed when all it requires is typing a code at registration.