If you have ever registered with a trading broker, you might have noticed a field requesting a partner code. A lot of new traders ignore it completely. That is a missed opportunity, because using the right code gives you a welcome bonus worth real money in bonus trading capital.
A broker partner code is basically a referral code that you type the full details in during account opening. After you make your first deposit, the broker gives you extra money into your live account. Your fees are not affected. You just receive extra funds to work with.
How to Get Active Partner Codes for Brokers
Not every codes you come across online are valid. Most broker partner codes floating around online are no longer active. Some website owner posts a code when it is first released and then forgets about it. Weeks later the code has been discontinued but the page is still live.
That is the reason dedicated verification sites matter. Sites that actively test their codes prior to listing them save you real wasted time. Look for a source that verifies codes on a regular basis, not just when they first go up.
Different Bonuses On Offer Through a Partner Code
The most common type is the percentage match. You deposit a certain amount and the broker adds a portion on top. Some brokers match up to 100 percent, which basically doubles your starting funds.
Some brokers offer free bonuses — a modest amount, usually around ten and fifty dollars, just for creating an account. No deposit needed.
Practically speaking, some established brokers right now have sign-up bonuses up to several thousand in bonus funds. That is actual funds you can use from day one.
What to Know Before Entering a Broker Partner Code
The main term is a lot requirement. You need to complete a specified amount of trades before the bonus funds become available for withdrawal. This is standard in the forex world and does not need to worry you.
Additionally check whether the bonus has an expiry date, and what happens if you pull out your initial deposit before hitting the volume threshold. Many brokers will forfeit the bonus if you do this.
Steps to Apply a Broker Partner Code
The procedure is quite easy. Find a active partner code from a trusted source. Go to your selected broker's sign-up page. Fill in your details as normal. Paste the partner code in the promotional code box. Complete your sign-up and place your opening deposit. The bonus should be credited automatically.
The entire thing should take roughly five to ten minutes. No negative to using a verified partner code with a reputable broker. The fees remain identical. You just start with free funds in your account. There is no reason to leave bonus money going to waste if all it requires is typing a code during registration.