If you've ever registered with a trading broker, you might have seen a box requesting a partner code. Many new traders skip right past it. That is a mistake, because entering the correct code gives you a sign-up bonus of a significant amount in additional funds.
A broker partner code is basically a referral code that you enter during registration. Once you make your opening full report deposit, the broker gives you additional capital into your trading account. The trading conditions remain unchanged. You just start with extra capital to start with.
How to Find Working Partner Codes for Brokers
Very few of the codes you see online actually work. Most broker partner codes shared online are expired. Someone posts a code when it is first released and then forgets about it. Months later the code has expired but the page is still live.
This is why curated directories are valuable. Directories that actually verify their codes before listing them save you real hassle. Use a directory that verifies codes on an ongoing basis, not just when they first go up.
Different Bonuses You Can Get With a Partner Code
The most common type is the percentage match. You fund with a minimum amount and the broker adds a percentage on top. Some brokers match up to 100 %, which basically doubles your initial money.
There are also no-deposit bonuses — a token amount, typically around ten and fifty dollars, just for opening an account. No deposit required.
Practically speaking, certain major brokers currently run welcome bonuses worth several thousand in extra trading capital. That is real funds you can trade with from day one.
Things to Know Before Entering a Broker Partner Code
The main term is a lot requirement. You need to complete a minimum amount of trades before the bonus are made yours to keep. This is entirely typical in the forex world and should not put you off.
Also look at whether the bonus has an time limit, and what happens if you withdraw your initial deposit prior to reaching the trading target. Most brokers will cancel the bonus if you do this.
Steps to Apply a Broker Partner Code
The procedure is pretty straightforward. Get a working partner code from a reliable site. Head to your preferred broker's sign-up page. Enter your details as normal. Type the partner code in the promo code field. Complete your registration and make your initial deposit. The bonus gets applied automatically.
The entire process takes roughly 5 to 10 minutes. There is no disadvantage to applying a verified partner code with a licensed broker. The trading conditions stay the same. You just get extra capital in your account. There is no reason to leave free money going to waste when all it takes is entering a code at sign-up.