Understanding Partner Codes for Forex Brokers

If you've ever opened an account with a trading broker, you may have noticed a field requesting a partner code. Many traders ignore it completely. That is a bad move, because using the right code can get you a deposit bonus of real money in free cash.

A broker partner code is essentially a promo code that you type in during account opening. Once you place your first deposit, the broker credits extra money into your trading account. Your commissions stay the same. You just have additional capital to trade with.

Where to Find Valid Partner Codes for Brokers

Not every codes you see through Google are valid. Many broker partner codes floating around online are expired. Someone posts a code when it is new and then never checks it again. Months later the code has expired but the article is still up.

This is why curated directories are worth using. Directories that regularly verify their codes prior to listing them spare you real hassle. Look for a directory that checks codes on a regular basis, not just when they first go up.

Types of Bonuses On Offer With a Partner Code

The standard type is the deposit match. You fund with a minimum amount and the broker matches a percentage on top. Some brokers offer up to 100 %, which basically doubles your initial capital.

There are also no-deposit bonuses — a token amount, usually somewhere between 10 to 50 dollars, just for creating an visit here account. No deposit needed.

Practically speaking, certain well-known brokers right now offer welcome bonuses up to several thousand dollars. That is actual money you can use from day one.

Things to Watch Out For Before Applying a Broker Partner Code

The standard term is a trading volume requirement. You have to execute a specified volume before the bonus funds become available for withdrawal. This is normal practice and does not need to put you off.

Also check if the bonus has an validity window, and what happens if you cash out your original deposit prior to meeting the trading target. Most brokers will forfeit the bonus if you do this.

Steps to Activate a Broker Partner Code

The process is fairly simple. Find a verified partner code from a reliable source. Head to your preferred broker's sign-up page. Fill in your details as usual. Type the partner code in the promotional code box. Finish your registration and complete your opening deposit. The bonus will be credited on its own.

The entire process takes about a few minutes. No negative to entering a verified partner code with a reputable broker. Your fees stay the same. You just start with extra capital in your account. There is no reason to miss bonus funds unclaimed if all it takes is entering a code at sign-up.