A Guide to Partner Codes for Online Trading

If you've ever opened an account with a CFD broker, you have probably seen a box asking for a partner code. A lot of traders ignore it completely. That is a bad move, because entering the right code can get you a sign-up bonus worth hundreds or even thousands in additional funds.

A broker partner code is really just a promotional code that you main page type in during sign-up. Once you place your opening deposit, the broker credits extra money into your trading account. The fees do not change. You just start with additional capital to trade with.

How to Find Verified Partner Codes for Brokers

Very few of the codes you find online are still active. Most broker partner codes posted online are outdated. Some website owner publishes a code when it is new and then moves on. Weeks later the code has expired but the article is still live.

That is the reason specialised code sites matter. Resources that actually check their codes before publishing them save you real frustration. Use a source that tests codes on a regular basis, not just when they first go up.

Different Bonuses On Offer Using a Partner Code

The standard type is the percentage match. You fund with a certain amount and the broker matches a percentage on top. Certain brokers match up to 100 %, which basically doubles your opening money.

There are also no-deposit bonuses — a modest amount, often somewhere between 10 to 50 dollars, just for registering an account. No deposit needed.

In real terms, certain well-known brokers currently offer sign-up bonuses up to thousands of in bonus funds. That is genuine money you can use from day one.

What to Watch Out For Before Applying a Broker Partner Code

The most common requirement is a trading volume requirement. You need to trade a certain volume before the extra money become withdrawable. This is common practice and should not worry you.

Additionally look at if the bonus has an expiry date, and what happens if you pull out your original deposit before reaching the trading target. Many brokers will forfeit the bonus if you do this.

Steps to Use a Broker Partner Code

This procedure is pretty easy. Find a working partner code from a reliable directory. Head to your preferred broker's sign-up page. Enter your information as normal. Paste the partner code in the promo code box. Submit your registration and place your first deposit. The bonus will be credited automatically.

The whole thing takes roughly a few minutes. No disadvantage to using a valid partner code with a licensed broker. The fees do not change. You just receive free money in your account. Do not miss bonus funds going to waste if all it takes is typing a code at registration.