If you've ever opened an account with a trading broker, you have probably come across a box asking for a partner code. A lot of people ignore it completely. That is a bad move, because applying the right code gives you a sign-up bonus worth real money in additional money.
A broker partner code is basically a promo code that you enter during registration. Once you place your opening deposit, the broker adds additional capital in your live account. Your trading conditions stay the same. You just start with more funds to work with.
Where to Find Working Partner Codes for Brokers
Not every codes you find through Google are still active. Many broker partner codes shared online are no longer active. A blogger publishes a code when it is new and then moves on. Six months later the promotion has been discontinued but the post is still ranking in Google.
That is the reason dedicated code sites matter. Directories that regularly test their codes prior to publishing them save you a lot of wasted time. Look for a source that tests codes on a regular basis, not just when they first go up.
Types of Bonuses On Offer Using a Partner Code
By far the most popular type is the matching bonus. You deposit a set amount and the broker credits a portion on top. Certain brokers match up to 100 %, which basically doubles your opening funds.
Some brokers offer free bonuses — a small amount, typically somewhere between ten and fifty dollars, just for opening an account. No deposit necessary.
In real terms, certain well-known brokers currently offer sign-up bonuses of thousands of in bonus funds. That is actual capital you can trade with from day one.
What to Be Aware Of Before Entering a Broker Partner Code
The standard requirement is a lot requirement. You must execute a certain amount of trades before the extra money are visit this site made yours to keep. This is common in the forex world and should not worry you.
Additionally verify whether the bonus has an time limit, and what happens if you pull out your original deposit prior to hitting the volume target. Many brokers will forfeit the bonus if you do this.
How to Apply a Broker Partner Code
The procedure is fairly straightforward. Find a working partner code from a trusted site. Visit your chosen broker's sign-up page. Complete your details as normal. Type the partner code in the promotional code box. Complete your sign-up and complete your opening deposit. The bonus gets added straight away.
The entire thing should take maybe five to ten minutes. No disadvantage to entering a working partner code with a regulated broker. Your spreads stay the same. You just start with additional funds in your account. There is no reason to miss extra capital unclaimed when all it requires is typing a code during sign-up.