These terms and conditions (“Terms and Conditions”) apply to the new ISA cashback incentive (“Promotion”). By participating in the Promotion, you agree to be bound by these Terms and Conditions as well as the Customer Agreement for your IG account. If any provision of these Terms and Conditions conflicts with any provision of the Customer Agreement, the Customer Agreement shall prevail.
The Promotion is organised by IG Trading and Investments Limited, authorised and regulated by the Financial Conduct Authority (register number 944492) and whose registered address is Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA (“we”, “us”, “IG” or “our”).
The Promotion period will run as follows:
a) the period in which you must open a new GIA and ISA Account commences at 00:00 UK time on 4th March 2025 and concludes at 23:59 UK time on 30 April 2025; and
b) the period in which you may deposit or transfer funds into your ISA Account to benefit from the Promotion commences at 00:00 UK time on 4 March 2025 and concludes at 23:59 UK time on 5th April 2026,
(together the “Promotion Period”).
IG may elect to extend or shorten the Promotion Period in its sole discretion.
Definitions
In these Terms and Conditions:
“GIA” means a UK General Investment Share Dealing account with IG;
“ISA Account” means a UK Stocks and Shares ISA with IG opened under a GIA through either the IG Invest application, the IG Trading application, or the IG.com desktop platform, but excluding Smart Portfolio accounts; and
“Net Deposits” shall mean the total deposits (including transfers) made by you into the eligible ISA Account during the Promotion Period, minus any withdrawals from that ISA Account during the Promotion Period.
This Promotion applies to new clients only of IG who open a GIA and ISA Account during the part of the Promotion Period set out in clause 3.a. and place a First Trade (defined below) during the part of the Promotion Period set out in clause 3.b. The Promotion shall only apply to new ISA Accounts, and both deposits and transfers into the relevant new ISA Account will be eligible for the Promotion. New clients must fulfil the criteria set out below.
To be eligible for the Promotion:
a. you must be an individual and resident in the UK;
b. you must open a new GIA and ISA Account during the part of the Promotion Period set out in clause 3.a.;
c. you must be an entirely new client for IG, and not, at the time of opening a new GIA and ISA Account, hold any other account with IG or any other company in the IG Group;
d. you must have placed a first trade on the new ISA Account during the part of the Promotion Period set out in clause 3.b.(a “First Trade”); and
e. your ISA Account must still be active with at least one open position at the end of the Promotion Period.
If you have satisfied all the criteria set out above under clause 6 by the expiry of the Promotion Period, IG will pay you a cashback bonus amount equal to 1% of the Net Deposits made into your ISA Account during the Promotion Period, (the “Cashback Bonus”). The amount of Net Deposits that will be eligible for the Promotion is capped at a maximum of £20,000 (regardless of whether deposited during the 24/25 tax year or the 25/26 tax year), and therefore the maximum amount payable to you as a Cashback Bonus for the entire Promotion shall be £200 Three example scenarios are set out below:
Scenario 1) If you deposit £10,000 and do not withdraw anything during the Promotion Period,, your Net Deposits will equal £10,000 and the Cashback Bonus payable to you will be £100 (£10,000 x 1%).
Scenario 2) If you deposit £15,000 but later within the rPromotion Period withdraw £3,000, your Net Deposits will equal £12,000 and the Cashback Bonus payable to you will be £120 (£12,000 x 1%).
Scenario 3) If you deposit £10,000 before the end of the 2024/25 tax year, and then £15,000 over the course of the 2025/26 tax year, your Net Deposits will equal £25,000, however the eligible amount of Net Deposits for the promotion is capped at £20,000, so the Cashback Bonus payable to you will be capped at £200 (£20,000 x1%).
Scenario 4) If you deposit £10,000 and then later in the Promotion Period you transfer an ISA with a value of £80,000 from another provider, your Net Deposits will equal £90,000, however the eligible amount of Net Deposits for the promotion is capped at £20,000, so the Cashback Bonus payable to you will be capped at £200 (£20,000 x1%).
