CMC INVEST
Introduction
1. These terms and conditions ("Transfer Bonus Terms") form the basis of the opportunity to participate in the CMC Markets Investments Limited offer ("Transfer Bonus Offer").
2. Taking part in this Transfer Bonus Offer constitutes acceptance of these Transfer Bonus Terms. CMC Markets Investments Limited (Company Registration Number 12816952) ("CMC Invest") is the provider of this Transfer Bonus Offer. CMC Invest is authorised and regulated by the Financial Conduct Authority (“FCA”) (registration number 948126). CMC Invest reserves the right to withdraw the Transfer Bonus Offer, or vary or cancel any of these Transfer Bonus Terms at any time, in its sole discretion and without prior notice, subject to Applicable Law.
3. Capitalised terms used but not defined herein have the meaning given to them in the CMC Invest General Terms of Business ("General Terms").
Conditions of Eligibility
4. The Transfer Bonus Offer is available to customers who have satisfied the eligibility criteria set out below in Clause 5 ("Eligible Customer").
5. The eligibility criteria for the Transfer Bonus Offer are that the Eligible Customer must:
(a) hold a Plus or Premium subscription plan with CMC Invest ("Subscription") and not initiate Account closure and/or downgrade that Subscription to Core prior to 02 April 2025; and
(b) transfer assets to CMC Invest within the Offer Period from one or a combination of the following (collectively "Eligible Transfers”):
(i) a HMRC approved ISA manager in accordance with CMC Invests’ General Terms;
(ii) a UK authorised pension scheme in accordance with the General Terms; and/or.
(iii) initiate a transfer of assets to CMC Invest from an FCA regulated financial, trading, investing and/or broker firm(s) using the Application, or by requesting a manual transfer by contacting support@cmcinvest.com within the Offer Period (see clause 6 below)
Offer Period
6. The Transfer Offer is open from 00:01 (GMT) on 4 September 2023 and closes at 22:00 (GMT) on 1 December 2023 ("Offer Period"). All Eligible Transfers must be initiated within the Offer Period. The Offer Period may be extended or otherwise varied by CMC Invest at any time.
Important Information
7. The Transfer Bonus Offer entitles an Eligible Customer to receive a cash bonus, (“Transfer Bonus") which will be credited to their General Investment Account (“GIA”). The amount awarded will depend on the total GBP value of all Eligible Transfers initiated within the Offer Period and is set out in Appendix 1 below.
8. CMC Invest will use the end of day price i.e. 22:00 GMT on 02 April 2024 to calculate the total current market value of all Eligible Transfers made within the Offer Period to determine the Transfer Bonus in accordance with Appendix 1 ("Calculation Period").
9. The Transfer Bonus will be credited to the Eligible Customer’s GIA within 25 Business Days after the end of the Calculation Period and can be used to place trades on the Application and/or make a transfer request to credit a customer’s CMC Invest ISA in accordance with the General Terms.
10. If an Eligible Customer (i) partially or fully transfers any asset from their Account to a different provider or (ii) closes their Account and/or downgrades their Subscription to Core prior to 02 April 2025 then the Eligible Customer must return the Transfer Bonus to CMC Invest. CMC Invest shall have the right to liquidate assets held in an Eligible Customer’s Account to recover any Transfer Bonus amount.
General Legal Terms
11. CMC Invest will not be liable to an Eligible Customer in relation to this Transfer Bonus Offer (including for any losses arising as a result of use of this Transfer Bonus Offer) and the provisions of clause 21 ("Our liability towards you, and limitations of that liability") of the General Terms shall apply to this Transfer Bonus Offer as if set out here in full.
12. CMC Invest collects personal information from all participants in order to conduct the Transfer Bonus Offer. If any information requested by CMC Invest is not provided by the participant, the participant may not be able to participate in the Transfer Bonus Offer. Information collected from participants in the Transfer Bonus Offer is subject to the CMC Invest Privacy Policy (as amended from time to time) and will be handled in accordance with Applicable Law.
