A Guide to Partner Codes for Forex Trading
If you have ever opened an account with a forex broker, you have probably noticed a field requesting a partner code. Many traders ignore it completely. That is a bad move, because applying the right code can get you a sign-up bonus of hundreds or even thousands in bonus trading capital.
A broker partner code is really just a promo code that you enter during sign-up. Once you make your first deposit, the broker adds extra money into your trading account. The fees remain unchanged. You just have extra funds to start with.
Where to Source Working Partner Codes for Brokers
Not every codes you find through Google are still active. A lot of broker partner codes floating around online are no longer active. Some website owner lists a code when it is new and then never checks it again. Six months later the code has expired but the article is still live.
That is the reason dedicated directories matter. Directories that actively verify their codes before publishing them save you a lot of frustration. Look for a directory that checks codes on a regular basis, not just once when they are first posted.
Types of Bonuses Available With a Partner Code
The standard type is the deposit match. You deposit a minimum amount and the broker matches a portion on top. Certain brokers offer up to 100 %, which practically doubles your initial capital.
There are also no-deposit bonuses — a token amount, typically around ten and fifty dollars, just for creating an account. No deposit necessary.
In real terms, certain established brokers right now have welcome bonuses of several thousand in bonus funds. That is genuine funds you can use from day one.
Things to Know Before Applying a Broker Partner Code
The most common condition is a lot requirement. You must execute a specified volume before the extra money are made yours to keep. This is entirely typical practice and should not put you off.
Also check whether the bonus has an validity window, and what happens if you withdraw your initial deposit prior to meeting the trading requirement. Many brokers will cancel the bonus if you do this.
Steps to Activate a Broker Partner Code
The procedure is quite straightforward. Find a working partner code from a reputable source. Visit your preferred broker's registration page. Fill in your details as normal. Enter the partner code in the promo code box. Complete your sign-up and complete your initial deposit. The bonus should be credited on its own.
The entire process takes roughly 5 to 10 minutes. No negative to using a verified partner code with a reputable broker. Your trading conditions do not change. view more information You just get additional capital in your account. There is no reason to miss extra money unclaimed if all it requires is pasting a code at sign-up.