How to Use Partner Codes for CFD Brokers
If you have ever opened an account with a forex broker, you may have come across a field requesting a partner code. Many people leave it blank. That is a bad move, because entering the right code unlocks a deposit bonus of hundreds or even thousands in free trading capital.
A broker partner code is basically a promotional code that you enter during account opening. Once you complete your initial deposit, the broker adds bonus funds in your trading account. Your fees stay the same. You just have more capital to trade with.
Where to Find Working Partner Codes for Brokers
Not every codes you see on the internet actually work. Many broker partner codes floating around online are no longer active. A blogger posts a code when it is new and then moves on. Months later the promotion has ended but the page is still up.
This is why dedicated code sites are worth using. Sites that actively test their codes prior to publishing them spare you a lot of hassle. Look for a source that checks codes on an ongoing basis, not just once when they are first posted.
Types of Bonuses You Can Get With a Partner Code
The most common type is the matching bonus. You fund with a set amount and the broker credits a percentage on top. Certain brokers offer up to 100 percent, which practically doubles your starting funds.
There are also free bonuses — a modest amount, often somewhere between 10 to 50 dollars, just for registering an account. No deposit necessary.
In real terms, some well-known brokers currently have welcome bonuses of several thousand in extra trading capital. That is real capital you can put to work from day one.
What to Watch Out For Before Applying a Broker Partner Code
The most common condition is a lot requirement. You must trade a specified number of lots before the extra money become yours to keep. This is entirely typical practice and does not need to scare you.
Additionally verify if the bonus has an expiry date, and what happens if you pull out your original deposit before meeting the trading target. Many brokers will void the bonus if you do this.
Steps to Apply a Broker Partner Code
The process is quite simple. Source a working partner code from a trusted site. Visit see here your selected broker's sign-up page. Complete your information as normal. Paste the partner code in the promotional code box. Finish your sign-up and complete your first deposit. The bonus should be credited automatically.
The entire process takes maybe five to ten minutes. There is no negative to using a working partner code with a regulated broker. The spreads stay the same. You just receive free money in your account. Do not miss bonus capital unclaimed if all it takes is typing a code during sign-up.