If you have ever opened an account with a CFD broker, you have probably noticed a box requesting a partner code. Many traders ignore it completely. That is a bad move, because using the right code can get you a welcome bonus of hundreds or even thousands in additional cash.
A broker partner code is really just a promotional code that you input during sign-up. After you complete your initial deposit, the broker gives you bonus funds into your trading account. The commissions stay the same. You just have extra money to start with.
Where to Source Working Partner Codes for Brokers
Not every codes you see online actually work. A lot of broker partner codes floating around online are expired. Some website owner publishes a code when it is new and then forgets about it. Weeks later the offer has expired but the post is still up.
This is why dedicated directories are valuable. Directories that regularly test their codes prior to listing them save you real wasted time. Look for a directory that verifies codes on an ongoing basis, not just once when they are first posted.
Types of Bonuses Available With a Partner Code
By far the most popular type is the more articles matching bonus. You deposit a certain amount and the broker credits a portion on top. A few brokers match up to 100 %, which effectively doubles your starting capital.
There are also free bonuses — a token amount, typically somewhere between ten and fifty dollars, just for registering an account. No deposit needed.
To put this in perspective, several established brokers currently offer welcome bonuses of thousands of in extra trading capital. That is actual funds 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 have to complete a certain volume before the bonus are made withdrawable. This is common across the industry and does not need to put you off.
Also look at if the bonus has an validity window, and what happens if you withdraw your original deposit before reaching the trading requirement. Many brokers will void the bonus if you do this.
Steps to Apply a Broker Partner Code
This process is pretty straightforward. Source a working partner code from a trusted site. Head to your preferred broker's registration page. Fill in your information as usual. Type the partner code in the promo code box. Finish your sign-up and place your opening deposit. The bonus gets applied automatically.
The whole thing takes roughly five to ten minutes. No downside to applying a working partner code with a reputable broker. The trading conditions remain identical. You just receive bonus funds in your account. Do not miss extra funds unclaimed when all it requires is typing a code at sign-up.