If you've ever signed up for a CFD broker, you have probably seen a box requesting a partner code. Most new traders ignore it completely. That is a missed opportunity, because applying the right code unlocks a welcome bonus worth real money in free cash.
A broker partner code is really just a promo code that you input during sign-up. Once you place your initial deposit, the broker gives you bonus funds in your trading account. The spreads are not affected. You just receive extra capital to trade with.
Where to Find Working Partner Codes for Brokers
Very few of the codes you find on the internet actually work. Many broker partner codes floating around online are expired. Someone lists a code when it is new and then never checks it again. Months later the promotion has expired but the page is still live.
This is why curated verification sites are valuable. Resources that actively check their codes prior to listing them spare you a lot of wasted time. Look for a source that verifies codes on an ongoing basis, not just when they first go up.
Types of Bonuses You Can Get Using a Partner Code
The standard type is the percentage match. You put in a minimum amount and the broker adds a percentage on top. Some brokers match up to 100 percent, which basically doubles your opening funds.
There are also no-deposit bonuses — a token amount, typically around ten and fifty dollars, just for opening an account. No deposit required.
To put this in perspective, several well-known brokers currently have welcome bonuses up to thousands of dollars. That is genuine money you can use from day one.
What to Watch Out For Before Using a Broker Partner Code
The standard condition is a turnover requirement. You need to execute a certain volume before the bonus become yours to keep. This is normal across the industry and should not worry you.
Also look at if the bonus has an validity window, and additional info what happens if you cash out your initial deposit prior to meeting the volume requirement. Most brokers will cancel the bonus if you do this.
How to Apply a Broker Partner Code
This procedure is quite easy. Get a active partner code from a reputable site. Go to your preferred broker's registration page. Enter your details as normal. Enter the partner code in the promotional code box. Submit your sign-up and make your first deposit. The bonus should be applied automatically.
The whole thing should take maybe 5 to 10 minutes. There is no disadvantage to using a working partner code with a regulated broker. Your fees remain identical. You just start with additional money in your account. There is no reason to miss free funds going to waste when all it requires is entering a code at sign-up.