Every few weeks someone asks me about partner codes. Usually the same question: do you get discounted fees or free trading?
Short answer: no. AvaTrade has no commission on forex trades. You pay the spread. The spread is the fee. A partner code won't affect it.
Code 128979 unlocks the deposit bonus. Additional trading capital depending on your deposit. Nothing more complicated than that.
How much bonus do you receive?
Put in $1,000, receive $200 bonus.
Deposit $2,000 for $400 bonus.
$5,000-$9,999 earns you $1,000 bonus.
Maximum bonus is $14,000 for deposits above $100,000. Most people won't hit that.
UK traders funding in pounds start at £160 on £800. Scales up to £11,200 maximum.
Minimum to open an account is $100. Bonus requires $1,000 minimum.
The code field isn't obvious
Registration page. Below the phone field, you'll see small text reading "Have a Partner Code?". Click the arrow. A text box appears. Type **128979**.
Easy to miss since it's collapsed by default.
If you see an error, it's fine. Complete your registration. Contact support before funding. Tell them you want 128979 applied. They do this manually all the time.
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. Regular trading gets you there sooner than you'd expect.
Your own money stays yours. Withdraw it whenever you want. Only the bonus has the restriction.
Worth mentioning: 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. Your funds are kept separate. Operating since 2006.
Platform options: MT4, MT5, AvaTradeGO, WebTrader. Pick what suits you. Same account works across all of them.
EUR/USD from 0.9 pips. No commission on top.
Be aware of the inactivity charge. Three months without trading costs $50.
Who this works 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.
Who should look elsewhere
Scalpers. Spreads are decent but not the tightest. Heavy volume traders get better rates at AvaTrade Partner Code - 128979 ECN brokers.
Anyone who wants to own actual shares. It's CFD trading only.
Traders based in the US. Not available in the United States.
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/)**