How to Use Partner Codes for CFD Trading
If you've ever signed up for a trading broker, you may have seen a box asking for a partner code. A lot of people ignore it completely. That is a bad move, because using the right code can get you a welcome bonus worth hundreds or even thousands in extra cash.
A broker partner code is really just a referral code that you enter during registration. After you make your first deposit, the broker credits additional capital into your trading account. Your spreads remain unchanged. You just have extra money to trade with.
Where to Get Active Partner Codes for Brokers
Not every codes you come across through Google are still active. Most broker partner codes shared online are no longer active. A blogger publishes a code when it is first released and then never checks it again. Months later the promotion has been discontinued but the article is still live.
This is why dedicated verification sites are worth using. Directories that actually verify their codes prior to publishing them spare you real frustration. Find a directory that verifies codes on a regular basis, not just when they first go up.
Types of Bonuses Available Through a Partner Code
The standard type is the deposit match. You fund with a minimum amount and the broker adds a portion on top. Some brokers match up to 100 percent, which basically doubles your initial money.
There are also sign-up bonuses — a small amount, often around 10 to 50 dollars, just for opening an account. No deposit necessary.
Practically speaking, several major brokers right now run sign-up bonuses up to thousands of in bonus funds. That is actual capital you can trade with from day one.
Things to Watch Out For Before Applying a Broker Partner Code
The main term is a turnover requirement. You need to trade a minimum volume before the bonus become withdrawable. This is normal across the industry and does not need to worry you.
Also check whether the bonus has an time limit, and what happens if you pull out your initial deposit before meeting the volume requirement. Many brokers will void the bonus if you do this.
How to Activate a Broker Partner see more Code
The procedure is quite straightforward. Get a verified partner code from a trusted site. Visit your preferred broker's sign-up page. Fill in your information as normal. Type the partner code in the promotional code box. Finish your registration and place your initial deposit. The bonus gets credited on its own.
The whole thing should take about five to ten minutes. There is no downside to using a valid partner code with a licensed broker. Your spreads remain identical. You just receive extra capital in your account. There is no reason to miss bonus capital unclaimed when all it requires is pasting a code at registration.