If you have ever opened an account with a CFD broker, you may have come across a field requesting a partner code. A lot of traders ignore it completely. That is a mistake, because using the correct code can get you a deposit bonus of real money in additional cash.
A broker partner code is really just a promotional code that you type in during account opening. Once you complete your opening deposit, the broker adds additional capital into your live account. Your commissions are not affected. check this out You just receive additional capital to start with.
Where to Find Verified Partner Codes for Brokers
Not all codes you come across online are valid. A lot of broker partner codes shared online are dead. Someone publishes a code when it is first released and then moves on. Weeks later the code has been discontinued but the post is still up.
This is why curated code sites are valuable. Directories that actively test their codes prior to listing them save you considerable frustration. Find a site that tests codes on a regular basis, not just when they first go up.
Different Bonuses You Can Get Using a Partner Code
The standard type is the percentage match. You fund with a minimum amount and the broker adds a portion on top. A few brokers match up to 100 percent, which practically doubles your opening funds.
Some brokers offer sign-up bonuses — a small amount, usually somewhere between 10 to 50 dollars, just for opening an account. No deposit necessary.
Practically speaking, some well-known brokers right now offer sign-up bonuses up to thousands of in bonus funds. That is actual funds you can trade with from day one.
Things to Be Aware Of Before Entering a Broker Partner Code
The standard term is a turnover requirement. You must trade a certain amount of trades before the bonus are made withdrawable. This is standard across the industry and should not worry you.
Also check if the bonus has an expiry date, and what happens if you pull out your original deposit before meeting the trading threshold. Most brokers will cancel the bonus if you do this.
How to Apply a Broker Partner Code
This procedure is fairly easy. Find a verified partner code from a trusted directory. Go to your selected broker's registration page. Fill in your details as normal. Enter the partner code in the promotional code box. Submit your registration and place your initial deposit. The bonus will be added on its own.
The whole process should take roughly a few minutes. There is no disadvantage to using a valid partner code with a regulated broker. The trading conditions stay the same. You just start with additional capital in your account. Do not skip bonus capital going to waste when all it requires is entering a code at sign-up.