If you have ever registered with a forex broker, you might have come across a box asking for a partner code. A lot of people ignore it completely. That is a bad move, because entering the right code can get you a sign-up bonus of real money in free money.
A broker partner code is basically a promotional code that you enter during sign-up. After you make your initial deposit, the broker adds bonus funds in your trading account. The spreads remain unchanged. You just have extra money to start with.
Where to Get Active Partner Codes for Brokers
Not every codes you see on the internet are still active. Most broker partner codes shared online are outdated. A blogger posts a code when it is first released and then forgets about it. Six months later the code has expired but the page is still live.
This is why dedicated verification sites are worth using. Resources that regularly verify their codes prior to listing them save you real wasted time. Find a directory that tests codes on an ongoing basis, not just when they first go up.
Types of Bonuses On Offer With a Partner Code
The site standard type is the deposit match. You fund with a minimum amount and the broker adds a portion on top. Certain brokers match up to 100 %, which effectively doubles your initial funds.
There are also free bonuses — a small amount, usually around ten and fifty dollars, just for opening an account. No deposit needed.
Practically speaking, certain established brokers currently have welcome bonuses worth thousands of in bonus funds. That is actual funds you can trade with from day one.
Things to Be Aware Of Before Using a Broker Partner Code
The standard condition is a lot requirement. You must execute a certain amount of trades before the bonus become withdrawable. This is entirely typical across the industry and does not need to scare you.
Also verify whether the bonus has an expiry date, and what happens if you withdraw your initial deposit prior to reaching the volume target. Most brokers will cancel the bonus if you do this.
How to Apply a Broker Partner Code
The procedure is fairly simple. Find a working partner code from a reliable directory. Head to your preferred broker's sign-up page. Complete your information as normal. Type the partner code in the promotional code box. Complete your registration and make your initial deposit. The bonus should be added automatically.
The entire thing takes about five to ten minutes. No downside to entering a valid partner code with a licensed broker. Your trading conditions stay the same. You just start with extra money in your account. There is no reason to miss free capital unclaimed when all it requires is pasting a code at sign-up.