If you've ever registered with a trading broker, you may have come across a box requesting a partner code. A lot of new traders leave it blank. That is a bad move, because entering the correct code unlocks a sign-up bonus of real money in additional money.
A broker partner code is essentially a referral code that you input during account opening. After you complete your opening deposit, the broker adds additional capital into your live account. Your fees are not affected. You just get extra funds to trade with.
Where to Find Valid Partner Codes for Brokers
Not every codes you see on the internet are still active. Many broker partner codes shared online are expired. A blogger posts a code when it is new and then moves on. Weeks later the offer has ended but the article is still ranking in Google.
That is the reason specialised code sites are valuable. Directories that regularly test their codes before publishing them save you real frustration. Look for a site that verifies codes on a regular basis, not just when they first go up.
Types of Bonuses You Can Get Through a Partner Code
The standard type is the deposit match. You fund with a set amount and the broker credits a portion on top. Certain brokers match up to 100 %, which effectively doubles your opening money.
Some brokers offer free bonuses — a small amount, usually around 10 to 50 dollars, just for registering an account. No deposit needed.
To put this in perspective, certain major brokers currently run welcome bonuses of several thousand in bonus funds. That is actual funds you can trade with from day one.
Things to Watch Out For Before Using a Broker Partner Code
The standard term is a turnover requirement. You must execute a specified number of lots before the bonus funds become withdrawable. This is normal in the forex world and view site does not need to scare you.
Additionally verify whether the bonus has an validity window, and what happens if you withdraw your initial deposit before reaching the volume threshold. Many brokers will forfeit the bonus if you do this.
Steps to Apply a Broker Partner Code
The process is quite straightforward. Find a verified partner code from a reliable site. Go to your preferred broker's registration page. Fill in your details as normal. Paste the partner code in the partner code field. Submit your sign-up and place your opening deposit. The bonus should be credited automatically.
The whole thing should take roughly a few minutes. No negative to using a working partner code with a reputable broker. The spreads stay the same. You just start with free capital in your account. There is no reason to skip extra capital on the table when all it requires is typing a code during registration.