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 doesn't charge 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. That's all it does.
What's the bonus amount?
A $1,000 deposit gets you $200.
$2,000 adds $400.
Deposits between $5,000 and $9,999 get $1,000.
Top tier is $14,000 on deposits over $100,000. Most people won't hit that.
UK traders funding in pounds start at £160 on £800. Top tier reaches £11,200.
Minimum to open an account is $100. Minimum for any bonus is $1,000.
The field is hidden
During registration. Below the phone field, look for small text that says "Have a 128979 Partner Code?" with an arrow next to it. Click it. The field expands. Type **128979**.
Easy to miss since it's collapsed by default.
If you see an error, it's fine. Finish signing up. Message your account manager before you deposit. Ask them to add code 128979. Standard practice for them.
You can't withdraw the bonus straight away
You need to trade a certain volume.
About 10,000 units for every dollar of bonus. $200 bonus requires 2,000,000 units of trading volume. Slower if you're trading micro lots. Regular trading gets you there sooner than you'd expect.
The deposit belongs to you. Withdraw it whenever you want. Only the bonus has the restriction.
Worth mentioning: the bonus adds to your available margin even when locked. This lets you take bigger positions. Newer traders benefit from that extra cushion.
AvaTrade overview
Licensed by six regulators: FCA, ASIC, CySEC, FSCA, FSA Japan, ADGM. Your funds are kept separate. They've been around since 2006.
Platform options: MT4, MT5, AvaTradeGO, WebTrader. Pick what suits you. One account for all platforms.
Spreads on EUR/USD begin at 0.9 pips. No commission on top.
Watch out for the inactivity fee. $50 per quarter if you don't trade for three months.
Suits these traders
Beginners wanting solid regulation and platform choice. People who like features like AvaProtect, which lets you insure a trade against loss for a small premium.
Look elsewhere if
Scalp traders. Spreads are decent but not the tightest. Heavy volume traders get better rates at ECN brokers.
Traders wanting real stock ownership. AvaTrade is CFDs only.
Traders based in the US. US clients aren't accepted.
Full breakdown
Everything explained in depth:
**[AvaTrade Partner Code 128979](https://www.linkedin.com/pulse/avatrade-partner-code-128979-tradetheday-ornac/)**