Understanding Partner Codes for CFD Trading

If you have ever registered with a forex broker, you may have come across a field asking for a partner code. Most people skip right past it. That is a bad move, because using the right code unlocks a deposit bonus of real money in additional cash.

A broker partner code is basically a referral code that you type in during sign-up. After you place your first deposit, the broker adds extra money in your live account. Your spreads do not change. You just receive more capital to trade with.

How to Get Verified Partner Codes for Brokers

Not all codes you see online are still active. A lot of broker partner codes floating around online are dead. Someone posts a code when it is new and then forgets about it. Weeks later the code has ended but the article is still up.

This is why specialised code sites matter. Sites that actively check their codes before listing them spare you real hassle. Use a site that tests codes on an ongoing basis, not just when they first go up.

Different Bonuses Available With a Partner Code

The standard type is the deposit match. You put in a certain amount and the broker credits a portion on top. Some brokers offer up to 100 percent, which basically doubles your initial money.

There are also sign-up bonuses — a token amount, usually around 10 to 50 dollars, just for creating an account. No deposit needed.

In real terms, several well-known brokers right now offer sign-up bonuses worth several thousand in extra trading capital. That is real capital you can trade with from day one.

What to Watch Out For Before Using a Broker Partner Code

The main condition is a trading volume requirement. You need to trade a minimum number of lots before the bonus funds become available for withdrawal. This is common across the industry and does not need to worry this article you.

Additionally look at if the bonus has an time limit, and what happens if you withdraw your initial deposit before hitting the trading threshold. Many brokers will void the bonus if you do this.

Steps to Activate a Broker Partner Code

This process is quite straightforward. Get a active partner code from a trusted site. Visit your chosen broker's registration page. Enter your information as normal. Enter the partner code in the partner code box. Finish your registration and place your first deposit. The bonus gets added automatically.

The entire process should take about a few minutes. There is no disadvantage to entering a valid partner code with a licensed broker. The spreads remain identical. You just receive bonus funds in your account. Do not miss bonus capital on the table when all it requires is typing a code during registration.