If you have ever signed up for a trading broker, you might have seen a box asking for a partner code. Many people skip right past it. That is a bad move, because applying the right code gives you a deposit bonus of real money in additional money.
A broker partner code is really just a promotional code that you enter during registration. Once you place your first deposit, the broker adds extra money into your trading account. The trading conditions remain unchanged. You just get extra capital to work with.
Where to Get Active Partner Codes for Brokers
Very few of the codes you see through Google are valid. A lot of broker partner codes shared online are outdated. Someone lists a code when it is new and then never checks it again. Six months later the offer has expired but the post is still up.
This is why specialised directories matter. Directories that actively verify their codes prior to listing them spare you real frustration. Find a site that website tests codes on a regular basis, not just once when they are first posted.
Types of Bonuses Available Through a Partner Code
The most common type is the percentage match. You fund with a set amount and the broker adds a percentage on top. A few brokers offer up to 100 percent, which basically doubles your initial money.
There are also sign-up bonuses — a modest amount, usually around ten and fifty dollars, just for opening an account. No deposit necessary.
In real terms, several established brokers currently run welcome bonuses worth several thousand in bonus funds. That is real money you can trade with from day one.
Things to Watch Out For Before Using a Broker Partner Code
The most common condition is a trading volume requirement. You have to trade a minimum amount of trades before the bonus funds become withdrawable. This is standard practice and should not put you off.
Also verify whether the bonus has an validity window, and what happens if you withdraw your initial deposit before hitting the trading threshold. Most brokers will cancel the bonus if you do this.
Steps to Use a Broker Partner Code
This process is fairly simple. Get a verified partner code from a trusted directory. Go to your preferred broker's registration page. Complete your details as normal. Paste the partner code in the promotional code box. Complete your sign-up and make your first deposit. The bonus will be applied automatically.
The entire process takes roughly 5 to 10 minutes. No disadvantage to entering a verified partner code with a reputable broker. The spreads remain identical. You just receive free funds in your account. There is no reason to leave bonus funds unclaimed when all it requires is entering a code during sign-up.