If you have ever signed up for a forex broker, you may have seen a field requesting a partner code. Many new traders leave it blank. That is a missed opportunity, because entering the correct code gives you a sign-up bonus of real money in additional money.
A broker partner code is basically a referral code that you input during account opening. Once you make your initial deposit, the broker credits bonus funds in your live account. Your spreads stay the same. You just start with more funds to trade with.
Where to Find Valid Partner Codes here are the findings for Brokers
Very few of the codes you find on the internet actually work. Many broker partner codes floating around online are expired. Someone lists a code when it is first released and then moves on. Months later the promotion has ended but the post is still up.
That is the reason curated verification sites are worth using. Sites that actively verify their codes prior to listing them save you real frustration. Look for a source that checks codes on a regular basis, not just when they first go up.
Different Bonuses You Can Get Through a Partner Code
By far the most popular type is the matching bonus. You fund with a certain amount and the broker credits a portion on top. Some brokers match up to 100 percent, which effectively doubles your starting funds.
There are also free bonuses — a modest amount, typically around ten and fifty dollars, just for registering an account. No deposit needed.
To put this in perspective, several well-known brokers right now have sign-up bonuses worth several thousand in bonus funds. That is real funds you can trade with from day one.
Things to Be Aware Of Before Using a Broker Partner Code
The main requirement is a turnover requirement. You have to trade a certain volume before the extra money are made yours to keep. This is standard across the industry and does not need to scare you.
Also check whether the bonus has an validity window, and what happens if you withdraw your original deposit prior to hitting the volume target. Most brokers will void the bonus if you do this.
Steps to Apply a Broker Partner Code
The process is pretty simple. Find a verified partner code from a trusted directory. Visit your preferred broker's registration page. Fill in your details as normal. Type the partner code in the partner code box. Submit your registration and complete your opening deposit. The bonus gets added automatically.
The whole process should take roughly five to ten minutes. There is no downside to entering a working partner code with a reputable broker. The spreads do not change. You just receive bonus money in your account. There is no reason to miss bonus capital going to waste if all it requires is pasting a code at registration.