If you have ever opened an account with a forex broker, you have probably noticed a field asking for a partner code. Many people skip right past it. That is a missed opportunity, because entering the right code can get you a sign-up bonus worth a significant amount in free funds.
A broker partner code is basically a promo code that you enter during account opening. After you complete your initial deposit, the broker gives you additional capital into your trading account. The commissions remain unchanged. You just start with extra money to work with.
How to Source Working Partner Codes for Brokers
Not all codes you come across online are still active. Many broker partner codes posted online are expired. Someone publishes a code when it is first released and then moves on. Weeks later the promotion has been discontinued but the post is still ranking in Google.
That is the reason dedicated verification sites are valuable. Resources that actually verify their codes before publishing them save you considerable wasted time. Find a directory that checks codes on a regular basis, not just when they first go up.
Different Bonuses On Offer With a Partner Code
The standard type is the percentage match. You deposit a minimum amount and the broker credits a percentage on top. A few brokers offer up to 100 percent, which effectively doubles your starting capital.
Some brokers offer no-deposit bonuses — a token amount, usually somewhere between 10 to 50 dollars, just for registering an account. No deposit needed.
In real terms, several useful resource well-known brokers currently offer sign-up bonuses of thousands of in bonus funds. That is actual money you can put to work from day one.
What to Know Before Applying a Broker Partner Code
The standard requirement is a lot requirement. You have to complete a specified amount of trades before the extra money are made withdrawable. This is standard across the industry and does not need to worry you.
Additionally check if the bonus has an time limit, and what happens if you cash out your initial deposit before meeting the volume requirement. Most brokers will cancel the bonus if you do this.
Steps to Activate a Broker Partner Code
The process is pretty straightforward. Get a working partner code from a reliable source. Go to your chosen broker's registration page. Fill in your details as usual. Enter the partner code in the partner code box. Finish your registration and complete your opening deposit. The bonus will be applied automatically.
The whole thing takes maybe 5 to 10 minutes. There is no negative to applying a verified partner code with a licensed broker. The fees do not change. You just get additional money in your account. Do not skip extra capital going to waste when all it takes is typing a code during registration.