A Guide to Partner Codes for Online Brokers
If you've ever signed up for a forex broker, you might have noticed a box requesting a partner code. Most people skip right past it. That is a missed opportunity, because applying the correct code gives you a sign-up bonus of a significant amount in bonus money.
A broker partner code is really just a promotional code that you input during account opening. After you complete your first deposit, the broker gives you additional capital into your trading account. The spreads remain unchanged. You just get extra money to work with.
How to Find Valid Partner Codes for Brokers
Not every codes you come across through Google are valid. Most broker partner codes floating around online are no longer active. Someone lists a code when it is first released and then forgets about it. Six months later the promotion has expired but the page is still live.
This is why dedicated code sites matter. Resources that actively test their codes prior to listing them spare you considerable frustration. Find a directory that verifies codes on a regular basis, not just once when they are first posted.
Types of Bonuses You Can Get With a Partner Code
The most common type is the deposit match. You deposit a minimum amount and the broker credits a percentage on top. Certain brokers offer up to 100 percent, which effectively doubles your initial money.
Some brokers offer free bonuses — a small amount, often around ten and fifty dollars, just for opening an account. No deposit required.
In real terms, several established brokers right now have sign-up bonuses worth thousands of dollars. That is real funds you can use from day one.
What to Watch Out For Before Applying a Broker Partner Code
The standard condition is a turnover requirement. You need to execute a minimum number of lots before the extra money become yours to keep. This is standard in the forex world and does not need to worry you.
Also verify whether the bonus has an time limit, and what happens if you cash out your original read more deposit before hitting the volume requirement. Most brokers will forfeit the bonus if you do this.
Steps to Activate a Broker Partner Code
The process is pretty straightforward. Find a working partner code from a reliable source. Visit your selected broker's registration page. Complete your information as normal. Enter the partner code in the partner code field. Submit your sign-up and make your first deposit. The bonus will be credited on its own.
The whole process takes roughly 5 to 10 minutes. No downside to entering a verified partner code with a licensed broker. The fees remain identical. You just receive free capital in your account. Do not leave extra money unclaimed if all it requires is entering a code during sign-up.