If you have ever signed up for a forex broker, you may have noticed a field asking for a partner code. Most traders ignore it completely. That is a missed opportunity, because using the correct code gives you a deposit bonus worth real money in bonus funds.
A broker partner code is basically a referral code that you enter during account opening. After you make your opening deposit, the broker gives you extra money into your live account. The trading conditions are not affected. You just get extra funds to work with.
How to Get Active Partner Codes for Brokers
Very few of the codes you come across online are still active. Most broker partner codes posted online are no longer active. Some website owner posts a code when it is new and then moves on. Months later the promotion has ended but the page is still up.
That is the reason specialised directories are valuable. Resources that actively check their codes before listing them spare you a lot of hassle. Use a site that tests codes on an ongoing basis, not just when they first go up.
Types of Bonuses Available Through a Partner Code
The most common type is the deposit match. You deposit a set amount and the broker matches a percentage on top. Some brokers match up to 100 %, which practically doubles your opening money.
Some brokers offer no-deposit bonuses — a small amount, usually around ten and fifty dollars, just for opening an account. No deposit needed.
In real terms, certain well-known brokers right now have welcome bonuses up to thousands of dollars. That is genuine money you can trade with from day one.
Things to Be Aware Of Before Entering a Broker Partner Code
The standard requirement is a lot requirement. You need to complete a specified volume before the bonus funds are made yours to keep. This is common in the forex world and does not need to scare you.
Also look at if the bonus has an time limit, and what happens if you withdraw your original deposit before hitting the volume threshold. Many brokers will forfeit the bonus if you do this.
Steps to Use a Broker Partner Code
This procedure read here is quite easy. Get a working partner code from a reliable directory. Go to your selected broker's sign-up page. Fill in your details as normal. Paste the partner code in the promotional code field. Complete your registration and make your opening deposit. The bonus should be added automatically.
The whole thing takes maybe five to ten minutes. There is no downside to entering a verified partner code with a reputable broker. The trading conditions stay the same. You just start with bonus money in your account. Do not leave free money on the table if all it takes is entering a code during registration.