If you've ever registered with a CFD broker, you have probably seen a field asking for a partner code. Many people leave it blank. That is a missed opportunity, because entering the right look here code unlocks a welcome bonus worth real money in additional cash.
A broker partner code is essentially a referral code that you type in during registration. Once you complete your opening deposit, the broker credits bonus funds in your trading account. Your commissions are not affected. You just receive more capital to work with.
How to Get Working Partner Codes for Brokers
Very few of the codes you come across online are still active. Most broker partner codes posted online are dead. Someone lists a code when it is new and then never checks it again. Months later the code has ended but the article is still ranking in Google.
That is the reason specialised directories are worth using. Sites that regularly test their codes prior to listing them spare you a lot of frustration. Find a site that tests codes on a regular basis, not just when they first go up.
Different Bonuses On Offer Through a Partner Code
The most common type is the deposit match. You put in a certain amount and the broker matches a percentage on top. A few brokers offer up to 100 percent, which basically doubles your starting funds.
There are also sign-up bonuses — a modest amount, typically around ten and fifty dollars, just for creating an account. No deposit necessary.
To put this in perspective, some well-known brokers currently run sign-up bonuses worth several thousand dollars. That is real funds you can use from day one.
What to Be Aware Of Before Applying a Broker Partner Code
The main term is a turnover requirement. You must execute a certain number of lots before the bonus are made yours to keep. This is normal in the forex world and should not put you off.
Also check if the bonus has an expiry date, and what happens if you cash out your original deposit prior to meeting the volume target. Most brokers will void the bonus if you do this.
Steps to Use a Broker Partner Code
The process is fairly easy. Source a active partner code from a reputable directory. Head to your chosen broker's sign-up page. Fill in your information as usual. Enter the partner code in the promotional code box. Submit your registration and make your opening deposit. The bonus gets applied on its own.
The entire thing should take about 5 to 10 minutes. No disadvantage to entering a verified partner code with a licensed broker. Your spreads do not change. You just start with bonus capital in your account. There is no reason to leave extra money going to waste if all it requires is typing a code during sign-up.