If you've ever signed up for a forex broker, you may have seen a box requesting a partner code. A lot of new traders ignore it completely. That is a missed opportunity, because entering the right code gives you a welcome bonus worth a significant amount in additional trading capital.
A broker partner code is basically a promo code that you enter during account opening. After you complete your initial deposit, the broker adds bonus funds in your live account. The spreads stay the same. You just get extra capital to trade with.
Where to Source Valid Partner Codes for Brokers
Not all codes you find on the internet are still active. Most broker partner codes shared online are outdated. Someone lists a code when it is first released and then moves on. Weeks later the promotion has been discontinued but the article is still live.
This is why dedicated directories are worth using. Resources that actively verify their codes prior to listing them save you a lot of frustration. Find a source that checks codes on a regular basis, not just once when they are first posted.
Types of Bonuses On Offer With a Partner Code
The standard type is the percentage match. You put in a certain amount and the broker credits a portion on top. Some brokers match up to 100 %, which basically doubles your opening capital.
Some brokers offer no-deposit bonuses — a token amount, typically somewhere between ten and fifty dollars, just for creating an account. No deposit needed.
Practically speaking, some established brokers currently offer welcome bonuses up to several thousand in extra trading capital. That is actual funds you can put to work from day one.
Things to Watch Out For Before Applying a Broker Partner Code
The most common condition is a trading volume requirement. You have to trade a certain number of lots before the extra money become withdrawable. This is common across the industry and does not need to scare you.
Additionally check if the bonus has an validity window, and what happens if you withdraw your original deposit prior to reaching the trading threshold. Many brokers will forfeit the bonus if you do this.
Steps to Use a Broker Partner Code
The process is quite visit easy. Find a working partner code from a trusted directory. Head to your preferred broker's registration page. Complete your details as usual. Enter the partner code in the promotional code box. Submit your sign-up and place your initial deposit. The bonus will be added automatically.
The whole thing should take about 5 to 10 minutes. No downside to using a working partner code with a licensed broker. The trading conditions stay the same. You just start with free capital in your account. There is no reason to miss free money on the table if all it requires is entering a code during registration.