If you've ever signed up for a forex broker, you may have seen a box asking for a partner code. Many new traders leave it blank. That is a mistake, because entering the right code unlocks a sign-up bonus of real money in free money.
A broker partner code is basically a promotional code that you input during account opening. Once you place your initial deposit, the broker adds bonus funds into your live account. Your fees remain unchanged. You just have extra capital to trade with.
Where to Get Active Partner Codes for Brokers
Very few of the codes you find through Google actually work. Many broker partner codes floating around online are outdated. Someone publishes a code when it is first released and then moves on. Six months later the offer has been discontinued but the page is still up.
That is the reason specialised verification sites are valuable. Sites that actually test their codes before listing them save you considerable wasted time. Use a source that checks codes on an ongoing basis, not just once when they are first posted.
Different Bonuses You Can Get Using a Partner Code
By far the most popular type is the matching bonus. You deposit a certain amount and the broker adds a percentage on top. Some brokers offer up to 100 %, which practically doubles your starting money.
There are also no-deposit bonuses — a small amount, typically around ten and fifty dollars, just for creating an account. No deposit required.
To put this in perspective, certain well-known brokers right now have sign-up bonuses up to thousands of dollars. That is real money you can use from day one.
Things to Know Before Entering a Broker Partner Code
The standard condition is a trading volume requirement. You must complete a certain amount of trades before the bonus become yours to keep. This is normal practice and should not put you off.
Additionally look at whether the bonus has an validity window, and what happens if you withdraw your original deposit prior to reaching the trading target. Many brokers will void the bonus if you do this.
Steps to Use a Broker Partner Code
The procedure is pretty straightforward. Source a working partner code from a reputable source. Visit your chosen broker's sign-up page. Fill in your information as usual. Paste the partner code in the promotional code field. Finish your sign-up and complete your first deposit. The bonus gets credited automatically.
The entire thing takes about five to ten minutes. No downside to entering a working partner code with a reputable broker. additional reading The trading conditions remain identical. You just get bonus funds in your account. Do not leave bonus funds on the table when all it takes is pasting a code during registration.