If you've ever registered with a forex broker, you might have seen a box requesting a partner code. Most new traders leave it blank. That is a mistake, because using the right code can get you a sign-up bonus worth hundreds or even thousands in additional cash.
A broker partner code is really just a promotional code that you input during account opening. Once you place your first deposit, the broker gives you bonus funds in your live account. The commissions do not change. You just receive more capital to start with.
Where to Source Active Partner Codes for Brokers
Very few broker partner code of the codes you see through Google are still active. Most broker partner codes posted online are expired. Someone publishes a code when it is first released and then moves on. Weeks later the promotion has ended but the article is still up.
That is the reason dedicated directories matter. Sites that actively verify their codes before listing them save you a lot of wasted time. Look for a source that checks codes on a regular basis, not just when they first go up.
Different Bonuses On Offer With a Partner Code
The most common type is the matching bonus. You fund with a set amount and the broker matches a percentage on top. Some brokers offer up to 100 percent, which basically doubles your starting money.
Some brokers offer free bonuses — a token amount, usually around ten and fifty dollars, just for registering an account. No deposit required.
To put this in perspective, several major brokers right now run sign-up bonuses of several thousand in bonus funds. That is genuine capital you can put to work from day one.
Things to Watch Out For Before Applying a Broker Partner Code
The most common term is a lot requirement. You must complete a specified volume before the bonus funds are made withdrawable. This is normal practice and does not need to scare you.
Also check if the bonus has an expiry date, and what happens if you withdraw your initial deposit before reaching the volume threshold. Many brokers will void the bonus if you do this.
Steps to Use a Broker Partner Code
The process is pretty simple. Get a working partner code from a trusted source. Head to your preferred broker's registration page. Enter your information as usual. Type the partner code in the promotional code box. Finish your registration and make your opening deposit. The bonus will be added on its own.
The whole process takes maybe a few minutes. No disadvantage to using a verified partner code with a reputable broker. The trading conditions stay the same. You just start with extra capital in your account. Do not skip extra capital unclaimed if all it requires is pasting a code at registration.