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

In case anyone was thinking they could use RooCash to fund the IG account and get points, doesn't work, i just tried it o_O

Nothing lost at least as it doesn't cost anything
 
Struggling to Redeem Your Frequent Flyer Points?
The Frequent Flyer Concierge team takes the hard work out of finding reward seat availability. Using their expert knowledge and specialised tools, they'll help you book a great trip that maximises the value for your points.

AFF Supporters can remove this and all advertisements

I notice this promo has started up again but for me it is definitely once bitten - twice shy and after waiting 10 weeks and having to fight all the way to get the 10000 points that IG owed me I will never, ever use this company for share trading ever again. :mad::mad::mad:
 
The wording for the new promo seems interesting:

4. Each Qualifying Participant who successfully opens a Share Trading Account with us pursuant to Term 3(c)1 above, will earn 10,000 Qantas Points, provided that:

a) the member opening the new account is not already registered with IG, including through registration under a different name or through a different identity;
Click to expand...

Does that means I can cancel my account and redo it? o_O
 
Sponsored Post

Struggling to use your Frequent Flyer Points?

Frequent Flyer Concierge takes the hard work out of finding award availability and redeeming your frequent flyer or credit card points for flights.

Using their expert knowledge and specialised tools, the Frequent Flyer Concierge team at Frequent Flyer Concierge will help you book a great trip that maximises the value for your points.

Babesofy said:
In case anyone was thinking they could use RooCash to fund the IG account and get points, doesn't work, i just tried it o_O

Nothing lost at least as it doesn't cost anything
Click to expand...

Did you do it through Paypal or through a direct CC deposit?

As a Paypal transaction works as a purchase, whereas a direct CC deposit will be considered as a type of 'cash advance'.
 
rock86 said:
Did you do it through Paypal or through a direct CC deposit?
As a Paypal transaction works as a purchase, whereas a direct CC deposit will be considered as a type of 'cash advance'.
Click to expand...

Ah good point. I did direct transfer, not via PayPal. That maybe why.
 
WLGFlyer said:
Which CC treats these as cash advance?
Click to expand...

A whole lot of them, I'm not certain they treat them exactly the same as a cash advance (as in they charge a cash advance fee), but I've never seen them issue points and I'm pretty confident you don't get the same interest fee period like you would for a normal purchase - as IG is a financial institution, a lot of the banks systems will pick this up just as they do with gambling deposits.
 
rock86 said:
A whole lot of them, I'm not certain they treat them exactly the same as a cash advance (as in they charge a cash advance fee), but I've never seen them issue points and I'm pretty confident you don't get the same interest fee period like you would for a normal purchase - as IG is a financial institution, a lot of the banks systems will pick this up just as they do with gambling deposits.
Click to expand...

Ok, do you mind sharing which banks did not issue points under these circumstances?
 
Has anyone bought shares with IG and planned on keeping them for the medium to long term?


I've done this but am wonder what happens with dividend payments from the shares you purchased via IG.


Normally, with CHESS brokers like Comsec within 10 days or so of buying the shares you get sent forms from the company you purchased shares in. These forms ask for things like your bank account details so that dividend payments can be made direct to you.


I've purchased a number of different shares through IG, but have never received any documentation from the companies concerned.


I realise that IG is not like CHESS, but does anyone know what happens with dividend payments in this situation?


I've go a few ex dates coming up so I'm keen to understand how it will work.
 
Dr Ralph said:
Has anyone bought shares with IG and planned on keeping them for the medium to long term?


I've done this but am wonder what happens with dividend payments from the shares you purchased via IG.


Normally, with CHESS brokers like Comsec within 10 days or so of buying the shares you get sent forms from the company you purchased shares in. These forms ask for things like your bank account details so that dividend payments can be made direct to you.


I've purchased a number of different shares through IG, but have never received any documentation from the companies concerned.


I realise that IG is not like CHESS, but does anyone know what happens with dividend payments in this situation?


I've go a few ex dates coming up so I'm keen to understand how it will work.
Click to expand...

I suspect dividends will be paid into your IG cash account.
 
dec540 said:
I suspect dividends will be paid into your IG cash account.
Click to expand...
Possibly.

But what about the relevant statements that will show franking credit details etc?

And what if I wanted to participate in dividend re-investment schemes?

Seems strange that there's been no communication from the relevant companies.
 

Enhance your AFF viewing experience!!

From just $6 we'll remove all advertisements so that you can enjoy a cleaner and uninterupted viewing experience.

And you'll be supporting us so that we can continue to provide this valuable resource :)


Sample AFF with no advertisements? More..

Recent Posts

Currently Active Users

... and 27 more.
Total: 1,159 (members: 77, guests: 1,082)
Back
Top