IG Rebates: Get Up to $2,500 Cashback on Your Trades

IG offers a Welcome Cashback Programme that allows new clients to reduce their trading costs during the first 30 days of account activity. Eligible traders can receive a cashback of up to $2,500 on the fees paid on qualifying CFD trades. The cashback amount depends on the total value of qualifying trades during the Welcome Period. The more you trade, the more you can get back.

However, there are important eligibility requirements to understand before participating. The offer is only available to new IG clients who open a CFD account. In this guide, we will review the IG Welcome Cashback Rebate, explain how to get cashback on eligible trades, and explore who can qualify. Let's get started.

The IG Welcome Cashback Rebate at a Glance

The IG Welcome Cashback Rebate is designed to give new clients a discount on the trading costs they incur during their first 30 days with IG. The promotion applies to qualifying CFD trades on forex, indices, shares and commodities.

The amount of cashback you receive depends on the total value of your qualifying trades during the 30-day Welcome Period. There are several cashback levels, starting at up to $25 for clients who trade less than $1 million and reaching a maximum of $2,500 for clients who trade $50 million and more. Here is a look at how much rebate traders can get:

If the notional value traded is below $1,000,000, you will receive $25 only. However, the cashback cannot exceed the eligible trading costs incurred. For example, if you trade below $1 million and incur only $12 in eligible trading costs, you would receive $12 rather than the full $25.

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70-74% of retail investor accounts lose money when trading CFDs with this provider.

Who Is Eligible for the IG Cashback Rebates?

The IG Welcome Cashback is not available to every IG client. The promotion is specifically available to new clients who open and trade a CFD account with IG. You must be a brand-new customer who has not previously held an account with any IG Group entity worldwide.

Importantly, the promotion is offered by IG International Limited, which is authorised and regulated by the Bermuda Monetary Authority. This means that people trading with other branches of IG are not eligible for this cashback promotion.

Eligibility can also depend on the type of transactions you make. The promotion applies to transactions on forex (excluding Forex Direct (DMA) trades), indices, commodities and shares. Options are explicitly excluded from this promotion.

How to Get the IG Cashback

Getting the IG cashback involves a few straightforward steps. The most important thing is to make sure you qualify for the promotion before participating. If you qualify, here are the steps to follow:

Step 1: Create an IG Account

The first step is to open a CFD account with IG International Limited. The promotion is available to new clients who open and trade on an IG account. IG states that there is no minimum amount required to open an account. You will need to complete the standard application and verification process before you can access your trading account.

Step 2: Fund Your Account

Once your account has been approved, you need to fund it before you can start trading. IG allows clients to fund their accounts by bank transfer or card. The information provided by IG states that funding confirmation is instant. There is no specific minimum deposit stated for the Welcome Cashback promotion. Either way, let your first deposit match your trading intentions and the positions you intend to open.

Step 3: Trade Eligible CFDs

Once your account is active and funded, you can start trading qualifying CFDs during your 30-day Welcome Period. The promotion covers CFDs on forex (excluding Forex Direct (DMA) trades), indices, commodities and shares. The cashback is based on your qualifying trading activity during the Welcome Period. You do not need to manually calculate the cashback.

IG calculates the amount at or around 21:59 UK time on the last business day of the Welcome Period. The broker will credit the rebate to your account on or about the 5th of the second month following the calendar month in which you placed your first trade.

Some Important Considerations to Keep In Mind

Some Transactions Are Excluded

Not every transaction will qualify for cashback. Trades that are cancelled, voided or reversed are excluded from the promotion. Transactions that are split into two or more other transactions may also be excluded. IG can also exclude transactions that are automatically generated or otherwise not initiated by the client.

Trading Costs Cannot Be Used Twice

Traders cannot use the same trading costs to calculate rebates under more than one IG rebate programme. A client is exempt from IG's volume-based rebate scheme for the calendar month in which they place their first trade. IG may also deduct amounts already rebated under the Welcome Cashback Programme from rebates that would otherwise be payable under another scheme.

Referral Offers Can Affect the Cashback

If you opened your IG account through an IG Refer a Friend Scheme or an equivalent referral programme, the cashback received will be deducted from the referral reward you would otherwise receive.

IG as a Broker

Beyond the Welcome Cashback promotion, IG offers access to a wide range of financial markets through CFDs. The broker offers more than 17,000 markets, including CFDs on shares, forex, indices, commodities, and ETFs. This gives traders the opportunity to diversify their portfolios as they see fit.

These market products are accessible through MetaTrader 4, L2 Dealer, TradingView, and ProRealTime. The spreads on IG are manageable and most traders would be able to afford them. The spreads on IG can fall as low as 0.6 pips for some major currency pairs with no commission.

IG's Regulation and Credibility

The Welcome Cashback Programme is provided by IG International Limited, company number 54814. IG International Limited operates under the regulation of the Bermuda Monetary Authority. Nonetheless, the IG group operates through different entities in various jurisdictions. It features regulations from the FCA, the ASIC, the MAS in Singapore, and the BaFin in Germany, among others.

On top of that, the broker has been publicly traded on the London Stock Exchange (LSE) since 2000 under the ticker IGG. In other words, IG Group has built a long history of transparency and reliability.

Closing Remarks

The IG Welcome Cashback Programme gives eligible new clients an opportunity to recover some of their trading costs during their first 30 days with the broker. The cashback ranges from up to $25 to a maximum of $2,500, depending on the total value of qualifying trades.

Getting the cashback is relatively straightforward. New clients need to open an eligible CFD account, fund it, and trade qualifying instruments. However, the offer is not available to every IG client. You must be a new client under the IG International Limited branch of the company. Moreover, remember that cashbacks do not reduce the risk of trading. Pick a strategy that works for you and apply your desired risk tolerance techniques.