How to Use Partner Codes for Online Trading
If you've ever signed up for a CFD broker, you may have come across a field requesting a partner code. Many new traders skip right past it. That is a missed opportunity, because applying the correct code gives you a sign-up bonus of real money in additional trading capital.
A broker partner code is really just a referral code that you enter during account opening. Once you complete your initial deposit, the broker adds additional capital in your live account. The trading conditions stay the same. You just have more money to start with.
How to Get Active Partner Codes for Brokers
Not every codes you find online are still active. Many broker partner codes shared online are outdated. Some website owner lists a code when it is new and then never checks it again. Weeks later the offer has ended but the post is still live.
This is why dedicated directories are worth using. Sites that actually check their codes prior to publishing them save you real hassle. Use a site that checks 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 matching bonus. You deposit a certain amount and the broker credits a percentage on top. Certain brokers match up to 100 percent, which basically doubles your initial capital.
Some brokers offer sign-up bonuses — a small amount, often around ten and fifty dollars, just for registering an account. No deposit necessary.
Practically speaking, several well-known brokers right now have sign-up bonuses of several thousand in bonus funds. That is genuine funds you can trade with from day one.
Things to Watch Out For Before Entering a Broker Partner Code
The most common requirement is a lot requirement. You must trade a minimum amount of trades before the bonus funds are made withdrawable. This is standard in the forex another source world and should not scare you.
Additionally look at if the bonus has an time limit, and what happens if you withdraw your original deposit prior to hitting the trading target. Most brokers will cancel the bonus if you do this.
How to Activate a Broker Partner Code
The procedure is quite simple. Source a working partner code from a trusted source. Visit your preferred broker's registration page. Fill in your information as normal. Enter the partner code in the promotional code field. Submit your sign-up and complete your initial deposit. The bonus will be applied on its own.
The entire process should take about five to ten minutes. No negative to using a verified partner code with a licensed broker. Your trading conditions do not change. You just get bonus money in your account. Do not leave bonus capital on the table if all it takes is pasting a code at registration.