If you have ever signed up for a CFD broker, you might have noticed a box asking for a partner code. A lot of people leave it blank. That is a bad move, because entering the right code can get you a deposit bonus of real money in bonus cash.
A broker partner code is really just a promotional code that you enter during account opening. Once you make your first deposit, the broker gives you extra money in your trading account. Your trading conditions remain unchanged. You just get extra capital to start with.
Where to Get Verified Partner Codes for Brokers
Very few of the codes you find on the internet are valid. Many broker partner codes posted online are no longer active. Some website owner posts a code when it is first released and then forgets about it. Months later the promotion has been discontinued but the article is still live.
This is why specialised verification sites are worth using. Sites that actually verify their codes before listing them save you considerable hassle. Look for a site that checks codes on a regular basis, not just once when they are first posted.
Different Bonuses On Offer Using a Partner Code
The most webpage common type is the deposit match. You deposit a set amount and the broker credits a percentage on top. A few brokers offer up to 100 %, which effectively doubles your opening capital.
There are also sign-up bonuses — a modest amount, usually somewhere between 10 to 50 dollars, just for opening an account. No deposit needed.
To put this in perspective, certain established brokers currently run sign-up bonuses of several thousand in bonus funds. That is genuine capital you can trade with from day one.
Things to Watch Out For Before Entering a Broker Partner Code
The most common requirement is a lot requirement. You have to execute a certain volume before the bonus funds become withdrawable. This is standard across the industry and should not scare you.
Also look at if the bonus has an expiry date, and what happens if you cash out your original deposit prior to hitting the volume target. Many brokers will void the bonus if you do this.
Steps to Activate a Broker Partner Code
The process is fairly easy. Get a working partner code from a trusted site. Go to your preferred broker's registration page. Enter your information as usual. Enter the partner code in the promo code field. Complete your sign-up and complete your initial deposit. The bonus will be credited straight away.
The whole process takes roughly five to ten minutes. There is no negative to using a verified partner code with a regulated broker. The spreads do not change. You just receive extra capital in your account. There is no reason to leave free capital on the table when all it takes is pasting a code during sign-up.