If you've ever signed up for a forex broker, you might have noticed a field requesting a partner code. A lot of traders leave it blank. That is a missed opportunity, because applying the correct code unlocks a sign-up bonus of real money in free trading capital.
A broker partner code is really just a promo code that you enter during account opening. After you complete your initial deposit, the broker adds bonus funds in your trading account. The commissions do not change. You just start with additional capital to trade with.
Where to Get Verified Partner Codes for Brokers
Not every codes you find through Google are still active. A lot of broker partner codes floating around online are no longer active. A blogger lists a code when it is new and then never checks it again. Six months later the promotion has ended but the article is still live.
That is the reason dedicated code sites are worth using. Directories that actively check their codes before publishing them spare you real frustration. Use a site that tests codes on an ongoing basis, not just when they first go up.
Different Bonuses You Can Get With a Partner Code
The standard type is the matching bonus. You deposit a set amount and the broker adds a percentage on top. Certain brokers offer up to 100 %, which basically doubles your initial capital.
There are also no-deposit bonuses — a small amount, usually somewhere between ten and fifty dollars, just for registering an account. No deposit required.
Practically speaking, several established brokers right now offer sign-up bonuses of several thousand dollars. That is real funds you can put to work from day one.
Things to Be Aware Of Before Using a Broker Partner Code
The main term is a trading volume requirement. You have to trade a specified volume before the bonus funds are made yours to keep. This is normal in the forex world and should not worry you.
Additionally verify whether the bonus has an expiry date, and what happens if you cash out your initial deposit prior to reaching the trading threshold. Many brokers will cancel the bonus if you view details do this.
How to Apply a Broker Partner Code
This process is quite simple. Find a working partner code from a reliable site. Go to your preferred broker's sign-up page. Fill in your details as normal. Enter the partner code in the promotional code field. Finish your registration and complete your first deposit. The bonus will be added automatically.
The whole process takes about 5 to 10 minutes. There is no downside to entering a working partner code with a licensed broker. The fees remain identical. You just receive bonus money in your account. There is no reason to miss bonus money unclaimed when all it takes is typing a code during sign-up.