Someone asks me about partner codes every couple of weeks. Always the same thing: 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 won't affect it.
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.
Deposit $2,000 for $400 bonus.
$5,000-$9,999 earns you $1,000 bonus.
Top tier is $14,000 on deposits over $100,000. Not many traders reach that level.
UK traders funding in pounds start at £160 on £800. Goes to £11,200 at the top.
You can open an account with $100. Bonus requires $1,000 minimum.
The field is hidden
When you're signing up. After you enter your more info phone number, there's a small link saying "Have a Partner Code?". Click on that text. The field expands. Type **128979**.
Easy to miss since it's collapsed by default.
Sometimes it shows as invalid, don't worry. Finish signing up. Contact support before funding. Request partner code 128979 be added. They do this manually all the time.
There's a catch with the bonus
A trading volume condition applies.
About 10,000 units for every dollar of bonus. A $200 bonus means trading 2,000,000 units before that $200 unlocks. Takes a while if you trade small. Happens faster than you'd think if you're active.
Your own money stays yours. Take it out anytime. Bonus funds remain locked until volume is met.
One thing worth knowing: locked bonus funds still contribute to your margin. Allows for slightly larger trades. Newer traders benefit from that extra cushion.
AvaTrade in brief
Licensed by six regulators: FCA, ASIC, CySEC, FSCA, FSA Japan, ADGM. Segregated client accounts. Operating since 2006.
Platform options: MT4, MT5, AvaTradeGO, WebTrader. Use whichever you like. Same account works across all of them.
Spreads on EUR/USD begin at 0.9 pips. Commission-free.
Note the dormancy fee. Three months without trading costs $50.
Suits these traders
Beginners wanting solid regulation and platform choice. Anyone who wants the option to protect trades with AvaProtect.
Skip this if
High-frequency traders. Good spreads but not ECN-level. ECN options offer lower costs for big volume.
Those looking to buy actual equities. AvaTrade is CFDs only.
US residents. They don't take US clients.
More details
Full guide with all the details here:
**[AvaTrade Partner Code 128979](https://www.linkedin.com/pulse/avatrade-partner-code-128979-tradetheday-ornac/)**