If you have ever registered with a trading broker, you may have seen a box asking for a partner code. A lot of people skip right past it. That is a bad move, because using the right code can get you a deposit bonus of real money in additional money.
A broker partner code is basically a referral code that you enter during registration. Once you make your initial deposit, the broker gives you bonus funds into your live account. Your commissions stay the same. You just start with additional funds to start with.
Where to Source Active Partner Codes for Brokers
Not every codes you see online are valid. Many broker partner codes floating around online are outdated. Some website owner lists a code when it is first released and then forgets about it. Weeks later the offer has expired but the page is still live.
That is the reason specialised verification sites are worth using. Sites that actually check their codes prior to publishing them spare you considerable frustration. Look for a source that checks codes on an ongoing basis, not just when they first go up.
Types of Bonuses You Can Get Using information resource a Partner Code
The standard type is the percentage match. You put in a minimum amount and the broker credits a portion on top. Some brokers match up to 100 %, which effectively doubles your initial capital.
Some brokers offer no-deposit bonuses — a modest amount, usually around ten and fifty dollars, just for creating an account. No deposit needed.
Practically speaking, several major brokers right now run welcome bonuses worth several thousand in bonus funds. That is real capital you can put to work from day one.
Things to Watch Out For Before Using a Broker Partner Code
The main term is a lot requirement. You have to complete a certain number of lots before the extra money become withdrawable. This is common in the forex world and should not scare you.
Additionally verify if the bonus has an expiry date, and what happens if you cash out your original deposit before meeting the volume target. Most brokers will void the bonus if you do this.
How to Use a Broker Partner Code
This process is pretty easy. Find a active partner code from a trusted source. Head to your chosen broker's registration page. Fill in your information as normal. Type the partner code in the promotional code field. Submit your registration and complete your opening deposit. The bonus gets credited straight away.
The entire process takes about 5 to 10 minutes. There is no disadvantage to entering a working partner code with a reputable broker. Your spreads remain identical. You just start with additional funds in your account. Do not miss free money on the table if all it takes is entering a code during sign-up.