A Guide to Partner Codes for Online Trading
If you've ever opened an account with a forex broker, you may have seen a box requesting a partner code. Most new traders skip right past it. That is a bad move, because applying the right code unlocks a deposit bonus of a significant amount in bonus funds.
A broker partner code visit this is essentially a referral code that you type in during registration. After you complete your initial deposit, the broker gives you bonus funds in your live account. The commissions remain unchanged. You just have extra money to work with.
How to Source Verified Partner Codes for Brokers
Not all codes you find on the internet are valid. Many broker partner codes shared online are expired. Someone posts a code when it is new and then never checks it again. Six months later the offer has expired but the page is still live.
This is why dedicated directories matter. Resources that actively check their codes before listing them save you real frustration. Find a directory that verifies codes on an ongoing basis, not just when they first go up.
Types of Bonuses You Can Get Using a Partner Code
The most common type is the percentage match. You deposit a minimum amount and the broker credits a percentage on top. Certain brokers offer up to 100 %, which basically doubles your starting funds.
Some brokers offer sign-up bonuses — a small amount, typically somewhere between ten and fifty dollars, just for creating an account. No deposit required.
To put this in perspective, some well-known brokers right now offer welcome bonuses worth thousands of in bonus funds. That is actual money you can put to work from day one.
What to Be Aware Of Before Entering a Broker Partner Code
The main condition is a trading volume requirement. You need to trade a specified volume before the bonus are made yours to keep. This is entirely typical in the forex world and should not scare you.
Additionally check whether the bonus has an time limit, and what happens if you cash out your original deposit before reaching the trading target. Many brokers will void the bonus if you do this.
How to Use a Broker Partner Code
This procedure is pretty easy. Find a working partner code from a reliable source. Go to your selected broker's sign-up page. Fill in your details as normal. Type the partner code in the partner code field. Submit your registration and make your first deposit. The bonus should be added straight away.
The whole process takes maybe a few minutes. There is no disadvantage to applying a working partner code with a licensed broker. Your spreads stay the same. You just get extra money in your account. There is no reason to miss extra funds on the table if all it requires is typing a code at sign-up.