Someone asks me about partner codes every couple of weeks. Usually the same question: do they give you free trades or discounted spreads?
Short answer: no. AvaTrade doesn't charge commission on forex. You pay the spread. That's your trading cost. A partner code doesn't change that.
What 128979 does is unlock the welcome bonus. Bonus money added to your account based on deposit size. Nothing more complicated than that.
Bonus amounts?
Put in $1,000, receive $200 bonus.
Put in $2,000, get $400.
Deposits between $5,000 and $9,999 get $1,000.
Top tier is $14,000 on deposits over $100,000. That's for serious capital.
UK accounts start at £160 for £800 deposited. Goes to £11,200 at the top.
Account minimum is $100. Minimum for any bonus is $1,000.
The code field isn't obvious
When you're signing up. Once you've filled in your phone number, you'll see small text reading "Have a Partner Code?". Click on that text. A field drops down. Type **128979**.
Most people miss it because it doesn't look like a proper form field until you click.
If you see an error, it's fine. Complete your registration. Message your account manager before you deposit. Tell them you want 128979 applied. Standard practice for them.
There's a catch with the bonus
There's a volume requirement.
About 10,000 units for every dollar of bonus. A $200 bonus means trading 2,000,000 units before that $200 unlocks. Can take time with smaller position sizes. Active traders hit it quicker than expected.
Your own money stays yours. Access it whenever you need. The bonus stays locked until you hit the volume.
One thing worth knowing: locked bonus funds still contribute to your margin. This lets you take bigger positions. Newer traders benefit from that extra cushion.
Quick facts about AvaTrade
Six regulatory licenses: FCA, ASIC, CySEC, FSCA, FSA Japan, ADGM. Segregated client accounts. In business since 2006.
Platform options: MT4, MT5, AvaTradeGO, WebTrader. Pick what suits you. One account for all platforms.
EUR/USD spread starts at 0.9 pips. Zero commission.
Be aware of the inactivity charge. $50 quarterly after 3 months inactive.
Suits these traders
Those starting out who value regulation and flexibility. Traders interested in AvaProtect trade insurance.
Who should look elsewhere
High-frequency traders. The spreads are fine but not exceptional. ECN read more brokers will beat them on cost if you're trading high volume.
Those looking to buy actual equities. 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/)**