If you have ever registered with a trading broker, you may have seen a box requesting a partner code. A lot of people skip right past it. That is a missed opportunity, because using the right code can get you a welcome bonus worth real money in free trading capital.
A broker partner code is essentially a promotional code that you input during account opening. After you make your opening deposit, the broker credits additional capital into your trading account. The commissions do not change. You just receive more money to start with.
How to Source Verified Partner Codes for Brokers
Not all codes you see through Google are still active. Most broker partner codes floating around online are dead. Someone lists a code when it is new and then forgets about it. Months later the code has expired but the article is still live.
That is the reason curated code sites are valuable. Sites that actively test their codes before publishing them spare you considerable wasted time. Look for a source that tests codes on a regular basis, not just once when they are first posted.
Types of Bonuses You Can Get Through a Partner Code
The most common type is the matching bonus. You fund with a set amount and the broker credits a portion on top. Some brokers match up to 100 percent, which basically doubles your opening funds.
Some brokers offer sign-up bonuses — a modest amount, usually around 10 to 50 dollars, just for creating an account. No deposit necessary.
Practically speaking, some well-known brokers right now offer welcome bonuses up to thousands of dollars. That is actual capital you can put to work from day one.
Things to Know Before Applying a Broker Partner Code
The standard condition is a trading volume requirement. You must execute a certain amount of trades before the bonus become available for withdrawal. read this This is common across the industry and does not need to put you off.
Also check whether the bonus has an time limit, and what happens if you pull out your initial deposit prior to hitting the trading target. Many brokers will void the bonus if you do this.
Steps to Use a Broker Partner Code
This process is pretty easy. Find a working partner code from a reliable site. Head to your preferred broker's sign-up page. Enter your information as usual. Enter the partner code in the partner code box. Complete your registration and complete your initial deposit. The bonus will be credited straight away.
The entire thing takes about a few minutes. There is no negative to applying a verified partner code with a regulated broker. The spreads remain identical. You just get extra money in your account. Do not skip free money going to waste when all it requires is pasting a code during sign-up.