If you have ever opened an account with a CFD broker, you might have seen a box asking for a partner code. Most traders skip right past it. That is a missed opportunity, because using the right code gives you a deposit bonus of real money in additional cash.
A broker partner code is basically a promotional code that you enter during account opening. After you make your opening deposit, the broker credits bonus funds into your live account. The trading conditions remain unchanged. You just get additional funds to trade with.
Where to Source Active Partner Codes for Brokers
Not all codes you come across through Google actually work. Many broker partner codes shared online are outdated. Some website owner publishes a code when it is first released and then moves on. Months later the promotion has been discontinued but the page is still ranking in Google.
That is the reason curated code sites are valuable. Sites that regularly check their codes before listing them spare you a lot of wasted time. Find a site that verifies codes on a regular basis, not just when they first go up.
Different Bonuses You Can Get With a Partner Code
By far the most popular type is the percentage match. You fund with a set amount and the broker adds a portion on top. Some brokers offer up to 100 percent, which practically doubles your opening capital.
There are also sign-up bonuses — a small amount, typically somewhere between 10 to 50 dollars, just for creating an account. No deposit needed.
To put this in perspective, certain well-known brokers right now offer welcome bonuses worth several thousand dollars. That is genuine capital you can trade with from day one.
What to Watch Out For Before Entering a Broker Partner Code
The main term is a lot requirement. You need to execute a certain volume before the bonus funds become yours to keep. This is standard in the forex world and should not worry you.
Additionally verify if the bonus has an validity window, and what happens if you cash out your original deposit before hitting the volume requirement. Many brokers will void the bonus if you do more info this.
Steps to Apply a Broker Partner Code
The process is pretty easy. Get a working partner code from a reputable directory. Go to your chosen broker's registration page. Enter your information as normal. Paste the partner code in the promo code box. Complete your sign-up and complete your opening deposit. The bonus will be added automatically.
The entire process should take about 5 to 10 minutes. There is no disadvantage to applying a verified partner code with a licensed broker. The spreads stay the same. You just receive bonus capital in your account. There is no reason to skip extra capital on the table when all it requires is typing a code at sign-up.