If you have ever registered with a forex broker, you might have come across a box asking for a partner code. Many traders skip right past it. That is a bad move, because applying the right code can get you a welcome bonus worth hundreds or even thousands in free cash.
A broker partner code is basically a promotional code that you type in during registration. After you make your initial deposit, the broker credits extra money into your live account. The trading conditions remain unchanged. You just have more capital to start with.
Where to Find Active Partner Codes for Brokers
Very few of the codes you see through Google are still active. Many broker partner codes floating around online are dead. Some website owner posts a code when it is first released and then never checks it again. Weeks later the promotion has been discontinued but the article is still up.
That is the reason dedicated verification sites are worth using. Resources that regularly test their codes prior to listing them save you real hassle. Use a source that checks codes on an ongoing basis, not just when they first go up.
Types of Bonuses Available Through a Partner Code
The standard type is the percentage match. You put in a certain amount and the broker adds a percentage on top. A few brokers offer up to 100 percent, which basically doubles your starting funds.
There are also sign-up bonuses — a small amount, often around ten and fifty dollars, just for opening an account. No deposit necessary.
In real terms, several major brokers currently run sign-up bonuses of thousands of dollars. That is real capital you can put to work from day one.
What to Be Aware Of Before Applying a Broker Partner Code
The most common requirement is a turnover requirement. You must complete a certain amount of trades before the bonus funds become available for withdrawal. This is standard across the industry and learn more does not need to put you off.
Also look at whether the bonus has an expiry date, and what happens if you pull out your original deposit before reaching the volume threshold. Many brokers will void the bonus if you do this.
Steps to Apply a Broker Partner Code
This procedure is quite straightforward. Source a verified partner code from a reputable site. Head to your selected broker's registration page. Complete your information as usual. Type the partner code in the partner code field. Finish your registration and make your opening deposit. The bonus will be applied on its own.
The entire thing takes about five to ten minutes. No downside to using a verified partner code with a reputable broker. Your trading conditions do not change. You just start with bonus money in your account. Do not skip extra money on the table if all it requires is typing a code during registration.