A Guide to Partner Codes for CFD Brokers

If you've ever signed up for a trading broker, you may have seen a field asking for a partner code. Most people skip webpage right past it. That is a mistake, because using the right code unlocks a welcome bonus of a significant amount in additional cash.

A broker partner code is basically a promo code that you enter during registration. Once you place your opening deposit, the broker adds extra money into your trading account. The trading conditions remain unchanged. You just start with more money to start with.

How to Find Working Partner Codes for Brokers

Very few of the codes you see through Google are valid. A lot of broker partner codes shared online are no longer active. A blogger publishes a code when it is new and then never checks it again. Six months later the offer has expired but the post is still up.

This is why specialised directories are valuable. Directories that regularly test their codes prior to listing them save you real hassle. Use a source that checks codes on an ongoing basis, not just once when they are first posted.

Types of Bonuses On Offer Through a Partner Code

By far the most popular type is the matching bonus. You deposit a set amount and the broker matches a percentage on top. Certain brokers offer up to 100 %, which basically doubles your opening money.

There are also free bonuses — a modest amount, usually around 10 to 50 dollars, just for opening an account. No deposit needed.

To put this in perspective, some major brokers currently have sign-up bonuses worth thousands of in bonus funds. That is genuine money you can use from day one.

What to Know Before Applying a Broker Partner Code

The main term is a trading volume requirement. You must execute a minimum volume before the bonus funds are made yours to keep. This is standard practice and should not put you off.

Also check if the bonus has an validity window, and what happens if you cash out your initial deposit prior to meeting the trading target. Most brokers will void the bonus if you do this.

How to Activate a Broker Partner Code

This process is fairly simple. Find a verified partner code from a reliable source. Visit your selected broker's sign-up page. Fill in your details as normal. Type the partner code in the partner code field. Finish your registration and complete your first deposit. The bonus should be added automatically.

The entire process should take about 5 to 10 minutes. No negative to using a verified partner code with a reputable broker. The spreads remain identical. You just start with free capital in your account. Do not skip extra capital on the table when all it takes is entering a code during sign-up.