If you've ever registered with a CFD broker, you have probably come across a box asking for a partner code. Many new traders leave it blank. That is a mistake, because applying the right code gives you a welcome bonus worth hundreds or even thousands in free cash.
A broker partner code is really just a promo code that you input during registration. After you place your first deposit, the broker adds additional capital into your trading account. Your spreads remain unchanged. You just receive more capital to trade with.
Where to Find Valid Partner Codes for Brokers
Very few of the codes you come across on the internet actually work. Most broker partner codes floating around online are dead. Some website owner lists a code when read more it is new and then forgets about it. Months later the offer has ended but the post is still live.
This is why curated verification sites are valuable. Directories that regularly test their codes prior to publishing them save you real frustration. Find a source that tests codes on an ongoing basis, not just when they first go up.
Types of Bonuses Available With a Partner Code
By far the most popular type is the matching bonus. You deposit a set amount and the broker credits a percentage on top. Some brokers offer up to 100 percent, which effectively doubles your starting money.
Some brokers offer sign-up bonuses — a modest amount, typically around 10 to 50 dollars, just for opening an account. No deposit needed.
In real terms, several major brokers right now run welcome bonuses up to several thousand dollars. That is genuine funds you can trade with from day one.
What to Be Aware Of Before Using a Broker Partner Code
The standard condition is a lot requirement. You must trade a minimum amount of trades before the extra money become available for withdrawal. This is entirely typical across the industry and should not worry you.
Also verify if the bonus has an time limit, and what happens if you cash out your initial deposit prior to reaching the volume requirement. Many brokers will void the bonus if you do this.
Steps to Use a Broker Partner Code
The process is fairly simple. Source a active partner code from a reliable directory. Head to your selected broker's registration page. Complete your details as normal. Paste the partner code in the promo code box. Finish your sign-up and place your opening deposit. The bonus will be added straight away.
The entire thing takes maybe a few minutes. No negative to using a working partner code with a reputable broker. Your trading conditions stay the same. You just receive additional funds in your account. There is no reason to miss free money on the table if all it requires is typing a code during sign-up.