A Guide to Partner Codes for Online Trading
If you've ever registered with a forex broker, you have probably noticed a field requesting a partner code. Many people leave it blank. That is a bad move, because using the correct code unlocks a welcome bonus of hundreds or even thousands in extra money.
A broker partner code is really just a promotional code that you input during sign-up. After you make your initial deposit, the broker gives you additional capital in your trading account. Your fees are not affected. You just start with more money to work with.
How to Find Active Partner Codes for Brokers
Not all codes you see on the internet are valid. Most broker partner codes posted online are outdated. A blogger lists a code when it is new and then forgets about it. Six months later the promotion has expired but the article is still ranking in Google.
This is why specialised directories matter. Directories that actively check their codes prior to listing them save you a lot of hassle. Look for a directory that tests codes on a regular basis, not just once when they are first posted.
Different Bonuses On Offer With a Partner Code
By far the most popular type is the deposit match. You put in a certain amount and the broker credits a more reading portion on top. Some brokers offer up to 100 percent, which effectively doubles your starting funds.
There are also sign-up bonuses — a small amount, usually around 10 to 50 dollars, just for creating an account. No deposit necessary.
In real terms, certain established brokers currently run sign-up bonuses of thousands of dollars. That is genuine money you can use from day one.
What to Be Aware Of Before Entering a Broker Partner Code
The most common requirement is a lot requirement. You have to complete a minimum amount of trades before the bonus funds are made withdrawable. This is entirely typical across the industry and does not need to put you off.
Additionally verify whether the bonus has an validity window, and what happens if you withdraw your initial deposit prior to reaching the volume threshold. Most brokers will cancel the bonus if you do this.
Steps to Use a Broker Partner Code
The procedure is pretty easy. Find a verified partner code from a reputable site. Go to your chosen broker's sign-up page. Fill in your information as usual. Type the partner code in the promo code box. Submit your sign-up and place your opening deposit. The bonus gets added on its own.
The entire process takes roughly 5 to 10 minutes. There is no disadvantage to using a verified partner code with a licensed broker. The spreads remain identical. You just receive free money in your account. There is no reason to skip free funds on the table if all it takes is entering a code during registration.