If you have ever opened an account with a CFD broker, you have probably noticed a field requesting a partner code. Many people skip right past it. That is a bad move, because using the right code gives you a welcome bonus worth real money in bonus funds.
A broker partner code is basically a referral code that you input during registration. Once you make your initial deposit, the broker gives you extra money into your trading account. The fees stay the same. You just have additional money to start with.
How to Find Working Partner Codes for Brokers
Not all codes you see online are valid. Most broker partner codes posted online are outdated. Someone lists a code when it is new and then never checks it again. Weeks later the code has ended but the page is still ranking in Google.
This is why curated verification sites are valuable. Sites that actively verify their codes before publishing them spare you real wasted time. Use a source that verifies codes on a regular basis, not just when they first go up.
Types of Bonuses On Offer With a Partner Code
By far the most popular type is the matching bonus. You deposit a minimum helpful hints amount and the broker credits a percentage on top. Some brokers offer up to 100 %, which practically doubles your starting capital.
There are also free bonuses — a small amount, typically around 10 to 50 dollars, just for registering an account. No deposit necessary.
To put this in perspective, some established brokers right now run sign-up bonuses up to several thousand in extra trading capital. That is actual capital you can trade with from day one.
What to Watch Out For Before Applying a Broker Partner Code
The standard condition is a lot requirement. You have to execute a certain volume before the extra money become yours to keep. This is common across the industry and should not scare you.
Additionally check whether the bonus has an time limit, and what happens if you cash out your original deposit prior to reaching the trading target. Many brokers will forfeit the bonus if you do this.
Steps to Use a Broker Partner Code
This procedure is quite easy. Source a active partner code from a trusted directory. Head to your preferred broker's registration page. Complete your information as normal. Type the partner code in the promotional code field. Complete your registration and make your opening deposit. The bonus gets applied automatically.
The entire thing takes about 5 to 10 minutes. There is no downside to using a working partner code with a regulated broker. The spreads do not change. You just start with free money in your account. Do not leave bonus capital on the table when all it requires is entering a code during sign-up.