If you have ever signed up for a trading broker, you might have come across a box asking for a partner code. Most traders leave it blank. That is a bad move, because using the correct code unlocks a welcome bonus worth a significant amount in bonus funds.
A broker partner code is essentially a referral code that you input during sign-up. Once you make your first deposit, the broker adds extra money into your live account. The trading conditions remain unchanged. You just get more capital to work with.
How to Find Verified Partner Codes for Brokers
Very few of the codes you find on the internet are valid. A lot of broker partner codes shared online are outdated. A blogger lists a code when it is new and then forgets about it. Six months later the code has expired but the post is still ranking in Google.
That is the reason dedicated code sites are valuable. Sites that regularly test article source their codes before listing them spare you considerable hassle. Find a directory that tests codes on an ongoing basis, not just when they first go up.
Different Bonuses Available Using a Partner Code
By far the most popular type is the matching bonus. You fund with a set amount and the broker matches a portion on top. Certain brokers match up to 100 %, which effectively doubles your initial money.
There are also sign-up bonuses — a small amount, typically somewhere between ten and fifty dollars, just for creating an account. No deposit necessary.
In real terms, certain well-known brokers currently run sign-up bonuses of thousands of dollars. That is genuine capital you can put to work from day one.
What to Watch Out For Before Using a Broker Partner Code
The main requirement is a turnover requirement. You need to execute a certain amount of trades before the extra money are made available for withdrawal. This is normal across the industry and should not scare you.
Also check whether the bonus has an validity window, and what happens if you cash out your initial deposit prior to hitting the volume requirement. Most brokers will void the bonus if you do this.
How to Activate a Broker Partner Code
The process is quite simple. Get a verified partner code from a reputable source. Visit your preferred broker's sign-up page. Enter your information as normal. Paste the partner code in the promotional code box. Submit your sign-up and complete your first deposit. The bonus will be credited automatically.
The entire thing takes about five to ten minutes. No downside to using a valid partner code with a regulated broker. Your fees remain identical. You just start with bonus funds in your account. Do not leave bonus capital unclaimed if all it requires is typing a code during registration.