How to Use Partner Codes for CFD Brokers
If you've ever opened an account with a CFD broker, you have probably seen a box requesting a partner code. Many new traders leave it blank. That is a bad move, because applying the right code can get you a deposit bonus of real money in bonus funds.
A broker partner code is essentially a promotional code that you input during sign-up. After you make your initial deposit, the broker gives you bonus funds into your trading account. The trading conditions do not change. You just receive additional money to start with.
Where to Get Verified Partner Codes for Brokers
Very few of the codes you see through Google are valid. A lot of broker partner codes shared online are expired. Someone lists a code when it is new and then never checks it again. Months later the promotion has expired but the page is still live.
This is why specialised directories are worth using. Resources that regularly verify their codes before listing them save you a lot of hassle. Look for a directory that checks codes on a regular basis, not just when they first go up.
Types of Bonuses On Offer Using a Partner Code
The standard type is the matching bonus. You fund with a set amount and the broker adds a percentage on top. Certain brokers offer up to 100 percent, which basically doubles your starting capital.
There are also sign-up bonuses — a token amount, usually somewhere between 10 to 50 dollars, just for opening an account. No deposit required.
To put this in perspective, several major brokers right now have sign-up bonuses up to several thousand dollars. That is actual money you can use from day one.
What to Watch Out For Before Applying a Broker Partner Code
The main requirement is a trading volume requirement. You must execute a specified amount of trades before the extra money become yours to keep. This is entirely typical practice and should not worry you.
Also verify if the bonus has an validity window, and what happens if you cash out your original deposit prior to reaching the trading threshold. Many brokers will forfeit the bonus if you do this.
How to Use a Broker Partner Code
The procedure is quite simple. Source a active partner code from a reputable directory. Head to your chosen broker's registration page. Complete your details as usual. Enter the partner code in the promotional code field. Submit your registration and make this article your opening deposit. The bonus should be credited on its own.
The whole process takes roughly five to ten minutes. No disadvantage to applying a verified partner code with a reputable broker. The spreads remain identical. You just get extra funds in your account. Do not leave extra money going to waste if all it takes is pasting a code during registration.