If you have ever registered with a trading broker, you might have come across a box requesting a partner code. A lot of traders leave it blank. That is a mistake, because entering the right code can get you a sign-up bonus worth real money in free trading capital.
A broker partner code is essentially a promo code that you input during registration. After you place your first deposit, the broker adds extra money in your live account. Your trading conditions remain unchanged. You just get extra money to start with.
How to Find Verified Partner Codes for Brokers
Very few of the codes you see on the internet are still active. Many broker partner codes posted online are expired. Someone lists a code when it is new and then never checks it again. Months later the promotion has been discontinued but the post is still live.
That is the reason specialised verification sites are valuable. Directories that actively test their codes before publishing them spare you a lot of frustration. Find a site that checks codes on a regular basis, not just once when they are first posted.
Types of Bonuses Available With a Partner Code
The most common type is the matching bonus. You fund with a certain amount and the broker adds a portion on top. Certain brokers offer up to 100 percent, which effectively doubles your opening capital.
Some brokers offer no-deposit bonuses — a small amount, typically around ten and fifty dollars, just for registering an account. No deposit needed.
To put this in perspective, certain major brokers currently run welcome bonuses worth several thousand dollars. That is genuine capital you can trade with from day one.
Things to Be Aware Of Before Applying a Broker Partner Code
The standard condition is a lot requirement. You have to execute a specified volume before the extra money are made yours to keep. This is standard practice and does not need to worry you.
Additionally look at whether the bonus has an expiry date, and what happens if you withdraw your original deposit prior to hitting the volume target. Most brokers will forfeit the bonus if you do this.
Steps to Use a Broker Partner Code
The process is pretty simple. Get a active partner code from a trusted site. Go to your preferred broker's registration page. Complete your information as usual. Enter the partner code in the promo code field. Complete your sign-up and complete your opening deposit. The bonus will be applied automatically.
The entire thing should take about a few minutes. No downside to using a valid partner code with a licensed broker. Your fees stay the same. You just start with additional capital in recommended reading your account. Do not miss free funds on the table if all it requires is pasting a code at sign-up.