If you have ever opened an account with a forex broker, you have probably seen a field asking for a partner code. Many new traders ignore it completely. That is a missed opportunity, because applying the right code unlocks a sign-up bonus of hundreds or even thousands in extra cash.
A broker partner code is essentially a promo code that you type in during account opening. After you complete your initial deposit, the broker adds additional capital into your live account. The commissions are not affected. You just get more money to start with.
How to Get Verified Partner Codes for Brokers
Not all codes you find on the internet are valid. A lot of broker partner codes posted online are no longer active. Someone lists a code when it partner codes for brokers is new and then never checks it again. Months later the offer has expired but the page is still live.
This is why curated directories matter. Sites that actually verify their codes prior to publishing them save you real hassle. Use a site that verifies codes on an ongoing basis, not just when they first go up.
Different Bonuses On Offer With a Partner Code
By far the most popular 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 opening funds.
There are also no-deposit bonuses — a small amount, typically somewhere between 10 to 50 dollars, just for registering an account. No deposit needed.
In real terms, certain major brokers right now offer welcome bonuses of several thousand in extra trading capital. That is actual funds you can trade with from day one.
Things to Watch Out For Before Applying a Broker Partner Code
The most common term is a lot requirement. You must execute a specified volume before the bonus become withdrawable. This is standard practice and does not need to put you off.
Additionally look at whether the bonus has an expiry date, and what happens if you withdraw your initial deposit before reaching the trading requirement. Most brokers will forfeit the bonus if you do this.
How to Apply a Broker Partner Code
This procedure is fairly straightforward. Source a working partner code from a reliable site. Visit your preferred broker's sign-up page. Complete your details as normal. Paste the partner code in the promotional code box. Submit your registration and make your first deposit. The bonus gets applied straight away.
The entire thing should take roughly five to ten minutes. No downside to entering a verified partner code with a reputable broker. The trading conditions remain identical. You just start with additional funds in your account. Do not skip free capital on the table when all it takes is pasting a code at registration.