How to Use Partner Codes for Forex Trading

If you've ever opened an account with a forex broker, you have probably seen a box asking for a partner code. Many people skip right past it. That is a bad move, because entering the right code unlocks a sign-up bonus worth a significant amount in additional trading capital.

A broker partner code is really just a promo code that you enter during sign-up. Once you make your initial deposit, the broker credits additional capital into your trading account. The commissions stay the same. You just start with extra funds to start with.

How to Source Active Partner Codes for Brokers

Very few of the codes you come across online actually work. Most broker partner codes shared online are dead. Some website owner lists a code when it is new and then forgets about it. Months get more information later the offer has ended but the article is still up.

This is why dedicated verification sites are worth using. Sites that regularly check their codes prior to publishing them spare you real frustration. Look for a source that tests codes on an ongoing basis, not just once when they are first posted.

Types of Bonuses On Offer Using a Partner Code

By far the most popular type is the percentage match. You fund with a set amount and the broker matches a percentage on top. Some brokers offer up to 100 %, which basically doubles your opening money.

There are also sign-up bonuses — a token amount, often around 10 to 50 dollars, just for creating an account. No deposit required.

To put this in perspective, some well-known brokers right now run sign-up bonuses of several thousand dollars. That is real funds you can use from day one.

What to Watch Out For Before Using a Broker Partner Code

The most common requirement is a trading volume requirement. You have to execute a specified number of lots before the bonus become yours to keep. This is entirely typical in the forex world and does not need to put you off.

Also verify if the bonus has an expiry date, and what happens if you cash out your original deposit prior to hitting the volume requirement. Most brokers will cancel the bonus if you do this.

How to Activate a Broker Partner Code

This process is pretty simple. Source a verified partner code from a reputable site. Go to your selected broker's registration page. Enter your information as normal. Enter the partner code in the partner code box. Submit your sign-up and complete your opening deposit. The bonus gets applied automatically.

The whole thing should take roughly 5 to 10 minutes. No negative to using a valid partner code with a reputable broker. The trading conditions do not change. You just receive free money in your account. There is no reason to miss free money on the table if all it requires is entering a code during sign-up.