Every few weeks someone asks me about partner codes. Always the same thing: do they give you free trades avatrade partner code or discounted spreads?
Nope. AvaTrade doesn't charge commission on forex. You pay the spread. That's your trading cost. A partner code won't affect it.
Partner code 128979 gets you access to the deposit bonus. Bonus money added to your account based on deposit size. Simple as that.
Bonus amounts?
Put in $1,000, receive $200 bonus.
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 traders funding in pounds start at £160 on £800. Goes to £11,200 at the top.
Account minimum is $100. Bonus requires $1,000 minimum.
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.
If you see an error, it's fine. Go ahead and register anyway. Message your account manager before you deposit. Ask them to add code 128979. They handle this regularly.
There's a catch with the bonus
There's a volume requirement.
Roughly 10,000 units traded per $1 bonus. A $200 bonus means trading 2,000,000 units before that $200 unlocks. Takes a while if you trade small. Active traders hit it quicker than expected.
The deposit belongs to you. Access it whenever you need. Bonus funds remain locked until volume is met.
Something useful to understand: the bonus adds to your available margin even when locked. Allows for slightly larger trades. That breathing room helps while you're learning.
AvaTrade in brief
Regulated by six bodies: FCA, ASIC, CySEC, FSCA, FSA Japan, ADGM. Segregated client accounts. In business since 2006.
Platform options: MT4, MT5, AvaTradeGO, WebTrader. Use whichever you like. Your account syncs across platforms.
Spreads on EUR/USD begin at 0.9 pips. Zero commission.
Note the dormancy fee. Three months without trading costs $50.
Good fit for
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.
Skip this if
High-frequency traders. The spreads are fine but not exceptional. Heavy volume traders get better rates at ECN brokers.
Anyone who wants to own actual shares. No real share ownership here.
American traders. US clients aren't accepted.
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/)**