If you have ever registered with a trading broker, you might have come across a box requesting a partner code. Most people leave it blank. That is a bad move, because entering the right code can get you a welcome bonus of real money in additional trading capital.
A broker partner code is essentially a promotional code that you enter during sign-up. Once you complete your initial deposit, the broker credits bonus funds in review your live account. The fees are not affected. You just get more funds to start with.
Where to Find Verified Partner Codes for Brokers
Not all codes you come across online actually work. A lot of broker partner codes posted online are outdated. Some website owner lists a code when it is first released and then never checks it again. Months later the code has expired but the article is still ranking in Google.
This is why specialised code sites matter. Resources that actually check their codes prior to listing them spare you a lot of frustration. Use a site that checks codes on an ongoing basis, not just when they first go up.
Types of Bonuses On Offer Through a Partner Code
The most common type is the deposit match. You fund with a certain amount and the broker adds a portion on top. Some brokers match up to 100 %, which effectively doubles your opening money.
Some brokers offer sign-up bonuses — a small amount, usually around ten and fifty dollars, just for registering an account. No deposit needed.
In real terms, certain established brokers currently 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 Be Aware Of Before Using a Broker Partner Code
The standard requirement is a turnover requirement. You have to execute a specified volume before the bonus funds are made available for withdrawal. This is entirely typical across the industry and does not need to put you off.
Additionally check if the bonus has an validity window, and what happens if you withdraw your original deposit prior to meeting the volume requirement. Many brokers will forfeit the bonus if you do this.
Steps to Apply a Broker Partner Code
This procedure is pretty simple. Get a verified partner code from a reputable site. Head to your preferred broker's sign-up page. Enter your information as usual. Paste the partner code in the promotional code box. Complete your registration and make your first deposit. The bonus will be added on its own.
The entire process takes about five to ten minutes. No disadvantage to entering a valid partner code with a licensed broker. Your trading conditions do not change. You just get bonus capital in your account. There is no reason to leave extra capital unclaimed when all it takes is entering a code during sign-up.