A Guide to Partner Codes for CFD Trading
If you've ever opened an account with a CFD broker, you might have come across a box requesting a partner code. Many people ignore it completely. That is a missed opportunity, because applying the right code gives you a welcome bonus of real money in additional money.
A read this article broker partner code is essentially a promo code that you enter during registration. Once you place your opening deposit, the broker credits extra money into your live account. Your commissions remain unchanged. You just get more money to start with.
Where to Source Active Partner Codes for Brokers
Not every codes you find on the internet are valid. A lot of broker partner codes posted online are outdated. A blogger publishes a code when it is new and then never checks it again. Weeks later the offer has been discontinued but the article is still up.
That is the reason dedicated code sites matter. Directories that regularly check their codes prior to publishing them save you considerable hassle. Find a site that checks codes on an ongoing basis, not just when they first go up.
Types of Bonuses Available With a Partner Code
The most common type is the matching bonus. You fund with a certain amount and the broker matches a portion on top. A few brokers match up to 100 percent, which effectively doubles your starting money.
There are also free bonuses — a modest amount, typically around 10 to 50 dollars, just for registering an account. No deposit necessary.
In real terms, some major brokers currently run sign-up bonuses of thousands of in extra trading capital. That is real capital you can trade with from day one.
What to Know Before Using a Broker Partner Code
The most common requirement is a lot requirement. You have to complete a specified volume before the bonus are made yours to keep. This is normal across the industry and does not need to put you off.
Also verify if the bonus has an validity window, and what happens if you pull out your original deposit prior to reaching the volume requirement. Many brokers will forfeit the bonus if you do this.
Steps to Apply a Broker Partner Code
This process is fairly easy. Find a working partner code from a reputable source. Visit your chosen broker's sign-up page. Enter your information as usual. Enter the partner code in the promotional code field. Finish your sign-up and complete your opening deposit. The bonus gets added automatically.
The whole process takes roughly a few minutes. There is no negative to applying a verified partner code with a regulated broker. Your fees do not change. You just receive free capital in your account. There is no reason to miss free money on the table if all it takes is entering a code at registration.