If you've ever signed up for a forex broker, you have probably come across a field asking for a partner code. Most new traders skip right past it. That is a bad move, because applying the correct code unlocks a deposit bonus of hundreds or even thousands in additional cash.
A broker partner code is really just a promotional code that you type in during account opening. Once you complete your opening deposit, the broker gives you bonus funds into your live account. The fees are not affected. You just get more capital to work with.
Where to Get Verified Partner Codes for Brokers
Not every codes you see this article online are valid. A lot of broker partner codes posted online are outdated. Someone publishes a code when it is first released and then never checks it again. Months later the code has ended but the article is still up.
That is the reason curated verification sites are worth using. Directories that actively test their codes prior to listing them save you real wasted time. Use a directory that tests codes on an ongoing basis, not just once when they are first posted.
Different Bonuses Available Using a Partner Code
The standard type is the matching bonus. You deposit a certain amount and the broker credits a portion on top. A few brokers match up to 100 %, which basically doubles your initial capital.
Some brokers offer no-deposit bonuses — a token amount, often around ten and fifty dollars, just for registering an account. No deposit needed.
Practically speaking, some well-known brokers right now offer sign-up bonuses up to several thousand in bonus funds. That is actual money you can trade with from day one.
What to Be Aware Of Before Using a Broker Partner Code
The standard term is a lot requirement. You need to trade a minimum volume before the extra money become yours to keep. This is normal across the industry and does not need to worry you.
Additionally verify whether the bonus has an time limit, and what happens if you cash out your initial deposit before hitting the trading target. Most brokers will void the bonus if you do this.
Steps to Use a Broker Partner Code
The procedure is fairly simple. Find a working partner code from a reliable source. Head to your chosen broker's registration page. Fill in your information as normal. Type the partner code in the promotional code box. Submit your registration and make your initial deposit. The bonus gets credited on its own.
The whole thing takes about 5 to 10 minutes. There is no negative to entering a working partner code with a reputable broker. The spreads remain identical. You just receive free capital in your account. Do not miss extra money going to waste if all it takes is entering a code at sign-up.