If you have ever opened an account with a trading broker, you might have noticed a field requesting a partner code. Most people skip right past it. That is a bad move, because applying the right code can get you a deposit bonus of hundreds or even thousands in additional trading capital.
A broker partner code is really just a promotional code that you input during registration. After you make your first deposit, the broker adds bonus funds into your live account. The spreads remain unchanged. You just get extra money to work with.
How to Find Verified Partner Codes for Brokers
Not every codes you come across online are still active. Many broker partner codes floating around online are expired. Some website owner lists a code when it is new and then forgets about it. Months later the code has ended but the article is still ranking in Google.
That is the reason dedicated code sites are valuable. Sites that actively test their codes prior to publishing them spare you considerable frustration. Look for a source that tests codes on an ongoing basis, not just when they first go up.
Types of Bonuses Available Through a Partner Code
By far the most popular type is the deposit match. You put in a minimum amount and the broker matches a portion on top. A few brokers offer up to 100 percent, which basically doubles your initial money.
There are also free bonuses — a token amount, often somewhere between 10 to 50 dollars, just for creating an account. No deposit needed.
Practically speaking, certain well-known brokers right now offer welcome bonuses worth several thousand dollars. That is actual capital you can put to work from day one.
Things to Know Before Using a Broker Partner Code
The most common condition is a turnover requirement. You have to execute a certain number of lots before the extra money are made withdrawable. This is normal in the forex world and does not need to worry you.
Also look at if the bonus has find more information an time limit, and what happens if you withdraw your initial deposit before meeting the volume target. Many brokers will void the bonus if you do this.
Steps to Activate a Broker Partner Code
The procedure is pretty simple. Source a verified partner code from a reliable site. Visit your chosen broker's registration page. Fill in your details as normal. Enter the partner code in the promotional code field. Finish your registration and make your opening deposit. The bonus should be added on its own.
The whole thing takes about five to ten minutes. There is no negative to applying a working partner code with a regulated broker. The trading conditions stay the same. You just start with bonus funds in your account. Do not skip extra money going to waste if all it takes is typing a code at registration.