Every few weeks someone asks me about partner codes. Same question every time: can you get free trades or lower spreads?
Short answer: no. AvaTrade has no commission on forex trades. You pay the spread. That's the cost. A partner code doesn't change that.
What 128979 does is unlock the welcome bonus. Extra funds in your account based on how much you put in. Simple as that.
How much do you get?
Put in $1,000, receive $200 bonus.
$2,000 gets you $400.
$5,000-$9,999 earns you $1,000 bonus.
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. Goes to £11,200 at the top.
You can open an account with $100. Minimum for any bonus is $1,000.
Finding the partner code field
Registration page. 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**.
Easy to miss since it's collapsed by default.
If the system rejects it, don't panic. Complete your registration. Contact support before funding. Request partner code avatrade partner code 128979 be added. Standard practice for them.
There's a catch with the bonus
You need to trade a certain volume.
Around 10,000 units per dollar of bonus. A $200 bonus means trading 2,000,000 units before that $200 unlocks. Slower if you're trading micro lots. Active traders hit it quicker than expected.
Your deposit is yours. Access it whenever you need. The bonus stays locked until you hit the volume.
Worth mentioning: while the bonus is locked, it still counts toward your margin. This lets you take bigger positions. That breathing room helps while you're learning.
AvaTrade in brief
Six regulatory licenses: FCA, ASIC, CySEC, FSCA, FSA Japan, ADGM. Your funds are kept separate. Operating since 2006.
You get MT4, MT5, AvaTradeGO mobile app, and WebTrader. Choose based on preference. Same account works across all of them.
EUR/USD from 0.9 pips. Zero commission.
Watch out for the inactivity fee. $50 per quarter if you don't trade for three months.
Ideal for
Newer traders who want decent regulation and multiple platform options. People who like features like AvaProtect, which lets you insure a trade against loss for a small premium.
Not ideal for
Scalp traders. Good spreads but not ECN-level. ECN brokers will beat them on cost if you're trading high volume.
Anyone who wants to own actual shares. It's CFD trading only.
US residents. They don't take US clients.
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/)**