Every few weeks someone asks me about partner codes. Usually the same question: do they give you free trades or discounted spreads?
Short answer: no. AvaTrade charges zero commission on forex. You pay the spread. The spread is here the fee. A partner code won't affect it.
Partner code 128979 gets you access to the deposit bonus. Extra funds in your account based on how much you put in. Simple as that.
How much bonus do you receive?
Put in $1,000, receive $200 bonus.
$2,000 adds $400.
$5,000 to $9,999 adds $1,000.
Maximum bonus is $14,000 for deposits above $100,000. Most people won't hit that.
UK accounts start at £160 for £800 deposited. Goes to £11,200 at the top.
Account minimum is $100. Minimum for any bonus is $1,000.
The code field isn't obvious
During registration. Below the phone field, look for small text that says "Have a Partner Code?" with an arrow next to it. Click the arrow. A text box appears. Type **128979**.
People overlook it constantly because it's hidden.
Sometimes it shows as invalid, don't worry. Go ahead and register anyway. Message your account manager before you deposit. Tell them you want 128979 applied. They handle this regularly.
The bonus has conditions
A trading volume condition applies.
Around 10,000 units per dollar of bonus. You'd need to trade 2,000,000 units to unlock a $200 bonus. Takes a while if you trade small. Active traders hit it quicker than expected.
Your deposit is yours. Access it whenever you need. Only the bonus has the restriction.
Worth mentioning: while the bonus is locked, it still counts toward your margin. Allows for slightly larger trades. Newer traders benefit from that extra cushion.
AvaTrade in brief
Six regulatory licenses: FCA, ASIC, CySEC, FSCA, FSA Japan, ADGM. Segregated client accounts. Operating since 2006.
Platform options: MT4, MT5, AvaTradeGO, WebTrader. Pick what suits you. Your account syncs across platforms.
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. Anyone who wants the option to protect trades with AvaProtect.
Skip this if
Scalp traders. Good spreads but not ECN-level. Heavy volume traders get better rates at ECN brokers.
Traders wanting real stock ownership. AvaTrade is CFDs only.
Traders based in the US. They don't take US clients.
More details
I wrote a longer version covering everything in detail:
**[AvaTrade Partner Code 128979](https://www.linkedin.com/pulse/avatrade-partner-code-128979-tradetheday-ornac/)**