A Guide to Partner Codes for Online Trading

If you have ever registered with a trading broker, you may have noticed a box asking for a partner code. Many people skip right past it. That is a bad move, because using the right code unlocks a sign-up bonus worth real money in bonus funds.

A broker partner code is basically a promotional code that you input during sign-up. After you make your opening deposit, the broker credits additional capital into your live account. Your fees do not change. You just have extra funds to start with.

How to Find Active Partner Codes for Brokers

Very few of the codes you come across through Google are still active. A lot of broker partner codes floating around online are no longer active. Someone lists a code when it is first released and then never checks it again. Weeks later the offer has ended but the post is still live.

This is why dedicated directories are valuable. Resources that actually check their codes before publishing them save you real hassle. Look for a site that verifies codes on an ongoing basis, not just once when they are first posted.

Types of Bonuses On Offer Through a Partner Code

The most common type is the deposit match. You put in a certain amount and the broker adds a percentage on top. Certain brokers match up view site to 100 percent, which basically doubles your starting capital.

Some brokers offer no-deposit bonuses — a small amount, often around 10 to 50 dollars, just for registering an account. No deposit needed.

In real terms, several major brokers currently have welcome bonuses of several thousand dollars. That is genuine money you can trade with from day one.

What to Be Aware Of Before Entering a Broker Partner Code

The standard condition is a turnover requirement. You must trade a certain number of lots before the bonus become yours to keep. This is normal practice and does not need to put you off.

Additionally look at whether the bonus has an time limit, and what happens if you withdraw your original deposit prior to reaching the volume requirement. Most brokers will void the bonus if you do this.

How to Use a Broker Partner Code

The procedure is quite easy. Get a verified partner code from a trusted directory. Go to your preferred broker's sign-up page. Enter your information as normal. Paste the partner code in the promo code box. Submit your registration and make your initial deposit. The bonus will be applied on its own.

The whole thing should take maybe a few minutes. There is no negative to entering a verified partner code with a regulated broker. Your spreads do not change. You just get additional funds in your account. There is no reason to miss bonus money unclaimed when all it takes is pasting a code at sign-up.