If you've ever opened an account with a trading broker, you might have seen a box asking for a partner code. Many traders leave it blank. That is a missed opportunity, because using the correct code can get you a sign-up bonus of a significant amount in free money.
A broker partner code is basically a promo code that you type in during account opening. After you place your first deposit, the broker gives you additional capital in your trading account. The trading conditions remain unchanged. You just have more money to start with.
How to Get Active Partner Codes for Brokers
Not every codes you come across online are valid. Many broker partner codes shared online are no longer active. Some website owner posts a code when it is first released and then never checks it again. Weeks later the offer has been discontinued but the article is still up.
That is the reason curated code sites are valuable. Sites that actively check their codes prior to publishing them spare you real frustration. Use a directory that checks codes on a regular basis, not just once when they are first posted.
Types of Bonuses Available Using a Partner Code
The standard type is the matching bonus. You fund with a certain amount and the broker adds a percentage on top. A few brokers offer up to 100 percent, which effectively doubles your starting money.
There are also no-deposit bonuses — a token amount, typically around 10 to 50 dollars, just for registering an account. No deposit required.
To put this in perspective, some major brokers right now run welcome bonuses up to thousands of in bonus funds. That is real capital you can trade with from day one.
What to Know Before Using a Broker Partner Code
The main condition is a lot requirement. You need to execute a specified volume before the bonus become withdrawable. This is standard practice and should not worry you.
Additionally verify if the bonus has an time limit, and what happens if you pull out your initial deposit before hitting the trading threshold. Many brokers will cancel the bonus if you do this.
Steps to Activate a Broker Partner Code
The procedure is fairly simple. Get a active partner code from a reputable site. Head to your check it out selected broker's sign-up page. Fill in your information as usual. Type the partner code in the partner code box. Submit your registration and complete your opening deposit. The bonus will be added straight away.
The entire thing should take roughly five to ten minutes. No downside to entering a working partner code with a reputable broker. Your spreads remain identical. You just get additional funds in your account. There is no reason to leave bonus funds unclaimed when all it takes is entering a code at registration.