If you have ever registered with a trading broker, you might have seen a field requesting a partner code. A lot of traders skip right past it. That is a missed opportunity, because using the right code can get you a sign-up bonus of real money in bonus money.
A broker partner code is really just a referral code that you input during sign-up. After you make your initial deposit, the broker adds additional capital in your live account. The trading conditions are not affected. You just get additional capital to start with.
Where to Source Active Partner Codes for Brokers
Not every codes you come across on the internet are still active. A lot of broker partner codes shared online are no longer active. Someone posts a code when it is new and then moves on. Six months later the promotion has expired but the post is still live.
That is the reason dedicated directories are worth using. Sites that actually verify their codes before listing them save you a lot of hassle. Look for a site that verifies codes on a regular basis, not just once when they are first posted.
Types of Bonuses Available Using a Partner Code
The standard type is the matching bonus. You deposit a minimum amount and the broker matches a percentage on top. Certain brokers match up to 100 %, which practically doubles your starting money.
There are also no-deposit bonuses — a token amount, typically somewhere between 10 to 50 dollars, just for opening an account. No deposit required.
To put this in perspective, certain well-known brokers right now offer sign-up bonuses of thousands of dollars. That is real funds you can use from day one.
Things to Watch Out For Before Using a Broker Partner Code
The most common requirement is a trading volume requirement. You have to trade a minimum number of lots before the extra money become withdrawable. This is common in the forex world and should not put you off.
Additionally check whether the bonus has an validity window, and what happens if you withdraw your initial deposit prior to hitting the trading target. Many brokers will cancel the bonus if you do this.
Steps to Apply a Broker Partner Code
The process is fairly easy. Get a working partner code from a reliable directory. Go to your preferred broker's registration page. Complete your information as normal. Paste the partner code in the promotional code field. Complete your registration and place your website initial deposit. The bonus gets credited automatically.
The entire process takes maybe a few minutes. There is no downside to applying a working partner code with a licensed broker. The spreads remain identical. You just receive additional money in your account. Do not skip bonus capital unclaimed when all it takes is entering a code at registration.