If you have ever signed up for a trading broker, you have probably seen a field asking for a partner code. Most people skip right past it. That is a missed opportunity, because using the correct code can get you a deposit bonus worth hundreds or even thousands in free money.
A broker partner code is basically a promotional code that you input during sign-up. After you make your initial deposit, the broker adds additional capital in your trading account. Your spreads do not change. You just start with additional funds to start with.
Where to Get Verified Partner Codes for Brokers
Not every codes you find online are still active. A lot of broker partner codes posted online are dead. A blogger posts a code when it is new and then moves on. Weeks later the code has been discontinued but the article is still up.
That is the reason curated directories find out more matter. Directories that actually check their codes before publishing them spare you considerable wasted time. Look for a directory that checks codes on a regular basis, not just once when they are first posted.
Different Bonuses On Offer Using a Partner Code
The most common type is the matching bonus. You put in a certain amount and the broker credits a portion on top. Certain brokers match up to 100 percent, which effectively doubles your initial money.
Some brokers offer free bonuses — a small amount, usually around ten and fifty dollars, just for opening an account. No deposit required.
Practically speaking, several well-known brokers currently run welcome bonuses worth thousands of in extra trading capital. That is actual funds you can use from day one.
What to Watch Out For Before Using a Broker Partner Code
The standard condition is a trading volume requirement. You must trade a certain volume before the extra money are made withdrawable. This is normal practice and should not put you off.
Additionally verify if the bonus has an expiry date, and what happens if you pull out your original deposit prior to meeting the volume target. Most brokers will cancel the bonus if you do this.
How to Apply a Broker Partner Code
This process is quite easy. Find a verified partner code from a trusted source. Go to your preferred broker's registration page. Fill in your information as usual. Paste the partner code in the promo code field. Complete your registration and place your opening deposit. The bonus gets credited straight away.
The whole thing should take about a few minutes. No negative to entering a working partner code with a reputable broker. The fees do not change. You just start with additional capital in your account. There is no reason to skip free funds going to waste when all it requires is pasting a code at registration.