If you have ever signed up for a trading broker, you have probably seen a box requesting a partner code. Many traders leave it blank. That is a bad move, because using the correct code unlocks a welcome bonus of real money in bonus money.
A broker partner code is basically a referral code that you input during registration. After you make your first deposit, the broker adds extra money into your trading account. Your fees do not change. You just get extra funds to work with.
How to Get Verified Partner Codes for Brokers
Very few of the codes you find online are valid. Most broker partner codes posted online are no longer active. Someone publishes a code when it is first released and then moves on. Weeks later the offer has ended but the page is still up.
That is the reason curated verification sites are worth using. Directories that regularly test their codes before publishing them save you real frustration. Look for a site that tests codes on a regular basis, not just once when they are first posted.
Types of Bonuses On Offer With a Partner Code
The standard type is the percentage match. You deposit a minimum amount and the broker credits a percentage on top. Certain brokers offer up to 100 percent, which effectively doubles your initial money.
There are also free bonuses — a modest amount, usually around ten and fifty dollars, just for creating an account. No deposit needed.
To put this in perspective, certain established brokers currently offer welcome bonuses up to several thousand in bonus funds. That is real money you can use from day one.
Things to Know Before Using a Broker Partner Code
The most common term is a lot requirement. You have to execute a learn more certain amount of trades before the bonus are made withdrawable. This is standard across the industry and should not put you off.
Additionally check if the bonus has an expiry date, and what happens if you pull out your initial deposit prior to hitting the volume target. Most brokers will forfeit the bonus if you do this.
Steps to Apply a Broker Partner Code
This procedure is pretty straightforward. Get a active partner code from a reputable site. Visit your preferred broker's registration page. Enter your details as normal. Paste the partner code in the partner code field. Complete your sign-up and make your first deposit. The bonus will be added automatically.
The whole process takes about five to ten minutes. No downside to entering a valid partner code with a licensed broker. The spreads remain identical. You just get bonus capital in your account. Do not leave extra money unclaimed when all it takes is pasting a code at registration.