If you have ever signed up for a trading broker, you have probably seen a box requesting a partner code. Many new traders leave it blank. That is a mistake, because using the correct code gives you a sign-up bonus worth real money in bonus money.
A broker partner code is really just a promo code that you type in during account opening. Once you make your first deposit, the broker gives you bonus funds into your live account. Your spreads are not affected. You just receive more money to trade with.
Where to Find Verified Partner Codes for Brokers
Not all codes you find on the internet are valid. A lot of broker partner codes floating around online are expired. Some website owner publishes a code when it is first released and then forgets about it. Weeks later the offer has expired like this but the article is still live.
That is the reason specialised code sites are valuable. Sites that actively verify their codes prior to publishing them spare you real hassle. Use a directory that checks codes on an ongoing basis, not just when they first go up.
Different Bonuses You Can Get With a Partner Code
By far the most popular type is the matching bonus. You deposit a minimum amount and the broker matches a percentage on top. Certain brokers match up to 100 percent, which practically doubles your starting funds.
Some brokers offer no-deposit bonuses — a modest amount, typically somewhere between 10 to 50 dollars, just for opening an account. No deposit needed.
To put this in perspective, several established brokers currently have welcome bonuses of thousands of dollars. That is genuine money you can put to work from day one.
Things to Be Aware Of Before Applying a Broker Partner Code
The most common term is a trading volume requirement. You have to complete a specified volume before the extra money become withdrawable. This is common in the forex world and does not need to scare you.
Additionally check whether the bonus has an time limit, and what happens if you cash out your initial deposit before meeting the trading threshold. Many brokers will void the bonus if you do this.
Steps to Apply a Broker Partner Code
The process is pretty straightforward. Find a active partner code from a reputable site. Visit your selected broker's registration page. Enter your details as usual. Paste the partner code in the partner code box. Submit your registration and place your opening deposit. The bonus should be credited automatically.
The entire thing should take about a few minutes. No downside to using a verified partner code with a regulated broker. The spreads remain identical. You just receive bonus money in your account. Do not leave bonus money unclaimed if all it requires is entering a code at registration.