If you have ever opened an account with a CFD broker, you have probably come across a field asking for a partner code. Many new traders skip right past it. That is a missed opportunity, because applying the right code can get you a deposit bonus worth hundreds or even thousands in extra cash.
A broker partner code is really just a promotional code that you enter during account opening. After you complete your initial deposit, the broker credits bonus funds in your trading account. The trading conditions remain unchanged. You just get extra capital to work with.
Where to Find Active Partner Codes for Brokers
Not every codes you see through Google are still active. Most broker partner codes posted online are no longer active. Some website owner posts a code when it is new and then never checks it again. Six months later the promotion has expired but the article is still ranking in Google.
That is the reason specialised code sites are valuable. Directories that regularly test their codes before listing them spare you a lot of wasted time. Use a site that verifies codes on an ongoing basis, not just when they first go up.
Different Bonuses Available With a Partner Code
The most common type is the percentage match. You fund with a minimum amount and the broker credits a portion on top. Certain brokers offer up to 100 %, which effectively doubles your starting funds.
Some brokers offer sign-up bonuses — a modest amount, often somewhere between ten and fifty dollars, just for opening an account. No deposit required.
In real terms, certain established brokers right now offer sign-up bonuses worth thousands of in extra trading capital. That is actual funds you can use from day one.
Things to Watch Out For Before Applying a Broker Partner Code
The most common term is a trading volume requirement. You must trade a specified number of lots before the bonus are made withdrawable. This is common practice and does not need to scare you.
Additionally check if the bonus has an expiry date, and what happens if you cash out your original deposit before meeting the volume target. Many brokers will cancel the bonus if you do this.
How to Apply a Broker Partner Code
This process is pretty easy. Source a working partner code from a trusted source. Visit your preferred broker's sign-up page. Enter your information as usual. further reading Enter the partner code in the promo code box. Complete your registration and make your opening deposit. The bonus should be added straight away.
The entire thing should take about 5 to 10 minutes. There is no downside to using a working partner code with a regulated broker. The fees do not change. You just receive additional money in your account. Do not leave free capital on the table if all it takes is typing a code during registration.