CMC GIA £50 bonus until 30 April 2023

Middle_of_the_Road

flaneurs_lobster said:

adindas said:

Middle_of_the_Road said:

Another thanks to the OP. I just opened an account  and deposited £50, very straightforward and instant set-up.
Invested the whole amount in a single UK company as a speculative punt. Probably won't invest the bonus when it's paid out, and withdraw everything ASAP. 

ForumUser7 said:

Hi, I’m going to make use of this offer and have noted forumites have mentioned you need to keep the bonus there for 90 days, but it doesn’t have to be invested.

Is SONIA probably the safest to put it in? I intend to withdraw it as soon as I can, but I’m new to choosing stocks and shares.

Thank you

EDIT: something like a royal London short term money market, if CMC offers this

I understand from the discussion in this forum (have not looked at the TCs) you will need to keep investment of £2.5k in the account for at least one year to get £50.

But sometimes what is stated in the TCs ia not what is applied in their system.

If this is the case IMO, it is worthy when you would want to open this account anyway.

They have limited number of shares to offer compared to other platform. Also its FX fee is reasonable but not the cheapest one.

I think that there are two £50 freebies from CMC being confused in this thread.

Invest £50 and we'll give you £50

and 

Transfer to us and ger £50 - £250

Correct-

Welcome Bonus Terms and Conditions | CMC Invest

ForumUser7

flaneurs_lobster said:

adindas said:

Middle_of_the_Road said:

Another thanks to the OP. I just opened an account  and deposited £50, very straightforward and instant set-up.
Invested the whole amount in a single UK company as a speculative punt. Probably won't invest the bonus when it's paid out, and withdraw everything ASAP. 

ForumUser7 said:

Hi, I’m going to make use of this offer and have noted forumites have mentioned you need to keep the bonus there for 90 days, but it doesn’t have to be invested.

Is SONIA probably the safest to put it in? I intend to withdraw it as soon as I can, but I’m new to choosing stocks and shares.

Thank you

EDIT: something like a royal London short term money market, if CMC offers this

I understand from the discussion in this forum (have not looked at the TCs) you will need to keep investment of £2.5k in the account for at least one year to get £50.

But sometimes what is stated in the TCs ia not what is applied in their system.

If this is the case IMO, it is worthy when you would want to open this account anyway.

They have limited number of shares to offer compared to other platform. Also its FX fee is reasonable but not the cheapest one.

I think that there are two £50 freebies from CMC being confused in this thread.

Invest £50 and we'll give you £50

and 

Transfer to us and get £50 - £250

@Adindas - sorry, I somehow missed your message

@Flaneurs_lobster - I'm looking at the invest £50 get £50 offer

adindas

flaneurs_lobster said:

adindas said:

Middle_of_the_Road said:

Another thanks to the OP. I just opened an account  and deposited £50, very straightforward and instant set-up.
Invested the whole amount in a single UK company as a speculative punt. Probably won't invest the bonus when it's paid out, and withdraw everything ASAP. 

ForumUser7 said:

Hi, I’m going to make use of this offer and have noted forumites have mentioned you need to keep the bonus there for 90 days, but it doesn’t have to be invested.

Is SONIA probably the safest to put it in? I intend to withdraw it as soon as I can, but I’m new to choosing stocks and shares.

Thank you

EDIT: something like a royal London short term money market, if CMC offers this

I understand from the discussion in this forum (have not looked at the TCs) you will need to keep investment of £2.5k in the account for at least one year to get £50.

But sometimes what is stated in the TCs ia not what is applied in their system.

If this is the case IMO, it is worthy when you would want to open this account anyway.

They have limited number of shares to offer compared to other platform. Also its FX fee is reasonable but not the cheapest one.

I think that there are two £50 freebies from CMC being confused in this thread.

Invest £50 and we'll give you £50

and 

Transfer to us and get £50 - £250

"The welcome bonus is a £50 gift, credited to your General Investment Account, when you join CMC Invest as a new customer. We want to encourage you to start your investing journey with us and with a little bit of seed money.

How do I get the welcome bonus?

To be eligible for the welcome bonus, you must successfully open a General Investment Account (GIA) and fund/deposit a minimum amount of £50 to your GIA, within the first 30 calendar days, from the date your account was opened. (Funding your ISA will not count towards your eligibility for the welcome bonus.)

When will I receive the welcome bonus?

Upon successfully fulfilling the eligibility criteria, you will receive the welcome bonus within 6 business days into your General Investment Account."

I do not see any requirement to invest this £50 deposit, or have I missed something here ??

Do you get £50 bonus after 30+6 working days even just stay in cash without purchasing any investment??

Middle_of_the_Road

adindas said:

When will I receive the welcome bonus?

Upon successfully fulfilling the eligibility criteria, you will receive the welcome bonus within 6 business days into your General Investment Account."

I do not see any requirement to invest this £50 deposit, or have I missed something here ??

Do you get £50 bonus after 30+6 working days even just stay in cash without purchasing any investment??

