How to Use Partner Codes for Online Trading
If you have ever signed up for a forex broker, you might have seen a box asking for a partner code. A lot of people ignore it completely. That is a missed opportunity, because entering the correct code unlocks a sign-up bonus of hundreds or even thousands in extra funds.
A broker partner code is basically a promotional code that you enter during sign-up. After you complete your opening deposit, the broker gives you bonus funds into your trading account. The trading conditions stay the same. You just get more money to work with.
Where to Find Verified Partner Codes for Brokers
Not all codes you find through Google are still active. A lot of broker partner codes posted online are dead. A blogger lists a code when it is new and then never checks it again. Weeks later the code has ended but the article is still up.
This is why dedicated code sites matter. Directories that actually check their codes before listing them spare you considerable frustration. Find a source that tests codes on a regular basis, not just when they first go up.
Types of Bonuses You Can Get With a Partner Code
The standard type is the deposit match. You put in a minimum amount and the broker adds a percentage on top. Certain brokers match up to 100 percent, which effectively doubles your starting money.
There are also no-deposit bonuses — a small amount, often somewhere between 10 to 50 dollars, just for opening an account. No deposit necessary.
In real terms, certain established brokers right now have welcome bonuses of several thousand in bonus funds. That is genuine money you can trade with from day one.
What to Be Aware Of Before Applying a Broker Partner Code
The main condition is a lot requirement. You must execute a specified number of lots before the bonus are made yours to keep. This is common in the forex world and should not scare you.
Additionally look at whether the bonus has an expiry date, and what happens if you cash out your original deposit prior to hitting the trading target. Many brokers will forfeit the bonus if you do this.
How to Activate a Broker Partner Code
This process find more information is pretty simple. Source a working partner code from a reputable source. Go to your preferred broker's sign-up page. Enter your information as normal. Type the partner code in the partner code box. Finish your registration and complete your first deposit. The bonus should be applied straight away.
The entire thing should take roughly five to ten minutes. No downside to using a working partner code with a regulated broker. Your trading conditions do not change. You just get bonus capital in your account. There is no reason to miss free capital unclaimed if all it takes is pasting a code during registration.