If you have ever signed up for a trading broker, you might have seen a field requesting a partner code. Most people ignore it completely. That is a missed opportunity, because using the right code unlocks a welcome bonus of hundreds or even thousands in extra cash.
A broker partner code is basically a promo code that you type in during account opening. After you place your opening deposit, the broker adds additional capital into your live account. Your spreads remain unchanged. You just start with additional money to work with.
Where to Get Valid Partner Codes for Brokers
Very few of the codes you come across through Google actually work. A lot of broker partner codes floating around online are no longer active. A blogger posts a code when it is new and then forgets about it. Months later the promotion has expired but the page is still up.
That is the reason specialised directories are valuable. Sites that regularly verify their codes before listing read more them spare you a lot of wasted time. Look for a site that verifies codes on an ongoing basis, not just once when they are first posted.
Different Bonuses You Can Get Through a Partner Code
By far the most popular type is the percentage match. You put in a set amount and the broker matches a portion on top. A few brokers match up to 100 percent, which basically doubles your initial capital.
There are also sign-up bonuses — a token amount, usually around 10 to 50 dollars, just for creating an account. No deposit required.
Practically speaking, certain major brokers right now offer sign-up bonuses up to thousands of in extra trading capital. That is actual capital you can trade with from day one.
What to Know Before Using a Broker Partner Code
The most common condition is a trading volume requirement. You must complete a specified volume before the bonus become available for withdrawal. This is normal across the industry and should not put you off.
Additionally check whether the bonus has an time limit, and what happens if you withdraw your initial deposit prior to hitting the volume threshold. Most brokers will cancel the bonus if you do this.
How to Use a Broker Partner Code
This procedure is quite simple. Source a active partner code from a trusted directory. Visit your selected broker's registration page. Enter your details as usual. Type the partner code in the partner code box. Finish your registration and complete your opening deposit. The bonus should be applied on its own.
The entire thing should take maybe 5 to 10 minutes. There is no negative to using a valid partner code with a regulated broker. Your fees stay the same. You just receive extra money in your account. Do not miss free funds unclaimed if all it requires is entering a code at sign-up.