IG Referral

Get £50-£1000 Share FREE

Looking for a working IG referral code? New customers who open an eligible IG investment account through the referral link can receive a randomly allocated US-listed share worth between £50 and £1,000.

To qualify, the new customer must invest at least £1,000 and place their first trade within 30 days of opening the account. They must then maintain an Average Invested Value of at least £1,000 for three months.

The free share is credited to an IG General Investment Account. A W-8BEN form must also be completed before the end of the qualifying period because the reward is a US-listed share.

The person making the referral can receive £100 cash once the new customer completes the qualifying requirements.

IG referral offer at a glance

Offer detail	Information
New-customer reward	One randomly allocated US-listed share
Free-share value	Between £50 and £1,000
Minimum investment	£1,000
Investment deadline	Within 30 days of opening the account
First-trade requirement	First trade must be placed within 30 days
Eligible investment accounts	Share dealing account, Stocks and Shares ISA or SIPP
Holding requirement	Average Invested Value of at least £1,000
Holding period	Three months from the first qualifying investment
Reward account	General Investment Account
Additional requirement	Complete a W-8BEN form
Referral link	Open an eligible IG account
Important warning	Investments can fall as well as rise; capital is at risk

Use the IG referral link

The promotion is activated through a personalised referral link rather than a short promotional code.

Use this link to begin:

Join IG and get a free share worth £50–£1,000

Open the link before starting the application. If you register through the general IG website or choose a different promotional offer, the referral may not be attached to your account.

What is the IG referral code?

There is no separate combination of letters or numbers to enter. The referral information is embedded in the personalised link:

https://refer.ig.com/faisaln-185

Opening this link lets IG identify the referring customer and associate the new application with the Refer a Friend promotion.

For the best chance of successful tracking:

Open the referral link before registering.
Use the same device and browser throughout the application.
Allow the required cookies.
Avoid private or incognito browsing.
Do not clear your cookies during registration.
Do not use a different IG promotional link.
Complete the application directly through the referral journey.
Keep the registration and account-opening confirmation emails.

A referral will not normally be added retrospectively to an account opened through another route.

What does the new customer receive?

An eligible new customer receives one randomly allocated share worth between £50 and £1,000 when the reward is credited.

The share is selected from a predetermined list of US-listed companies contained in the promotion terms.

The most important points are:

The reward is a real share rather than a fixed cash payment.
You cannot choose which company you receive.
The share is randomly allocated.
It will have a qualifying value of between £50 and £1,000 when credited.
The chance of receiving each reward value is not necessarily equal.
The share is selected from the US stocks listed in the promotion terms.
Its market value can rise or fall after allocation.
Its sterling value can be affected by the GBP/USD exchange rate.

IG’s current referral page confirms that the referred customer receives a free share worth £50–£1,000, while the person making the referral receives £100 cash.

Is everyone guaranteed a £1,000 share?

No. The free share can be worth any qualifying amount between £50 and £1,000.

The maximum reward should not be described as the most likely reward. Allocation probabilities are detailed in Clause 16, Table 2 of the full promotion terms.

The accurate description of the offer is:

Receive a randomly allocated US share worth between £50 and £1,000—not a guaranteed £1,000 share.

The share should be worth at least £50 when credited, but its value can subsequently fall below £50 because it remains exposed to normal market movements.

How to qualify for the IG free share

The promotion has several stages.

1. Open the IG referral link

Start here:

Claim the IG referral offer

Follow the referral journey rather than registering independently.

2. Open an eligible investment account

The current IG referral programme allows the qualifying investment to be made through an eligible:

General Investment Account
Share dealing account
Stocks and Shares ISA
SIPP

Even if you invest through an ISA or SIPP, you will need an IG General Investment Account so that the free US share can be credited to it.

Opening only a spread-betting or CFD account will not satisfy this investment referral offer.

3. Invest at least £1,000

Make a first qualifying investment of at least £1,000.

Depositing money into the account without investing it may not be sufficient. You must use the money to purchase eligible investments and place the required first trade.

