If you have ever opened an account with a trading broker, you have probably seen a box asking for a partner code. A lot of people leave it blank. That is a bad move, because using the correct code gives you a sign-up bonus worth a significant amount in free funds.
A broker partner code is really just a promo code that you type in during account opening. Once you make your opening deposit, the broker adds extra money in your live account. The trading conditions do not change. You just receive additional funds to work with.
How to Source Active Partner Codes for Brokers
Not all codes you come across through Google are valid. Most broker partner codes shared online are dead. Some website owner publishes a code when it is first released and then forgets about it. Six months later the promotion has been discontinued but the page is still live.
This is why curated code sites matter. Resources that regularly test their codes prior to listing them spare you considerable wasted time. Use a source that tests codes on a regular basis, not just when they first go up.
Different Bonuses Available With a Partner Code
The most common type is the percentage match. You fund with a certain amount and the broker credits a percentage on top. Some brokers offer up to 100 percent, which practically doubles your starting funds.
There are also no-deposit bonuses — a modest amount, often somewhere between 10 to 50 dollars, just for creating an account. No deposit needed.
In real terms, certain major brokers currently have sign-up bonuses up to several thousand in extra trading capital. That is actual funds you can put to work from day one.
Things to Know Before Applying a Broker Partner Code
The main condition is a trading volume requirement. You have to complete a certain volume before the bonus become available for withdrawal. This is common practice and should not put you off.
Additionally check whether the bonus has an validity window, and what happens if you cash out your original deposit before reaching the volume target. Many brokers will forfeit the bonus if you do this.
How to Apply a Broker Partner website Code
The procedure is pretty simple. Get a verified partner code from a reliable site. Visit your chosen broker's sign-up page. Fill in your details as normal. Enter the partner code in the partner code field. Complete your sign-up and complete your first deposit. The bonus gets applied on its own.
The whole thing takes roughly 5 to 10 minutes. There is no negative to applying a verified partner code with a regulated broker. The spreads do not change. You just receive bonus funds in your account. There is no reason to leave free money unclaimed when all it requires is entering a code during sign-up.