If you've ever registered with a trading broker, you may have seen a field requesting a partner code. A lot of new traders ignore it completely. That is a missed opportunity, because entering the correct code can get you a sign-up bonus worth real money in additional funds.
A broker partner code is really just a referral code that you input during sign-up. After you make your initial deposit, the broker adds extra money into your live account. Your trading conditions stay the same. You just start with extra funds to start with.
How to Find Verified Partner Codes for Brokers
Not every codes you find on the internet actually work. A lot of broker partner codes floating around online are dead. A blogger lists a code when it is new and then moves on. Weeks later the offer has expired but the post is still live.
This is why dedicated verification sites are valuable. Sites that regularly review check their codes prior to publishing them spare you a lot of hassle. Find a source that tests codes on a regular 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 percentage match. You fund with a certain amount and the broker adds a percentage on top. Certain brokers offer up to 100 %, which effectively doubles your initial money.
Some brokers offer sign-up bonuses — a small amount, usually somewhere between ten and fifty dollars, just for registering an account. No deposit necessary.
To put this in perspective, several well-known brokers currently have sign-up bonuses of thousands of dollars. That is genuine money you can trade with from day one.
Things to Know Before Using a Broker Partner Code
The main condition is a turnover requirement. You need to complete a certain volume before the bonus are made yours to keep. This is common across the industry and should not worry you.
Also verify if the bonus has an time limit, and what happens if you withdraw your original deposit before reaching the trading target. Many brokers will forfeit the bonus if you do this.
How to Use a Broker Partner Code
This procedure is quite easy. Source a working partner code from a reputable site. Go to your selected broker's sign-up page. Fill in your information as usual. Enter the partner code in the promo code field. Finish your sign-up and complete your initial deposit. The bonus should be credited straight away.
The whole thing should take about five to ten minutes. No downside to applying a working partner code with a licensed broker. The spreads do not change. You just get extra funds in your account. There is no reason to skip bonus funds on the table when all it takes is pasting a code during sign-up.