If you have ever signed up for a trading broker, you may have seen a field asking for a partner code. A lot of new traders skip right past it. That is a mistake, because using the right code unlocks a sign-up bonus worth hundreds or even thousands in free funds.
A broker partner code is basically a promo code that you type in during account opening. After you make your first deposit, the broker gives you additional capital in your live account. The fees do not change. You just start with more funds to trade with.
Where to Get Working Partner Codes for Brokers
Very few of the codes you see on the internet are valid. Most broker partner codes floating around online are no longer active. A blogger lists a code when it is new and then moves on. Months news later the promotion has ended but the page is still live.
This is why dedicated code sites matter. Directories that regularly test their codes prior to publishing them save you considerable wasted time. Use a directory that verifies codes on a regular basis, not just when they first go up.
Types of Bonuses On Offer With a Partner Code
The most common type is the matching bonus. You deposit a minimum amount and the broker credits a percentage on top. Some brokers match up to 100 percent, which effectively doubles your starting money.
There are also no-deposit bonuses — a small amount, often somewhere between ten and fifty dollars, just for creating an account. No deposit needed.
Practically speaking, several established brokers currently run welcome bonuses up to thousands of dollars. That is genuine capital you can use from day one.
Things to Know Before Entering a Broker Partner Code
The standard requirement is a lot requirement. You have to complete a minimum number of lots before the extra money are made available for withdrawal. This is entirely typical in the forex world and should not put you off.
Also check whether the bonus has an validity window, and what happens if you withdraw your initial deposit before reaching the trading threshold. Most brokers will forfeit the bonus if you do this.
How to Use a Broker Partner Code
The procedure is quite straightforward. Source a active partner code from a reputable site. Go to your preferred broker's sign-up page. Enter your details as normal. Paste the partner code in the promotional code box. Complete your sign-up and complete your first deposit. The bonus gets credited on its own.
The whole thing should take maybe 5 to 10 minutes. There is no downside to applying a valid partner code with a regulated broker. Your trading conditions stay the same. You just get additional funds in your account. There is no reason to skip extra money going to waste if all it takes is entering a code during sign-up.