How to Use Partner Codes for Forex Trading
If you've ever registered with a trading broker, you have probably noticed a box requesting a partner code. Many traders skip right past it. That is a bad move, because using the correct code gives you a sign-up bonus of real money in extra funds.
A broker partner code is essentially a promotional code that you enter during sign-up. After you complete your initial deposit, the broker credits additional capital in your live account. Your trading conditions are not affected. You just have more money to start with.
Where to Find Active Partner Codes for Brokers
Not all codes you see on the internet are valid. A lot of broker partner codes shared online are outdated. A blogger posts a code when it is first released and then never checks it again. Six months later the promotion has expired but the page is still ranking in Google.
That is the reason specialised directories are worth using. Resources that regularly check their codes prior to publishing them spare you real wasted time. Use a directory that checks codes on an ongoing basis, not just when they first go up.
Types of Bonuses Available With a Partner Code
The standard type is the deposit match. You fund with a minimum amount and the broker credits a portion on top. Some brokers see more match up to 100 percent, which practically doubles your starting capital.
Some brokers offer free bonuses — a modest amount, typically around 10 to 50 dollars, just for opening an account. No deposit required.
Practically speaking, certain established brokers currently run sign-up bonuses of thousands of in bonus funds. That is real capital you can trade with from day one.
What to Know Before Using a Broker Partner Code
The main term is a turnover requirement. You must execute a minimum number of lots before the bonus become yours to keep. This is standard practice and does not need to scare you.
Additionally check if the bonus has an validity window, and what happens if you cash out your original deposit prior to hitting the trading requirement. Most brokers will void the bonus if you do this.
How to Apply a Broker Partner Code
The procedure is fairly simple. Get a active partner code from a reliable directory. Head to your selected broker's registration page. Fill in your details as normal. Enter the partner code in the partner code box. Complete your sign-up and place your opening deposit. The bonus will be credited on its own.
The whole process takes roughly five to ten minutes. There is no downside to entering a verified partner code with a regulated broker. The trading conditions remain identical. You just get additional capital in your account. There is no reason to leave extra capital unclaimed when all it requires is typing a code during sign-up.