How to Use Partner Codes for Online Brokers

If you've ever registered with a trading broker, you might have noticed a box requesting a partner code. Most people skip right past it. That is a mistake, because using the right code can get you a sign-up bonus worth a significant amount in extra money.

A broker partner code is really just a promo code that you input during account opening. After you place your first deposit, the broker adds additional capital into your trading account. Your spreads stay the same. You just have extra money to trade with.

Where to Get Working Partner Codes for Brokers

Not all codes you see online actually work. A lot of broker partner codes posted online are outdated. Someone lists a code when it is first released and then never checks it again. Six months later the code has been discontinued but the page is still ranking in Google.

This is why dedicated verification sites matter. Directories that actually the original source check their codes before listing them save you a lot of hassle. Use a site that tests codes on an ongoing basis, not just once when they are first posted.

Types of Bonuses Available Through a Partner Code

The most common type is the matching bonus. You fund with a certain amount and the broker adds a percentage on top. A few brokers offer up to 100 percent, which effectively doubles your starting capital.

Some brokers offer no-deposit bonuses — a small amount, typically somewhere between 10 to 50 dollars, just for creating an account. No deposit needed.

In real terms, some well-known brokers currently run welcome bonuses worth thousands of in bonus funds. That is real money you can trade with from day one.

What to Be Aware Of Before Applying a Broker Partner Code

The main term is a lot requirement. You have to trade a specified volume before the bonus funds become withdrawable. This is common practice and does not need to worry you.

Also check if the bonus has an time limit, and what happens if you withdraw your initial deposit before reaching the trading target. Most brokers will cancel the bonus if you do this.

Steps to Use a Broker Partner Code

This process is pretty easy. Source a working partner code from a reliable directory. Head to your chosen broker's registration page. Enter your details as normal. Enter the partner code in the promo code box. Finish your registration and place your first deposit. The bonus will be added automatically.

The entire thing takes about a few minutes. There is no disadvantage to using a working partner code with a licensed broker. The fees do not change. You just receive free funds in your account. Do not leave extra capital on the table when all it requires is entering a code at sign-up.