If you've ever registered with a trading broker, you may have come across a field asking for a partner code. A lot of new traders skip right past it. That is a missed opportunity, because applying the correct code can get you a welcome bonus worth hundreds or even thousands in free cash.
A broker partner code is really just a promo code that you type in during sign-up. After you make your opening deposit, the broker adds additional capital in your trading account. The spreads stay the same. You just get extra money to work with.
Where to Find Active Partner Codes for Brokers
Not every codes you see through Google actually work. Many broker partner codes floating around online are dead. Some website owner publishes a code when it is new and then moves on. Weeks later the code has been discontinued but the page is still live.
This is why specialised directories are worth using. Resources that actually test their codes before listing them save you real hassle. Find a source that tests codes on an ongoing basis, not just once when they are first posted.
Different Bonuses On Offer With a Partner Code
The most common type is the deposit match. You deposit a set amount and the broker adds a portion on top. Certain brokers match up to 100 %, which basically doubles your starting capital.
There are also free bonuses — a modest amount, often around 10 to 50 dollars, just for opening an account. No deposit required.
In real terms, some established recommended site brokers currently run sign-up bonuses up to thousands of in bonus funds. That is real funds you can put to work from day one.
Things to Be Aware Of Before Using a Broker Partner Code
The most common requirement is a trading volume requirement. You have to complete a specified number of lots before the bonus funds are made withdrawable. This is entirely typical in the forex world and does not need to worry you.
Additionally look at if the bonus has an validity window, and what happens if you pull out your original deposit prior to hitting the trading target. Many brokers will cancel the bonus if you do this.
Steps to Activate a Broker Partner Code
This process is fairly straightforward. Find a working partner code from a trusted directory. Head to your chosen broker's registration page. Enter your information as normal. Paste the partner code in the partner code box. Submit your sign-up and place your first deposit. The bonus will be applied automatically.
The entire thing should take roughly five to ten minutes. No negative to using a working partner code with a reputable broker. The trading conditions do not change. You just start with extra funds in your account. Do not skip free capital unclaimed if all it takes is typing a code during registration.