4. Complete the investment within 30 days

The first qualifying investment and first trade must be completed within 30 days of the account being opened.

Do not wait until the final day. Identity checks, bank transfers, market hours and order processing could cause delays.

5. Remain invested for three months

Maintain an Average Invested Value of at least £1,000 for three months from the date of the first qualifying investment.

The three-month period begins when the qualifying investment is made—not when the application is first submitted.

6. Complete a W-8BEN form

A W-8BEN form is required because the reward is a US-listed share.

Complete the form before the end of the three-month qualifying period. Failure to submit it could prevent IG from crediting the reward.

7. Wait for the reward

Once IG confirms that every requirement has been met, the free share will be credited to the General Investment Account.

IG states that rewards are normally issued by the end of the calendar month following the three-month holding period.

Step-by-step guide to claiming the IG referral reward

Open the IG referral link.
Read the current referral terms.
Apply for an eligible IG investment account.
Complete the required identity and eligibility checks.
Make sure you have an IG General Investment Account for the reward.
Deposit enough money to invest at least £1,000.
Purchase qualifying investments and place your first trade within 30 days.
Keep an Average Invested Value of at least £1,000 for three months.
Complete the W-8BEN form before the required deadline.
Avoid withdrawals or sales that would reduce the qualifying invested value.
Wait for IG to complete its eligibility checks.
Check your GIA for the randomly allocated free share.

Keep the following until the reward arrives:

Referral registration email
Account-opening confirmation
Deposit confirmation
Contract note for the first trade
W-8BEN confirmation
Monthly account statements
Referral-tracking correspondence

The £1,000 investment requirement explained

You must make a qualifying investment of at least £1,000 within 30 days of account opening.

The wording is important: this is an investment requirement, not simply a deposit requirement.

For example:

Action	Likely to satisfy the investment requirement?
Deposit £1,000 and buy £1,000 of eligible investments	Yes
Deposit £1,000 but leave it entirely as cash	No
Invest £750 and leave £250 as cash	No
Invest £1,000 after the 30-day deadline	No
Invest £1,000 within 30 days and maintain it for three months	Yes, subject to every other condition

Allow for any applicable fees or currency conversion when deciding how much money to deposit.

The three-month holding period explained

The referred customer must maintain an Average Invested Value of at least £1,000 for three months from the date of the first qualifying investment.

During this period, avoid:

Withdrawing part of the qualifying money
Selling investments and removing the proceeds
Transferring assets out of IG
Closing the qualifying account
Allowing cash to remain uninvested if it does not count towards Average Invested Value
Switching to an account or product that is not eligible

The safest approach is to keep at least the required amount invested until the full holding period has ended.

What happens if the investment falls below £1,000?

The promotion includes an important protection for normal market movements.

If your Average Invested Value falls below £1,000 solely because the market value of your investments declines, this should not affect your eligibility.

For example, if you invest £1,000 and the portfolio subsequently falls to £930 because share prices decline, the fall itself should not disqualify you.

However, this protection does not apply if the reduction is caused by something you do, such as:

Selling part of the portfolio
Withdrawing money
Transferring investments elsewhere
Reducing the amount invested
Closing a position and leaving insufficient eligible investments

Market fluctuations and customer-initiated reductions are treated differently under the promotion.

What is Average Invested Value?

Average Invested Value is the measure IG uses to determine how much you kept invested during the qualifying period.

It should not be interpreted as permission to invest £1,000 briefly and withdraw most of it later.

To remain eligible:

Invest at least £1,000 within 30 days.
Keep the required investment in the qualifying account.
Avoid unnecessary withdrawals and transfers.
Keep the account open.
Remain invested for the entire three-month period.
Follow the detailed calculation rules in the referral terms.

If you intend to trade actively or switch investments during the qualifying period, check with IG how this may affect Average Invested Value.

Why do you need a General Investment Account?

The free reward is a US-listed share, and IG credits it to a General Investment Account.

If your original qualifying investment is made through a Stocks and Shares ISA or SIPP, you may still need to add a GIA before the reward can be delivered.

