Every few weeks someone asks me about partner codes. Usually the same question: do they give you free trades or discounted spreads?
No. AvaTrade has no commission on forex trades. You pay the spread. That's your trading cost. A partner code has no impact on spreads.
Code 128979 unlocks the deposit bonus. Bonus money added to your account based on deposit size. That's all it does.
How much do you get?
$1,000 deposit adds $200.
Put in $2,000, get $400.
$5,000-$9,999 earns you $1,000 bonus.
Deposit $100,000+ and you can get up to $14,000. That's for serious capital.
UK accounts start at £160 for £800 deposited. Top tier reaches £11,200.
Minimum to open an account is $100. But you need $1,000 to qualify for bonus.
The field is hidden
Registration page. Below the phone field, there's a small link saying "Have a Partner Code?". Click on that text. The field expands. Type **128979**.
People overlook it constantly because it's hidden.
Sometimes it shows as invalid, don't worry. Complete your registration. Message your account manager before you deposit. Request partner code 128979 be added. They do this manually all the time.
The bonus has conditions
A trading volume condition applies.
Roughly 10,000 units traded per $1 bonus. $200 bonus requires 2,000,000 units of trading volume. Can take time with smaller position sizes. Active traders hit it quicker than expected.
Your own money stays yours. Take it out anytime. Only the bonus has the restriction.
Something useful to understand: locked bonus funds still contribute to your margin. Allows for slightly larger trades. Newer traders benefit from that extra cushion.
Quick facts about AvaTrade
Regulated by six bodies: FCA, ASIC, CySEC, FSCA, FSA Japan, ADGM. Segregated client accounts. In business since 2006.
Platform options: MT4, MT5, AvaTradeGO, WebTrader. Choose based on preference. Your account syncs across platforms.
EUR/USD from 0.9 pips. Zero commission.
Note the dormancy fee. $50 more info per quarter if you don't trade for three months.
Who this works for
Newer traders who want decent regulation and multiple platform options. Traders interested in AvaProtect trade insurance.
Skip this if
Scalpers. Spreads are decent but not the tightest. ECN brokers will beat them on cost if you're trading high volume.
Traders wanting real stock ownership. AvaTrade is CFDs only.
US residents. US clients aren't accepted.
Complete guide
I wrote a longer version covering everything in detail:
**[AvaTrade Partner Code 128979](https://www.linkedin.com/pulse/avatrade-partner-code-128979-tradetheday-ornac/)**