If you've ever signed up for a forex broker, you may have come across a field asking for a partner code. Many traders skip right past it. That is a bad move, because using the correct code unlocks a sign-up bonus of real money in extra money.
A broker partner code is essentially a referral code that you enter during registration. After you place your initial deposit, the broker credits extra money in your trading account. The fees do not change. You just start with additional money to trade with.
Where to Get Valid Partner Codes for Brokers
Not every codes you see through Google are still active. Most broker partner codes shared online are outdated. A blogger lists a code when it is first released and then moves on. Six months later the promotion has been discontinued but the page is still ranking in Google.
This is why specialised directories are worth using. Sites that actively test their codes prior to listing them save you a lot of hassle. visit here Look for a source that verifies codes on a regular basis, not just once when they are first posted.
Different Bonuses Available With a Partner Code
The most common type is the deposit match. You deposit a certain amount and the broker matches a portion on top. A few brokers offer up to 100 %, which practically doubles your opening capital.
Some brokers offer sign-up bonuses — a small amount, typically somewhere between ten and fifty dollars, just for opening an account. No deposit required.
To put this in perspective, several well-known brokers currently run welcome bonuses worth several thousand dollars. That is real funds you can trade with from day one.
Things to Be Aware Of Before Using a Broker Partner Code
The main condition is a trading volume requirement. You need to trade a minimum amount of trades before the extra money are made yours to keep. This is entirely typical in the forex world and should not put you off.
Also look at if the bonus has an time limit, and what happens if you cash out your original deposit before hitting the volume requirement. Many brokers will cancel the bonus if you do this.
Steps to Use a Broker Partner Code
This process is fairly easy. Get a working partner code from a reliable source. Head to your chosen broker's sign-up page. Fill in your information as usual. Type the partner code in the promotional code field. Complete your registration and make your opening deposit. The bonus will be credited automatically.
The whole thing should take about a few minutes. There is no negative to entering a verified partner code with a regulated broker. Your spreads stay the same. You just get free funds in your account. There is no reason to skip extra capital going to waste when all it requires is pasting a code at sign-up.