A Guide to Partner Codes for CFD Trading
If you've ever signed up for a forex broker, you have probably come across a field requesting a partner code. Most people leave it blank. That is a missed opportunity, because using the correct code gives you a sign-up bonus of real money in bonus cash.
A broker partner code is essentially a referral code that you enter during sign-up. After you place your opening deposit, the broker credits extra money into your trading account. Your trading conditions remain unchanged. You just start with additional funds to trade with.
How to Find Active Partner Codes for Brokers
Not every codes you find online are still active. Many broker partner codes shared online are no longer active. A blogger posts a code when it is new and then moves on. Six months later the promotion has expired but the article is still ranking in Google.
That is the reason specialised verification sites are worth using. Resources that regularly check their codes before listing them save you a lot of hassle. Find a source that verifies codes on an ongoing website basis, not just once when they are first posted.
Different Bonuses On Offer With a Partner Code
The standard type is the matching bonus. You fund with a set amount and the broker adds a portion on top. Some brokers match up to 100 percent, which basically doubles your initial capital.
Some brokers offer free bonuses — a modest amount, typically around 10 to 50 dollars, just for creating an account. No deposit necessary.
To put this in perspective, some well-known brokers currently offer sign-up bonuses worth thousands of dollars. That is real capital you can put to work from day one.
What to Be Aware Of Before Using a Broker Partner Code
The standard condition is a turnover requirement. You need to execute a specified volume before the bonus become available for withdrawal. This is common across the industry and should not put you off.
Additionally verify if the bonus has an time limit, and what happens if you cash out your original deposit before hitting the volume target. Most brokers will cancel the bonus if you do this.
How to Activate a Broker Partner Code
The process is pretty simple. Find a active partner code from a reputable source. Head to your preferred broker's sign-up page. Enter your information as normal. Type the partner code in the promotional code box. Complete your sign-up and complete your opening deposit. The bonus should be applied on its own.
The entire thing takes maybe 5 to 10 minutes. No downside to entering a working partner code with a regulated broker. Your fees do not change. You just get bonus money in your account. Do not leave extra funds unclaimed when all it requires is pasting a code at sign-up.