A Guide to Partner Codes for CFD Trading
If you've ever opened an account with a trading broker, you have probably noticed a box asking for a partner code. Many traders ignore it completely. That is a mistake, because entering the correct code can get you a deposit bonus of a significant amount in additional money.
A broker partner code is essentially a referral code that you input during account opening. After you make your first deposit, the broker credits additional capital in your live account. The commissions remain unchanged. You just get additional money to start with.
Where to Source Valid Partner Codes for Brokers
Not visit site all codes you see through Google actually work. Most broker partner codes floating around online are outdated. A blogger publishes a code when it is new and then moves on. Months later the offer has expired but the article is still ranking in Google.
This is why specialised code sites matter. Directories that actively check their codes prior to publishing them save you considerable wasted time. Use a site that checks codes on a regular basis, not just when they first go up.
Types of Bonuses On Offer Through a Partner Code
The most common type is the percentage match. You put in a minimum amount and the broker matches a portion on top. Certain brokers offer up to 100 %, which practically doubles your opening funds.
There are also no-deposit bonuses — a modest amount, often somewhere between 10 to 50 dollars, just for creating an account. No deposit necessary.
Practically speaking, several well-known brokers right now offer welcome bonuses of several thousand dollars. That is genuine capital you can trade with from day one.
What to Watch Out For Before Entering a Broker Partner Code
The most common term is a trading volume requirement. You must complete a specified number of lots before the extra money become yours to keep. This is common in the forex world and should not put you off.
Additionally verify if the bonus has an time limit, and what happens if you cash out your initial deposit before reaching the trading threshold. Most brokers will cancel the bonus if you do this.
Steps to Use a Broker Partner Code
This process is quite simple. Source a active partner code from a trusted source. Head to your selected broker's sign-up page. Enter your details as normal. Paste the partner code in the promotional code box. Submit your registration and make your initial deposit. The bonus should be applied automatically.
The whole process takes roughly five to ten minutes. No negative to applying a working partner code with a licensed broker. The spreads stay the same. You just receive extra capital in your account. Do not leave extra funds going to waste when all it takes is typing a code at sign-up.