When you sign up for AvaTrade, you will see a box on the registration page that asks for a partner code. Many people leave it blank without realising what they are giving up. Applying the correct partner code unlocks a sign-up bonus that is worth up to thousands of dollars in extra money, based on how much you fund your account with.
The partner code will not alter your fees in any respect. Same spreads, unchanged fills, identical platforms. You just get free money in addition to your own deposit. It is essentially extra funds from the broker's advertising budget.
How Does the AvaTrade Partner Code Work
The system is straightforward. AvaTrade issues partner codes through their partnership network. When a prospective trader types in a working code during the account opening process, the broker's backend recognises it. After you make your first deposit, the welcome bonus gets added to your account automatically.
The actual bonus scales with your deposit amount. Larger deposits earn higher bonuses. Some deposit levels go up to thousands in promotional capital. The entire bonus goes right into your trading account and is traded with from day one.
Why AvaTrade Bothers With Partner Codes
It comes down to trader acquisition costs. Acquiring a new depositing trader costs a broker a fair amount in promotional budget. Giving a welcome bonus that brings in a client who then generates far more in fee income over their trading lifetime is good economics for the broker.
In other words it is not charity. It is a deliberate promotional cost for AvaTrade. But that is no problem for the client. The bonus is real capital you can put to work. Each side walks away with something worthwhile.
But Is AvaTrade Legitimately Regulated
Here is where AvaTrade does well from many rival brokers. They hold licences across nine countries globally. This includes tier-1 regulators like the Central Bank of Ireland, the Australian ASIC, and FSA Japan.
Global regulation of this scope is unusual among CFD brokers. The majority of brokers operate in one or two countries. AvaTrade being licensed in 9 offers a level of trust that few rivals can match.
They have been operating since 2006, which puts them nearly two decades in the market. That kind of history counts for something when you are handing a broker with your funds.
What Do You Really Trade on AvaTrade
AvaTrade provides access to a broad spread of tradable instruments. The primary asset classes cover:
Forex — more than 50 FX pairs covering the major pairs, crosses, and a selection of exotic pairs
Shares — contracts on individual shares from several markets
Commodities — including gold, oil, energy markets, and soft commodities
Indices — key stock indices like the S&P 500, FTSE, DAX, and more
Cryptocurrencies — BTC, Ethereum, and a selection of smaller digital tokens
ETFs — various exchange-traded funds
Fixed income — more info sovereign bond instruments
The market selection is better than average against most retail brokers. The majority of traders should find what they need with no need to needing a second broker account.
The Platforms Supported with AvaTrade
AvaTrade offers multiple trading platforms. The main platforms include:
MetaTrader 4 — the industry default for FX trading. Complete charting, automated indicators, Expert Advisors built in
MetaTrader 5 — the newer iteration with more asset classes and better strategy testing
WebTrader — browser-based trading with no installation required. Convenient for quick trading from any connected device
AvaTradeGO — the smartphone app for iPhone and Android. Intuitive layout with full trading functionality
AvaOptions — a purpose-built tool for forex vanilla options. Fairly niche among retail website brokers
In addition, AvaTrade supports social trading platforms such as DupliTrade and ZuluTrade for copy trading. You can mirror the positions of top-performing traders automatically via these platforms.
Things to Know About the Bonus Conditions
As with every broker promotional offer, expect requirements involved. The main one is a trading volume requirement. You need to trade a certain volume before the bonus becomes cashable.
That is typical across the forex space. Not a single licensed broker allows you to just sign up, grab the bonus, and pull everything out. You hit the volume target as normal, then the bonus is released as unrestricted money.
If you are regular traders, this is often hit during normal trading here activity without any special effort. It basically gives you extra money to trade with until you reach the requirements.
A few other details worth checking:
If the bonus has a validity period. Some bonus structures lapse if conditions are not met within a specified number of days
What happens to the bonus if you withdraw your original deposit prior to satisfying the trading target
If the bonus works across all asset classes or only specific ones
All of this is typical broker conditions. Just scan the conditions ahead of committing so you hit no unexpected catches later.
How to Enter the AvaTrade Partner Code
The process take a few minutes:
Head to the AvaTrade account opening page
Complete your registration details — name, email, contact details, country
Find the promotional code field on the sign-up form. It is generally labelled along the lines of "Have a partner code?" or "Partner code"
Enter the partner code into that box
Submit your registration and go through the account verification
Place your initial deposit. The promotional credit gets applied without further action based on the deposit bracket
A key point to be aware of: most brokers will not let you apply a partner code once the account is opened. Use it at the account opening process, not later. There is usually no way to retroactively add it after the account has been opened.
Is It Really Worth It to Using an AvaTrade Partner Code
In a word: absolutely. I see literally no drawback. Your account terms do not change. You just get bonus capital credited to your account on top of your own deposit.
A few minutes of work during registration for possibly significant amounts in additional trading cash. That is a worthwhile use of your time.
The only thing is using a active site rather than unverified web pages where codes could have stopped working. Verify the broker's regulatory status, read the bonus T and Cs, and apply the code during registration. That is genuinely all there is to it.