If you've ever opened an account with a trading broker, you might have noticed a field asking for a partner code. Most traders skip right past it. That is a missed opportunity, because applying the correct code can get you a welcome bonus worth real money in bonus cash.
A broker partner code is really just a promo code that you type in during account opening. After you make your first deposit, the broker gives you additional capital into your live account. Your trading conditions do not change. You just receive additional capital to trade with.
How to Get Working Partner Codes for Brokers
Very few of the codes you come across online are still active. Many broker partner codes floating around online are dead. Someone publishes a code when it is first released and then moves on. Six months later the promotion has expired but the post is still live.
This is why dedicated directories are worth using. Directories that actually check their codes prior to publishing them save you real wasted time. Find a site that checks codes on a regular basis, not just once when they are first posted.
Different Bonuses On Offer Using a Partner Code
The standard type is the percentage match. You put in a minimum amount and the broker credits a portion on top. Some brokers match up to 100 percent, which basically doubles your initial funds.
Some brokers offer sign-up bonuses — a modest amount, typically somewhere between ten and fifty dollars, just for opening an account. No deposit required.
In real terms, some established brokers right now have sign-up bonuses up to several thousand in extra trading capital. That is genuine capital you can trade with from day one.
What to Know Before Entering a Broker Partner Code
The main requirement is a trading volume requirement. You need to trade a minimum amount of trades before the extra money become withdrawable. This is entirely typical in the forex world and should not worry you.
Additionally look at if the bonus has an time limit, and what happens if you withdraw your original deposit before meeting the volume target. Most brokers will forfeit the bonus if you do this.
Steps to Activate a Broker Partner Code
The procedure is fairly straightforward. Find a verified partner code from a reliable directory. Visit your chosen broker's sign-up page. Fill in your information as other source usual. Paste the partner code in the partner code box. Finish your sign-up and complete your opening deposit. The bonus will be added on its own.
The entire process should take roughly five to ten minutes. There is no negative to using a verified partner code with a regulated broker. The trading conditions do not change. You just get bonus money in your account. There is no reason to miss extra funds going to waste if all it takes is entering a code during sign-up.