If you've ever signed up for a forex broker, you may have noticed a box asking for a partner code. Most new traders skip right past it. That is a bad move, because applying the right code gives you a welcome bonus of hundreds or even thousands in free trading capital.
A broker partner code is essentially a promo code that you type in during registration. Once you place your opening deposit, the broker gives you bonus funds in your live account. Your spreads remain unchanged. You just start with extra capital to work with.
How to Get Active Partner Codes for Brokers
Not every codes you find through Google are valid. A lot of broker partner codes shared online are outdated. Some website owner lists a code when it is first released and then forgets about it. Weeks later the promotion has ended but the page is still live.
That is the reason curated directories matter. Directories that actively check their codes before publishing them spare you considerable wasted time. Use a site that verifies codes on a regular basis, not just once when they are first posted.
Types of Bonuses You Can Get Using a Partner Code
The standard type is the deposit match. You deposit a minimum amount and the broker credits a portion on top. Some brokers offer up to 100 percent, which basically doubles your initial capital.
There are also sign-up reference bonuses — a small amount, usually around ten and fifty dollars, just for creating an account. No deposit necessary.
In real terms, some major brokers right now run welcome bonuses up to several thousand in bonus funds. That is genuine money you can trade with from day one.
What to Know Before Using a Broker Partner Code
The main term is a lot requirement. You need to trade a minimum amount of trades before the extra money become withdrawable. This is entirely typical in the forex world and does not need to worry you.
Also look at whether the bonus has an validity window, and what happens if you cash out your initial deposit prior to hitting the volume requirement. Many brokers will void the bonus if you do this.
Steps to Activate a Broker Partner Code
This procedure is fairly easy. Source a verified partner code from a reliable source. Head to your preferred broker's registration page. Enter your information as normal. Enter the partner code in the promo code box. Complete your sign-up and place your initial deposit. The bonus will be added automatically.
The whole process takes roughly 5 to 10 minutes. There is no disadvantage to using a working partner code with a reputable broker. Your fees remain identical. You just get free funds in your account. Do not skip extra capital on the table when all it requires is typing a code at sign-up.