If you've ever signed up for a trading broker, you have probably seen a box asking for a partner code. Many traders leave it blank. That is a bad move, because entering the correct code gives you a deposit bonus worth hundreds or even thousands in additional money.
A broker partner code is really just a promo code that you type in during registration. After you make your first deposit, the broker adds extra money into your trading account. The commissions are not affected. You just start with more money to trade with.
How to Source Working Partner Codes for Brokers
Not every codes you find through Google are still active. Many broker partner codes posted online are dead. A blogger lists a code when it is first released and then moves on. Months later the promotion has been discontinued but the page is still ranking in Google.
That is the reason dedicated code sites matter. Directories that actively test their codes prior to publishing them save you considerable wasted time. Use a site that tests codes on a regular basis, not just once when they are first posted.
Different Bonuses On Offer With a Partner Code
The standard type is the deposit match. You fund with a minimum amount and the broker credits a portion on top. A few brokers offer up to 100 %, which practically doubles your starting capital.
There are also free bonuses — a small amount, typically somewhere between ten and fifty dollars, just for opening an account. No deposit required.
To put this in perspective, several major brokers currently offer sign-up bonuses up to several thousand in bonus funds. That is real funds you can trade with from day one.
What to Know Before Applying a Broker Partner Code
The most common condition is a turnover requirement. You must execute a specified amount of trades before the bonus funds are made withdrawable. This is common across the industry and does not need to worry you.
Additionally verify if the bonus has an validity window, and what happens if you cash out your original deposit prior to hitting the volume target. Many brokers will void the bonus if you do information resource this.
How to Apply a Broker Partner Code
The procedure is pretty straightforward. Find a verified partner code from a trusted directory. Visit your selected broker's sign-up page. Fill in your information as usual. Type the partner code in the partner code field. Finish your sign-up and make your initial deposit. The bonus gets credited automatically.
The entire thing takes roughly five to ten minutes. There is no downside to applying a verified partner code with a regulated broker. Your trading conditions do not change. You just get bonus capital in your account. There is no reason to skip extra funds unclaimed when all it requires is pasting a code at sign-up.