If you've ever signed up for a forex broker, you have probably noticed a field asking for a partner code. Many people ignore it completely. That is a bad move, because using the right code gives you a deposit bonus worth real money in bonus cash.
A broker partner code is basically a referral code that you type in during sign-up. After you place your opening deposit, the broker credits additional capital in your live account. Your trading conditions remain unchanged. You just get extra funds to trade with.
How to Find Working Partner Codes for Brokers
Very few of the codes you find on the internet actually work. Most broker partner codes posted online are dead. A blogger publishes a code when it is new and then moves on. Weeks later the promotion has ended but the post is still ranking in Google.
That is the reason curated verification sites matter. Resources that actually verify their codes before publishing them spare you a lot of wasted time. Look for a source that tests codes on a regular basis, not just when they first go up.
Different Bonuses You Can Get With a Partner Code
By far the most popular type is the deposit match. You put in a minimum amount and the broker adds a percentage on top. A few brokers match up to 100 %, which effectively doubles your initial capital.
There are also no-deposit bonuses — a modest amount, typically around 10 to 50 dollars, just for registering an account. No deposit necessary.
In real terms, certain established brokers currently have sign-up bonuses up to thousands of in extra trading capital. That is real capital you can trade with from day one.
Things to Know Before Entering a Broker Partner Code
The standard requirement is a trading volume requirement. You must trade a certain amount of trades before the extra money are made available for withdrawal. This is normal across the industry and should not put you off.
Also check whether the bonus has an time limit, and what happens if you cash out your original deposit before meeting the trading requirement. Most brokers will void the bonus if you do this.
Steps to Use a Broker Partner Code
The procedure is pretty easy. Find a working partner code from a trusted site. Go to your selected find out more broker's sign-up page. Complete your details as normal. Paste the partner code in the promotional code box. Finish your registration and place your opening deposit. The bonus will be credited automatically.
The entire thing should take maybe a few minutes. No negative to using a valid partner code with a licensed broker. Your trading conditions stay the same. You just start with bonus money in your account. Do not miss free funds going to waste if all it requires is pasting a code at registration.