You will receive an email from us after the end of the Promotion Period informing you of the amount of any Cashback Bonus due to you under this Promotion.
Any Cashback Bonus payable will be paid into your GIA account within 30 days of the end of the Promotion Period. Cashback Bonuses will not be paid into your ISA Account. Only one Cashback Bonus will be awarded per Client. For the avoidance of doubt, provided that your new GIA and ISA Accounts are the first accounts you open with IG, you are not precluded from subsequently opening additional accounts with any IG Company during the Promotion Period, but additional accounts are not eligible for the Promotion or a Cashback Bonus.
All accounts are subject to our standard account opening criteria and accounts are available subject to certain jurisdictional restrictions, and as such not all applicants will be successful in their application for an account.
If any restrictions apply to your account, your account may not be eligible for the Promotion until the restrictions have been lifted. Any restrictions that apply to a new account will be detailed in the email to the account holder upon account activation.
The Promotion is not open to employees of IG or any IG group company or employees of any other company engaged in direct competition with IG or any IG group company.
The Promotion and any obligations of IG pursuant to it will be revoked or withdrawn from participants who abuse the spirit or intention of it. We reserve the right to cancel or withdraw the Promotion at any time in case of any suspected abuse of the Promotion. Further, where any of these Terms and Conditions are breached, if we believe that any of the terms of your Customer Agreement with us have been breached in any way, you no longer have an account with IG or there is any reason to suspect a participant has acted fraudulently or obtained an unfair or unintended advantage pursuant to this Promotion, we reserve the right to stop, withhold or cancel payment of the Cashback Bonus or to prevent any attempted withdrawal of the Cashback Bonus from your account.
To the extent a Cashback Bonus has been paid to you and we suspect any of these Terms and Conditions have been breached or you have acted fraudulently or obtained an unfair or unintended advantage pursuant to this Promotion, you agree that we will be entitled to deduct an amount equivalent to the Cashback Bonus from any IG trading account that you hold with us.
We are the sole arbiter of the Promotion, these Terms and Conditions and any other issues arising under this Promotion. Exceptions to these Terms and Conditions are at the sole discretion of IG’s management, and our decision is final. We reserve the right to alter, amend or terminate the Promotion or any aspect of it (including the Terms and Conditions) at any time and without prior notice.
All trading involves risk.
We will not be held liable for any losses incurred by you as a result of your trading or in relation to this Promotion except where such loss is a result of our negligence or wilful misconduct. All trading involves risk. The value of shares, ETFs and ETCs bought through a stocks and shares ISA can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Please ensure you fully understand the risks and take care to manage your exposure.
We will not be held liable for your inability to satisfy the eligibility requirements of the Promotion or ability to trade as the result of any technical malfunction of the internet, IG’s trading platform, or your own computing system. You accept all risks associated with trading over the internet, mobile applications, and downloadable software.
Any dispute or situation not covered by these Terms and Conditions, will be resolved by IG’s management in a manner it deems to be fairest to all concerned and that decision will be final and binding on all parties.
If at any time all or any part of any provision of these Terms and Conditions are or become illegal, invalid or unenforceable in any respect under the law of any jurisdiction, such provision(s) will not affect or impair the legality, validity or enforceability in that jurisdiction of the remainder of that provision or all other provisions of these Terms and Conditions or the legality, validity or enforceability under the law of any other jurisdiction of that provision or all other provisions of these Terms and Conditions.
. If any tax is payable on the Cashback Bonus paid by us to you pursuant to the Terms and Conditions, this tax will be your liability and will not be incurred by us. If the law requires us to withhold this tax and settle with the relevant tax authority on your behalf, then we shall credit your Cashback Bonus to your account net of this tax.
For more information on how IG may use your data, see our Privacy Notice and Access Policy and privacy website at www.ig.com/uk/privacy.
These Terms and Conditions will be governed by and construed in accordance with English law and will be subject to the jurisdiction of the courts of England and Wales