A General Investment Account is a standard investment account without the tax wrapper associated with an ISA or pension.

There is generally no annual contribution limit, but dividends and capital gains may be taxable depending on your circumstances and available allowances.

What is a W-8BEN form?

The W-8BEN is a US tax form used by non-US investors.

Because the referral reward is a share in a US-listed company, IG requires the form before it can allocate the reward.

For an eligible UK investor, a valid W-8BEN can also reduce US dividend withholding from the standard 30% rate to 15% under the UK-US tax treaty.

The form does not make US dividends or investment gains automatically tax-free in the UK.

IG’s current referral information specifically states that the W-8BEN must be completed before the end of the three-month holding period.

Why is the reward non-GBP denominated?

The free share is selected from US-listed stocks, which are generally priced in US dollars.

Its value in pounds will depend on the exchange rate applied by IG on the date it is credited.

After the reward is received, its sterling value can move for two reasons:

The US market price of the company’s shares changes.
The GBP/USD exchange rate changes.

The share could therefore rise in dollar terms but fall in sterling terms, or vice versa.

Foreign-exchange conversion charges may also apply when buying or selling non-GBP investments. Check IG’s current costs before dealing.

Which company will the free share be from?

The reward is randomly selected from IG’s list of eligible US-listed companies in Clause 16, Table 1 of the referral terms.

You cannot select:

The company
The sector
The share value
The allocation tier
The date of allocation

Once received, the share will appear in the GIA alongside any investments you hold there.

What does the referrer receive?

The existing IG customer receives £100 cash after the referred friend completes all the qualifying steps.

IG currently allows customers to refer up to ten friends per calendar month. It also states that customers cannot refer someone who lives at the same address.

The referred customer receives the randomly allocated share, while the referrer receives the cash reward.

What is IG?

IG is a major UK investment and trading provider with more than 50 years of experience.

The wider IG brand offers several different ways to invest and trade, including:

General Investment Accounts
Share dealing
Stocks and Shares ISAs
Self-Invested Personal Pensions
Smart Portfolios
Spread betting
Contracts for difference
US-listed options and futures
Selected cryptoasset services
Investment research and market analysis
Mobile and web-based platforms

The referral promotion in this article is linked to IG’s investment accounts. It is not limited to an IG Index spread-betting account, and a spread-betting account by itself does not qualify for the free-share reward.

Is IG the same as IG Index?

IG is the overall brand. IG Index Limited is one of the regulated companies within the wider IG group.

Different IG services are provided by different legal entities:

IG service	Provider
Share dealing and investment accounts	IG Trading and Investments Ltd
Smart Portfolios	IG Trading and Investments Ltd
Contracts for difference	IG Markets Ltd
US options and futures	IG Markets Ltd
Spread betting	IG Index Ltd
Cryptoasset services	IG Digital Assets Ltd

This is why the phrase IG Index referral code can be misleading. People commonly use “IG Index” when referring to the overall IG platform, but IG Index Ltd specifically provides spread betting.

The free-share referral offer is part of IG’s investment service. The reward is delivered into a General Investment Account rather than a spread-betting account.

IG General Investment Account

An IG General Investment Account allows customers to buy and hold shares and exchange-traded funds outside a tax wrapper.

A GIA may be useful if you:

Have used your ISA allowance
Want unrestricted contributions
Need an account to receive the referral share
Want to invest in eligible UK and international markets
Prefer direct control over investment selection

Unlike an ISA, a GIA does not automatically protect dividends and capital gains from UK tax.

Tax treatment depends on your personal circumstances and may change.

IG Stocks and Shares ISA

The IG Stocks and Shares ISA allows eligible UK residents to hold investments inside a tax-efficient wrapper.

Subject to ISA rules:

Investment income is sheltered from UK income tax.
Capital gains are sheltered from UK Capital Gains Tax.
Contributions count towards the annual ISA allowance.
Withdrawals may be flexible under IG’s current ISA structure.
Investments can include eligible shares and ETFs.

An ISA can be used for the qualifying investment under the current referral programme, but the free US share will still be credited to a GIA.

