If you've ever registered with a forex broker, you have probably come across a box asking for a partner code. A lot of new traders leave it blank. That is a mistake, because using the correct code unlocks a welcome bonus of a significant amount in additional funds.
A broker partner code is really just a referral code that you enter during account opening. After you complete your first deposit, the broker gives you additional capital into your trading account. Your spreads stay the same. You just get additional capital to start with.
Where to Find Valid Partner Codes for Brokers
Not every codes you find through Google are still active. Many broker partner codes posted online are expired. Some website owner publishes a code when it is new and then moves on. Weeks later the code has ended but the page is still live.
That is the reason curated code sites are valuable. Resources that actually verify their codes before publishing them spare you real frustration. Look for a directory that checks codes on an ongoing basis, not just once when they are first posted.
Types of Bonuses Available Through a Partner Code
By far the most popular type is the percentage match. You fund with a set amount and the broker adds a percentage on top. A few brokers offer up to 100 %, which practically doubles your starting money.
Some brokers offer free bonuses — a token amount, often around ten and fifty dollars, just for creating an account. No deposit required.
In real terms, several well-known brokers currently run sign-up bonuses of several thousand in extra trading capital. That is genuine capital you can use from day one.
What to Be Aware Of Before Entering a Broker Partner Code
The main term is a trading volume requirement. You need to trade a specified volume before the extra money are made available for withdrawal. This is common practice and should not put you off.
Also verify if the bonus has an time limit, and what happens if you pull out your original deposit prior to hitting the volume threshold. Many brokers will void 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 directory. Head to your selected broker's registration page. Complete your details as normal. Type the partner code in the promotional code field. Submit your sign-up review and complete your initial deposit. The bonus gets added automatically.
The entire thing should take about a few minutes. There is no disadvantage to using a working partner code with a reputable broker. Your spreads stay the same. You just receive bonus funds in your account. Do not miss bonus funds on the table if all it requires is pasting a code during sign-up.