If you have ever registered with a forex broker, you have probably come across a box requesting a partner code. Many new traders leave it blank. That is a mistake, because entering the correct code can get you a deposit bonus of a significant amount in additional money.
A broker partner code is basically a promo code that you enter during account opening. Once you place your first deposit, the broker credits additional capital into your trading account. The spreads do not change. You just get extra funds to start with.
Where to Get Active Partner Codes for Brokers
Not every codes you come across online are valid. Most broker partner codes shared online are dead. A blogger publishes a code when it is new and then never checks it again. Months later the promotion has ended but the post is still live.
That is the reason curated verification sites are worth using. Sites that actually test their codes prior to publishing them spare you real hassle. Use a source that checks codes on a regular basis, not just once when they are first posted.
Different Bonuses You Can Get Through a Partner Code
The standard type is the percentage match. You fund with a minimum amount and the broker credits a percentage on top. A few brokers offer up to 100 percent, which effectively doubles your opening capital.
Some brokers offer no-deposit bonuses — a modest amount, usually around ten and fifty dollars, just for opening an account. No deposit needed.
In real additional info terms, some established brokers currently offer sign-up bonuses worth several thousand dollars. That is actual capital you can trade with from day one.
Things to Watch Out For Before Using a Broker Partner Code
The most common term is a lot requirement. You must trade a minimum volume before the bonus funds become withdrawable. This is standard across the industry and does not need to scare you.
Additionally check whether the bonus has an validity window, and what happens if you cash out your original deposit before reaching the trading target. Many brokers will void the bonus if you do this.
Steps to Apply a Broker Partner Code
The procedure is quite easy. Find a verified partner code from a reputable site. Visit your chosen broker's sign-up page. Fill in your details as usual. Paste the partner code in the promo code box. Finish your sign-up and place your opening deposit. The bonus gets credited automatically.
The entire thing should take roughly a few minutes. No disadvantage to applying a working partner code with a reputable broker. The fees do not change. You just get additional funds in your account. Do not leave free money on the table when all it requires is typing a code at sign-up.