If you've ever registered with a CFD broker, you may have noticed a box asking for a partner code. Many people leave it blank. That is a missed opportunity, because using the right code gives you a sign-up bonus of hundreds or even thousands in bonus trading capital.
A broker partner code is essentially a promotional code that you type in during account opening. After you make your initial deposit, the broker gives you extra money in your live account. The fees do not change. You just get extra capital to work with.
How to Source Valid Partner Codes for Brokers
Not all codes you find through Google actually work. Many broker partner codes floating around online are dead. A blogger posts a code when it is first released and then moves on. Six months later the code has ended but the article is still live.
This is why curated code sites are valuable. Directories that actively check their codes prior to listing them save you considerable frustration. Use a directory that checks codes on an ongoing basis, not just once when they are first posted.
Types of Bonuses You Can Get Through a Partner Code
The standard type is the percentage match. You put in a minimum amount and the broker matches a percentage on top. visit here Certain brokers match up to 100 percent, which practically doubles your initial money.
Some brokers offer free bonuses — a small amount, typically somewhere between 10 to 50 dollars, just for creating an account. No deposit necessary.
In real terms, several major brokers currently run sign-up bonuses of thousands of in extra trading capital. That is genuine capital you can trade with from day one.
What to Be Aware Of Before Applying a Broker Partner Code
The most common requirement is a trading volume requirement. You have to complete a specified volume before the extra money become withdrawable. This is normal in the forex world and should not scare you.
Additionally verify if the bonus has an expiry date, and what happens if you withdraw your initial deposit before meeting the volume requirement. Most brokers will void the bonus if you do this.
How to Use a Broker Partner Code
This procedure is pretty simple. Get a active partner code from a reliable directory. Go to your selected broker's sign-up page. Fill in your information as usual. Paste the partner code in the promotional code box. Complete your registration and place your opening deposit. The bonus gets added on its own.
The whole process takes about a few minutes. There is no downside to using a valid partner code with a regulated broker. Your trading conditions do not change. You just get additional funds in your account. There is no reason to leave free money going to waste if all it takes is typing a code at sign-up.