If you've ever registered with a trading broker, you have probably seen a box requesting a partner code. Many traders ignore it completely. That is a mistake, because using the right code unlocks a deposit bonus of hundreds or even thousands in bonus cash.
A broker partner code is really just a promo code that you input during sign-up. After you make your first deposit, the broker adds bonus funds into your live account. The trading conditions do not change. You just have additional funds to work with.
Where to Source Valid Partner Codes for Brokers
Not every codes you see through Google are valid. Most broker partner codes floating around online are expired. A blogger publishes a code when it is new and then forgets about it. Weeks later the promotion has expired but the article is still up.
That is the reason specialised verification sites are worth using. Resources that actively check their codes prior to listing them spare you a lot of wasted time. Find a site that checks codes on a regular basis, not just when they first go up.
Different Bonuses On Offer With a Partner Code
The standard type is the matching bonus. You put in a certain amount and the broker credits a portion on top. Certain brokers match up to 100 %, which effectively doubles your initial capital.
There are also free bonuses — a modest amount, typically somewhere between ten and fifty dollars, just for opening an account. No deposit needed.
In real terms, several major brokers right now run welcome bonuses worth several thousand dollars. That is actual money you can use from day one.
What to Be Aware Of Before Applying a Broker Partner Code
The most common term is a trading volume requirement. You must trade a minimum volume before the bonus funds become available for withdrawal. This is standard in the forex world and does not need to scare you.
Also verify if the bonus has an expiry date, and what happens if you withdraw your initial deposit prior to hitting the volume target. Most brokers will cancel the bonus if you do this.
How to Apply a Broker Partner Code
The procedure is fairly straightforward. Find a verified partner code from a reputable source. Visit your preferred broker's registration page. Complete your details as usual. Enter the partner code in the promotional code field. Finish your sign-up and make your opening deposit. The bonus will be added straight away.
The entire process takes maybe five to ten minutes. No downside to applying a working partner code with a reputable broker. The spreads do not change. You just get free money in your account. Do not skip extra funds going to learn more here waste when all it takes is entering a code at registration.