Understanding Partner Codes for Forex Trading
If you've ever opened an account with a CFD broker, you might have seen a box requesting a partner code. Most traders skip right past it. That is a mistake, because using the right code can get you a sign-up bonus worth real money in free funds.
A broker partner code is really just a referral code that you input during registration. Once you complete your first deposit, the broker adds bonus funds into your trading account. Your trading conditions do not change. You just receive extra funds to trade with.
Where to Get Working Partner Codes for Brokers
Not every codes you see through Google are still active. Many broker partner codes shared online are no longer active. A blogger lists a code when it is first released and then never checks it again. Weeks later the offer has expired but the post is still up.
That is the reason specialised directories matter. Directories that actually test their codes prior to publishing them spare you real wasted time. Use a source that checks codes on an ongoing basis, not just once when they are first posted.
Different Bonuses Available Through 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. Certain brokers offer up to 100 %, which practically doubles your starting capital.
Some brokers offer no-deposit bonuses — a modest amount, often around ten and fifty dollars, just for opening an account. No deposit necessary.
In real terms, certain major brokers right now offer sign-up bonuses of several thousand in bonus funds. That is actual capital you can put to work from day one.
Things to Be Aware Of Before Using a Broker Partner Code
The standard requirement is a lot requirement. You have to trade a certain number of lots before the extra money are made available for withdrawal. This is normal in the forex world and should not scare you.
Additionally look at if the bonus has an validity window, and what happens if you withdraw your initial deposit prior to further reading meeting the volume requirement. Most brokers will forfeit the bonus if you do this.
How to Use a Broker Partner Code
The process is fairly easy. Find a working partner code from a trusted directory. Visit your chosen broker's sign-up page. Fill in your information as normal. Paste the partner code in the promotional code box. Complete your sign-up and make your first deposit. The bonus gets credited on its own.
The whole process should take roughly a few minutes. There is no negative to entering a verified partner code with a reputable broker. The spreads do not change. You just start with additional capital in your account. Do not miss bonus funds on the table when all it requires is entering a code at sign-up.