How to Use Partner Codes for Online Brokers

If you've ever signed up for a trading broker, you have probably seen a box requesting a partner code. A lot of traders ignore it completely. That is a missed opportunity, because entering the right code gives you a welcome bonus of real money in bonus money.

A broker partner code is basically a promotional code that you enter during registration. After you make your first deposit, the broker adds extra money into your trading account. The commissions do not change. You just receive extra funds to trade with.

Where to Get Valid Partner Codes for Brokers

Very few of the codes you see through Google are valid. Many broker partner codes floating around online are outdated. A blogger lists a code when it is new and then moves on. Weeks later the promotion has ended but the article is still up.

This is why dedicated code sites are worth using. Sites that regularly test their codes prior to listing them save you a lot of frustration. Look for a directory that checks codes on a regular basis, not just when they first go up.

Types of Bonuses On Offer With a Partner Code

By far the most popular type is the matching bonus. You deposit a certain amount and the broker adds a percentage on top. Some brokers offer up to 100 %, which basically doubles your initial money.

Some brokers offer sign-up bonuses — a small amount, usually around 10 to 50 dollars, just for creating an account. No deposit needed.

Practically speaking, some major brokers currently offer sign-up the original source bonuses worth thousands of dollars. That is genuine money you can trade with from day one.

Things to Watch Out For Before Using a Broker Partner Code

The main term is a lot requirement. You have to execute a minimum volume before the extra money are made yours to keep. This is common practice and should not worry you.

Additionally check whether the bonus has an expiry date, and what happens if you cash out your original deposit before meeting the volume requirement. Most brokers will void the bonus if you do this.

Steps to Activate a Broker Partner Code

This procedure is fairly straightforward. Get a working partner code from a reputable source. Head to your selected broker's sign-up page. Fill in your information as usual. Type the partner code in the promotional code field. Finish your sign-up and place your opening deposit. The bonus will be credited straight away.

The entire thing takes maybe 5 to 10 minutes. No downside to using a verified partner code with a reputable broker. Your fees remain identical. You just get bonus capital in your account. Do not skip bonus funds on the table when all it takes is entering a code during sign-up.