Understanding Partner Codes for CFD Brokers
If you have ever registered with a forex broker, you might have seen a field requesting a partner code. A lot of people leave it blank. That is a bad move, because applying the right code unlocks a welcome bonus of hundreds or even thousands in free funds.
A broker partner code is really just a referral code that you type in during registration. Once you make your initial deposit, the broker credits extra money in your live account. Your trading conditions are not affected. You just receive more money to work with.
Where to Find Valid Partner Codes for Brokers
Not every codes you find on the internet are still active. Many broker partner codes posted online are outdated. Some website owner publishes a code when it is new and then moves on. Six months later the promotion has been discontinued but the article is still live.
That is the reason specialised directories matter. Sites that actually verify their codes before publishing them spare you considerable wasted time. Look for a directory that verifies codes on a regular basis, not just once when they are first posted.
Types of Bonuses On Offer Using a Partner Code
By far the most popular type is the deposit match. find more info You deposit a minimum amount and the broker credits a percentage on top. A few brokers offer up to 100 percent, which effectively doubles your opening capital.
Some brokers offer no-deposit bonuses — a token amount, usually somewhere between 10 to 50 dollars, just for opening an account. No deposit required.
In real terms, several well-known brokers right now run welcome bonuses worth several thousand in bonus funds. That is genuine funds you can trade with from day one.
What to Be Aware Of Before Using a Broker Partner Code
The most common condition is a trading volume requirement. You have to complete a certain amount of trades before the bonus are made withdrawable. This is standard across the industry and does not need to put you off.
Additionally check whether the bonus has an expiry date, and what happens if you cash out your original deposit before hitting the volume requirement. Most brokers will forfeit the bonus if you do this.
How to Use a Broker Partner Code
This process is pretty easy. Find a working partner code from a reliable directory. Head to your chosen broker's sign-up page. Complete your details as normal. Enter the partner code in the partner code box. Finish your sign-up and place your initial deposit. The bonus gets credited straight away.
The entire process takes roughly a few minutes. There is no negative to entering a verified partner code with a regulated broker. Your spreads stay the same. You just start with extra money in your account. There is no reason to leave bonus capital on the table if all it requires is typing a code at sign-up.