Following on from its £3,000 cashback transfer offer, popular trading app IG is now going up a gear by increasing their transfer offer to (up to) a whopping £5,000 in cold, hard cash to new customers.
Open a new IG account. 👤
You'll need to use code TRANSFER5000 and you can't have previously held a share dealing account with IG.
Submit transfer request. 💸
You need to submit a completed IG transfer form by 23:59 on 31 May 2026.
Complete your transfer. ✅
The transfer of at least £10,000 must complete by 31 July 2026.
Place at least one trade. 🛒
You need to make at least one investment with your new account.
Keep your account active until 31 May 2027 ⏳
Maintain at least 1 open position (e.g. hold a stock) until at least 31 May 2027.
Receive your cashback 🎉
By 30 June 2027, IG will award you cashback based on the total value of your qualifying transfers (up to a £5,000 maximum).
Capital at risk.
If that’s put you off, check out more free-share deals. Otherwise, let’s go through those “need-to-knows” one-by-one.
You must live in the UK, be over 18, and you cannot previously have traded in a GIA, ISA or SIPP with IG. Yes, that is rather a lot of abbreviations.
You need submit a completed IG transfer form by midnight on 31 May 2026 to initiate a transfer of at least £10,000 from one of your accounts elsewhere to begin moving over to IG. You can make a transfer into your new GIA, stocks and shares ISA, or self-invested personal penion (SIPP). You can open an IG account within just a few minutes. Sometimes IG does extend its offers, but you can’t bank on that.
Along with starting your transfer by 31 May, you need to ensure you’ve left enough time for the transfer to fully complete by 31 July. Sometimes ISA and SIPP transfers can take a few weeks, so it’s worth getting the ball rolling as soon as you can to make sure you’ve left enough breathing room.
This part of the process is largely out of your hands, but just like solicitors blaming each other when you’re buying a house, your old trading platform may blame IG for any delays to the transfer, and vice versa… in which case a little chasing up could be needed.
This means you’ll need to actually buy some stocks or ETFs before the end of May, and hold them for a year. Confusingly, the dealine for opening your first position is before the deadline for the transfer to complete. So there’s an outside chance you may have to press on and place a trade before your transfer has gone through, in order to be eligible your reward.
The good news is that share dealing on IG is commission-free. Expect to pay stamp duty of 0.5% if you opt for a UK stock, or a 0.7% FX fee if it’s not a UK stock.
You’ll need to hold your initial investment (i.e. not sell your shares) until at least 31 May 2027. During that time, its value could go up or down.
The size of the cashback reward depends on how much you transfer in. To get the full £5,000 you’d need to transfer a cool £1m or more.
| Transfer amount | Cashback Award |
|---|---|
| £10,000 – £20,000 | £100 |
| £20,001 – £50,000 | £250 |
| £50,001 – £100,000 | £500 |
| £100,001 – £250,000 | £1,000 |
| £250,001 – £500,000 | £2,000 |
| £500,001 – £1,000,000 | £3,000 |
| Over £1,000,000 | £5,000 |
Your cashback will be credited to your general investment account (GIA) (not an ISA or SIPP, if that’s what you opened) by the end of June 2027.
Both the £5,000 (minimum) transfer you’re required to make plus any other investments you decide to make can go up or down in value. That’s the nature of share trading.
IG is a comprehensive all-in-one investing platform, which has been around since 1974 and has over 300,000 clients to date. IG caters to beginners with its “IG Invest” app and more experienced investors with its flagship trading platform, offering a wide range of investments and ready-made portfolios.
IG is also now commission-free and gives you access to plenty of trading tools and access to various accounts.
You can check out our full review of IG if you want to learn more.
IG’s up to £5,000 cashback offer is great if you’re new to the platform and you plan on making a decent-sized transfer at the start of the new tax year. It’s a good way to dive into IG’s extensive 0% commission investing platform. Getting up to £5,000 worth of free cash is a strong incentive. Just make sure you understand and are happy with the need-to-knows outlined above… especially the actual cashback amount you’ll receive (which depends on the transfer amount).
If you don’t like this deal or if you miss out because you weren’t quick enough to take it up (don’t say we didn’t warn you), you can check out all of IG’s other offers here, or have a look at some alternative deals below:
Get free shares up to £100
Earn 4.51% AER variable tax-free with Finder's link
Get a free Barclays, Rolls-Royce, Tesco, Glencore or BP share
Sign-up welcome bonus of £20-£200 (deposit £100)
Free stock worth £10-£100 (deposit £50)
Get up to 3% cashback
Earn 3.8% on uninvested cash
Refer a friend and get up to £100 each
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