If you've ever registered with a trading broker, you may have noticed a field asking for a partner code. Many people skip right past it. That is a bad move, because entering the right code unlocks a welcome bonus worth hundreds or even thousands in free cash.
A broker partner code is essentially a promo code that you enter during account opening. After you place your opening deposit, the broker credits bonus funds in your live account. Your fees stay the same. You just get more funds to start with.
How to Source Working Partner Codes for Brokers
Not every codes you find online are still active. A lot of broker partner codes floating around online are expired. A blogger publishes a code when it is first released and then never checks it again. Weeks later the code has expired but the page is still ranking in Google.
This is why dedicated verification sites are valuable. Resources that actually check their codes prior to listing them spare you real wasted time. Use a directory that verifies 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 percentage match. You deposit a certain amount and the broker matches a portion visit this site on top. Certain brokers match up to 100 percent, which effectively doubles your opening money.
Some brokers offer sign-up bonuses — a small amount, often somewhere between 10 to 50 dollars, just for opening an account. No deposit necessary.
In real terms, several major brokers currently run sign-up bonuses of several thousand dollars. That is actual funds you can use from day one.
What to Know Before Entering a Broker Partner Code
The main requirement is a lot requirement. You need to complete a minimum volume before the extra money are made withdrawable. This is common across the industry and should not worry you.
Additionally look at if the bonus has an time limit, and what happens if you pull out your original deposit before meeting the trading requirement. Many brokers will void the bonus if you do this.
How to Use a Broker Partner Code
The procedure is fairly easy. Get a verified partner code from a reputable source. Head to your selected broker's sign-up page. Enter your information as normal. Paste the partner code in the partner code box. Submit your registration and complete your initial deposit. The bonus gets credited straight away.
The whole thing takes about 5 to 10 minutes. No negative to applying a working partner code with a reputable broker. The spreads remain identical. You just start with free funds in your account. There is no reason to skip bonus capital going to waste when all it takes is entering a code during registration.