If you've ever registered with a CFD broker, you might have seen a box requesting a partner code. Most traders leave it blank. That is a bad move, because applying the correct code unlocks a deposit bonus of a significant amount in free cash.
A broker partner code is really just a referral code that you enter during account opening. Once you place your first deposit, the broker credits bonus funds in your trading account. Your fees do not change. You just get more money to trade with.
Where to Source Verified Partner Codes for Brokers
Very few of the codes you see through Google actually work. A lot of broker partner codes floating around online are dead. Someone publishes a code when it is new and then never checks it again. Six months later the code has been discontinued but the post is still up.
This is why dedicated code sites matter. Directories that actually check their codes before listing them spare you a lot of wasted time. Use a source that checks codes on an ongoing basis, not just when they first go up.
Different Bonuses Available Using a Partner Code
By far the most popular type is the matching bonus. You put in a set amount and the broker matches a portion on top. Certain brokers match up to 100 percent, read full report which practically doubles your starting money.
There are also free bonuses — a small amount, usually somewhere between ten and fifty dollars, just for registering an account. No deposit needed.
To put this in perspective, certain established brokers currently have sign-up bonuses worth several thousand in extra trading capital. That is genuine money you can put to work from day one.
Things to Watch Out For Before Applying a Broker Partner Code
The main term is a lot requirement. You have to execute a certain volume before the bonus funds become yours to keep. This is entirely typical practice and does not need to put you off.
Additionally verify whether the bonus has an time limit, and what happens if you pull out your initial deposit before reaching the trading threshold. Many brokers will forfeit the bonus if you do this.
How to Activate a Broker Partner Code
The procedure is fairly straightforward. Source a working partner code from a trusted site. Go to your selected broker's registration page. Enter your details as normal. Enter the partner code in the partner code box. Complete your registration and place your initial deposit. The bonus will be credited straight away.
The entire process takes roughly five to ten minutes. No disadvantage to applying a working partner code with a regulated broker. Your trading conditions stay the same. You just start with bonus money in your account. Do not miss free capital on the table if all it takes is typing a code during sign-up.