10,000 Bonus QFF Points for opening an IG Share trading account

Discussion in 'Qantas Frequent Flyer Program' started by slinky123, Nov 7, 2017.

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  1. slinky123

    slinky123 Member

    Feb 12, 2017
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    Just read about the offer on facebook,

    Join IG's Qantas Frequent Flyer Program

    Does anyone have an IG share trading account?
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    I cannot find anywhere in the T&C where it mentions minimum trade amounts,

    Hopefully its an easy way to earn 10,000 points
     
  2. slinky123

    slinky123 Member

    Feb 12, 2017
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    Thankyou for that :)
     
  3. rock86

    rock86 Active Member

    Jul 18, 2017
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    I wonder how difficult this is to open.

    With trades only at $8 & free bank transfers with no minimum withdrawal, I'd be happy to make a buy & sell trade on a blue chip the same day (should only lose minimal on the bid/ask - unless something completely unforeseen happens). So come out this with 10k point for most probably roughly $20.

    But, if it is a PIA to open, then that makes it much less appealing to do..
     
    • Agree Agree x 1
  4. sumthinfornuthin

    sumthinfornuthin Established Member

    Aug 7, 2004
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    Thanks
    I've registered too
    Also you can load with PAYPAL - .5% for M/C, 1% for VISA and 1% for PAYPAL. I have an AMEX linked to my PAYPAL so effectively 1.5 points per dollar for the load.
    Now to trade something secure to get the 10,000 points and not lose my shirt !
     
  5. sumthinfornuthin

    sumthinfornuthin Established Member

    Aug 7, 2004
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    Dead easy to open an account
     
  6. Batesy

    Batesy Active Member

    You can get 10,000 points for buying a case of wine from Epiqure..... and you get the wine!
     
  7. burmans

    burmans Senior Member

    Feb 21, 2006
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    Well yes but choose carefully, many of those prices are well north of what can be got elsewhere.
     
    • Agree Agree x 1
  8. WeeWillyWonka

    WeeWillyWonka Member

    Feb 14, 2015
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    What type of account did you open? Is there a minimum deposit/transaction spend?
     
  9. RG1

    RG1 Member

    Aug 7, 2010
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    Executed a trade on Friday 17/11 and points including the bonus credited yesterday 20/11.
    Now to transfer the holding across to my main account. :D
     
  10. Jack3193

    Jack3193 Established Member

    Oct 1, 2012
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    I also opened an account today - very easy and got a phone call from IG about 2 minutes later asking if I needed any help.

    One downside for those who might be considering using this as their main account - they do not allow share trading accounts to be held in joint names. The guy on the phone said I could give my wife a power of attorney so she could trade on my behalf, but the full tax liability would still be in my name. Sounds like a great idea - not!

    Anyway, I plan to do what was suggested above - buy an ASX200 ETF or something along those lines, then sell ASAP.
     
  11. Jack3193

    Jack3193 Established Member

    Oct 1, 2012
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    The minimum deposit is $450. However, I assume there is no minimum trade amount, so you wouldn't necessarily need to spend that much. In any case, if you're going to sell again on the same day it won't make much difference.
     
  12. Jack3193

    Jack3193 Established Member

    Oct 1, 2012
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    Will you get points for this though? Or will they treat it as a cash advance? Perhaps by going through Paypal they won't? I guess if you're only loading the minimum $450 and therefore only paying a $4.50 fee, it's not exactly a big risk either way.
     
  13. Danger

    Danger Senior Member

    Jun 19, 2006
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    I haven't seen a minimum deposit amount but I have seen a minimum trading amount of AUD90.

    Where do you input your QFF number?
     
  14. Jack3193

    Jack3193 Established Member

    Oct 1, 2012
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    If you go to add funds it states the minimum is $450.

    Click on this link after setting up your account:
    Join IG's Qantas Frequent Flyer Program
     
    • Like Like x 2
  15. Dr Ralph

    Dr Ralph Senior Member

    Jan 21, 2014
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    Can anyone see a date when this offer finishes?
     
  16. Jack3193

    Jack3193 Established Member

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    I've just completed two trades today - bought this morning and sold just now for a nominal profit of $1. After paying the 2 x $8 brokerage on the way in and out, that means I've effectively paid $15 for 10,050 QF points. I think I'll get my wife to do the same tomorrow!
     
  17. get me outta here

    get me outta here Senior Member

    Nov 18, 2011
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    @Jack3193, how will you transfer your cash out of the trading account, is it in the normal way?
     
  18. Jack3193

    Jack3193 Established Member

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    I have to wait for the trade to settle, but it seems very straightforward - just a matter of going to Payments>Withdraw Funds and requesting the funds be returned to the card I used to deposit. It states "Withdrawals will usually reach your card within three to five business days".
     
  19. get me outta here

    get me outta here Senior Member

    Nov 18, 2011
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    Thanks, That's good. Does this sum it up : deposit $500 (?) and do a trade for $90 + (?).
     
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