A Guide to Partner Codes for CFD Trading

If you have ever opened an account with a trading broker, you have probably noticed a field requesting a partner code. Most people ignore it completely. That is a missed opportunity, because entering the correct code gives you a welcome bonus worth hundreds or even thousands in bonus trading capital.

A broker partner code is essentially a promotional code that you type in during sign-up. Once you make your opening deposit, the broker gives you additional capital in your trading account. The fees are not affected. You just receive extra funds to start with.

Where to Get Active Partner Codes for Brokers

Very few of the codes you come across through Google actually work. Most broker partner codes posted online are no longer active. A blogger publishes a code when it is first released and then moves on. Six months later the offer has expired but the post is still up.

This is why curated verification sites are worth using. Resources that actually test their codes before listing them save you considerable frustration. Find a directory that tests codes on a regular basis, not just when they first go up.

Types of Bonuses On Offer Using a Partner Code

The standard type read more is the matching bonus. You put in a set amount and the broker credits a percentage on top. Certain brokers offer up to 100 %, which practically doubles your opening funds.

Some brokers offer free bonuses — a small amount, usually somewhere between ten and fifty dollars, just for opening an account. No deposit required.

To put this in perspective, certain major brokers right now have sign-up bonuses worth several thousand in extra trading capital. That is genuine funds you can trade with from day one.

Things to Watch Out For Before Entering a Broker Partner Code

The standard requirement is a turnover requirement. You must trade a certain volume before the extra money become withdrawable. This is normal across the industry and does not need to worry you.

Also verify if the bonus has an validity window, and what happens if you withdraw your initial deposit before hitting the trading threshold. Most brokers will forfeit the bonus if you do this.

Steps to Apply a Broker Partner Code

This process is pretty straightforward. Get a working partner code from a trusted source. Go to your preferred broker's registration page. Fill in your information as usual. Enter the partner code in the promo code field. Submit your registration and complete your first deposit. The bonus will be applied automatically.

The entire thing takes about 5 to 10 minutes. There is no negative to applying a valid partner code with a regulated broker. Your fees remain identical. You just start with extra capital in your account. There is no reason to leave extra money going to waste when all it takes is typing a code during sign-up.