How to Use Partner Codes for Online Trading

If you've ever registered with a forex broker, you may have come across a box asking for a partner code. Many traders leave it blank. That is a missed opportunity, because using the correct code unlocks a deposit bonus of a significant amount in extra money.

A broker partner code is essentially a promo code that you input during sign-up. After you place your opening deposit, the broker credits additional capital into your trading account. The trading conditions do not change. You just get more capital to trade with.

Where to Find Verified Partner Codes for Brokers

Not every codes you come across through Google are still active. A lot of broker partner codes floating around online are outdated. Some website owner lists a code when it is new and then forgets about it. Six months later the promotion has ended but the post is still ranking in Google.

This is why specialised directories are worth using. Sites that actually check their codes prior to listing them save you real hassle. Find a source that verifies codes on a regular basis, not just when they first go up.

Types of Bonuses You Can Get Through a Partner Code

The most common type is the deposit match. You fund with a set amount and the broker matches a percentage on top. Certain brokers offer up to 100 %, which practically doubles your starting funds.

Some brokers offer sign-up bonuses — a small amount, often somewhere between additional reading ten and fifty dollars, just for creating an account. No deposit required.

In real terms, certain well-known brokers right now have sign-up bonuses up to thousands of in bonus funds. That is genuine funds you can use from day one.

What to Know Before Using a Broker Partner Code

The main requirement is a lot requirement. You must trade a certain volume before the bonus become withdrawable. This is common in the forex world and should not put you off.

Additionally look at whether the bonus has an time limit, and what happens if you cash out your initial deposit prior to reaching the trading requirement. Many brokers will forfeit the bonus if you do this.

Steps to Use a Broker Partner Code

The procedure is fairly simple. Find a verified partner code from a trusted site. Head to your preferred broker's registration page. Enter your information as usual. Type the partner code in the promo code field. Finish your sign-up and make your first deposit. The bonus should be credited automatically.

The whole thing takes about 5 to 10 minutes. No downside to using a working partner code with a reputable broker. The trading conditions remain identical. You just get bonus capital in your account. Do not miss free funds on the table when all it takes is pasting a code at sign-up.