If you have ever opened an account with a trading broker, you might have come across a field requesting a partner code. A lot of traders skip right past it. That is a bad move, because entering the correct code unlocks a deposit bonus of real money in additional trading capital.
A broker partner code is basically a promotional code that you enter during account opening. After you complete your opening deposit, the broker gives find more you extra money in your live account. Your trading conditions stay the same. You just get more capital to work with.
How to Get Valid Partner Codes for Brokers
Not all codes you find on the internet are still active. A lot of broker partner codes shared online are outdated. Some website owner posts a code when it is first released and then never checks it again. Months later the offer has ended but the article is still live.
This is why dedicated directories are valuable. Directories that actually check their codes before publishing them spare you a lot of hassle. Find a source that checks codes on a regular basis, not just when they first go up.
Types of Bonuses On Offer Through a Partner Code
By far the most popular type is the matching bonus. You deposit a set amount and the broker matches a percentage on top. Certain brokers offer up to 100 percent, which effectively doubles your opening money.
There are also sign-up bonuses — a token amount, often around 10 to 50 dollars, just for creating an account. No deposit needed.
To put this in perspective, several major brokers currently offer sign-up bonuses up to several thousand in bonus funds. That is real capital you can put to work from day one.
Things to Watch Out For Before Applying a Broker Partner Code
The main requirement is a turnover requirement. You have to complete a specified amount of trades before the extra money become yours to keep. This is entirely typical across the industry and should not put you off.
Also look at if the bonus has an time limit, and what happens if you cash out your initial deposit before reaching the trading threshold. Most brokers will cancel the bonus if you do this.
Steps to Use a Broker Partner Code
The process is fairly simple. Get a verified partner code from a trusted site. Go to your selected broker's registration page. Enter your details as normal. Type the partner code in the promo code field. Submit your registration and place your opening deposit. The bonus will be added on its own.
The whole thing should take roughly 5 to 10 minutes. No downside to entering a valid partner code with a reputable broker. Your trading conditions remain identical. You just get free capital in your account. There is no reason to miss free money on the table when all it requires is entering a code at registration.