How to Use Partner Codes for Forex Brokers

If you've ever opened an account with a trading broker, you have probably come across a field asking for a partner code. Most people ignore it completely. That is a bad move, because applying the correct code unlocks a welcome bonus of a significant amount in bonus cash.

A broker partner code is essentially a promotional code that you input during sign-up. Once you make your first deposit, the broker credits extra money into your live account. Your fees stay the same. You just have more capital to start with.

How to Find Active Partner Codes for Brokers

Not every codes you find online are valid. Many broker partner codes floating around online are dead. A blogger lists a code when it is first released and then moves on. Weeks later the offer has been discontinued but the article is still up.

This is why curated directories are valuable. Directories that actively test their codes before publishing them save you real wasted time. Find a source that tests codes on an ongoing basis, not just when they first go up.

Different Bonuses Available Using a Partner Code

The standard type is the deposit match. You put in a certain amount and the broker matches a percentage on top. Some brokers offer up to 100 percent, which effectively doubles your starting capital.

There are also free bonuses — a token amount, often around 10 to 50 dollars, just for registering an account. No deposit needed.

In real terms, several established brokers currently run sign-up bonuses worth thousands of dollars. That is genuine funds you can use from day one.

What to Know Before Applying a Broker Partner Code

The main term is a turnover requirement. You have to complete a minimum amount of trades before the bonus funds are made withdrawable. This is standard across the industry and should not put you off.

Also look at the full details if the bonus has an validity window, and what happens if you pull out your original deposit prior to reaching the trading threshold. Most brokers will void the bonus if you do this.

How to Activate a Broker Partner Code

The process is quite easy. Find a working partner code from a reliable directory. Go to your chosen broker's registration page. Fill in your information as usual. Type the partner code in the promo code field. Submit your sign-up and make your initial deposit. The bonus will be added straight away.

The whole thing takes roughly a few minutes. No disadvantage to applying a verified partner code with a reputable broker. The trading conditions do not change. You just get extra capital in your account. There is no reason to leave free money on the table if all it requires is typing a code at sign-up.