How to Use Partner Codes for CFD Trading
If you have ever opened an account with a forex broker, you might have noticed a field asking for a partner code. Most new traders skip right past it. That is a bad move, because using the right code unlocks a welcome bonus worth real money in extra trading capital.
A broker partner code is basically a referral code that you type in during account opening. After you make your first deposit, the broker adds additional capital into your live account. Your trading conditions do not change. You just have extra capital to work with.
How to Find Valid Partner Codes for Brokers
Not every codes you see online are valid. A lot of broker partner codes posted online are no longer active. Some website owner lists a code when it is first released and then forgets about it. Six months later the promotion has ended but the page is still live.
That is the reason curated verification sites are valuable. Directories that actually test their codes before publishing them save you a lot of frustration. Use a source that tests codes on an ongoing basis, not just once when they are first posted.
Different Bonuses You Can Get With a Partner Code
By far the most popular type is the matching bonus. You put in a set amount and the broker matches a portion on top. Certain brokers offer up to 100 percent, which basically doubles your initial funds.
Some brokers offer sign-up bonuses — a modest amount, often somewhere between ten and fifty dollars, just for creating an account. No deposit needed.
In real terms, several established brokers currently offer sign-up bonuses of thousands of dollars. That is genuine money you can trade find more info with from day one.
What to Know Before Applying a Broker Partner Code
The standard condition is a turnover requirement. You need to trade a minimum volume before the bonus funds are made available for withdrawal. This is standard in the forex world and should not scare you.
Additionally look at whether the bonus has an time limit, and what happens if you pull out your initial deposit prior to hitting the volume target. Many brokers will cancel the bonus if you do this.
How to Use a Broker Partner Code
The process is fairly easy. Source a active partner code from a reputable directory. Go to your chosen broker's sign-up page. Fill in your details as usual. Type the partner code in the partner code field. Complete your registration and make your opening deposit. The bonus will be applied on its own.
The entire thing takes about a few minutes. There is no disadvantage to using a verified partner code with a licensed broker. Your trading conditions remain identical. You just start with extra funds in your account. There is no reason to skip free money unclaimed when all it requires is typing a code at registration.