How to Use Partner Codes for Online Brokers
If you've ever registered with a forex broker, you might have come across a box asking for a partner code. Most traders leave it blank. That is a bad move, because using the correct code unlocks a welcome bonus worth a significant amount in additional money.
A broker partner code is really just a promotional code that you input during registration. Once you complete your initial deposit, the broker credits bonus funds into your trading account. The spreads do not change. You just start with more capital to work with.
How to Find Valid Partner Codes for Brokers
Not every codes you see on the internet actually work. Most broker partner codes posted online are expired. Some website owner posts a code when it is first released and then never checks it again. Weeks later the offer has ended but the post is still ranking in Google.
That is the reason specialised verification sites are valuable. Resources that regularly verify their codes before publishing them save you real wasted time. Look for a site that tests codes additional info on a regular basis, not just when they first go up.
Types of Bonuses You Can Get Through a Partner Code
By far the most popular type is the matching bonus. You put in a set amount and the broker matches a portion on top. Certain brokers offer up to 100 %, which basically doubles your opening money.
Some brokers offer free bonuses — a modest amount, typically somewhere between 10 to 50 dollars, just for opening an account. No deposit required.
In real terms, several well-known brokers right now run sign-up bonuses of several thousand in extra trading capital. That is real money you can use from day one.
Things to Watch Out For Before Applying a Broker Partner Code
The most common condition is a trading volume requirement. You must trade a specified amount of trades before the extra money are made available for withdrawal. This is common across the industry and should not put you off.
Also check if the bonus has an time limit, and what happens if you pull out your original deposit prior to reaching the trading threshold. Most brokers will cancel the bonus if you do this.
How to Use a Broker Partner Code
This procedure is fairly straightforward. Find a working partner code from a reputable source. Visit your selected broker's registration page. Fill in your information as normal. Paste the partner code in the promo code field. Complete your registration and make your first deposit. The bonus will be added automatically.
The entire thing takes roughly five to ten minutes. No negative to entering a verified partner code with a reputable broker. Your trading conditions stay the same. You just start with additional capital in your account. There is no reason to miss free funds going to waste when all it requires is typing a code during registration.