If you've ever signed up for a trading broker, you might have noticed a box requesting a partner code. A lot of people leave it blank. That is a missed opportunity, because entering the right code unlocks a welcome bonus worth hundreds or even thousands in additional money.
A broker partner code is essentially a promo code that you type in during registration. After you make your first deposit, the broker credits bonus funds in your live account. The spreads do not change. You just start with more funds to start with.
Where to Get Active Partner Codes for further reading Brokers
Not every codes you find online are still active. Many broker partner codes floating around online are dead. A blogger posts a code when it is first released and then forgets about it. Weeks later the offer has expired but the article is still live.
That is the reason specialised code sites are worth using. Sites that actively test their codes prior to listing them spare you considerable wasted time. Look for a directory that checks codes on an ongoing basis, not just when they first go up.
Types of Bonuses On Offer Using a Partner Code
By far the most popular type is the deposit match. You fund with a set amount and the broker credits a portion on top. Some brokers match up to 100 percent, which effectively doubles your starting funds.
There are also sign-up bonuses — a modest amount, usually around ten and fifty dollars, just for registering an account. No deposit required.
Practically speaking, some major brokers currently have sign-up bonuses up to several thousand in bonus funds. That is real capital you can trade with from day one.
Things to Know Before Applying a Broker Partner Code
The most common condition is a lot requirement. You must complete a specified volume before the extra money are made yours to keep. This is standard across the industry and should not put you off.
Additionally verify if the bonus has an validity window, and what happens if you cash out your initial deposit prior to reaching the volume requirement. Many brokers will forfeit the bonus if you do this.
How to Use a Broker Partner Code
This process is quite straightforward. Find a working partner code from a trusted source. Go to your preferred broker's registration page. Enter your information as usual. Type the partner code in the partner code box. Complete your registration and complete your opening deposit. The bonus will be credited automatically.
The whole thing should take maybe a few minutes. There is no disadvantage to entering a working partner code with a licensed broker. The fees do not change. You just start with extra funds in your account. Do not miss bonus money on the table if all it requires is typing a code during registration.