If you've ever registered with a forex broker, you have probably seen a field asking for a partner code. A lot of people leave it blank. That is a bad move, because entering the right code unlocks a welcome bonus of a significant amount in bonus trading capital.
A broker partner code is basically a referral code that you input during registration. Once you make your opening deposit, the broker gives you additional capital into your trading account. Your commissions remain unchanged. You just have extra money to work with.
Where to Source Valid Partner Codes for Brokers
Not every codes you come across through Google are valid. A lot of broker partner codes posted online are outdated. Someone lists a code when it is new and then never checks it again. Six months later the code has expired but the article is still ranking in Google.
This is why specialised code sites matter. Resources that actually test their codes prior to listing them save you a lot of hassle. Use a directory that checks codes on an ongoing basis, not just once when they are first posted.
Different Bonuses On Offer Using a Partner Code
The standard type is the percentage match. You put in a minimum amount and the broker adds a percentage on top. A few brokers match up to 100 percent, which practically doubles your initial capital.
There are also no-deposit bonuses — a token amount, usually around 10 to 50 dollars, just for opening an account. No deposit needed.
In real terms, several well-known brokers right now run welcome bonuses of several thousand in bonus funds. That is real funds you can put to work from day one.
What to Be Aware Of Before Using a Broker Partner Code
The standard requirement is a trading volume requirement. You must complete a minimum number of lots before the bonus funds become withdrawable. This is standard in the forex world and should not worry you.
Also check if the bonus has an validity window, and what happens if you pull out your see here original deposit prior to reaching the volume target. Most brokers will cancel the bonus if you do this.
Steps to Apply a Broker Partner Code
The process is pretty straightforward. Get a verified partner code from a reputable directory. Go to your chosen broker's sign-up page. Enter your information as usual. Enter the partner code in the promotional code field. Complete your registration and place your initial deposit. The bonus will be applied straight away.
The whole thing should take about a few minutes. No disadvantage to using a working partner code with a reputable broker. Your trading conditions do not change. You just get extra funds in your account. Do not miss free money unclaimed when all it takes is pasting a code during registration.