If you have ever signed up for a trading broker, you may have seen a field requesting a partner code. Many traders ignore it completely. That is a mistake, because applying the right code gives you a deposit bonus of real money in extra funds.
A broker partner code is basically a promotional code that you enter during account opening. After you complete your first deposit, the broker adds extra money in your trading account. The trading conditions remain unchanged. You just start with more capital to trade with.
Where to Find Verified Partner Codes for Brokers
Not every codes you come across on the internet actually work. A lot of broker partner codes shared online are outdated. A blogger lists a code when it is first released and then never checks it again. Weeks later the code has been discontinued but the post is still ranking in Google.
That is the reason dedicated directories are valuable. Directories that regularly test their codes prior to listing them save you a lot of hassle. Use a directory that verifies codes on an ongoing basis, not just when they first go up.
Different Bonuses You Can Get Through a Partner Code
The standard type is the percentage match. You deposit a certain amount and the broker matches a portion on top. A few brokers match up to 100 %, which effectively doubles your opening capital.
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, some major brokers right now run welcome bonuses up to thousands of in bonus funds. That is real money you can use from day one.
Things to Watch Out For Before Entering a Broker Partner Code
The standard requirement is a turnover requirement. You must trade a minimum number of lots before the bonus become available for withdrawal. This is normal practice and should not scare you.
Additionally check whether the bonus has an time limit, and what happens if you cash out your initial deposit before reaching the volume requirement. Many brokers will cancel the bonus if you do this.
How to Activate a Broker Partner Code
This process is fairly straightforward. Get a working partner code from a trusted site. Head to your selected broker's sign-up page. Fill in your information as usual. Paste the partner code in the promo code field. Complete your registration and make your initial deposit. The bonus should be added on its own.
The whole process should take maybe 5 to 10 minutes. There is no disadvantage to using a verified partner code with a regulated broker. The spreads stay the same. You just receive bonus funds in your account. Do not extra resources leave free capital on the table if all it takes is entering a code during registration.