If you have ever signed up for a forex broker, you have probably come across a field requesting a partner code. Many traders skip right past it. That is a mistake, because entering the right code gives you a sign-up bonus worth hundreds or even thousands in extra money.
A broker partner code is basically a promotional code that you enter during account opening. After you make your initial deposit, the broker adds extra money into your trading account. Your fees do not change. You just have more capital to start with.
How to Source Working Partner Codes for Brokers
Not every codes you find through Google are still active. Most broker partner codes posted online are no longer active. Some website owner posts a code when it is new and then forgets about it. learn how Weeks later the code has been discontinued but the post is still ranking in Google.
This is why dedicated verification sites are worth using. Sites that actively check their codes before listing them spare you real frustration. Look for a source that verifies codes on an ongoing basis, not just once when they are first posted.
Different Bonuses Available Using a Partner Code
By far the most popular type is the deposit match. You deposit a minimum amount and the broker adds a percentage on top. Certain brokers offer up to 100 percent, which practically doubles your starting capital.
There are also free bonuses — a small amount, often around ten and fifty dollars, just for opening an account. No deposit needed.
Practically speaking, several major brokers right now have welcome bonuses up to thousands of dollars. That is real money you can trade with from day one.
What to Know Before Using a Broker Partner Code
The main requirement is a trading volume requirement. You have to execute a certain number of lots before the bonus funds become yours to keep. This is common practice and should not scare you.
Also verify whether the bonus has an validity window, and what happens if you withdraw your initial deposit before meeting the volume target. Many brokers will cancel the bonus if you do this.
Steps to Use a Broker Partner Code
This procedure is quite easy. Source a verified partner code from a reliable source. Visit your selected broker's sign-up page. Fill in your information as usual. Enter the partner code in the promotional code box. Finish your sign-up and make your initial deposit. The bonus gets credited straight away.
The entire process takes maybe a few minutes. There is no negative to using a valid partner code with a licensed broker. Your trading conditions stay the same. You just receive bonus funds in your account. There is no reason to leave bonus funds unclaimed if all it takes is entering a code during sign-up.