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 TRANSFER5K and you can't have previously held a share dealing account with IG.
Transfer to the account. 💳
You need to submit a transfer form by 31 May 2026 and complete a transfer of at least £5,000 by 31 July 2026.
Maintain at least one open position. 🛒
You need to make at least one investment with your new account.
Keep your account active until 31 May 2027 ⏳
Hold your initial investment until at least 31 May 2027.
Receive your cashback 🎉
By 30 June 2027, IG will award you 1% 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 complete a transfer form by 31 May 2026 to initiate a transfer of at least £5,000 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 at least 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 means you’ll need to actually buy some stocks or ETFs. The good news is that share dealing on IG is commission-free, but 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.
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.
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
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)
Earn 4.61% AER variable tax-free with Finder's link
Get up to £5,000 cashback on ISA transfers
Get up to 3% cashback
Get up to £100 in US fractional shares
Free currency conversion up to £10,000
Earn 3.8% on uninvested cash
Refer a friend and get up to £100 each
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