If you have ever signed up for a trading broker, you have probably noticed a field requesting a partner code. Many new traders ignore it completely. That is a bad move, because using the right code unlocks a welcome bonus worth a significant amount in extra cash.
A broker partner code is really just a promo code that you input during sign-up. After you complete your initial deposit, the broker adds extra money in your live account. Your trading conditions remain unchanged. You just receive additional funds to trade with.
Where to Source Verified Partner Codes for Brokers
Very few of the codes you come across online are valid. Most broker partner codes shared online are dead. Some website owner posts a code when it is first released and then forgets about it. Six months later the offer has ended but the page is still live.
This is why curated code sites are worth using. Sites that actively check their codes prior to publishing them save you a lot of frustration. Find a source that checks codes on an ongoing basis, not just once when they are first posted.
Different Bonuses Available With a Partner Code
By far the most popular type is the matching bonus. You deposit a set amount and the broker credits a percentage on top. Certain brokers other source offer up to 100 percent, which effectively doubles your initial money.
Some brokers offer free bonuses — a modest amount, usually somewhere between 10 to 50 dollars, just for opening an account. No deposit needed.
To put this in perspective, several major brokers right now have welcome bonuses of several thousand dollars. That is actual capital you can put to work from day one.
What to Watch Out For Before Entering a Broker Partner Code
The most common term is a turnover requirement. You have to execute a minimum volume before the bonus are made yours to keep. This is normal in the forex world and does not need to worry you.
Additionally look at whether the bonus has an expiry date, and what happens if you pull out your original deposit prior to reaching the volume threshold. Most brokers will forfeit the bonus if you do this.
How to Use a Broker Partner Code
This procedure is pretty straightforward. Source a working partner code from a trusted site. Go to your chosen broker's sign-up page. Complete your information as usual. Enter the partner code in the promotional code box. Submit your sign-up and complete your opening deposit. The bonus gets added straight away.
The entire thing takes about 5 to 10 minutes. No downside to applying a working partner code with a reputable broker. The fees remain identical. You just get bonus money in your account. Do not miss extra capital unclaimed if all it requires is pasting a code at registration.