If you have ever signed up for a forex broker, you might have come across a field requesting a partner code. A lot of people skip right past it. That is a mistake, because applying the correct code gives you a sign-up bonus of hundreds or even thousands in additional funds.
A broker partner code is essentially a referral code that you type in during registration. Once you complete your first deposit, the broker credits extra money in your live account. The spreads remain unchanged. You just receive extra money to trade with.
Where to Get Working Partner Codes for Brokers
Not all codes you come across online are still active. Most broker partner codes shared online are dead. Someone publishes a code when it is new and then moves on. Six months later the promotion has ended but the post is still ranking in Google.
This is why dedicated verification sites matter. Sites that actually check their codes prior to listing them spare you real wasted time. Find a directory that verifies codes on an ongoing basis, not just once when they are first posted.
Different Bonuses Available Through a Partner Code
The standard type is the matching bonus. You deposit a minimum amount and the broker adds a percentage on top. A few brokers match up to 100 percent, which practically doubles your opening capital.
There are also no-deposit bonuses — a small amount, usually around ten and fifty dollars, just for registering an account. No deposit necessary.
In real terms, certain established brokers right now have sign-up bonuses of several thousand in extra trading capital. That is actual capital you can put to work from day one.
What to Watch Out For Before Applying a Broker Partner Code
The main condition is a turnover requirement. You need to trade a minimum volume before the extra money become withdrawable. This is normal in the forex world and should not scare you.
Also look at whether the bonus has an time limit, and what happens if you pull out your initial deposit prior to hitting the volume requirement. Most brokers will cancel the bonus if you do this.
Steps to Activate a Broker Partner Code
The process is pretty easy. Get a active partner code from a reputable site. Go to your selected broker's registration page. Enter your details as normal. Enter the partner code in the promotional code box. Finish your read here sign-up and place your first deposit. The bonus will be applied automatically.
The whole process should take about a few minutes. No disadvantage to using a working partner code with a reputable broker. Your trading conditions remain identical. You just start with extra funds in your account. Do not skip free money on the table when all it requires is typing a code during registration.