If you have ever signed up for a trading broker, you might have noticed a get the facts field requesting a partner code. A lot of new traders leave it blank. That is a mistake, because applying the right code can get you a deposit bonus worth real money in additional funds.
A broker partner code is really just a promo code that you input during registration. After you make your first deposit, the broker adds bonus funds into your live account. The spreads remain unchanged. You just get more capital to start with.
Where to Find Working Partner Codes for Brokers
Not every codes you come across on the internet are still active. Most broker partner codes floating around online are outdated. Someone posts a code when it is first released and then never checks it again. Weeks later the offer has ended but the page is still ranking in Google.
This is why specialised verification sites are worth using. Directories that actually check their codes prior to listing them spare you considerable frustration. Find a site that tests codes on a regular basis, not just when they first go up.
Different Bonuses On Offer Through a Partner Code
By far the most popular type is the percentage match. You put in a certain amount and the broker credits a percentage on top. Certain brokers offer up to 100 percent, which effectively doubles your starting capital.
There are also no-deposit bonuses — a token amount, usually around 10 to 50 dollars, just for registering an account. No deposit required.
Practically speaking, certain established brokers currently run sign-up bonuses of thousands of dollars. That is real funds you can put to work from day one.
What to Be Aware Of Before Using a Broker Partner Code
The most common term is a lot requirement. You have to complete a specified volume before the bonus funds become withdrawable. This is standard across the industry and does not need to worry you.
Also look at whether the bonus has an time limit, and what happens if you cash out your initial deposit before hitting the volume target. Most brokers will void the bonus if you do this.
Steps to Activate a Broker Partner Code
This process is pretty simple. Source a active partner code from a reputable directory. Go to your selected broker's sign-up page. Complete your details as normal. Type the partner code in the partner code box. Finish your registration and complete your opening deposit. The bonus will be added straight away.
The whole process takes about five to ten minutes. No negative to entering a verified partner code with a reputable broker. Your spreads remain identical. You just get free funds in your account. Do not miss free funds on the table when all it requires is typing a code at sign-up.