IG SIPP

A Self-Invested Personal Pension is designed for retirement investing.

A SIPP can provide tax advantages, but:

Access is restricted until the applicable pension age.
Pension tax rules apply.
Contribution limits apply.
Provider and administrator charges may apply.
Withdrawals can have tax consequences.

IG SIPPs are administered by a separate pension administrator, which charges an annual fee. Check the current fee schedule before opening one.

A SIPP may count as an eligible referral investment account, but you should not choose a pension purely to obtain a free share.

IG Smart Portfolios

IG Smart Portfolios are managed investment portfolios designed for customers who do not want to choose every share or fund themselves.

The portfolio is built and managed according to the selected risk profile.

Smart Portfolios are separate from direct share dealing. Do not assume that a Smart Portfolio qualifies for this particular referral unless the live referral terms list it as an eligible account.

IG share dealing

IG’s share-dealing service provides access to UK and international shares and ETFs.

The platform advertises:

More than 20,000 shares and ETFs
UK, US, European and Australian markets
Mobile and web-based investing
Research and analysis
Portfolio monitoring
Market and limit orders
Commission-free dealing on qualifying accounts

IG currently states that shares and ETFs traded within eligible UK GBP-denominated GIA, ISA and SIPP accounts are commission-free, although other costs can apply.

Is IG share dealing completely free?

Commission-free dealing does not mean that every investment cost is zero.

Potential costs include:

Foreign-exchange conversion
Bid-offer spreads
Stamp Duty Reserve Tax on eligible UK share purchases
The Panel on Takeovers and Mergers levy on applicable transactions
SIPP administration charges
Live market-data fees in some circumstances
Charges for certain transfers or specialist services
Taxes and overseas withholding

Review the latest IG charges before selecting an investment.

IG Invest app

The IG Invest app is designed to provide a streamlined way to buy and monitor investments.

Depending on the account and available features, customers can use it to:

Search for shares and ETFs
Open a GIA or ISA
View market information
Place investment orders
Monitor portfolio performance
Review transaction history
Manage cash balances
Complete account documentation
Track dividends and corporate actions

IG also provides a more detailed web-based share-dealing platform.

IG spread betting

Spread betting allows traders to speculate on whether a market will rise or fall without owning the underlying asset.

A trader selects an amount per point of movement. Profit or loss is calculated according to how far the market moves and whether the prediction was correct.

Spread betting is leveraged, meaning a relatively small deposit can create much larger market exposure. This increases both potential gains and potential losses.

IG Index Ltd provides IG’s UK spread-betting service.

A spread-betting account alone is not the qualifying account for the free-share referral promotion.

IG CFD trading

A contract for difference allows a trader to speculate on market-price movements without owning the underlying investment.

IG offers CFD markets including:

Shares and ETFs
Stock-market indices
Foreign exchange
Commodities
Bonds and interest rates
Options
Selected cryptocurrency markets

CFDs use leverage. Gains and losses are calculated on the full market exposure rather than only the initial margin.

Spread bets and CFDs are complex, high-risk products. IG’s current disclosure states that 69% of retail investor accounts lose money when trading spread bets and CFDs with the provider.

The referral free-share offer does not require you to trade CFDs or spread bets.

Investing compared with leveraged trading

Feature	Share investing	Spread betting or CFDs
Do you own the underlying shares?	Yes, with direct share dealing	No
Leverage normally used?	No	Yes
Maximum ordinary share loss	Amount invested	Losses magnified by leverage
Suitable for long-term holding?	Potentially	Generally used for shorter-term trading
Eligible for this referral investment?	Yes, through qualifying accounts	No, not by itself
Dividends	Paid or credited subject to tax rules	Usually reflected through adjustments
Primary account provider	IG Trading and Investments Ltd	IG Index Ltd or IG Markets Ltd

The distinction matters because IG offers both conventional investing and higher-risk leveraged trading under the same brand.

What can you invest in through IG?

