A Guide to Partner Codes for Forex Trading
If you've ever signed up for a trading broker, you have probably seen a box requesting a partner code. Many people skip right past it. That is a mistake, because entering the right code gives you a sign-up bonus of hundreds or even thousands in free trading capital.
A broker partner code is basically a promo code that you type in during account opening. Once you complete your opening deposit, the broker gives you additional capital into your live account. Your fees are not affected. You just receive additional capital to work with.
Where to Source Working Partner Codes for Brokers
Very few of the codes you see on the internet actually work. A lot of broker partner codes shared online are no longer active. A blogger posts a code when it is first released and then never checks it again. Six months later the code has ended but the article is still ranking in Google.
That is the reason specialised directories are valuable. Resources that regularly verify their codes before publishing them spare you real wasted time. Look for a source that checks codes on an ongoing basis, not just when they first go up.
Types of Bonuses You Can Get With a Partner Code
The most common type is the matching bonus. You deposit a minimum amount and the broker adds a percentage on top. Certain brokers match up to 100 %, which basically doubles your starting money.
Some brokers offer sign-up bonuses — a small amount, often somewhere between ten and fifty dollars, just for registering an account. No deposit necessary.
Practically speaking, some established brokers right now have sign-up bonuses of partner code several thousand dollars. That is real capital you can trade with from day one.
What to Know Before Entering a Broker Partner Code
The most common requirement is a lot requirement. You have to complete a minimum number of lots before the bonus funds are made yours to keep. This is standard in the forex world and does not need to worry you.
Also check whether the bonus has an expiry date, and what happens if you withdraw your initial deposit prior to reaching the volume target. Many brokers will void the bonus if you do this.
How to Activate a Broker Partner Code
This process is fairly straightforward. Find a verified partner code from a trusted source. Head to your preferred broker's registration page. Enter your details as usual. Type the partner code in the partner code field. Submit your sign-up and place your first deposit. The bonus gets applied on its own.
The whole process should take about 5 to 10 minutes. No negative to entering a valid partner code with a licensed broker. Your spreads remain identical. You just receive extra capital in your account. Do not leave extra capital going to waste if all it requires is typing a code at sign-up.