Every few weeks someone asks me about partner codes. Always the same thing: can you get free trades or lower spreads?
Nope. AvaTrade has no commission on forex trades. You pay the spread. The spread is the fee. A partner code won't affect it.
What 128979 does is unlock the welcome bonus. Additional trading capital depending on your deposit. Simple as that.
What's the bonus amount?
Put in $1,000, receive $200 bonus.
Deposit $2,000 for $400 bonus.
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.
British traders get £160 bonus on £800 deposits. Goes to £11,200 at the top.
You can open an account with $100. But you need $1,000 to qualify for bonus.
Where to enter the code
When you're signing up. Below the phone field, look for small text that says "Have a Partner Code?" with an arrow next to it. Click on that text. A field drops down. Type **128979**.
People overlook it constantly because it's hidden.
If the system rejects it, don't panic. Complete your registration. Message your account manager before you deposit. Ask them to add code 128979. They do this manually all the time.
Bonus withdrawal conditions
There's a volume requirement.
Around 10,000 units get more info per dollar of bonus. $200 bonus requires 2,000,000 units of trading volume. Takes a while if you trade small. Regular trading gets you there sooner than you'd expect.
The deposit belongs to you. Access it whenever you need. Only the bonus has the restriction.
Worth mentioning: the bonus adds to your available margin even when locked. You can hold larger positions than your deposit alone would allow. Newer traders benefit from that extra cushion.
AvaTrade in brief
Regulated by six bodies: FCA, ASIC, CySEC, FSCA, FSA Japan, ADGM. Client funds sit in segregated accounts. They've been around since 2006.
Platform options: MT4, MT5, AvaTradeGO, WebTrader. Use whichever you like. One account for all platforms.
EUR/USD spread starts at 0.9 pips. Commission-free.
Note the dormancy fee. $50 quarterly after 3 months inactive.
Who this works for
Newer traders who want decent regulation and multiple platform options. Traders interested in AvaProtect trade insurance.
Skip this if
Scalp traders. The spreads are fine but not exceptional. Heavy volume traders get better rates at ECN brokers.
Anyone who wants to own actual shares. It's CFD trading only.
American traders. US clients aren't accepted.
More details
Everything explained in depth:
**[AvaTrade Partner Code 128979](https://www.linkedin.com/pulse/avatrade-partner-code-128979-tradetheday-ornac/)**