Depending on the account and platform, IG provides access to investments including:

UK company shares
US company shares
European shares
Australian shares
Exchange-traded funds
Investment trusts
Selected international securities

Availability varies by account type. Some products suitable for a GIA may not be available in an ISA or SIPP.

Is IG regulated?

IG’s UK businesses providing regulated investment and trading services are authorised and regulated by the Financial Conduct Authority.

Client money and asset-protection arrangements depend on:

The product
The legal IG entity
Whether money is invested or held as cash
The customer’s eligibility
The applicable regulatory rules

Always read the terms and protection information for the specific account being opened.

Benefits of the IG referral offer

A free share worth at least £50 when allocated

An eligible new customer receives a real US-listed share with a qualifying value of between £50 and £1,000.

Choice of qualifying investment account

The required investment can be made through an eligible share-dealing account, ISA or SIPP.

Established investment provider

IG has operated for more than 50 years and provides investment and trading services to customers internationally.

Large investment range

Customers can access thousands of UK and global shares and ETFs.

Commission-free eligible share dealing

IG currently advertises zero commission on qualifying share and ETF transactions in eligible GBP-denominated accounts.

Mobile and web platforms

Customers can manage investments through an app or web-based platform.

Research and market tools

IG provides charts, company information, news and market analysis.

Points to consider before using the referral link

You must invest £1,000

This is not a deposit-only promotion. At least £1,000 must be placed into qualifying investments.

The money must remain invested

The Average Invested Value requirement applies for three months.

The reward is random

You cannot select the share or its value.

The qualifying investment can fall

A fall in the £1,000 portfolio could exceed the value of the referral reward.

A GIA is needed

Even when investing through an ISA or SIPP, the free share is credited to a GIA.

The reward is in a US company

Currency movements and US dividend-withholding rules can affect the investment.

Other IG products carry different risks

The availability of spread betting and CFDs does not mean you need to use them. These leveraged products are separate from the referral offer.

Who might benefit from the IG referral offer?

The promotion may suit someone who:

Already wants to open an IG investment account.
Can invest at least £1,000.
Can remain invested for three months.
Understands stock-market risk.
Wants access to UK and global shares.
Is comfortable receiving a randomly selected US share.
Can complete a W-8BEN form.
Has researched the investments they intend to purchase.
Does not require immediate access to the money.

Who might not find the offer suitable?

It may be unsuitable if you:

Need the £1,000 for bills or emergencies.
Cannot tolerate investment losses.
Expect a guaranteed £1,000 reward.
Only want a spread-betting or CFD account.
Do not want to open a GIA.
May need to withdraw during the holding period.
Are investing solely because of the promotional reward.
Do not understand the investments you plan to buy.

The selected IG account and investments should make sense independently of the free-share promotion.

What can cause the IG free share to be declined?

Potential reasons include:

Registering without using the referral link
Opening an ineligible account
Only opening a spread-betting or CFD account
Investing less than £1,000
Leaving the £1,000 entirely as cash
Missing the 30-day investment deadline
Failing to place the first trade
Withdrawing qualifying money
Reducing Average Invested Value through a sale or transfer
Closing the account during the holding period
Failing to complete the W-8BEN form
Using an incompatible IG promotion
Breaching the referral terms
Providing inaccurate registration information

Tips for completing the referral successfully

Begin with the personalised referral link.
Read the complete terms before applying.
Choose the account type carefully.
Make sure a GIA is available for the reward.
Record the account-opening date.
Invest at least £1,000 well before the 30-day deadline.
Confirm that the first trade has completed.
Submit the W-8BEN form promptly.
Avoid withdrawing money during the holding period.
Keep the qualifying account open.
Save statements and contract notes.
Contact IG if the reward does not appear within the stated timeframe.

Frequently asked questions

What is the IG referral code?

The promotion is accessed through this referral link:

https://refer.ig.com/faisaln-185

There is no separate short code to enter.

What does the new customer receive?

An eligible new customer receives a randomly allocated US-listed share worth between £50 and £1,000 when credited.

What does the referrer receive?

The referrer receives £100 cash after the new customer completes all the qualifying requirements.

Is the £1,000 share guaranteed?

