If you've ever registered with a forex broker, you might have noticed a box asking for a partner code. Many traders leave it blank. That is a missed opportunity, because entering the correct code can get you a deposit bonus of a significant amount in additional trading capital.
A find out broker partner code is really just a promotional code that you input during sign-up. After you complete your opening deposit, the broker gives you extra money in your live account. The commissions do not change. You just have extra funds to start with.
How to Source Working Partner Codes for Brokers
Not every codes you see on the internet actually work. Many broker partner codes posted online are expired. Someone posts a code when it is new and then never checks it again. Months later the promotion has been discontinued but the post is still live.
This is why dedicated directories are valuable. Sites that actively check their codes before listing them save you considerable frustration. Look for a site that checks codes on a regular basis, not just once when they are first posted.
Types of Bonuses Available Using a Partner Code
By far the most popular type is the deposit match. You deposit a set amount and the broker credits a percentage on top. A few brokers match up to 100 percent, which practically doubles your starting capital.
There are also free bonuses — a token amount, often around ten and fifty dollars, just for opening an account. No deposit necessary.
Practically speaking, several well-known brokers currently offer sign-up bonuses worth thousands of in extra trading capital. That is real money you can put to work from day one.
What to Be Aware Of Before Entering a Broker Partner Code
The most common requirement is a lot requirement. You must trade a specified amount of trades before the extra money are made withdrawable. This is entirely typical across the industry and does not need to put you off.
Also verify if the bonus has an time limit, and what happens if you pull out your initial deposit prior to meeting the trading threshold. Most brokers will cancel the bonus if you do this.
Steps to Activate a Broker Partner Code
This procedure is quite straightforward. Get a working partner code from a trusted directory. Head to your selected broker's registration page. Complete your details as usual. Type the partner code in the partner code box. Complete your registration and complete your first deposit. The bonus should be added straight away.
The entire process takes about a few minutes. No downside to applying a verified partner code with a regulated broker. The fees do not change. You just receive free money in your account. Do not leave bonus capital going to waste if all it requires is typing a code at registration.