Understanding Partner Codes for Online Trading

If you've ever registered with a forex broker, you have probably seen a field requesting a partner code. Many people skip right past it. That is a bad move, because applying the correct code unlocks a welcome bonus worth real money in additional funds.

A broker partner code is basically a promo code that you enter during account opening. Once you make your opening deposit, the broker gives you extra money in your live account. The fees stay the same. You just receive more capital to work with.

How to Get Valid Partner Codes for Brokers

Not every codes you come across on the internet actually work. A lot of broker partner codes floating around online are outdated. Someone posts a code when it is new and then moves on. Weeks later the code has expired but the article is still up.

That is the reason specialised verification sites are valuable. Directories that regularly verify their codes before listing them save you real hassle. Use a directory that checks codes on an ongoing basis, not just when they first go up.

Different Bonuses On Offer Through a Partner Code

The most common type is the deposit match. You put in a set amount and the broker credits a percentage on top. A few brokers match up to 100 %, which practically doubles your starting money.

Some brokers offer no-deposit bonuses — a small amount, usually somewhere between ten and fifty dollars, just for creating an account. No deposit required.

In real terms, some major brokers right now have welcome bonuses up to thousands of in bonus funds. That is real money you can use from day one.

Things to Be Aware Of Before Applying a Broker Partner Code

The standard condition is a turnover requirement. You must trade a specified amount of trades before the bonus funds become available for withdrawal. This is common across the industry and should not worry you.

Also verify whether the bonus has an expiry date, and what happens if you withdraw your initial deposit prior to hitting the volume target. Most brokers will cancel the bonus if you do this.

Steps to Apply a Broker Partner Code

This process is fairly straightforward. Get a active partner code from a trusted site. Go to your selected broker's sign-up page. Fill in your details as usual. Type the partner code in the partner code box. Submit your registration and make your initial deposit. The bonus should be applied on its own.

The entire process takes roughly a few minutes. There is no negative to applying a working partner code with a regulated broker. The trading conditions stay the same. You just get extra money in your account. the original source Do not miss bonus money on the table if all it takes is entering a code during sign-up.