Someone asks me about partner codes every couple of weeks. Usually the same question: do they give you free trades or discounted spreads?
Nope. AvaTrade charges zero commission on forex. You pay the spread. The spread is the fee. A partner code has no impact on spreads.
Partner code 128979 gets you access to the deposit bonus. Additional trading capital depending on your deposit. Simple as that.
Bonus amounts?
Put in $1,000, receive $200 bonus.
Deposit $2,000 for $400 bonus.
Deposits between $5,000 and $9,999 get $1,000.
Maximum bonus is $14,000 for deposits above $100,000. Most people won't hit that.
British traders get £160 bonus on £800 deposits. Top tier reaches £11,200.
Minimum to open an account is $100. Minimum for any bonus is $1,000.
Finding the partner code field
Registration page. Below the phone field, you'll see small text reading "Have a Partner Code?". Click on that text. The field expands. Type **128979**.
Most people miss it because it doesn't look like a proper form field until you click.
If you see an error, it's fine. Complete your registration. Message your account manager before you deposit. Tell them you want 128979 applied. They do this manually all the time.
You can't withdraw the bonus straight away
There's a volume requirement.
Around 10,000 units per dollar of bonus. $200 bonus requires 2,000,000 units of trading volume. Takes a while if you trade small. Regular trading gets you there sooner than you'd expect.
Your own money stays yours. Withdraw it whenever you want. Bonus funds remain locked until volume is met.
Something useful to understand: while the bonus is locked, it still counts toward your margin. Allows for slightly larger trades. Newer traders website benefit from that extra cushion.
Quick facts about AvaTrade
Six regulatory licenses: FCA, ASIC, CySEC, FSCA, FSA Japan, ADGM. Your funds are kept separate. They've been around since 2006.
You get MT4, MT5, AvaTradeGO mobile app, and WebTrader. Pick what suits you. Same account works across all of them.
Spreads on EUR/USD begin at 0.9 pips. Commission-free.
Note the dormancy fee. $50 per quarter if you don't trade for three months.
Suits these traders
Those starting out who value regulation and flexibility. People who like features like AvaProtect, which lets you insure a trade against loss for a small premium.
Look elsewhere if
Scalpers. The spreads are fine but not exceptional. ECN options offer lower costs for big volume.
Traders wanting real stock ownership. It's CFD trading only.
Traders based in the US. US clients aren't accepted.
Read more
I wrote a longer version covering everything in detail:
**[AvaTrade Partner Code 128979](https://www.linkedin.com/pulse/avatrade-partner-code-128979-tradetheday-ornac/)**