IG 8.5% rate for new customers - any catch?

MatLoweRN

This might be a silly question but once you've accepted all the terms and conditions and completed your application, are you then able to see options for trading in ETFs, etc? 

I'm asking this as, at the moment, about all I can see is in the app is CFDs / spread betting and that's something that I personally do not want and would not want to then have to pay the inactivity or custody fee for not trading. 

kimwp

MatLoweRN said:

This might be a silly question but once you've accepted all the terms and conditions and completed your application, are you then able to see options for trading in ETFs, etc? 

I'm asking this as, at the moment, about all I can see is in the app is CFDs / spread betting and that's something that I personally do not want and would not want to then have to pay the inactivity or custody fee for not trading. 

Are you in the IG invest app? I think there's a different app for spread- betting/CFDs. If you select the app download on the IG page with this offer, you should get the right app.

NB, you'll still need to trade in this app 3+ times a quarter to avoid the custody fee (or satisfy some other condition)

MatLoweRN

kimwp said:

MatLoweRN said:

This might be a silly question but once you've accepted all the terms and conditions and completed your application, are you then able to see options for trading in ETFs, etc? 

I'm asking this as, at the moment, about all I can see is in the app is CFDs / spread betting and that's something that I personally do not want and would not want to then have to pay the inactivity or custody fee for not trading. 

Are you in the IG invest app? I think there's a different app for spread- betting/CFDs. If you select the app download on the IG page with this offer, you should get the right app.

NB, you'll still need to trade in this app 3+ times a quarter to avoid the custody fee (or satisfy some other condition)

Thanks!  

I have no idea how I managed to download the CFD app.  I started the application which involved providing my personal details and creating an account and password but stopped short of submitting the application because of the CFD element.  

I've now downloaded the invest app but I'm now wondering if I am no longer now a new customer and so won't qualify? 

kimwp

MatLoweRN said:

kimwp said:

MatLoweRN said:

This might be a silly question but once you've accepted all the terms and conditions and completed your application, are you then able to see options for trading in ETFs, etc? 

I'm asking this as, at the moment, about all I can see is in the app is CFDs / spread betting and that's something that I personally do not want and would not want to then have to pay the inactivity or custody fee for not trading. 

Are you in the IG invest app? I think there's a different app for spread- betting/CFDs. If you select the app download on the IG page with this offer, you should get the right app.

NB, you'll still need to trade in this app 3+ times a quarter to avoid the custody fee (or satisfy some other condition)

Thanks!  

I have no idea how I managed to download the CFD app.  I started the application which involved providing my personal details and creating an account and password but stopped short of submitting the application because of the CFD element.  

I've now downloaded the invest app but I'm now wondering if I am no longer now a new customer and so won't qualify? 

I don't know, but I think it's about when you make your first ever trade with them (this needing to be by the 31st may). But you could try doing a trade (I just bought one unit of the Invesco all world at £5 ish) and see if you get the "you are eligible if you fulfill all the conditions" - mine arrived four days after the trade.

MatLoweRN

kimwp said:

MatLoweRN said:

kimwp said:

MatLoweRN said:

This might be a silly question but once you've accepted all the terms and conditions and completed your application, are you then able to see options for trading in ETFs, etc? 

I'm asking this as, at the moment, about all I can see is in the app is CFDs / spread betting and that's something that I personally do not want and would not want to then have to pay the inactivity or custody fee for not trading. 

Are you in the IG invest app? I think there's a different app for spread- betting/CFDs. If you select the app download on the IG page with this offer, you should get the right app.

NB, you'll still need to trade in this app 3+ times a quarter to avoid the custody fee (or satisfy some other condition)

Thanks!  

I have no idea how I managed to download the CFD app.  I started the application which involved providing my personal details and creating an account and password but stopped short of submitting the application because of the CFD element.  

I've now downloaded the invest app but I'm now wondering if I am no longer now a new customer and so won't qualify? 

I don't know, but I think it's about when you make your first ever trade with them (this needing to be by the 31st may). But you could try doing a trade (I just bought one unit of the Invesco all world at £5 ish) and see if you get the "you are eligible if you fulfill all the conditions" - mine arrived four days after the trade.

