If you've ever opened an account with a trading broker, you might have seen a field requesting a partner code. Most traders leave it blank. That is a mistake, because applying the correct code can get you a sign-up bonus of hundreds or even thousands in extra trading capital.
A broker partner code is basically a promotional code that you enter during account opening. After you make your initial deposit, the broker adds additional capital into your live account. Your trading conditions do not change. You just get extra money to work with.
How to Get Valid Partner Codes for Brokers
Not all codes you see on the internet actually work. A lot of broker partner codes floating around online are outdated. A blogger posts a code when it is first released and check it out then never checks it again. Weeks later the offer has ended but the page is still live.
That is the reason specialised code sites are valuable. Sites that regularly verify their codes before listing them spare you real hassle. Look for a directory that verifies codes on an ongoing basis, not just when they first go up.
Different Bonuses You Can Get Using a Partner Code
The standard type is the deposit match. You fund with a set amount and the broker adds a percentage on top. A few brokers match up to 100 %, which basically doubles your initial capital.
There are also no-deposit bonuses — a small amount, usually somewhere between ten and fifty dollars, just for creating an account. No deposit needed.
Practically speaking, several well-known brokers currently offer sign-up bonuses worth several thousand dollars. That is real capital you can use from day one.
Things to Watch Out For Before Entering a Broker Partner Code
The standard term is a turnover requirement. You must execute a specified number of lots before the bonus funds become available for withdrawal. This is standard practice and should not worry you.
Additionally check whether the bonus has an validity window, and what happens if you pull out your original deposit before reaching the volume requirement. Many brokers will void the bonus if you do this.
Steps to Apply a Broker Partner Code
This process is fairly straightforward. Source a verified partner code from a reputable site. Visit your selected broker's sign-up page. Complete your details as normal. Type the partner code in the promotional code box. Submit your sign-up and place your first deposit. The bonus will be applied automatically.
The entire process should take roughly 5 to 10 minutes. There is no disadvantage to using a valid partner code with a reputable broker. Your trading conditions stay the same. You just receive extra capital in your account. There is no reason to skip bonus money unclaimed if all it takes is pasting a code at registration.