If you have ever signed up for a trading broker, you may have come across a box requesting a partner code. Many traders leave it blank. That is a mistake, because entering the correct code unlocks a sign-up bonus of a significant amount in additional cash.
A broker partner code is essentially a promotional code that you input during account opening. Once you place your initial deposit, the broker credits extra money into your live account. Your trading conditions stay the same. You just have additional funds to work with.
How to Get Working Partner Codes for Brokers
Very few of the 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 forgets about it. Months later the code has been discontinued but the post is still ranking in Google.
This is why curated verification sites are valuable. Resources that actively test their codes before publishing them save you real hassle. Use a directory that checks codes on a regular basis, not just when they first go up.
Different Bonuses On Offer With 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. A few brokers offer up to 100 %, which effectively doubles your opening capital.
Some brokers offer no-deposit bonuses — a token amount, typically somewhere between ten and fifty dollars, just for opening an account. No deposit necessary.
In real terms, several major brokers right now have sign-up bonuses worth thousands of dollars. That is actual money you can trade with from day one.
What to Be Aware Of Before Entering a Broker Partner Code
The main term is a turnover requirement. You have to execute a certain volume before the extra money are made available for withdrawal. This is entirely typical in the forex world and does not need to worry you.
Also verify whether the bonus has an time limit, and what happens if you withdraw your initial deposit before hitting the trading threshold. Most brokers will forfeit the bonus if you do this.
Steps to Apply a Broker Partner Code
The process is fairly easy. Source a working partner code from a reliable source. Go to your selected broker's sign-up page. Fill in your details as normal. Type the partner code in the partner code field. Complete your sign-up and make your initial deposit. The bonus gets applied automatically.
The entire thing should take maybe a few minutes. There is look at this no downside to entering a verified partner code with a reputable broker. The spreads do not change. You just get bonus funds in your account. There is no reason to miss extra capital on the table if all it requires is typing a code at registration.