If you have ever signed up for a forex broker, you might have noticed a box requesting a partner code. Most new traders ignore it completely. That is a mistake, because entering the correct code gives you a sign-up bonus worth a significant amount in bonus trading capital.
A broker partner code is essentially a promotional code that you input during sign-up. After you place your initial deposit, the broker credits extra money in your live account. Your trading conditions stay the same. You just get extra money to trade with.
How to Source Valid Partner Codes for Brokers
Very few of the codes you find through Google are valid. Many broker partner codes shared online are no longer active. Someone publishes a code when it is new and then moves on. Months later the promotion has expired but the page is still up.
That is the reason curated directories are valuable. Directories that actively verify their codes before listing them save you a lot of frustration. Look for a directory that tests codes on a regular basis, not just when they first go up.
Different Bonuses On Offer Using a Partner Code
The standard type is the deposit match. You put in a certain amount and the broker matches a percentage on top. Certain brokers offer up to 100 %, which effectively doubles your opening funds.
There are also free bonuses — a modest amount, typically somewhere between ten and fifty dollars, just for creating an account. No deposit required.
Practically speaking, several established brokers right now have sign-up bonuses worth several thousand dollars. That is genuine capital you can put to work from day one.
Things to Watch Out For Before Applying a Broker Partner Code
The most common term is a trading volume requirement. You must execute a specified number of lots before the bonus are made yours to keep. This is entirely typical in the forex world and should not scare you.
Also look at whether the bonus has additional reading an expiry date, and what happens if you pull out your initial deposit prior to meeting the volume target. Many brokers will void the bonus if you do this.
How to Apply a Broker Partner Code
The process is pretty easy. Find a verified partner code from a reputable source. Go to your selected broker's sign-up page. Enter your details as usual. Enter the partner code in the promo code field. Submit your registration and make your first deposit. The bonus will be applied on its own.
The whole process takes maybe a few minutes. No downside to using a working partner code with a reputable broker. The fees do not change. You just receive bonus money in your account. Do not skip bonus capital unclaimed if all it requires is entering a code at registration.