If you've ever signed up for a trading broker, you might have seen a box requesting a partner code. Many new traders skip right past it. That is a mistake, because using the correct code unlocks a deposit bonus of a significant amount in additional trading capital.
A broker partner code is basically a promo code that you type in during account opening. After you place your opening deposit, the broker credits additional capital into your trading account. Your fees remain unchanged. You just start with more capital to start with.
Where to Source Valid Partner Codes for Brokers
Not every codes you come across on the internet are valid. A lot of broker partner codes posted online are expired. Some website owner posts a code when it is first released and then never checks it again. Months later the offer has expired but the post is still ranking in Google.
This is why curated code sites matter. Directories that actively check their codes prior to listing them spare you a lot of wasted time. Use a directory that verifies codes on a regular basis, not just when they first go up.
Different Bonuses Available Through a Partner Code
The standard type is the percentage match. You deposit a set amount and the broker matches a percentage on top. A few brokers match up to 100 percent, which basically doubles your starting funds.
There are also sign-up bonuses — a small amount, typically somewhere between 10 to 50 dollars, just for opening an account. No deposit needed.
Practically speaking, some established brokers reference currently run welcome bonuses up to several thousand in bonus funds. That is actual capital you can put to work from day one.
Things to Know Before Using a Broker Partner Code
The standard condition is a turnover requirement. You need to complete a certain number of lots before the bonus become yours to keep. This is entirely typical in the forex world and does not need to scare you.
Also verify if the bonus has an time limit, and what happens if you cash out your initial deposit before hitting the volume requirement. Many brokers will void the bonus if you do this.
How to Activate a Broker Partner Code
This process is pretty simple. Get a working partner code from a reputable directory. Visit your selected broker's registration page. Complete your details as usual. Paste the partner code in the partner code box. Finish your sign-up and make your first deposit. The bonus gets applied automatically.
The whole process takes about 5 to 10 minutes. There is no negative to using a working partner code with a regulated broker. Your spreads do not change. You just start with bonus money in your account. There is no reason to leave free money going to waste if all it takes is typing a code during registration.