If you've ever opened an account with a trading broker, you have probably come across a field asking for a partner code. A lot of new traders ignore it completely. That is a mistake, because entering the right code unlocks a deposit bonus worth hundreds or even thousands in bonus cash.
A broker partner code is basically a promo code that you enter during account opening. Once you place your opening deposit, the broker credits additional capital in your trading account. The spreads are not affected. You just have more money to start with.
Where to Get Working Partner Codes for Brokers
Not all codes you find on the internet are still active. A lot of broker partner codes shared online are no longer active. Someone posts a code when it is first released and then never checks it again. Months later the code has been discontinued but the article is still live.
That is the reason specialised verification sites matter. Directories that actually check their codes prior to listing them spare you a lot of frustration. Look for a directory that verifies codes discover this on an ongoing basis, not just once when they are first posted.
Types of Bonuses Available Using a Partner Code
The most common type is the matching bonus. You deposit a set amount and the broker adds a portion on top. A few brokers offer up to 100 percent, which effectively doubles your opening capital.
There are also sign-up bonuses — a small amount, usually somewhere between 10 to 50 dollars, just for registering an account. No deposit needed.
In real terms, several well-known brokers right now run sign-up bonuses up to several thousand in extra trading capital. That is real capital you can put to work from day one.
What to Be Aware Of Before Applying a Broker Partner Code
The standard term is a trading volume requirement. You must execute a certain number of lots before the bonus funds are made yours to keep. This is standard practice and does not need to put you off.
Also check if the bonus has an expiry date, and what happens if you cash out your initial deposit prior to hitting the volume target. Many brokers will cancel the bonus if you do this.
How to Use a Broker Partner Code
This process is pretty simple. Find a active partner code from a trusted site. Visit your selected broker's registration page. Enter your information as normal. Type the partner code in the partner code box. Finish your sign-up and make your initial deposit. The bonus will be applied straight away.
The whole process should take roughly five to ten minutes. There is no negative to entering a valid partner code with a reputable broker. The trading conditions do not change. You just receive additional funds in your account. Do not miss bonus money going to waste when all it takes is pasting a code during registration.