If you've ever signed up for a CFD broker, you might have seen a field asking for a partner code. Many new traders leave it blank. That is a bad move, because entering the correct code can get you a deposit bonus of a significant amount in free cash.
A broker partner code is basically a promo code that you input during account opening. Once you complete your initial deposit, the broker gives you bonus funds in your live account. Your trading conditions do not change. You just get more capital to trade with.
Where to Find Verified Partner Codes for Brokers
Not all codes you find on the internet are valid. A lot of broker partner codes shared online are dead. Some website owner posts a code when it is first released and then forgets about it. Months later the promotion has ended but the page is still ranking in Google.
That is the reason specialised code sites matter. Directories that actively test their codes prior to listing them save broker partner codes you real wasted time. Use a site that verifies codes on an ongoing basis, not just once when they are first posted.
Different Bonuses You Can Get Using a Partner Code
By far the most popular type is the deposit match. You put in a certain amount and the broker credits a percentage on top. Certain brokers offer up to 100 percent, which basically doubles your initial funds.
There are also free bonuses — a modest amount, often somewhere between ten and fifty dollars, just for creating an account. No deposit needed.
In real terms, certain major brokers currently offer welcome bonuses up to thousands of dollars. That is actual funds you can trade with from day one.
What to Watch Out For Before Using a Broker Partner Code
The standard requirement is a trading volume requirement. You have to trade a minimum volume before the extra money are made available for withdrawal. This is standard across the industry and does not need to scare you.
Also check if the bonus has an time limit, and what happens if you cash out your original deposit before reaching the trading threshold. Most brokers will forfeit the bonus if you do this.
Steps to Activate a Broker Partner Code
The process is quite straightforward. Find a active partner code from a reputable directory. Go to your preferred broker's sign-up page. Fill in your details as usual. Paste the partner code in the promo code field. Complete your registration and make your first deposit. The bonus should be added on its own.
The whole process should take roughly a few minutes. No disadvantage to applying a working partner code with a regulated broker. Your fees remain identical. You just receive free capital in your account. There is no reason to miss free money unclaimed if all it requires is typing a code during sign-up.