If you've ever opened an account with a forex broker, you may have seen a field asking for a partner code. Most new traders skip right past it. That is a bad move, because applying the correct code unlocks a deposit bonus of hundreds or even thousands in free funds.
A broker partner code is essentially a promotional code that you input during registration. After you place your first deposit, the broker gives you bonus funds in your trading account. The fees remain unchanged. You just get more funds to start with.
Where to Find Working Partner Codes for Brokers
Not all codes you find online are still active. Most broker partner codes shared online are dead. Someone lists a code when it is new and then forgets about it. Six months later the offer has ended but the article is still live.
That is the reason curated code sites are worth using. Sites that actually verify their codes prior to listing them spare you considerable hassle. Find a site that tests codes on an ongoing basis, not just once when they are first posted.
Types of Bonuses On Offer With a Partner Code
The standard type is the deposit match. You deposit a set amount and the broker matches a percentage on top. A few brokers offer up to 100 %, which practically doubles your starting money.
There are also sign-up bonuses — a modest amount, often around 10 to 50 dollars, just for creating an account. No deposit necessary.
Practically speaking, certain well-known brokers right now have welcome bonuses of thousands of in extra trading capital. That is genuine capital you can put to work from day one.
What to Know Before Entering a Broker Partner Code
The standard requirement is a turnover requirement. You need to complete a minimum volume before the extra money become available for withdrawal. This is normal across the industry and should not put you off.
Additionally verify if the bonus has an validity window, and what happens if you cash out your original deposit before meeting the volume threshold. Most brokers will void the bonus if you do this.
Steps to Activate a Broker Partner Code
This process is quite easy. Find a working partner code from a reputable source. Go to your selected broker's sign-up page. Enter your details as normal. Paste the partner code in the partner code box. Finish your sign-up and place your first deposit. The bonus gets added on its own.
The whole thing takes about five to ten minutes. There is no downside look at this to entering a verified partner code with a licensed broker. Your fees stay the same. You just receive free funds in your account. Do not skip free capital unclaimed if all it requires is typing a code during registration.