This is how I see it...

You don't have to invest, just deposit £50 within 30 days.
If you deposit on day one, you'll get the bonus within 6 days.
If you deposit on day 30 it will be 6 days after that.
If you deposit after 30 days....no bonus

ForumUser7

Middle_of_the_Road said:

adindas said:

When will I receive the welcome bonus?

Upon successfully fulfilling the eligibility criteria, you will receive the welcome bonus within 6 business days into your General Investment Account."

I do not see any requirement to invest this £50 deposit, or have I missed something here ??

Do you get £50 bonus after 30+6 working days even just stay in cash without purchasing any investment??

This is how I see it...

You don't have to invest, just deposit £50 within 30 days.
If you deposit on day one, you'll get the bonus within 6 days.
If you deposit on day 30 it will be 6 days after that.
If you deposit after 30 days....no bonus

I think the same. I've deposited £50 and am holding it as cash, and I've sent CMC a message to confirm I've done all I need to. I guess this'll act as confirmation of the above

adindas

ForumUser7 said:

Middle_of_the_Road said:

adindas said:

When will I receive the welcome bonus?

Upon successfully fulfilling the eligibility criteria, you will receive the welcome bonus within 6 business days into your General Investment Account."

I do not see any requirement to invest this £50 deposit, or have I missed something here ??

Do you get £50 bonus after 30+6 working days even just stay in cash without purchasing any investment??

This is how I see it...

You don't have to invest, just deposit £50 within 30 days.
If you deposit on day one, you'll get the bonus within 6 days.
If you deposit on day 30 it will be 6 days after that.
If you deposit after 30 days....no bonus

I think the same. I've deposited £50 and am holding it as cash, and I've sent CMC a message to confirm I've done all I need to. I guess this'll act as confirmation of the above

Easy money then ...

ForumUser7

adindas said:

ForumUser7 said:

Middle_of_the_Road said:

adindas said:

When will I receive the welcome bonus?

Upon successfully fulfilling the eligibility criteria, you will receive the welcome bonus within 6 business days into your General Investment Account."

I do not see any requirement to invest this £50 deposit, or have I missed something here ??

Do you get £50 bonus after 30+6 working days even just stay in cash without purchasing any investment??

This is how I see it...

You don't have to invest, just deposit £50 within 30 days.
If you deposit on day one, you'll get the bonus within 6 days.
If you deposit on day 30 it will be 6 days after that.
If you deposit after 30 days....no bonus

I think the same. I've deposited £50 and am holding it as cash, and I've sent CMC a message to confirm I've done all I need to. I guess this'll act as confirmation of the above

Easy money then ...

Yep, seems quite generous of them! I’m going to look into the Wealthify offer tomorrow too - my only concern with that one is the bonus isn’t FSCS covered, but I guess given they are part of Aviva, it may all be fine

granta

ForumUser7 said:

Middle_of_the_Road said:

adindas said:

When will I receive the welcome bonus?

Upon successfully fulfilling the eligibility criteria, you will receive the welcome bonus within 6 business days into your General Investment Account."

I do not see any requirement to invest this £50 deposit, or have I missed something here ??

Do you get £50 bonus after 30+6 working days even just stay in cash without purchasing any investment??

This is how I see it...

You don't have to invest, just deposit £50 within 30 days.
If you deposit on day one, you'll get the bonus within 6 days.
If you deposit on day 30 it will be 6 days after that.
If you deposit after 30 days....no bonus

I think the same. I've deposited £50 and am holding it as cash, and I've sent CMC a message to confirm I've done all I need to. I guess this'll act as confirmation of the above

I took up the offer in January. Received the £50 bonus, forgot to invest it, and only remembered I had the bonus when this thread was revived this week. Logged in today and withdrew bonus no problem as 90 days had passed.

TheBanker

ForumUser7 said:

Yep, seems quite generous of them! I’m going to look into the Wealthify offer tomorrow too - my only concern with that one is the bonus isn’t FSCS covered, but I guess given they are part of Aviva, it may all be fine

The Wealthify offer is different. You have to invest your money (there's no option to leave it as cash) and leave it invested for 12 months to receive the bonus.

There's also a Refer a Friend offer which requires a £250 investment from the friend, to receive £50 after three months. 

I wouldn't worry about FSCS cover but there is more of a chance of loss with these offers due to the need to invest. 

ForumUser7

TheBanker said:

ForumUser7 said:

Yep, seems quite generous of them! I’m going to look into the Wealthify offer tomorrow too - my only concern with that one is the bonus isn’t FSCS covered, but I guess given they are part of Aviva, it may all be fine

I wouldn't worry about FSCS cover but there is more of a chance of loss with these offers due to the need to invest. 

I believe the bonus on the wealthily offer is only paid after 12 months, I meant if wealthily was to go out of business in the meantime, the bonus would be lost - according to the MSE article.

If wealthily don't go under, all should be fine though - I plan to use the first offer, put £50 in and select their most cautious option, and then withdraw it after 12 months along with my bonus.