A Guide to Partner Codes for CFD Brokers
If you have ever signed up for a forex broker, you may have come across a field asking for a partner code. Many traders skip right past it. That is a missed opportunity, because applying the correct code gives you a welcome bonus of hundreds or even thousands in additional trading capital.
A broker partner code is essentially a referral code that you enter during registration. After this site you place your first deposit, the broker adds bonus funds into your live account. The trading conditions do not change. You just receive more capital to work with.
Where to Find Valid Partner Codes for Brokers
Not all codes you come across on the internet are still active. Most broker partner codes posted online are no longer active. Some website owner lists a code when it is new and then moves on. Six months later the offer has been discontinued but the article is still up.
That is the reason dedicated verification sites matter. Directories that actively check their codes before publishing them spare you a lot of frustration. Look for a source that checks codes on an ongoing basis, not just once when they are first posted.
Different Bonuses Available Using a Partner Code
The standard type is the deposit match. You fund with a minimum amount and the broker credits a percentage on top. A few brokers match up to 100 percent, which effectively doubles your starting capital.
Some brokers offer free bonuses — a modest amount, often somewhere between 10 to 50 dollars, just for creating an account. No deposit required.
Practically speaking, certain major brokers right now offer welcome bonuses of thousands of in bonus funds. That is genuine funds you can put to work from day one.
Things to Know Before Entering a Broker Partner Code
The most common condition is a turnover requirement. You need to complete a specified number of lots before the bonus are made available for withdrawal. This is standard across the industry and does not need to worry you.
Additionally verify whether the bonus has an time limit, and what happens if you pull out your original deposit prior to meeting the trading requirement. Many brokers will void the bonus if you do this.
Steps to Activate a Broker Partner Code
This process is fairly straightforward. Get a active partner code from a trusted directory. Head to your preferred broker's sign-up page. Enter your details as usual. Type the partner code in the promotional code box. Submit your sign-up and make your initial deposit. The bonus should be added on its own.
The entire process should take roughly five to ten minutes. There is no disadvantage to entering a valid partner code with a regulated broker. The fees do not change. You just start with bonus money in your account. There is no reason to leave bonus money unclaimed if all it takes is typing a code during sign-up.