If you have ever signed up for a CFD broker, you might have come across a field asking for a partner code. Many people skip right past it. That is a missed opportunity, because applying the right code can get you a sign-up bonus of real money in extra cash.
A broker partner code is essentially a promo code that you input during sign-up. Once you make your initial deposit, the broker adds bonus funds in your trading account. Your trading conditions are not affected. You just get additional capital to work partner codes for brokers with.
How to Find Verified Partner Codes for Brokers
Not all codes you come across on the internet actually work. Most broker partner codes posted online are dead. Some website owner publishes a code when it is first released and then never checks it again. Six months later the offer has expired but the article is still ranking in Google.
This is why curated verification sites are worth using. Resources that actively test their codes before publishing them spare you considerable hassle. Find a site that verifies codes on an ongoing basis, not just when they first go up.
Different Bonuses On Offer With a Partner Code
The most common type is the deposit match. You put in a minimum amount and the broker adds a portion on top. Some brokers match up to 100 percent, which effectively doubles your starting funds.
There are also free bonuses — a token amount, typically around ten and fifty dollars, just for creating an account. No deposit necessary.
To put this in perspective, some major brokers currently run welcome bonuses of several thousand dollars. That is real money you can put to work from day one.
Things to Watch Out For Before Using a Broker Partner Code
The main requirement is a lot requirement. You need to execute a minimum number of lots before the extra money are made available for withdrawal. This is normal practice and should not worry you.
Additionally look at if the bonus has an validity window, and what happens if you withdraw your original deposit before reaching the volume target. Many brokers will cancel the bonus if you do this.
How to Apply a Broker Partner Code
This procedure is quite simple. Source a working partner code from a trusted site. Visit your selected broker's registration page. Fill in your details as usual. Type the partner code in the promotional code field. Submit your sign-up and make your first deposit. The bonus gets credited automatically.
The entire process should take maybe 5 to 10 minutes. There is no disadvantage to applying a working partner code with a licensed broker. The spreads stay the same. You just receive bonus money in your account. There is no reason to skip free funds unclaimed if all it requires is entering a code at registration.