If you have ever registered with a forex broker, you may have seen a box asking for a partner code. A lot of traders skip right past it. That is a missed opportunity, because entering the right code unlocks a welcome bonus of real money in additional funds.
A broker partner code is basically a promo code that you input during account opening. Once you make your opening deposit, the broker gives you additional capital into your live account. Your fees are not affected. You just get additional capital to start with.
Where to Get Valid Partner Codes for Brokers
Very few of the codes you find online are valid. Many broker partner codes posted online are expired. A blogger lists a code when it is new and then never checks it again. Months later the offer has been discontinued but the page is still up.
That is the reason dedicated directories are valuable. Sites that regularly check their codes before listing them save you a lot of hassle. Look for a source that verifies codes on a regular basis, not just when they first go up.
Different Bonuses On Offer Through a Partner Code
The standard type is the deposit match. You deposit a set amount and the broker matches a percentage on top. Some brokers match up to 100 percent, which practically doubles your starting money.
Some brokers offer sign-up bonuses — a modest amount, usually somewhere between ten and fifty dollars, just for registering an account. No deposit necessary.
Practically speaking, some major brokers currently have welcome bonuses worth several thousand in extra trading capital. That is real money you can use from day one.
Things to Know Before Using a Broker Partner Code
The main requirement is a turnover requirement. You have to complete a specified volume before the extra money are made yours to keep. This is standard practice and does not need to worry you.
Additionally look at if the bonus has an time limit, and what happens if you withdraw your initial deposit prior to meeting the trading threshold. Most brokers will cancel the bonus if you do this.
How to Use a Broker Partner Code
The procedure is pretty find more information simple. Get a working partner code from a reliable source. Visit your selected broker's sign-up page. Enter your information as normal. Type the partner code in the partner code field. Finish your sign-up and place your initial deposit. The bonus gets applied on its own.
The whole thing should take about a few minutes. No disadvantage to using a valid partner code with a licensed broker. Your trading conditions do not change. You just get free capital in your account. Do not skip free capital going to waste when all it takes is typing a code during registration.