If you've ever opened an account with a CFD broker, you may have seen a field requesting a partner code. Most new traders leave it blank. That is a mistake, because entering the correct code unlocks a sign-up bonus worth real money in additional funds.
A broker partner code is essentially a promotional code that you input during sign-up. After you complete your opening deposit, the broker adds bonus funds in your live account. Your fees stay the same. You just start with additional money to start with.
How to Get Active Partner Codes for Brokers
Very few of the codes you find on the internet are still active. Most broker partner codes posted online are no longer active. Some website owner publishes a code when it is first released and then moves on. Months later the code has ended but the find more info page is still up.
This is why dedicated verification sites are valuable. Directories that regularly verify their codes before listing them save you considerable frustration. Use a directory that checks codes on a regular basis, not just when they first go up.
Different Bonuses You Can Get Through a Partner Code
The most common type is the matching bonus. You fund with a certain amount and the broker credits a portion on top. A few brokers match up to 100 %, which effectively doubles your initial capital.
Some brokers offer free bonuses — a token amount, usually somewhere between ten and fifty dollars, just for creating an account. No deposit required.
In real terms, several established brokers right now run sign-up bonuses of thousands of dollars. That is real funds you can trade with from day one.
What to Watch Out For Before Using a Broker Partner Code
The standard term is a turnover requirement. You have to execute a certain volume before the bonus funds are made available for withdrawal. This is normal practice and should not worry you.
Also check whether the bonus has an time limit, and what happens if you pull out your original deposit before hitting the trading target. Most brokers will cancel the bonus if you do this.
How to Use a Broker Partner Code
The process is fairly easy. Source a active partner code from a reputable site. Visit your selected broker's registration page. Fill in your details as usual. Paste the partner code in the partner code field. Complete your registration and place your first deposit. The bonus will be credited automatically.
The whole process takes roughly 5 to 10 minutes. No negative to entering a working partner code with a reputable broker. The trading conditions remain identical. You just start with additional money in your account. There is no reason to skip free funds unclaimed when all it requires is pasting a code at sign-up.