How to Use Partner Codes for Online Brokers
If you've ever signed up for a trading broker, you might have noticed a field requesting a partner code. A lot of new traders skip right past it. That is a missed opportunity, because using the correct code unlocks a sign-up bonus of real money in bonus money.
A broker partner code is really just a promotional code that you input during registration. After you complete your initial deposit, the broker credits extra money in your trading account. The trading conditions do not change. You learn more just get additional money to work with.
How to Source Active Partner Codes for Brokers
Not every codes you see on the internet are valid. A lot of broker partner codes shared online are expired. A blogger posts a code when it is new and then moves on. Six months later the promotion has expired but the post is still up.
That is the reason curated directories are valuable. Resources that regularly test their codes before listing them spare you considerable frustration. Use a directory that checks codes on an ongoing basis, not just when they first go up.
Different Bonuses You Can Get With a Partner Code
The most common type is the deposit match. You deposit a certain amount and the broker credits a percentage on top. Certain brokers offer up to 100 percent, which basically doubles your starting capital.
There are also free bonuses — a modest amount, usually somewhere between ten and fifty dollars, just for creating an account. No deposit needed.
To put this in perspective, several major brokers right now offer welcome bonuses worth thousands of in extra trading capital. That is real capital you can trade with from day one.
What to Watch Out For Before Using a Broker Partner Code
The most common term is a lot requirement. You have to trade a minimum amount of trades before the extra money are made available for withdrawal. This is normal practice and should not scare you.
Additionally check whether the bonus has an expiry date, and what happens if you cash out your original deposit before reaching the volume requirement. Most brokers will forfeit the bonus if you do this.
How to Apply a Broker Partner Code
This process is pretty easy. Get a verified partner code from a trusted source. Head to your selected broker's registration page. Enter your information as usual. Enter the partner code in the promo code field. Complete your registration and complete your first deposit. The bonus gets applied on its own.
The whole process takes maybe a few minutes. No negative to using a valid partner code with a regulated broker. The fees remain identical. You just receive extra funds in your account. Do not skip extra funds on the table if all it takes is pasting a code during sign-up.