If you've ever opened an account with a trading broker, you might have come across a box asking for a partner code. Most traders skip right past it. That is a mistake, because entering the correct code gives you a welcome bonus worth a significant amount in additional money.
A broker partner code is basically a promo code that you input during sign-up. After you complete your first deposit, the broker credits additional capital in your live account. The trading conditions do not change. You just receive extra funds to start with.
Where to Find Valid Partner Codes for Brokers
Not every codes you see on the internet actually work. Most broker partner codes posted online are outdated. Someone posts a code when it is new and then forgets about it. Six months later the promotion has ended but the article is still up.
This is why specialised code sites are worth using. Resources that actually test their codes prior to listing them spare you considerable hassle. Use a source that checks codes on an ongoing basis, not just when they first go up.
Types of Bonuses On Offer With a Partner Code
By far the most popular type is the percentage match. You fund with a set amount and the broker credits a portion on top. Certain brokers offer up to 100 percent, which basically doubles your starting money.
Some brokers offer free bonuses — a small amount, often somewhere between ten and fifty dollars, just for registering an account. No deposit needed.
In real terms, certain established brokers currently offer welcome bonuses up to several this site thousand in extra trading capital. That is actual capital you can use from day one.
What to Watch Out For Before Using a Broker Partner Code
The standard term is a trading volume requirement. You need to trade a minimum amount of trades before the bonus funds are made yours to keep. This is common practice and does not need to worry you.
Also verify if the bonus has an expiry date, and what happens if you withdraw your initial deposit prior to meeting the volume threshold. Most brokers will cancel the bonus if you do this.
Steps to Apply a Broker Partner Code
This process is fairly straightforward. Get a active partner code from a reputable source. Visit your chosen broker's registration page. Enter your details as normal. Enter the partner code in the promo code box. Submit your registration and place your initial deposit. The bonus should be added on its own.
The whole thing should take roughly 5 to 10 minutes. There is no negative to using a valid partner code with a licensed broker. The trading conditions stay the same. You just receive extra capital in your account. Do not skip extra capital on the table if all it requires is typing a code at registration.