How to Use Partner Codes for Online Trading
If you've ever opened an account with a forex broker, you might have come across a box asking for a partner code. Most people ignore it completely. That is a mistake, because using the correct code unlocks a deposit bonus of a significant amount in bonus visit site cash.
A broker partner code is really just a promotional code that you type in during account opening. Once you place your initial deposit, the broker adds additional capital in your live account. The spreads remain unchanged. You just get additional money to trade with.
Where to Get Verified Partner Codes for Brokers
Very few of the codes you see through Google actually work. Many broker partner codes posted online are no longer active. Someone lists a code when it is new and then moves on. Weeks later the promotion has been discontinued but the article is still up.
This is why curated directories are worth using. Sites that actually test their codes before listing them save you real frustration. Find a source that checks codes on an ongoing basis, not just once when they are first posted.
Types of Bonuses Available With a Partner Code
By far the most popular type is the deposit match. You put in a set amount and the broker adds a portion on top. Certain brokers offer up to 100 %, which basically doubles your initial funds.
There are also sign-up bonuses — a token amount, typically around 10 to 50 dollars, just for creating an account. No deposit required.
Practically speaking, several established brokers currently have welcome bonuses worth several thousand in bonus funds. That is real capital you can use from day one.
What to Know Before Applying a Broker Partner Code
The main condition is a trading volume requirement. You need to execute a specified amount of trades before the bonus funds become withdrawable. This is entirely typical across the industry and should not scare you.
Additionally check if the bonus has an validity window, and what happens if you withdraw your initial deposit before reaching the trading requirement. Many brokers will void the bonus if you do this.
Steps to Activate a Broker Partner Code
The procedure is fairly straightforward. Source a working partner code from a reliable site. Go to your selected broker's sign-up page. Fill in your details as usual. Paste the partner code in the partner code field. Finish your registration and complete your first deposit. The bonus will be applied straight away.
The whole process takes maybe a few minutes. There is no negative to applying a verified partner code with a licensed broker. Your spreads do not change. You just receive extra funds in your account. There is no reason to skip extra funds unclaimed when all it takes is typing a code during registration.