Thanks, I will be doing what you suggest over the weekend.

kimwp

MatLoweRN said:

kimwp said:

MatLoweRN said:

kimwp said:

MatLoweRN said:

This might be a silly question but once you've accepted all the terms and conditions and completed your application, are you then able to see options for trading in ETFs, etc? 

I'm asking this as, at the moment, about all I can see is in the app is CFDs / spread betting and that's something that I personally do not want and would not want to then have to pay the inactivity or custody fee for not trading. 

Are you in the IG invest app? I think there's a different app for spread- betting/CFDs. If you select the app download on the IG page with this offer, you should get the right app.

NB, you'll still need to trade in this app 3+ times a quarter to avoid the custody fee (or satisfy some other condition)

Thanks!  

I have no idea how I managed to download the CFD app.  I started the application which involved providing my personal details and creating an account and password but stopped short of submitting the application because of the CFD element.  

I've now downloaded the invest app but I'm now wondering if I am no longer now a new customer and so won't qualify? 

I don't know, but I think it's about when you make your first ever trade with them (this needing to be by the 31st may). But you could try doing a trade (I just bought one unit of the Invesco all world at £5 ish) and see if you get the "you are eligible if you fulfill all the conditions" - mine arrived four days after the trade.

Thanks, I will be doing what you suggest over the weekend.

No worries, NB I couldn't buy that etf at the weekend, I think because the markets are closed then.

MatLoweRN

kimwp said:

MatLoweRN said:

kimwp said:

MatLoweRN said:

kimwp said:

MatLoweRN said:

This might be a silly question but once you've accepted all the terms and conditions and completed your application, are you then able to see options for trading in ETFs, etc? 

I'm asking this as, at the moment, about all I can see is in the app is CFDs / spread betting and that's something that I personally do not want and would not want to then have to pay the inactivity or custody fee for not trading. 

Are you in the IG invest app? I think there's a different app for spread- betting/CFDs. If you select the app download on the IG page with this offer, you should get the right app.

NB, you'll still need to trade in this app 3+ times a quarter to avoid the custody fee (or satisfy some other condition)

Thanks!  

I have no idea how I managed to download the CFD app.  I started the application which involved providing my personal details and creating an account and password but stopped short of submitting the application because of the CFD element.  

I've now downloaded the invest app but I'm now wondering if I am no longer now a new customer and so won't qualify? 

I don't know, but I think it's about when you make your first ever trade with them (this needing to be by the 31st may). But you could try doing a trade (I just bought one unit of the Invesco all world at £5 ish) and see if you get the "you are eligible if you fulfill all the conditions" - mine arrived four days after the trade.

Thanks, I will be doing what you suggest over the weekend.

No worries, NB I couldn't buy that etf at the weekend, I think because the markets are closed then.

Ha,ha. I forgot about that minor detail!

moneywow1

Here's what I did

Opened an IG share dealing account last weekend

Once it was open, I opened an ISA and filled in the transfer form. On the Monday I got an email saying the documentation had been sent to T212

Then a few days ago I put £25 in and bought shares in 3 random companies as separate orders 

Then I got this email yesterday

"You've boosted your earnings, here's how to keep your 8.5% AER variable rate

Congratulations on your first investment with IG! You're now on track to earn an impressive 8.5% AER variable on your uninvested cash*, on balances up to £100k.

All you need to do to keep your bonus rate is keep your position open or make new investments each calendar month between now and August 31st, 2025 to earn this offer until 31st August."

Loxy1

I currently have a Halifax share dealing ISA, the IG deal sounds good as I'm often partially in cash, can anyone advise how the spreads compare, are they fixed or do they sometimes better the price as Halifax do?

kimwp

Loxy1 said:

I currently have a Halifax share dealing ISA, the IG deal sounds good as I'm often partially in cash, can anyone advise how the spreads compare, are they fixed or do they sometimes better the price as Halifax do?

Remember you only have til close of markets on Friday to make a trade on IG if you want the 8.5%