No. £1,000 is the maximum possible reward value. The share can be worth any qualifying amount between £50 and £1,000.

How much must I invest?

You must invest at least £1,000.

How quickly must I invest?

The qualifying investment and first trade must be completed within 30 days of opening the account.

How long must I remain invested?

You must maintain an Average Invested Value of at least £1,000 for three months from your first qualifying investment.

Does depositing £1,000 qualify?

Not necessarily. The terms require an investment and first trade. Leaving all the money as cash may not qualify.

What happens if the market falls?

A reduction below £1,000 caused solely by market movements should not affect eligibility. A reduction caused by your own sale, withdrawal or transfer may disqualify you.

Which IG accounts can qualify?

The current referral page lists eligible share-dealing accounts, Stocks and Shares ISAs and SIPPs.

Do I need a General Investment Account?

Yes. The free share is credited to a GIA. If you invest through an ISA or SIPP, you may need to add a GIA for the reward.

Does an IG spread-betting account qualify?

Not by itself. The promotion is linked to IG’s investment accounts rather than the IG Index spread-betting service.

Does a CFD account qualify?

A CFD account alone does not satisfy the free-share investment offer.

Can I choose the free share?

No. IG randomly allocates a share from the list of eligible US companies in the promotion terms.

Why must I complete a W-8BEN form?

The reward is a US-listed share. The W-8BEN confirms your non-US tax status and is required before the reward can be delivered.

When will the reward arrive?

IG states that the reward is normally delivered by the end of the calendar month following the three-month holding period.

Can I withdraw during the holding period?

A withdrawal that reduces your Average Invested Value below the required amount could disqualify you.

Can I refer someone who lives with me?

IG’s current referral information says that someone living at the same address cannot be referred.

How many people can an IG customer refer?

IG currently permits up to ten referrals per calendar month, subject to the full terms.

Can I combine the referral with another IG promotion?

Do not assume that two new-customer promotions can be combined. Starting through a different campaign or entering another promotional code could overwrite the referral.

Is the free share tax-free?

The reward is credited to a GIA, which is not a tax-free wrapper. Tax treatment depends on personal circumstances, future dividends, the eventual sale price and applicable allowances.

Can the free share lose value?

Yes. It is a genuine market investment. Its price and sterling value can fall after allocation.

IG referral offer: final verdict

The IG referral offer is an attractive incentive for someone already planning to open an investment account and invest at least £1,000.

An eligible new customer receives a randomly allocated US share worth between £50 and £1,000 after completing the investment, holding and W-8BEN requirements. The referrer receives £100 cash.

The wider IG platform includes share dealing, ISAs, SIPPs, managed portfolios, spread betting, CFDs and other trading products. However, the referral promotion is specifically connected to IG’s investment accounts. It does not require spread betting or leveraged CFD trading.

The essential requirements are:

Register through the referral link.
Open an eligible investment account.
Make sure you have a GIA for the reward.
Invest at least £1,000.
Place the first trade within 30 days.
Remain invested for three months.
Maintain an Average Invested Value of at least £1,000.
Complete the W-8BEN form.
Wait for the randomly allocated US share.

Claim your IG free share

New-customer reward: A randomly allocated US share worth £50–£1,000

Minimum qualifying investment: £1,000

Investment deadline: Within 30 days

Holding period: Three months

Referrer reward: £100 cash

Open an eligible IG account through the referral link

Referral disclosure: This article contains a personal IG referral link. If you open and fund an eligible IG investment account and complete the promotion requirements, you may receive a randomly allocated US-listed share, and the person who referred you may receive £100 cash. The reward is not guaranteed to be worth £1,000. Read the current referral terms before applying.

Investment warning: The value of investments can fall as well as rise, and you may receive less than you invest. Foreign-exchange movements can affect overseas investments. Spread bets and CFDs are leveraged products carrying a high risk of rapid losses and are separate from this investment referral offer. This article provides general information and is not personal financial, investment or tax advice.

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IG Referral Code: Get a Free Share Worth £50–£1,000

Jessica James