How to Use Partner Codes for CFD Trading
If you've ever registered with a CFD broker, you have probably come across a box requesting a partner code. Most new traders leave it blank. That is a mistake, because entering the correct code can get you a welcome bonus worth real money in additional cash.
A broker partner code is really just a promotional code that you enter during account opening. Once you complete your initial deposit, the broker adds additional capital into your trading account. The spreads are not affected. You just have additional funds to start with.
How to Find Active Partner Codes for Brokers
Not all codes you find online actually work. Most broker partner codes shared online are outdated. Some website owner lists a code when it is new and then never checks it again. Six months later the offer has ended but the article is still ranking in Google.
This is why dedicated directories are valuable. Sites that actually check their codes before publishing them save you a lot of wasted time. Look for a directory that verifies codes on a regular basis, not just when they first go up.
Different Bonuses Available Using a Partner Code
The most common type is the deposit match. You fund with a set amount and the broker matches a portion on top. Certain brokers match up to 100 %, which effectively doubles your opening funds.
There are also sign-up bonuses — a token amount, often around ten and fifty dollars, just for registering an account. No deposit needed.
In real terms, some major brokers right now run sign-up bonuses worth thousands of dollars. That is genuine money you can put to work from day one.
What to Be Aware Of Before Applying a Broker Partner Code
The most common condition is a trading volume requirement. You must execute a certain number of lots before the bonus become withdrawable. This is normal practice and should not put you off.
Also look at whether the bonus has an expiry date, and what happens if you pull out your original deposit prior to meeting the volume target. Most brokers will void the bonus if you do this.
How to Use a Broker Partner Code
The procedure is pretty straightforward. Source a verified partner code from a reputable source. Visit your chosen broker's sign-up page. Complete your details as usual. Paste the partner code in the partner code box. Finish your registration and place your first deposit. The bonus will be added get more info automatically.
The whole process should take about five to ten minutes. There is no negative to using a working partner code with a reputable broker. Your fees do not change. You just receive bonus money in your account. Do not miss free capital unclaimed if all it requires is typing a code during sign-up.