If you've ever opened an account with a CFD broker, you might have seen a field requesting a partner code. Many new traders leave it blank. That is a missed opportunity, because entering the correct code gives you a deposit bonus of real money in extra money.
A broker partner code is essentially a referral code that you enter during sign-up. Once you place your opening deposit, the broker gives you additional capital into your trading account. The commissions are not affected. You just get extra funds to start with.
Where to Find Verified Partner Codes for Brokers
Not all codes you see on the internet actually work. A lot of broker partner codes shared online are no longer active. Someone publishes a code when it is first released and then forgets about it. Months later the code has been discontinued but the article is still up.
This is why specialised directories are valuable. Sites that regularly test their codes before listing them save you a lot of wasted time. Find a site that checks codes on an ongoing basis, not just once when they are first posted.
Different Bonuses On Offer Using a Partner Code
The most common type is the deposit match. You put in a minimum amount and the broker adds a percentage on top. Certain brokers match up to 100 %, which practically doubles your opening capital.
Some brokers offer no-deposit bonuses — a modest amount, often somewhere between 10 to 50 dollars, just for opening an account. No deposit required.
Practically speaking, certain major brokers currently run sign-up bonuses of several thousand in extra trading capital. That is real money you can use from day one.
What to Watch Out For Before Entering a Broker Partner Code
The standard term is a lot requirement. You need to trade a certain amount of trades before the bonus funds are made yours to keep. This is common across the industry and does not need to worry you.
Additionally look at if the bonus has an expiry date, and what happens if you withdraw your initial deposit before reaching the trading requirement. Many brokers will void the bonus if you do this.
Steps to Activate a Broker Partner Code
The process is pretty straightforward. Source a active the full report partner code from a trusted directory. Go to your selected broker's registration page. Complete your details as normal. Enter the partner code in the partner code box. Submit your registration and place your initial deposit. The bonus will be added automatically.
The entire thing takes roughly 5 to 10 minutes. No downside to entering a valid partner code with a regulated broker. Your spreads remain identical. You just get additional money in your account. There is no reason to skip extra money going to waste if all it requires is pasting a code during sign-up.