If you've ever opened an account with a forex broker, you may have noticed a field requesting a partner code. A lot of new traders skip right past it. That is a missed opportunity, because using the correct code can get you a welcome bonus worth hundreds or even thousands in free funds.
A broker partner code is basically a referral code that you enter during registration. Once you make your initial deposit, the broker adds extra money into your live account. Your commissions remain unchanged. You just have more funds to work with.
Where to Find Active Partner Codes for Brokers
Not every codes you see through Google are still active. A lot of broker partner codes posted online are no longer active. Someone lists a code when it is new and then forgets about it. Six months later the offer has been discontinued but the article is still ranking in Google.
This is why dedicated directories are worth using. Resources that actively verify their codes prior to listing them save you a lot of hassle. Find a directory that verifies codes on a regular basis, not just when they first go up.
Different Bonuses You Can Get With a Partner Code
The most common type is the deposit match. You fund with a set amount and the broker credits a portion on top. Some brokers offer up to 100 percent, which effectively doubles your opening capital.
Some brokers offer sign-up bonuses — a token amount, usually around 10 to 50 dollars, just for registering an account. No deposit needed.
Practically speaking, certain established brokers currently have sign-up bonuses worth thousands of dollars. That is actual money you can put to work from day one.
Things to Know Before Entering a Broker Partner Code
The most common term is a lot requirement. You have to trade a certain amount of trades before the bonus become yours to keep. This is normal practice and does not need to scare you.
Additionally verify if the bonus has an expiry date, and what happens if you cash out your initial deposit prior to meeting the trading threshold. Most brokers will forfeit the bonus if you do this.
How to Apply a Broker Partner Code
This procedure is fairly straightforward. Find a working partner code from a reputable source. Visit your preferred broker's registration page. Complete your details as usual. Enter the partner code in the promo code field. Submit your sign-up and complete your opening deposit. The bonus will be added straight away.
The entire process takes roughly 5 to 10 minutes. No negative to using a verified partner code with a regulated broker. Your fees do not change. You just receive additional capital in your account. Do not leave bonus money on the visit site table when all it requires is typing a code at sign-up.