If you have ever signed up for a trading broker, you might have come across a box asking for a partner code. Most new traders ignore it completely. That is a bad move, because applying the correct code gives you a sign-up bonus of real money in bonus money.
A broker partner code is really just a referral code that you enter during account opening. After you place your opening deposit, the broker adds additional capital in your trading account. The trading conditions stay the same. You just get extra capital to work with.
Where to Source Valid Partner Codes for Brokers
Not every codes you see online are still active. A lot of broker partner codes shared online are no longer active. Someone lists a code when it is first released and then moves on. Six months later the offer has expired but the post is still up.
That is the reason dedicated code sites are valuable. Resources that actively check their codes before listing them spare you a lot of frustration. Find a source that tests codes on a regular basis, not just when they first go up.
Different Bonuses On Offer With a Partner Code
By far the most popular type is the deposit match. You fund with a certain amount and the broker matches a portion on top. Some brokers match up to 100 %, which practically doubles your initial money.
There are also no-deposit bonuses — a token amount, usually around 10 to 50 dollars, just for opening an account. No deposit needed.
In real terms, certain major brokers currently run welcome bonuses of several thousand dollars. That is genuine capital you can use from day one.
What to Know Before Applying a Broker Partner Code
The standard term is a trading here volume requirement. You need to execute a certain amount of trades before the bonus become withdrawable. This is entirely typical across the industry and does not need to scare you.
Additionally verify whether the bonus has an validity window, and what happens if you cash out your initial deposit prior to hitting the volume target. Many brokers will forfeit the bonus if you do this.
How to Apply a Broker Partner Code
This process is fairly straightforward. Source a working partner code from a reputable directory. Go to your preferred broker's registration page. Fill in your details as normal. Paste the partner code in the promotional code box. Finish your sign-up and complete your first deposit. The bonus should be added automatically.
The whole thing should take about 5 to 10 minutes. No downside to using a verified partner code with a reputable broker. The spreads remain identical. You just receive free capital in your account. There is no reason to leave bonus money on the table when all it requires is entering a code during sign-up.