If you have ever signed up for a trading broker, you have probably seen a field asking for a partner code. Many people leave it blank. That is a missed opportunity, because using the correct code gives you a welcome bonus of real money in additional funds.
A broker partner code is essentially a referral code that you input during registration. After you make your first deposit, the broker credits bonus funds into your trading account. Your trading conditions stay the same. You just get more funds to start with.
Where to Find Active Partner Codes for Brokers
Not all codes you come across on the internet are valid. A lot of broker partner codes floating around online are dead. Some website owner publishes a code when it is find more new and then forgets about it. Six months later the code has ended but the post is still live.
That is the reason dedicated directories are valuable. Directories that actually verify their codes before listing them spare you a lot of hassle. Use a source that verifies codes on a regular basis, not just when they first go up.
Types of Bonuses Available Through a Partner Code
The standard type is the deposit match. You put in a certain amount and the broker adds a portion on top. Some brokers offer up to 100 %, which practically doubles your opening funds.
There are also free bonuses — a modest amount, often around ten and fifty dollars, just for opening an account. No deposit necessary.
To put this in perspective, some well-known brokers right now offer welcome bonuses up to thousands of in extra trading capital. That is real capital you can trade with from day one.
Things to Watch Out For Before Applying a Broker Partner Code
The main condition is a turnover requirement. You need to execute a specified volume before the extra money are made withdrawable. This is entirely typical practice and does not need to worry you.
Additionally verify whether the bonus has an expiry date, and what happens if you pull out your initial deposit prior to meeting the trading threshold. Many brokers will forfeit the bonus if you do this.
Steps to Apply a Broker Partner Code
This process is fairly straightforward. Find a active partner code from a reliable site. Go to your selected broker's sign-up page. Fill in your details as usual. Enter the partner code in the promo code box. Finish your registration and complete your initial deposit. The bonus gets credited automatically.
The entire thing takes about five to ten minutes. There is no downside to applying a working partner code with a reputable broker. The spreads stay the same. You just receive additional money in your account. Do not skip bonus money unclaimed when all it takes is typing a code at registration.