If you have ever signed up for a forex broker, you might have seen a field requesting a partner code. Many new traders skip right past it. That is a missed opportunity, because entering the correct code can get you a deposit bonus of a significant amount in additional money.
A broker partner code is essentially a referral code that you enter during account opening. After you complete your initial deposit, the broker gives you bonus funds into your trading account. Your commissions do not change. You just have additional capital to work with.
Where to Find Verified Partner Codes for Brokers
Not every codes you find online actually work. Many broker partner codes floating around online are dead. Someone lists a code when read full article it is first released and then forgets about it. Six months later the code has been discontinued but the article is still live.
This is why specialised directories matter. Sites that regularly test their codes prior to publishing them spare you considerable hassle. Use a source that tests codes on a regular basis, not just once when they are first posted.
Types of Bonuses On Offer With a Partner Code
The standard type is the percentage match. You fund with a certain amount and the broker adds a portion on top. A few brokers match up to 100 %, which effectively doubles your starting money.
Some brokers offer free bonuses — a token amount, typically around ten and fifty dollars, just for creating an account. No deposit necessary.
To put this in perspective, several well-known brokers currently have welcome bonuses of thousands of in extra trading capital. That is real capital you can use from day one.
Things to Know Before Using a Broker Partner Code
The most common condition is a turnover requirement. You have to trade a certain amount of trades before the extra money are made withdrawable. This is standard practice and does not need to scare you.
Additionally check whether the bonus has an validity window, and what happens if you withdraw your original deposit before hitting the trading requirement. Many brokers will void the bonus if you do this.
Steps to Apply a Broker Partner Code
The process is fairly easy. Find a active partner code from a reliable directory. Go to your preferred broker's sign-up page. Complete your information as normal. Paste the partner code in the partner code field. Complete your registration and make your opening deposit. The bonus should be applied automatically.
The entire process takes roughly a few minutes. No negative to applying a verified partner code with a reputable broker. The fees do not change. You just start with additional money in your account. There is no reason to leave free funds on the table if all it takes is entering a code during sign-up.