If you've ever opened an account with a trading broker, you might have come across a field asking for a partner code. Most new traders skip right past it. That is a mistake, because entering the correct code gives you a deposit bonus of hundreds or even thousands in extra trading capital.
A broker partner code is really just a referral code that you enter during registration. Once you make your initial deposit, the broker gives you extra money into your live account. The fees are not affected. You just have more money to trade with.
How to Source Working Partner Codes for Brokers
Not every codes you come across on the internet are valid. Most broker partner codes shared online are dead. A blogger lists a code when it is new and then forgets about it. Weeks later the promotion has expired but the post is still up.
That is the reason curated code sites are worth using. Directories that actively check their codes prior to publishing them save you real hassle. Look for a directory that tests codes on a regular basis, not just when they first go up.
Types of Bonuses Available With a Partner Code
The standard type is the matching bonus. You fund with a set amount and the broker credits a portion on top. A learn more here few brokers offer up to 100 percent, which practically doubles your opening capital.
Some brokers offer sign-up bonuses — a modest amount, often around ten and fifty dollars, just for registering an account. No deposit necessary.
In real terms, several well-known brokers right now run welcome bonuses up to several thousand in extra trading capital. That is genuine funds you can put to work from day one.
Things to Know Before Entering a Broker Partner Code
The standard term is a trading volume requirement. You have to complete a minimum number of lots before the bonus funds are made yours to keep. This is standard in the forex world and should not worry you.
Additionally verify if the bonus has an validity window, and what happens if you withdraw your initial deposit before meeting the volume target. Many brokers will cancel the bonus if you do this.
How to Apply a Broker Partner Code
This procedure is quite easy. Find a active partner code from a reputable source. Go to your selected broker's registration page. Fill in your details as usual. Type the partner code in the promo code field. Submit your registration and make your opening deposit. The bonus should be added automatically.
The entire thing should take about 5 to 10 minutes. There is no downside to applying a valid partner code with a reputable broker. Your trading conditions do not change. You just receive free money in your account. There is no reason to miss bonus money unclaimed if all it takes is typing a code during sign-up.