How to Use Partner Codes for Online Trading
If you've ever registered with a forex broker, you have probably come across a field asking for a partner code. Many traders leave it blank. That is a missed opportunity, because using the right code can get you a welcome bonus of real money in additional trading capital.
A broker partner code is basically a promo code that you input during account opening. Once you make your first deposit, the broker credits additional capital into your live account. Your fees stay the same. You just get extra funds to work with.
Where to Source Verified Partner Codes for Brokers
Not all codes you come across online are still active. Many broker partner codes posted online are outdated. Some website owner lists a code when it is first released and then never checks it again. Six months later the promotion has ended but the post is still ranking in Google.
That is the reason dedicated directories are worth using. Directories that actively verify their codes before publishing them save you real wasted time. Use a directory that verifies codes on an ongoing basis, not just once when they are first posted.
Types of Bonuses You Can Get Through a Partner Code
The most common type is the matching bonus. You put in a certain amount and the broker adds a percentage on top. A few brokers match up to 100 %, which practically doubles your initial funds.
There are also free bonuses — a small amount, often around ten and fifty dollars, just for registering an account. No deposit necessary.
To put this in perspective, several major brokers right now more info have sign-up bonuses worth several thousand in bonus funds. That is genuine capital you can put to work from day one.
What to Be Aware Of Before Using a Broker Partner Code
The standard condition is a trading volume requirement. You must execute a minimum amount of trades before the bonus funds become available for withdrawal. This is standard across the industry and should not worry you.
Also verify if the bonus has an time limit, and what happens if you withdraw your original deposit prior to meeting the trading target. Most brokers will cancel the bonus if you do this.
How to Activate a Broker Partner Code
This process is pretty easy. Find a active partner code from a reputable directory. Go to your chosen broker's sign-up page. Complete your information as usual. Paste the partner code in the partner code box. Submit your registration and make your opening deposit. The bonus should be added on its own.
The whole process takes maybe a few minutes. There is no disadvantage to applying a verified partner code with a regulated broker. The fees remain identical. You just start with additional money in your account. Do not leave bonus capital unclaimed when all it requires is entering a code at sign-up.