If you have ever signed up for a forex broker, you may have noticed a box requesting a partner code. Many traders ignore it completely. That is a bad move, because entering the right code unlocks a deposit bonus of real money in extra trading capital.
A broker partner learn more here code is really just a promo code that you type in during registration. Once you complete your initial deposit, the broker gives you bonus funds in your trading account. The commissions stay the same. You just receive more funds to start with.
How to Get Active Partner Codes for Brokers
Very few of the codes you find on the internet actually work. A lot of broker partner codes posted online are expired. Someone posts a code when it is first released and then moves on. Six months later the offer has expired but the article is still ranking in Google.
That is the reason dedicated directories are worth using. Sites that regularly check their codes before listing them spare you considerable wasted time. Look for a source that verifies codes on a regular basis, not just once when they are first posted.
Types of Bonuses On Offer Using a Partner Code
By far the most popular type is the percentage match. You deposit a certain amount and the broker credits a portion on top. Certain brokers match up to 100 percent, which effectively doubles your initial money.
There are also sign-up bonuses — a small amount, often somewhere between 10 to 50 dollars, just for registering an account. No deposit necessary.
In real terms, certain well-known brokers right now run sign-up bonuses of several thousand dollars. That is genuine money you can put to work from day one.
Things to Watch Out For Before Using a Broker Partner Code
The most common requirement is a lot requirement. You have to execute a certain amount of trades before the extra money are made withdrawable. This is entirely typical across the industry and does not need to worry you.
Additionally check whether the bonus has an validity window, and what happens if you cash out your initial deposit before meeting the volume requirement. Many brokers will cancel the bonus if you do this.
Steps to Use a Broker Partner Code
The procedure is pretty simple. Source a active partner code from a reliable source. Head to your selected broker's registration page. Enter your details as usual. Type the partner code in the promotional code field. Submit your sign-up and make your first deposit. The bonus gets credited automatically.
The entire thing should take maybe 5 to 10 minutes. There is no downside to entering a valid partner code with a regulated broker. The trading conditions remain identical. You just start with free funds in your account. Do not miss bonus capital unclaimed if all it takes is entering a code during registration.