If you have ever opened an account with a trading broker, you might have seen a box asking for a partner code. A lot of traders skip right past it. That is a missed opportunity, because entering the right code gives you a deposit bonus of a significant amount in free cash.
A broker partner code is really just a promotional code that you input during sign-up. After you place your opening deposit, the broker adds bonus funds in your live account. Your commissions do get more info not change. You just receive more money to trade with.
How to Source Valid Partner Codes for Brokers
Not all codes you see online actually work. Most broker partner codes floating around online are outdated. A blogger posts a code when it is new and then moves on. Six months later the offer has ended but the post is still ranking in Google.
This is why curated verification sites are worth using. Resources that regularly verify their codes prior to publishing them spare you a lot of frustration. Find a directory that tests codes on a regular basis, not just when they first go up.
Different Bonuses Available Using a Partner Code
The most common type is the deposit match. You put in a set amount and the broker credits a portion on top. Some brokers match up to 100 percent, which basically doubles your starting money.
There are also no-deposit bonuses — a small amount, usually around 10 to 50 dollars, just for creating an account. No deposit needed.
Practically speaking, some well-known brokers currently offer welcome bonuses up to several thousand in bonus funds. That is genuine money you can use from day one.
What to Know Before Applying a Broker Partner Code
The most common term is a lot requirement. You need to complete a certain amount of trades before the bonus are made available for withdrawal. This is entirely typical in the forex world and should not worry you.
Additionally verify if the bonus has an time limit, and what happens if you withdraw your original deposit before hitting the volume requirement. Many brokers will void the bonus if you do this.
Steps to Apply a Broker Partner Code
This procedure is pretty straightforward. Source a working partner code from a reliable directory. Go to your preferred broker's registration page. Complete your details as normal. Enter the partner code in the promo code field. Submit your sign-up and place your opening deposit. The bonus gets applied automatically.
The whole thing takes maybe five to ten minutes. No disadvantage to entering a working partner code with a reputable broker. The fees remain identical. You just get bonus capital in your account. Do not leave free funds going to waste when all it requires is entering a code at registration.