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As the festive season approaches, several investment platforms are offering enticing cashback deals for those who deposit or transfer funds by December 31.

The potential rewards vary, but some providers, like Etoro*, are offering impressive returns, with bonuses reaching up to £10,000.

However, it’s important to note that cashback is typically calculated as a percentage of your investment’s value, meaning substantial transfers are often required to earn the highest rewards.

While investment platforms frequently offer cashback incentives throughout the year to attract new clients, the end of the year is proving especially lucrative for such deals.

Though tempting, cashback should not be your sole reason for opening an investment account. It’s crucial to ensure that you are comfortable with the fees and investment options offered by any new platform. For more information, check out our comprehensive review of the best investment platforms.

We compare the deals currently available below, helping you decide whether these providers and their accounts are right for you.

Cashback could pay well for signing up to a new account this festive season

Key details:

• Maximum cashback available is £10,000.
• Etoro’s stocks and shares Isa is provided by Moneyfarm, a separate wealth manager.
• Get between 2 and 3 per cent cashback, depending on your Etoro Club tier.
• Must deposit at least £500 or transfer at least £15,000.
• Available on both managed and do–it–yourself stocks and shares Isas.

This is Money says: You could earn a high amount of cashback with Etoro, but you’d need to deposit or transfer a very large sum – more than £330,000 – while also ensuring you’re in the highest tier of the Etoro Club.

This means most people will likely only achieve 2 per cent cashback, although those paying £4.99 a month for Etoro Club will get 2.5 per cent.

As a simple example, someone in the lowest tier of the Etoro Club who transfers the minimum of £15,000 will receive £300.

To qualify for the cashback, it’s worth noting you must fully invest the initial amount within 30 days. You then should hold at least 50 per cent of this deposit on average in open investment positions over 24 months, or make 2.5 trades a month on average.

You should get your cashback by 28 February 2026, but Moneyfarm could claw this back if you don’t meet all the terms and conditions – so make sure you read them carefully before going ahead.

Etoro also has a 4.58 per cent cash Isa*

> Invest with Etoro and get your cashback*

Key details:

• 10 per cent back on your total investments made before 31 December.
• Cashback will be paid by 30 April 2026.
• You must keep the initial amount – of at least £50 – invested until March 2026.
• Cashback available on investment accounts, Isas and Sipps.

This is Money says: This is a good deal, with IG upping the level of cashback available from 5 per cent to 10 per cent since it first went live.

It’s a good option if you have a small amount to invest, because a £2,000 deposit when taking the Etoro deal above will net you just £40.

It’s available on all IG’s accounts and you don’t have to invest the whole amount in one go.

Just beware that IG charges a £24 fee if you make less than three trades each quarter. Setting up a regular monthly investment should mean that you avoid this fee.

> Invest with IG and get your cashback*

Key details:

• For an Isa transfer at least £10,000 to get 1 per cent back, capped at £1,000.
• For a Sipp also transfer at least £10,000 with cashback capped at £1,000 – but it pays 2 per cent.
• Both offers close on 31 December.
• Transfers must complete by 30 March 2026.
• Cashback is paid by 15 October 2026 for Sipps and 30 October 2026 for Isas.

This is Money says: If you only want to transfer an account, it’s worth considering Freetrade’s offer.

But you’ll likely need to transfer a larger amount than the minimum to make it worthwhile, with a £10,000 Isa transfer only netting you £100.

The Sipp deal does give you slightly more back – a transfer of the same amount pays you £200.

Freetrade has made positive changes to its platform recently. Its Isa is now available for free on its basic plan, and you can access mutual funds on the paid tiers. Read more in our Freetrade review.

> Invest with Freetrade and get your cashback* 

Key details:

• Open and fund an account with at least £10,000 – includes both savings and investment accounts.
• Keep the money on the platform for at least six months to become eligible.
• The cashback should then be paid within 14 days.
• Prosper is app–only.
• You must enter the code PROSPERCASH when signing up on the app.

This is Money says: Prosper is a low–cost savings and investing platform. When it comes to investing, it even refunds the fees on 30 index funds and ETFs, which means you can potentially invest at zero–cost. Read more in our Prosper review.

There’s no deadline for this offer, but Prosper might withdraw it at any time. 

Funding an account with the minimum £10,000 and getting £100 back gives you a cashback rate of 1 per cent, matching some of the options above. But if you’re keen to open an account with anything more, the deals above make more sense.

> Invest or save with Prosper and get your cashback*