How to Use Partner Codes for Online Trading
If you've ever registered with a forex broker, you have probably come across a box requesting a partner code. Most people ignore it completely. That is a bad move, because entering the correct code unlocks a welcome bonus of a significant amount in bonus trading capital.
A broker partner code is really just a promo code that you input during account opening. After you make your initial deposit, the broker gives you additional capital in your trading account. The fees are not affected. You just receive more money to work with.
How to Find Verified Partner Codes for Brokers
Not all codes you see online actually work. A lot of broker partner codes shared online are expired. A blogger publishes a code when it is first released and then never checks it again. Six months later the code has expired but the page is still up.
That is the reason specialised directories matter. Resources that regularly verify their codes prior to listing them save you a lot of wasted time. Use a source that checks codes on an ongoing basis, not just when they first go up.
Types of Bonuses Available Through a Partner Code
The standard type is the matching bonus. You fund with a certain amount and the broker adds a percentage on top. Some brokers offer up to 100 %, which practically doubles your initial article source capital.
There are also sign-up bonuses — a token amount, usually around ten and fifty dollars, just for opening an account. No deposit needed.
Practically speaking, some established brokers right now run welcome bonuses of thousands of in bonus funds. That is real funds you can use from day one.
Things to Know Before Applying a Broker Partner Code
The main requirement is a turnover requirement. You must trade a minimum volume before the bonus funds are made withdrawable. This is entirely typical across the industry and does not need to put you off.
Additionally look at whether the bonus has an validity window, and what happens if you cash out your original deposit before meeting the trading target. Most brokers will cancel the bonus if you do this.
Steps to Use a Broker Partner Code
This process is quite straightforward. Get a working partner code from a reliable site. Head to your chosen broker's registration page. Enter your details as normal. Type the partner code in the partner code field. Finish your sign-up and make your opening deposit. The bonus will be applied automatically.
The whole thing takes about a few minutes. No downside to using a valid partner code with a regulated broker. Your trading conditions stay the same. You just get extra money in your account. There is no reason to skip free money unclaimed if all it requires is pasting a code during registration.