If you've ever signed up for a trading broker, you have probably noticed a box requesting a partner code. Many people leave it blank. That is a mistake, because applying the right code unlocks a welcome bonus worth real money in free trading capital.
A broker partner code is basically a promotional code that you type in during sign-up. After you place your first deposit, the broker gives you extra money into your trading visit this site account. The fees remain unchanged. You just start with additional money to trade with.
How to Find Working Partner Codes for Brokers
Not all codes you see on the internet are still active. Most broker partner codes shared online are no longer active. Some website owner publishes a code when it is new and then never checks it again. Six months later the promotion has expired but the article is still up.
This is why curated code sites are worth using. Directories that actively verify their codes before publishing them save you considerable wasted time. Use a source that verifies codes on an ongoing basis, not just when they first go up.
Different Bonuses On Offer Through a Partner Code
By far the most popular type is the matching bonus. You put in a set amount and the broker matches a portion on top. Some brokers offer up to 100 %, which practically doubles your initial funds.
Some brokers offer sign-up bonuses — a token amount, typically somewhere between 10 to 50 dollars, just for registering an account. No deposit necessary.
Practically speaking, some established brokers right now have welcome bonuses worth several thousand in bonus funds. That is actual money you can use from day one.
Things to Know Before Entering a Broker Partner Code
The main term is a trading volume requirement. You have to execute a specified volume before the bonus are made available for withdrawal. This is common across the industry and does not need to put you off.
Additionally check whether the bonus has an validity window, and what happens if you cash out your initial deposit before reaching the volume target. Most brokers will forfeit the bonus if you do this.
Steps to Apply a Broker Partner Code
The process is fairly straightforward. Find a working partner code from a reputable directory. Go to your chosen broker's registration page. Fill in your details as usual. Paste the partner code in the partner code field. Finish your sign-up and complete your opening deposit. The bonus gets credited straight away.
The entire thing takes roughly five to ten minutes. No disadvantage to using a valid partner code with a licensed broker. The spreads remain identical. You just start with additional funds in your account. There is no reason to miss extra money unclaimed if all it takes is typing a code during registration.