If you've ever signed up for a CFD broker, you might have noticed a field asking for a partner code. Many people ignore it completely. That is a bad move, because entering the right code can get you a welcome bonus worth hundreds or even thousands in extra funds.
A broker partner code is basically a promo code that you enter during registration. Once you complete your first deposit, the broker adds bonus funds into your live account. The spreads stay the same. You just get more funds to work with.
How to Find Valid Partner Codes for Brokers
Not all codes you find online are valid. Many broker partner codes shared online are expired. A blogger publishes a code when it is new and then moves on. Six months later the offer has expired but the article is still ranking in Google.
This is why dedicated code sites are worth using. Sites that regularly verify their codes before publishing them spare you considerable wasted time. Find a source that verifies codes on an ongoing basis, not just once when they are first posted.
Types of Bonuses On Offer With a Partner Code
By far the most popular type is the percentage match. You put in a set amount and the broker credits a portion on top. Some brokers match up to 100 percent, which effectively doubles your opening funds.
There are also free bonuses — a token amount, typically around 10 to 50 dollars, just for opening an account. No deposit needed.
In real terms, some established brokers right now offer welcome bonuses worth thousands of dollars. That is actual funds you can put to work from day one.
Things to Be Aware Of Before Using a Broker Partner Code
The main condition is a turnover requirement. You have to complete a specified number of lots before the bonus funds become available for withdrawal. This is entirely typical practice and should not scare you.
Additionally look at whether the bonus has an validity window, and what happens if you pull out your initial deposit before meeting the volume information resource target. Most brokers will cancel the bonus if you do this.
Steps to Activate a Broker Partner Code
This process is pretty easy. Get a working partner code from a reputable source. Visit your chosen broker's registration page. Fill in your details as usual. Enter the partner code in the promotional code field. Submit your sign-up and place your opening deposit. The bonus gets added straight away.
The whole thing takes maybe 5 to 10 minutes. There is no negative to applying a verified partner code with a licensed broker. Your trading conditions remain identical. You just get additional funds in your account. There is no reason to skip bonus capital on the table if all it takes is entering a code during registration.