Every few weeks someone asks me about partner codes. Usually the same question: do you get discounted fees or free trading?
Nope. AvaTrade has no commission on forex trades. You pay the spread. The spread is the fee. A partner code has no impact on spreads.
What 128979 does is unlock the welcome bonus. Additional trading capital depending on your deposit. Nothing more complicated than that.
How much bonus do you receive?
A $1,000 deposit gets you $200.
$2,000 gets you $400.
$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 accounts start at £160 for £800 deposited. Top tier reaches £11,200.
Minimum to open an account is $100. Minimum for any bonus is $1,000.
The code field isn't obvious
Registration page. Once you've filled in your phone number, there's a small link saying "Have a Partner Code?". Click the arrow. The field expands. Type **128979**.
Easy to miss since it's collapsed by default.
Sometimes it shows as invalid, don't worry. Go ahead and register anyway. Message your account manager before you deposit. Ask them to add code 128979. Standard practice for them.
The bonus has conditions
A trading volume condition applies.
Around 10,000 units per dollar of bonus. A $200 bonus means trading 2,000,000 units before that $200 unlocks. Takes a while if you trade small. Regular trading gets you there sooner than you'd expect.
Your own money stays yours. Take it out anytime. The bonus stays locked until you hit the volume.
Something useful to understand: while the bonus is locked, it still avatrade partner code counts toward your margin. Allows for slightly larger trades. That breathing room helps while you're learning.
Quick facts about AvaTrade
Six regulatory licenses: FCA, ASIC, CySEC, FSCA, FSA Japan, ADGM. Segregated client accounts. They've been around since 2006.
Platform options: MT4, MT5, AvaTradeGO, WebTrader. Choose based on preference. Your account syncs across platforms.
EUR/USD from 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. Anyone who wants the option to protect trades with AvaProtect.
Not ideal for
Scalp traders. The spreads are fine but not exceptional. Heavy volume traders get better rates at ECN brokers.
Traders wanting real stock ownership. AvaTrade is CFDs only.
Traders based in the US. They don't take US clients.
Full breakdown
I wrote a longer version covering everything in detail:
**[AvaTrade Partner Code 128979](https://www.linkedin.com/pulse/avatrade-partner-code-128979-tradetheday-ornac/)**