If you've ever signed up for a trading broker, you may have seen a box asking for a partner code. Many new traders ignore it completely. That is a bad move, because using the correct code can get you a deposit bonus worth real money in bonus money.
A broker partner code is really just a promotional code that you input during registration. After you make your initial deposit, the broker gives you bonus funds into your live account. The fees do not change. You just receive extra money to start with.
How to Find Verified Partner Codes for Brokers
Very few of the codes you see on the internet are valid. Many broker partner codes posted online are expired. Someone posts a code when it is new and then moves on. Months later the offer has expired but the page is still live.
This is why specialised code sites are worth using. Resources that actively test their codes before publishing them spare you considerable frustration. Use a source that checks codes on a regular basis, not just when they first go up.
Types of Bonuses Available Through a Partner Code
By far the most popular type is the percentage match. You deposit a minimum amount and the broker adds a percentage on top. Certain brokers match up to 100 percent, which basically doubles your starting money.
There are also sign-up bonuses — a small amount, typically around ten and fifty dollars, just for creating an account. No deposit needed.
In real terms, some well-known brokers right now offer welcome bonuses of several thousand in extra trading capital. That is genuine funds you can use from day one.
What to Know Before Entering a Broker Partner Code
The standard requirement is a trading volume requirement. You have to execute a certain volume before the bonus are made available for withdrawal. This is standard practice and should not scare you.
Also verify if the bonus has an time limit, and what happens if you withdraw your original deposit prior to reaching the trading threshold. Most brokers will void the bonus if you do this.
Steps to Use a Broker Partner Code
This procedure find more info is pretty simple. Source a verified partner code from a trusted source. Go to your chosen broker's sign-up page. Fill in your information as normal. Type the partner code in the partner code box. Complete your registration and make your first deposit. The bonus will be credited straight away.
The entire process should take maybe five to ten minutes. No disadvantage to entering a verified partner code with a licensed broker. Your trading conditions do not change. You just get extra capital in your account. Do not leave bonus funds on the table when all it takes is pasting a code at registration.