Understanding Partner Codes for Online Brokers
If you have ever opened an account with a CFD broker, you may have seen a box asking for a partner code. Many traders leave it blank. That is a mistake, because using the correct code unlocks a deposit bonus worth a significant amount in additional money.
A broker partner code is essentially a promotional code that you type in during registration. After you make your initial deposit, the broker adds bonus funds into your live account. Your fees stay the same. You just get additional funds to work with.
How to Get Valid Partner Codes for Brokers
Not all codes you find on the internet are valid. Many broker partner codes floating around online are expired. Some website owner posts a code when it is new and then moves on. Weeks later the promotion has expired but the article is still ranking in Google.
That is the reason dedicated directories matter. Resources that actively verify their codes prior to publishing them save you considerable wasted time. Use a site that checks codes on an ongoing basis, not just when they first go up.
Different Bonuses On Offer Through a Partner Code
The standard type is the matching bonus. You put in a certain amount and the broker matches a percentage on top. Certain brokers match up to 100 percent, which effectively doubles your initial capital.
There are also sign-up bonuses — a token amount, often somewhere between 10 to 50 dollars, just for opening an account. No deposit required.
Practically speaking, some well-known brokers currently have sign-up bonuses of thousands of dollars. That is real capital you can trade with from day one.
What to Watch Out For Before Using a Broker Partner Code
The most common requirement is a lot requirement. You must complete a certain volume before the bonus funds become yours to keep. This is standard in the forex world and should not worry you.
Additionally look at if the bonus has an time limit, and what happens if you pull out your initial deposit before reaching the volume threshold. Many brokers will cancel the bonus if you do this.
Steps to Use a Broker Partner Code
This procedure is fairly easy. Get a active partner code from a reliable directory. Visit your other info preferred broker's registration page. Fill in your information as normal. Paste the partner code in the promo code box. Complete your sign-up and make your first deposit. The bonus will be applied on its own.
The entire process should take roughly 5 to 10 minutes. No negative to entering a working partner code with a regulated broker. Your trading conditions remain identical. You just receive free capital in your account. Do not miss free money unclaimed if all it takes is entering a code during registration.