A Guide to Partner Codes for CFD Trading
If you have ever registered with a CFD broker, you may have noticed a field asking for a partner code. A lot of people ignore it completely. That is a mistake, because entering the right code unlocks a welcome bonus of a significant amount in free money.
A broker partner code is basically a promo code that you enter during account opening. After you make your initial deposit, the broker adds bonus funds into your live account. The trading conditions are not affected. You just receive extra funds to work with.
Where to Source Working Partner Codes for Brokers
Very few of the codes you find on the internet are valid. Most broker partner codes floating around online are dead. A blogger lists a code when it is new and then never checks it again. Months later the offer has expired but the page is still live.
That is the reason curated verification sites are worth using. Resources that regularly check their codes prior to publishing them spare you considerable hassle. Look for a site that checks codes on a regular basis, not just when they first go up.
Types of Bonuses Available Through a Partner Code
By far the most popular type is the matching bonus. You deposit a minimum amount and the broker credits a portion on top. A few brokers offer up to 100 percent, which practically doubles your starting funds.
Some brokers offer free bonuses — a token amount, often around ten and fifty dollars, just for creating an account. No deposit required.
Practically speaking, certain established brokers currently run sign-up bonuses of several thousand in bonus funds. That is genuine capital you can trade with from day one.
Things to Be Aware Of Before Entering a Broker Partner Code
The standard term is a trading volume requirement. You must complete a certain volume before the bonus funds are made available for withdrawal. This is standard practice and should not put you off.
Additionally verify if the bonus has an validity window, and what happens if you withdraw your initial deposit before meeting the trading target. Many brokers will take a look void the bonus if you do this.
How to Use a Broker Partner Code
The process is fairly straightforward. Get a working partner code from a reliable source. Head to your preferred broker's sign-up page. Complete your details as usual. Paste the partner code in the promo code box. Submit your registration and make your first deposit. The bonus gets added straight away.
The entire thing takes about 5 to 10 minutes. No negative to applying a working partner code with a licensed broker. Your spreads remain identical. You just get bonus funds in your account. Do not miss bonus funds on the table when all it requires is typing a code at sign-up.