If you've ever signed up for a trading broker, you might have come across a field requesting a partner code. Most traders ignore it completely. That is a missed opportunity, because using the correct code gives you a sign-up bonus of hundreds or even thousands in extra funds.
A broker partner code is basically a referral code that you type in during sign-up. Once you complete your opening deposit, the broker gives you extra money in your live account. Your spreads stay the same. You just get extra funds to start with.
How to Get Active Partner Codes for Brokers
Very few of the codes you come across online are valid. Many broker partner codes shared online are outdated. Someone publishes a code when it is new and then never checks it again. Months later the promotion has been discontinued but the page is still ranking in Google.
This is why dedicated verification sites are worth using. Resources that actually verify their codes before publishing them save you considerable frustration. Look for a site that verifies codes on a regular basis, not just once when they are first posted.
Different Bonuses You Can Get Using a Partner Code
The most common type is the percentage match. You fund with a set amount and the broker matches a percentage on top. Certain brokers match up to 100 %, which basically doubles your opening money.
Some brokers offer no-deposit bonuses — a token amount, often around 10 to 50 dollars, just for opening an account. No deposit necessary.
To put visit this this in perspective, several well-known brokers right now have welcome bonuses up to several thousand dollars. That is genuine funds you can put to work from day one.
Things to Watch Out For Before Entering a Broker Partner Code
The main condition is a lot requirement. You have to complete a minimum volume before the bonus funds are made withdrawable. This is normal practice and does not need to put you off.
Also check whether the bonus has an time limit, and what happens if you cash out your initial deposit before reaching the trading target. Most brokers will cancel the bonus if you do this.
Steps to Activate a Broker Partner Code
This process is quite easy. Source a working partner code from a trusted source. Head to your preferred broker's registration page. Complete your information as normal. Paste the partner code in the promotional code box. Submit your registration and place your initial deposit. The bonus gets applied straight away.
The entire thing takes maybe a few minutes. No downside to using a verified partner code with a reputable broker. Your spreads remain identical. You just get additional capital in your account. There is no reason to miss bonus funds on the table if all it takes is entering a code during registration.