Once you sign up for AvaTrade, there is a box on the registration form labelled a partner code. Most people ignore it without knowing what they are leaving behind. Entering the proper partner code activates a sign-up bonus that is worth up to thousands of dollars in extra trading capital, based on how much you put in.
The partner code will not affect your commissions in any respect. Unchanged spreads, same fills, same platforms. You only get bonus funds on top of your initial deposit. It's essentially bonus capital from the broker's advertising budget.
How Does the AvaTrade Partner Code System Work
The system is simple. AvaTrade generates partner codes through their affiliate network. When a new trader inputs a active code during the account opening process, the system registers it. Once you process your opening deposit, the bonus gets added to your account on its own.
The actual bonus depends on your deposit size. Larger deposits unlock higher bonuses. Certain deposit brackets can hit significant amounts in bonus funds. The full amount goes directly into your live account and is deployed immediately.
Why AvaTrade Gives Out Partner Codes
It comes down to customer acquisition costs. Getting a new live trader already costs a broker significant money in marketing costs. Offering a deposit bonus that brings in a customer who then delivers multiples in spread income over years is good business for the broker.
In other words it is not altruism. It is a deliberate marketing cost for AvaTrade. But it is no problem for you. The bonus is genuine capital you can use. Both party receives something worthwhile.
Is AvaTrade Legitimately Trustworthy
This is actually where AvaTrade stands out from most competing brokers. They hold regulatory oversight in nine regulatory bodies globally. That includes tier-1 bodies like the Central Bank of Ireland, ASIC in Australia, and FSA Japan.
Cross-border regulation at this level is rare among online brokers. The majority of brokers hold a licence in a single or a couple of countries. AvaTrade being regulated in that many adds a level of oversight that most other brokers can match.
They has been in business since 2006, which puts them almost two decades in the business. This level of longevity is relevant when you are trusting a broker with your deposits.
What Can You Really Trade on AvaTrade
AvaTrade offers a decent selection of financial markets. The primary categories are:
Forex — more than 50 currency pairs covering the majors, minor pairs, and several exotics
Shares — exposure to individual shares from multiple markets
Commodities — covering gold, oil, natural gas, and soft commodities
Indices — global stock indices like the S&P 500, FTSE, DAX, and more
Cryptocurrencies — BTC, Ethereum, and several smaller digital assets
ETFs — various popular ETF funds
Fixed income — sovereign bond instruments
The instrument range is competitive against most online brokers. Most traders should find sufficient coverage with no need to having another broker platform.
The Platforms Supported with AvaTrade
AvaTrade runs multiple execution platforms. The core choices include:
MetaTrader 4 — the global default for FX trading. Comprehensive charting, automated indicators, automated trading capability
MetaTrader 5 — the next-generation iteration with additional asset classes and enhanced strategy testing
WebTrader — web-based platform with no installation required. Good for on-the-fly execution from any machine
AvaTradeGO — the mobile app for iOS and Android. Clean interface with full trading capability
AvaOptions — a dedicated tool for forex vanilla options. Relatively uncommon among online brokers
In addition, AvaTrade connects to social trading platforms including DupliTrade and ZuluTrade for social trading. Traders can follow the trades of experienced traders automatically via those platforms.
Things to Know About the Bonus Terms
As with any trading promotional offer, expect conditions involved. The key one is a turnover requirement. You have to complete a set volume prior to the bonus becomes yours to keep.
This is typical across the forex space. Not a single regulated broker lets you just deposit, pocket the bonus, and cash out. You use the account as normal, then the bonus becomes real money.
For frequent traders, this is generally hit via regular trading habits with no need for any special effort. The bonus effectively gives you bonus money to trade with as you satisfy the conditions.
Some other details worth reviewing:
If the bonus has an expiry date. Certain bonus offers lapse if requirements are not met within a set window
What happens to your bonus funds if you withdraw your own funds prior to satisfying the volume threshold
If the bonus works across all instruments or only select ones
Every one of these is standard broker terms. Just check the bonus terms ahead of depositing so there are no confusion when you try to withdraw.
How to Activate the AvaTrade Partner Code
The process take about five minutes:
Visit the AvaTrade sign-up page
Complete your account info — your name, email, contact details, residence
Locate the promotional code input on the sign-up form. It is generally shown as along the lines of "Have a partner code?" or "Partner code"
Paste the partner code in that box
Finish your sign-up and go through the identity verification
Make your opening deposit. The promotional credit will be deposited without further action per the bonus bracket
The one thing to remember: the majority of brokers cannot allow you to apply a partner code after registration has been set up. Use it during the account opening process, not later. There is usually no method to go back and apply it after the account has been opened.
Is It Worth Use an AvaTrade Partner Code
In a word: yes. I see literally no disadvantage. Your spreads do not change. You only receive bonus funds credited to your account in addition to your own deposit.
A few minutes of work during sign-up for possibly hundreds or thousands in bonus trading money. By any measure that is a good exchange.
The only thing is getting your code website from a verified site rather than random listings where codes may have expired. Verify the broker's regulation, review the bonus T and Cs, and use the code at registration. That is honestly all there is to it.