If you have ever signed up for a trading broker, you have probably noticed a box asking for a partner code. Many people leave it blank. That is a missed opportunity, because using the right code unlocks a deposit bonus of a significant amount in free money.
A broker partner code is basically a referral code that you input during sign-up. After you place your opening deposit, the broker credits extra money into your trading account. The spreads remain unchanged. You just get extra money to start with.
Where to Source Working Partner Codes for Brokers
Not all codes you find online are valid. Many broker partner codes posted online are dead. A blogger posts a code when it is new and then moves on. Months later the offer has ended but the page is still up.
That is the reason curated directories are worth using. Directories that actively verify their codes prior to publishing them spare you considerable hassle. Use a source that tests codes on a regular basis, not just when they first go up.
Different Bonuses You Can Get Through a Partner Code
The most common type is the percentage match. You deposit a minimum amount and the broker credits a percentage on top. Some brokers discover this match up to 100 %, which basically doubles your starting funds.
There are also free bonuses — a modest amount, usually around 10 to 50 dollars, just for opening an account. No deposit necessary.
To put this in perspective, several established brokers currently have sign-up bonuses up to several thousand in extra trading capital. That is real capital you can use from day one.
What to Watch Out For Before Using a Broker Partner Code
The most common condition is a trading volume requirement. You have to trade a specified amount of trades before the extra money become yours to keep. This is entirely typical practice and should not scare you.
Also verify whether the bonus has an expiry date, and what happens if you withdraw your initial deposit prior to meeting the trading target. Many brokers will forfeit the bonus if you do this.
Steps to Apply a Broker Partner Code
This process is quite simple. Source a active partner code from a reliable site. Go to your preferred broker's registration page. Complete your information as usual. Paste the partner code in the promo code field. Complete your sign-up and place your first deposit. The bonus will be added automatically.
The whole process should take maybe 5 to 10 minutes. No downside to using a valid partner code with a reputable broker. The fees stay the same. You just start with additional capital in your account. There is no reason to skip free capital on the table if all it requires is pasting a code at registration.