If you have ever registered with a forex broker, you have probably seen a box requesting a partner code. Many people ignore it completely. That is a missed opportunity, because using the correct code unlocks a welcome bonus worth real money in bonus funds.
A broker partner code is essentially a promo code that you enter during account opening. Once you make your first deposit, the broker gives you extra money in your trading account. The fees are not affected. You just receive extra money to trade with.
Where to Source Valid Partner Codes for Brokers
Not all codes you come across online actually work. Many broker partner codes floating around online are expired. Some website owner lists a code when it is new and then never checks it again. Weeks later the code has been discontinued but the article is still up.
This is why dedicated directories are valuable. Sites that regularly test their codes prior to publishing them save you considerable frustration. Find a directory that tests codes on an ongoing basis, not just once when they are first posted.
Types of Bonuses You Can Get Using a Partner Code
By far the most popular type is the deposit match. You put in a set amount and the broker matches a portion on top. A few brokers offer up to 100 %, which practically doubles your starting capital.
There are also sign-up bonuses — a modest amount, often around 10 to 50 dollars, just for creating an account. No deposit needed.
To put this in perspective, some established brokers right now have sign-up bonuses of thousands of dollars. That is actual capital you can trade with from day one.
Things to Watch Out For Before Entering a Broker Partner Code
The most common condition is a lot requirement. You have to complete a minimum volume before the bonus funds become yours to keep. This is normal practice and should not worry you.
Also look at if the bonus has an expiry date, and what happens if you withdraw your original deposit before meeting the volume threshold. Many brokers will cancel the bonus if you do this.
How to Use a Broker Partner Code
The procedure is pretty straightforward. Get a working partner code from a reputable source. Visit your preferred broker's sign-up page. Complete your information as usual. Enter the partner code source in the promotional code field. Complete your registration and make your first deposit. The bonus should be applied automatically.
The entire thing takes about five to ten minutes. No disadvantage to using a verified partner code with a licensed broker. Your trading conditions remain identical. You just start with additional funds in your account. There is no reason to skip extra funds going to waste if all it takes is pasting a code during sign-up.