If you've ever opened an account with a trading broker, you may have seen a field requesting a partner code. A lot of traders skip right learn more past it. That is a mistake, because using the right code can get you a deposit bonus of hundreds or even thousands in bonus funds.
A broker partner code is essentially a referral code that you enter during registration. After you place your initial deposit, the broker credits bonus funds in your trading account. The commissions stay the same. You just start with extra funds to work with.
How to Find Working Partner Codes for Brokers
Not all codes you come across online actually work. A lot of broker partner codes shared online are no longer active. Some website owner lists a code when it is first released and then never checks it again. Six months later the promotion has been discontinued but the article is still up.
This is why specialised directories are worth using. Resources that actively check their codes prior to publishing them save you a lot of hassle. Look for a source that checks codes on an ongoing basis, not just when they first go up.
Different Bonuses Available Through a Partner Code
The most common type is the matching bonus. You put in a minimum amount and the broker credits a percentage on top. Some brokers offer up to 100 %, which effectively doubles your initial capital.
There are also no-deposit bonuses — a small amount, typically somewhere between 10 to 50 dollars, just for creating an account. No deposit needed.
In real terms, certain major brokers currently have welcome bonuses worth thousands of dollars. That is genuine capital you can put to work from day one.
What to Know Before Entering a Broker Partner Code
The main term is a trading volume requirement. You need to complete a certain number of lots before the bonus funds become yours to keep. This is standard practice and should not put you off.
Additionally look at if the bonus has an expiry date, and what happens if you pull out your original deposit before meeting the volume threshold. Many brokers will forfeit the bonus if you do this.
How to Activate a Broker Partner Code
The process is fairly easy. Find a active partner code from a trusted site. Go to your chosen broker's registration page. Fill in your information as normal. Enter the partner code in the promotional code box. Submit your registration and make your first deposit. The bonus will be added automatically.
The whole process takes maybe 5 to 10 minutes. No downside to entering a verified partner code with a regulated broker. The trading conditions remain identical. You just start with extra funds in your account. Do not miss extra money unclaimed if all it requires is typing a code at sign-up.