A Guide to Partner Codes for Online Trading
If you have ever signed up for a trading broker, you may have seen a field asking for a partner code. Most new traders skip right past it. That is a missed opportunity, because entering the right code can get you a welcome bonus of hundreds or even thousands in free funds.
A broker partner code is essentially a referral code that you input during account opening. Once you complete your first deposit, the broker credits bonus funds in your trading account. The spreads stay the same. You just have more funds to trade with.
How to Find Verified Partner Codes for Brokers
Not every codes you see online are still active. Most broker partner codes shared online are expired. Some website owner posts a code when it is new and then moves on. Weeks later the promotion has expired but the post is still up.
This is why dedicated code sites are worth using. Resources that actively test their codes prior to listing them spare you real hassle. Look for a site that checks codes on an ongoing basis, not just once when they are first posted.
Types of Bonuses Available Through a Partner Code
By far the most popular type is the deposit match. You put in a minimum amount and the broker matches a portion on top. Some brokers match up to 100 percent, which practically doubles your opening funds.
Some brokers offer free bonuses — a small amount, often somewhere between 10 to 50 dollars, just for registering an account. No deposit necessary.
To put this in perspective, some well-known brokers right now offer sign-up bonuses of several thousand in extra trading capital. That is actual funds you can use from day one.
Things to Know Before Applying a Broker Partner Code
The standard requirement is a lot requirement. You need to complete a minimum amount of trades before the bonus become yours to keep. This is more info entirely typical practice and does not need to worry you.
Additionally verify whether the bonus has an expiry date, and what happens if you withdraw your initial deposit before reaching the volume threshold. Many brokers will forfeit the bonus if you do this.
Steps to Use a Broker Partner Code
The procedure is fairly straightforward. Source a active partner code from a reliable directory. Visit your chosen broker's sign-up page. Enter your details as usual. Enter the partner code in the promo code box. Finish your registration and place your first deposit. The bonus should be applied automatically.
The entire thing should take about 5 to 10 minutes. There is no disadvantage to using a working partner code with a regulated broker. The trading conditions do not change. You just receive free funds in your account. Do not skip free money going to waste when all it takes is entering a code at registration.