If you have ever registered with a CFD broker, you may have seen a field requesting a partner code. A lot of people skip right past it. That is a mistake, because using the correct code can get you a welcome bonus worth real money in additional trading capital.
A broker partner code is really just a promotional code that you enter during registration. Once you complete your first deposit, the broker gives you additional capital into your live account. The commissions do not change. You just have more capital to trade with.
Where to Find Verified Partner Codes for Brokers
Not all codes you see on the internet actually work. Most broker partner codes floating around online are outdated. A blogger publishes a code when it is new and then never checks it again. Months later the code has been discontinued but the post is still up.
That is the reason curated code sites are valuable. Resources that regularly test their codes prior to listing them save you considerable hassle. Find a site that checks codes on a regular basis, not just once when they are first posted.
Types of Bonuses Available Through a Partner Code
By far the most popular type is the percentage match. You fund with a minimum amount and the broker adds a percentage on top. A few brokers match up to 100 %, which effectively doubles your initial capital.
There are also no-deposit bonuses — a modest amount, usually around 10 to 50 dollars, just for registering an account. No deposit partner codes for brokers required.
In real terms, certain major brokers currently offer sign-up bonuses worth thousands of in extra trading capital. That is real capital you can use from day one.
What to Watch Out For Before Using a Broker Partner Code
The most common requirement is a trading volume requirement. You have to execute a minimum amount of trades before the bonus funds are made yours to keep. This is normal across the industry and should not worry you.
Also check whether the bonus has an validity window, and what happens if you pull out your original deposit before reaching the volume threshold. Many brokers will cancel the bonus if you do this.
How to Use a Broker Partner Code
The process is quite easy. Source a active partner code from a reputable directory. Head to your preferred broker's registration page. Fill in your information as normal. Enter the partner code in the promotional code box. Submit your sign-up and complete your opening deposit. The bonus will be credited automatically.
The entire thing should take about five to ten minutes. There is no disadvantage to entering a verified partner code with a licensed broker. The spreads do not change. You just get additional capital in your account. There is no reason to miss extra funds unclaimed if all it takes is entering a code during sign-up.