Understanding Partner Codes for Online Trading

If you have ever signed up for a forex broker, you have probably noticed a field asking for a partner code. Many people skip right past it. That is a missed opportunity, because using the correct code gives you a welcome bonus of a significant amount in free cash.

A broker partner code is essentially a promo code that you enter during registration. After you complete your initial deposit, the broker credits extra money into your live account. The spreads stay the same. You just start with extra money to start with.

How to Source Verified Partner Codes for Brokers

Very few of the codes you find on the internet are still active. A lot of broker partner codes shared online are expired. Someone publishes a code when it is first released and then moves on. Six months later the offer has ended but the article is still up.

This is why dedicated code sites are worth using. Directories that regularly check their codes prior to publishing them spare you real wasted time. Look for a directory that tests codes on a regular basis, not just once when they are first posted.

Different Bonuses You Can Get Using a Partner Code

By far the most popular type is the matching bonus. You deposit a set amount and the broker matches a portion on top. Certain brokers offer up to 100 percent, which basically doubles your opening funds.

There are also no-deposit bonuses — a modest amount, usually around 10 to 50 dollars, just for opening an account. No deposit required.

Practically speaking, several major brokers right now run sign-up bonuses worth thousands of dollars. That is actual money you can put to work from day one.

Things to Watch Out For Before Entering a Broker Partner Code

The most common term is a turnover requirement. You need to execute a minimum volume before the bonus are made withdrawable. This is standard practice and does not need to worry you.

Also look at if the bonus has an validity window, and what happens if you pull out your original deposit before hitting the volume threshold. Most brokers will cancel the bonus if you do this.

Steps to Use a Broker Partner Code

This procedure is fairly easy. Source a active partner code from a trusted source. Head to your preferred broker's registration page. Enter your information as normal. Type the partner code in the promotional code box. Submit your sign-up and make your first deposit. The bonus will be applied automatically.

The whole thing should take roughly 5 to 10 minutes. No negative to using a verified partner code with a licensed broker. The fees stay the same. You just get free funds in your account. There is no reason to miss bonus funds on the table when all it requires is entering a code find more information during registration.