13. In addition to any other rights and remedies available to CMC Invest, in the case of any breach or suspected breach of these Transfer Bonus Terms, CMC Invest is entitled to deem a participant ineligible for the Transfer Bonus, and may reclaim from the participant any Transfer Bonus payments previously made pursuant to this Transfer Bonus Offer.
14. Each person who successfully takes part in the Transfer Bonus Offer is responsible for any and all taxes payable (if any) as a result of this Transfer Bonus Offer being awarded, received, or accepted.
15. A failure by CMC Invest to enforce any of these Transfer Bonus Terms in any instance(s) will not give rise to any claim by any person or prevent CMC Invest from taking enforcement action later.
16. CMC Invest customers who make any Eligible Transfers within the Offer Period in accordance with these Transfer Bonus Terms will automatically participate in the Transfer Bonus Offer. To opt out of the Transfer Bonus Offer and these Transfer Bonus Terms please email support@cmcinvest.com confirming the request to do so..
17. These Transfer Bonus Terms and any non-contractual obligations arising out of or in connection with these Transfer Bonus Terms are governed by, and interpreted in accordance with, the laws of England and Wales.
18. The courts of England and Wales have exclusive jurisdiction to hear all and any disputes or claims (including non-contractual disputes or claims) arising out of or in connection with these Transfer Bonus Terms.
Risk Warning
19. CMC Invest does not provide investment advice and individual investors should make their own decisions or seek independent advice. The value of investments can go up as well as down and you may receive back less than your original investment. These Terms are dated 31 August 2023.
Appendix 1 – Bonus Structure
The below table shows the Transfer Bonus calculation. The amount that an Eligible Customer is awarded for Eligible Transfers, depends on the total value of the assets upon settlement of the Eligible Transfers within the Transfer Period.
Total Eligible Transfer Value Bonus £25,000 - £49,999 £350 £50,000 - £74,999 £600 £75,000 – £99,999 £700 £100,000+ £1,000
Frequently Asked Questions
Who is eligible to qualify for the Transfer Bonus?
CMC Invest Plus and Premium customers who initiate the transfer(s) of their GIA, ISA and/or SIPP account between 4 September and 1 December, with a minimum total settled value of £25,000, will be eligible for the Transfer Bonus.
The Transfer Bonus is open to new and existing customers, providing they meet the above criteria.
I have already transferred an account to CMC Invest previously, am I still eligible for the Transfer Bonus if I transfer another account?
Yes. So long as you still meet the above criteria you will qualify for the Transfer Bonus if you initiate another transfer during the promotion period. Previously transferred balances, however, will not count towards your transfer value when determining your bonus amount.
How long will the Transfer Bonus promotion run for?
The promotion will run between 4 September 2023 and 1 December 2023. Transfers must be initiated on or before 1 December 2023 for the customer to be eligible for the bonus.
How much will I receive as a Transfer Bonus?
The amount you receive as part of the Transfer Bonus will depend on how much is transferred into your account(s). This is shown in the table below:
| Transfer In Value | Bonus |
|---|---|
| £25,000 - £49,999 | £350 |
| £50,000 - £74,999 | £600 |
| £75,000 – £99,999 | £700 |
| £100,000+ | £1,000 |
When will I receive my Transfer Bonus payment?
The amount you are owed as part of the Transfer Bonus will be calculated on 2 April 2024. You will receive your payment within 25 days of this calculation date.
Where will my Transfer Bonus payment be deposited?
Transfer Bonus payments will be paid into customers’ GIA.
Can my Transfer Bonus be reclaimed by CMC Invest?
CMC Invest reserves the right to claw back any Transfer Bonus payments under the following circumstances:
If a customer transfers out any assets to another investment provider within 12 months of receiving the payment.
If a customer downgrades their account from Plus/Premium to Core within 12 months of receiving the payment.
If a customer closes their CMC Invest account within 12 months of receiving the payment.
