If you have ever opened an account with a forex broker, you may have come across a box asking for a partner code. Most people ignore it completely. That is a bad move, because applying the right code unlocks a deposit bonus of real money in extra trading capital.
A broker partner code is essentially a referral code that you type in during sign-up. Once you make your opening deposit, the broker adds extra money into your live account. Your trading conditions stay the same. You just receive extra funds to trade with.
Where to Find Verified Partner Codes for Brokers
Very few of the codes you find through Google actually work. Most broker partner codes shared online are outdated. Someone publishes a code when it is first released and then moves on. Months later the code has expired but the page is still ranking in Google.
This is why dedicated code sites are valuable. Sites that actively verify their codes before publishing them save you a lot of wasted time. Find a directory that tests codes on an ongoing basis, not just when they first broker partner code go up.
Types of Bonuses You Can Get Using a Partner Code
By far the most popular type is the deposit match. You put in a set amount and the broker credits a portion on top. A few brokers offer up to 100 %, which effectively doubles your starting funds.
Some brokers offer no-deposit bonuses — a token amount, typically somewhere between 10 to 50 dollars, just for registering an account. No deposit required.
In real terms, some major brokers currently run sign-up bonuses of thousands of in bonus funds. That is real funds you can trade with from day one.
Things to Be Aware Of Before Applying a Broker Partner Code
The most common term is a trading volume requirement. You have to execute a certain amount of trades before the bonus are made available for withdrawal. This is standard in the forex world and should not worry you.
Also check whether the bonus has an validity window, and what happens if you withdraw your initial deposit before meeting the trading requirement. Many brokers will void the bonus if you do this.
How to Activate a Broker Partner Code
The process is fairly simple. Source a working partner code from a trusted site. Go to your selected broker's sign-up page. Enter your details as usual. Paste the partner code in the partner code field. Submit your registration and place your first deposit. The bonus should be added on its own.
The entire thing takes about five to ten minutes. There is no disadvantage to applying a working partner code with a licensed broker. The fees stay the same. You just get bonus capital in your account. There is no reason to skip extra capital unclaimed when all it takes is entering a code at registration.