If you have ever registered with a trading broker, you may have come across a field asking for a partner code. A lot of people skip right past it. That is a bad move, because using the right code can get you a welcome bonus worth a significant amount in bonus trading capital.
A broker partner code is essentially a referral code that you enter during account opening. Once you make your opening deposit, the broker adds additional capital in your live account. Your trading conditions do not change. You just start with extra funds to trade with.
How to Get Active Partner Codes for Brokers
Not every codes you see online actually work. A lot of broker partner codes posted online are dead. Someone posts a code when it is new and then moves on. Weeks later the code has expired but the page is still live.
That is the reason dedicated code sites are valuable. Sites that actually verify their codes before publishing them spare you a lot of hassle. Find a site that verifies codes on an ongoing basis, not just once when they are first posted.
Different Bonuses Available Using a Partner Code
The most common type is the deposit match. You fund with a minimum amount and the broker adds a percentage on top. Some brokers match up to 100 %, which practically doubles your initial money.
Some brokers offer no-deposit bonuses — a small amount, typically somewhere between ten and fifty dollars, just for creating an account. No deposit needed.
Practically speaking, certain established brokers right now have sign-up bonuses of several thousand in extra trading capital. That is real money you can trade with from day one.
What to Watch Out For Before Entering a Broker Partner Code
The most common requirement is a trading read this article volume requirement. You must execute a specified number of lots before the bonus become available for withdrawal. This is common practice and should not put you off.
Additionally verify if the bonus has an expiry date, and what happens if you withdraw your initial deposit prior to hitting the trading threshold. Most brokers will cancel the bonus if you do this.
Steps to Activate a Broker Partner Code
This procedure is pretty simple. Find a active partner code from a reliable directory. Visit your chosen broker's registration page. Fill in your information as normal. Type the partner code in the promotional code box. Submit your registration and complete your initial deposit. The bonus gets credited on its own.
The whole thing takes about five to ten minutes. No negative to applying a valid partner code with a reputable broker. The trading conditions remain identical. You just receive additional money in your account. Do not leave extra capital unclaimed if all it takes is pasting a code at sign-up.