How to Use Partner Codes for Forex Brokers
If you've ever registered with a forex broker, you may have noticed a box requesting a partner code. A lot of traders leave it blank. That is a missed opportunity, because entering the correct code can get you a sign-up bonus worth hundreds or even thousands in free cash.
A broker partner code is really just a promo code that you input during sign-up. After you place your first reference deposit, the broker adds additional capital in your live account. The trading conditions do not change. You just receive extra funds to trade with.
Where to Source Valid Partner Codes for Brokers
Not all codes you find on the internet are still active. Most broker partner codes posted online are expired. A blogger publishes a code when it is first released and then never checks it again. Weeks later the offer has been discontinued but the page is still live.
This is why specialised verification sites are worth using. Resources that regularly verify their codes before listing them spare you real frustration. Find a site that tests codes on an ongoing basis, not just once when they are first posted.
Types of Bonuses On Offer Through a Partner Code
By far the most popular type is the percentage match. You fund with a certain amount and the broker matches a portion on top. Some brokers offer up to 100 %, which effectively doubles your starting funds.
There are also sign-up bonuses — a modest amount, usually somewhere between 10 to 50 dollars, just for creating an account. No deposit required.
Practically speaking, some well-known brokers currently run welcome bonuses worth several thousand in extra trading capital. That is genuine funds you can use from day one.
What to Watch Out For Before Applying a Broker Partner Code
The main condition is a turnover requirement. You need to execute a certain number of lots before the bonus become available for withdrawal. This is normal across the industry and does not need to scare you.
Also look at whether the bonus has an expiry date, and what happens if you pull out your original deposit before reaching the volume threshold. Most brokers will void the bonus if you do this.
Steps to Apply a Broker Partner Code
This procedure is fairly easy. Find a verified partner code from a reliable source. Go to your preferred broker's registration page. Complete your information as normal. Type the partner code in the promotional code field. Complete your registration and complete your first deposit. The bonus will be applied automatically.
The entire thing should take about a few minutes. There is no negative to using a valid partner code with a reputable broker. Your fees stay the same. You just receive additional money in your account. Do not miss bonus capital unclaimed when all it takes is entering a code at registration.