How to Use Partner Codes for CFD Trading
If you have ever signed up for a forex broker, you may have come across a field asking for a partner code. Most people ignore it completely. That is a missed opportunity, because entering the correct code gives you a deposit bonus worth hundreds or even thousands in extra money.
A broker partner code is really just a promo code that you enter during account opening. Once you make your first deposit, the broker gives you additional capital into your trading account. The trading conditions stay the helpful resources same. You just have additional funds to start with.
Where to Source Working Partner Codes for Brokers
Not every codes you find online are still active. Most broker partner codes floating around online are no longer active. Someone posts a code when it is new and then never checks it again. Weeks later the offer has been discontinued but the article is still live.
That is the reason dedicated code sites matter. Resources that regularly check their codes prior to listing them spare you a lot of frustration. Find a source that verifies codes on a regular basis, not just once when they are first posted.
Different Bonuses You Can Get Using a Partner Code
The most common type is the percentage match. You deposit a minimum amount and the broker adds a percentage on top. Some brokers offer up to 100 percent, which effectively doubles your starting capital.
There are also sign-up bonuses — a small amount, typically around ten and fifty dollars, just for registering an account. No deposit required.
To put this in perspective, certain well-known brokers currently offer welcome bonuses up to thousands of dollars. That is genuine capital you can trade with from day one.
What to Be Aware Of Before Entering a Broker Partner Code
The main requirement is a turnover requirement. You have to trade a specified number of lots before the extra money become yours to keep. This is common in the forex world and does not need to put you off.
Additionally verify whether the bonus has an expiry date, and what happens if you pull out your initial 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 fairly easy. Source a verified partner code from a reputable source. Head to your selected broker's sign-up page. Enter your information as normal. Paste the partner code in the promotional code field. Finish your sign-up and complete your first deposit. The bonus gets added on its own.
The entire process should take about 5 to 10 minutes. There is no downside to applying a verified partner code with a reputable broker. The trading conditions do not change. You just start with bonus money in your account. There is no reason to skip extra capital on the table when all it requires is entering a code during sign-up.