If you've ever registered with a forex broker, you might have noticed a field requesting a partner code. A lot of people skip right past it. That is a missed opportunity, because applying the correct code unlocks a deposit bonus worth real money in free money.
A broker partner code is basically a referral code that you enter during account opening. After you complete your opening deposit, the broker adds additional capital in your trading account. The fees do not change. You just start with extra money to work with.
How to Get Verified Partner Codes for Brokers
Not all codes you see on the internet are valid. A lot of broker partner codes shared online are expired. Someone publishes a code when it is new and then moves on. Weeks later the code has expired but the article is still ranking in Google.
This is why dedicated directories are valuable. Sites that actively verify their codes prior to publishing them save you real wasted time. Use a site that tests codes on an ongoing basis, not just once when they are first posted.
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. A few brokers match up to 100 percent, which effectively doubles your opening capital.
Some brokers offer no-deposit bonuses — a modest amount, typically around 10 to 50 dollars, just for opening an account. No deposit necessary.
Practically speaking, several major brokers right now offer sign-up bonuses of several thousand in bonus funds. That is real capital you can trade with from day one.
What to Know Before Applying a Broker Partner Code
The standard requirement is a turnover requirement. You must trade a specified volume before the extra more information money become yours to keep. This is standard practice and should not scare you.
Additionally check if the bonus has an validity window, and what happens if you cash out your initial deposit prior to reaching the trading requirement. Many brokers will cancel the bonus if you do this.
Steps to Activate a Broker Partner Code
The process is fairly simple. Source a verified partner code from a reliable site. Visit your selected broker's sign-up page. Enter your information as usual. Paste the partner code in the promotional code box. Finish your registration and place your opening deposit. The bonus will be credited straight away.
The entire process takes about five to ten minutes. No negative to entering a working partner code with a regulated broker. Your trading conditions stay the same. You just start with extra capital in your account. There is no reason to skip extra money going to waste when all it takes is entering a code at sign-up.