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CMC GIA £50 bonus until 30 April 2023

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  • Many thanks to the OP for the heads-up on this.

    I registered and deposited £50 on Sunday afternoon  (15/01) and the additional £50 has been credited to my account withion the last hour this morning (Wednesday 18/01).

    Best Wishes,
    David
    £6000 in 2023
  • Band7
    Band7 Posts: 2,285 Forumite
    1,000 Posts Name Dropper
    My bonus has also been credited - 3rd working day since sign-up
  • Alistair31
    Alistair31 Posts: 980 Forumite
    Seventh Anniversary 500 Posts Name Dropper
    edited 18 January 2023 at 11:14AM
    What to do with the £100 for 90 days, hmmm
  • What to do with the £100 for 90 days, hmmm
    You can withdraw your deposit of £50 and invest the £50 bonus. 
  • Costabit
    Costabit Posts: 187 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    It seems that they don't offer fractional investing so any suggestions for a global ETF that can be purchased for around the £50 mark ?
    I find the app slightly difficult to navigate through to find an ETF 
    I am thinking of withdrawing the deposit and just leaving the bonus simply invested and forgetting about it for a while
  • Band7
    Band7 Posts: 2,285 Forumite
    1,000 Posts Name Dropper
    Costabit said:
    It seems that they don't offer fractional investing so any suggestions for a global ETF that can be purchased for around the £50 mark ?
    I find the app slightly difficult to navigate through to find an ETF 
    I am thinking of withdrawing the deposit and just leaving the bonus simply invested and forgetting about it for a while
    You'll probably have to buy two or three different things, for example, something for around £30, something for around £10, and something for around £5. Doesn't matter if you have left any money over, as there is no obligation in the offer terms to invest £50 exactly (or anything, actually).
  • masonic
    masonic Posts: 27,343 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Costabit said:
    It seems that they don't offer fractional investing so any suggestions for a global ETF that can be purchased for around the £50 mark ?
    I find the app slightly difficult to navigate through to find an ETF 
    I am thinking of withdrawing the deposit and just leaving the bonus simply invested and forgetting about it for a while
    They carry SWDA for £62. That is the GBP share class. It's accumulating, so not a good pick if you are on self-assessment, have declarable capital gains, or exceed your dividend allowance, due to fiddly calculations. Read up on Excess Reportable Income if you fall into one of those categories.
    If you hold significant investments elsewhere, then picking a more focused ETF is going to have negligible impact on your asset allocation.
  • jimjames
    jimjames Posts: 18,697 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Account opened and the £50 top up received. Shame they seem limited on UK shares, quite a few investment trusts not available but very easy to trade and add money.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Bridlington1
    Bridlington1 Posts: 3,793 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    I don't know about anyone else but I can't seem to even create an account in the app. Whenever I click the create account button in the app I get taken to a message telling me how I can help them improve their app experience. There appears to be no buttons to press or any way of scrolling the page or anything.

    So far so good...
  • masonic
    masonic Posts: 27,343 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I don't know about anyone else but I can't seem to even create an account in the app. Whenever I click the create account button in the app I get taken to a message telling me how I can help them improve their app experience. There appears to be no buttons to press or any way of scrolling the page or anything.

    So far so good...
    I can't remember the exact process, but after entering various personal details, tax residency etc, my account was created automatically.
    It might be useful to others to note that it seems the bonus money is the last to be invested, so if you wish to withdraw your £50, I guess you'd need to remain uninvested until the bonus money arrives, and then make your withdrawal before investing. I ended up investing the whole £100 rather than fiddling around after having invested the £50 without withdrawing.
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