If you've ever opened an account with a trading broker, you might have seen a box requesting a partner code. A lot of new traders leave it blank. That is a missed opportunity, because entering the correct code can get you a sign-up bonus worth a significant amount in extra funds.
A broker partner code is essentially a promo code that you input during registration. Once you place your initial deposit, the broker adds bonus funds in your trading account. Your commissions stay the same. You just have additional capital to start with.
How to Get Active Partner Codes for Brokers
Very few of the codes you see on the internet are valid. Most broker partner codes floating around online are expired. Someone publishes a code when it is new and then forgets about it. Weeks later the promotion has ended but the page is still live.
That is the reason dedicated directories matter. Resources that actually check their codes prior to publishing them save you a lot of frustration. Look for a source that tests codes on an ongoing basis, not just once when they are first posted.
Different Bonuses You Can Get Through a Partner Code
The most common type is the percentage match. You deposit a minimum amount and the broker matches a percentage on top. Some brokers offer up to 100 percent, which effectively doubles your opening money.
There are also free bonuses — a modest amount, usually around ten and fifty dollars, just partner code for opening an account. No deposit required.
Practically speaking, certain established brokers right now have sign-up bonuses of several thousand dollars. That is real funds you can trade with from day one.
What to Know Before Applying a Broker Partner Code
The standard condition is a lot requirement. You must complete a specified number of lots before the extra money become withdrawable. This is normal in the forex world and should not put you off.
Additionally verify whether the bonus has an time limit, and what happens if you withdraw your initial deposit prior to reaching the volume target. Most brokers will cancel the bonus if you do this.
How to Activate a Broker Partner Code
The procedure is fairly simple. Get a working partner code from a reliable directory. Head to your preferred broker's registration page. Enter your details as usual. Paste the partner code in the promotional code box. Complete your sign-up and complete your initial deposit. The bonus gets applied straight away.
The entire thing should take roughly five to ten minutes. There is no disadvantage to applying a working partner code with a licensed broker. Your spreads stay the same. You just get extra funds in your account. There is no reason to miss bonus funds unclaimed when all it requires is pasting a code at sign-up.