Monzo Investments referral link (UK): paused, here are the best alternatives

Last updated: 31 May 2026

This article contains affiliate or referral links. If you click through and sign up I may earn a commission or referral bonus at no extra cost to you. It does not affect my editorial view. This is information, not financial advice.

Capital at risk. The value of investments can go down as well as up and you may get back less than you invested. Past performance is not a reliable indicator of future results.

Status: is the Monzo Investments referral offer still live?

At the time of writing, it looks like Monzo has paused the Monzo Investments referral incentive. The scheme itself launched in September 2025 and has no official end date, but Monzo's terms make clear that not every invite comes with a reward. So rather than send you on a wild goose chase, here are the closest alternatives that are actually worth doing right now.

For context, when the Monzo Investments referral is active, it offers a random bonus of £5, £10, or £20 to both the referrer and the new investor. If it switches back on, we'll update this page immediately. In the meantime, here's where to look instead.

Best alternative if you want managed funds like Monzo

JPMorgan Personal Investing: 6 months with no management fees

If your goal was hands-off investing like Monzo, where you choose a risk level and let experts manage the rest, JPMorgan Personal Investing is the nearest match. It's the same platform that used to be called Nutmeg, now backed by the full weight of J.P. Morgan. It covers Stocks and Shares ISAs, Lifetime ISAs, Junior ISAs, Personal Pensions and general investment accounts.

The live referral offer gives new customers six months of 0% portfolio management fees. To qualify, you sign up through a referral link and invest at least £500 in net new money within 30 days of your first investment, and not into a cash-only pot.

Standard management fees apply before the 0% rate kicks in and once the six months end. Fund costs and market spread costs also apply throughout, so it lowers your costs rather than removing them entirely. Tax treatment depends on the individual circumstances of each client and may be subject to change in future.

J.P. Morgan Personal Investing is authorised and regulated by the Financial Conduct Authority (FRN 552016) and is covered by the FSCS in respect of the investment business it provides.

Go to JPMorgan Personal Investing offer

Capital at risk. The value of investments can go down as well as up and you may get back less than you invested. Past performance is not a reliable indicator of future results. Free shares and sign-up bonuses are usually randomly selected, with most at the lower end of the stated range, and qualifying conditions apply.

Best alternatives if you want self-managed investing

Lightyear: up to £100 free stock

For DIY investing, Lightyear is a straightforward, modern platform, and its referral bonus is consistently available. Deposit at least £100, and you'll receive a randomly selected free fractional share worth between £10 and £100 (most people land in the £10–£20 range). Commission-free stock and ETF trading with a competitive 0.10% FX fee makes it a strong platform in its own right.

Go to the Lightyear referral offer

Freetrade: free share worth £10–£100

Freetrade is a solid UK-first DIY investing platform. Sign up via a referral link, deposit at least £50, and you'll receive a randomly selected free share worth between £10 and £100, with most at the lower end of that range. It's straightforward, FCA-regulated, and offers commission-free trading on UK and US stocks.

Go to the Freetrade free share offer

Robinhood UK: free stock up to $175

Robinhood launched in the UK in 2024 and offers commission-free trading on US and UK shares. New users get a randomly selected free share worth up to $175 when they sign up through a referral link and fund their account. Most are low in value, so treat it as a small perk rather than a guaranteed windfall.

Go to the Robinhood UK offer

Trading 212: free share up to £100 (not always live)

Availability note: Trading 212's free share referral runs in campaigns and is not always active. It can pause without warning and return at a later date with different terms. Always check whether the offer is currently live before signing up on this basis.

When it is live, Trading 212's referral gives you a randomly selected free share worth up to £100 (most are at the lower end) when you sign up and deposit at least £1. It's a strong DIY platform for buying shares and ETFs with zero commission. Just don't bank on the bonus being available the moment you visit the page.

Check the Trading 212 referral offer

Want the bigger picture first?

If you're still deciding which platform fits you best, whether managed or DIY, and want to compare fees, ISA options, and sign-up bonuses side by side, start here:

Best investment referral deals in the UK (2026)

Still want Monzo? Do the bank offer instead

Even if the investing bonus is paused, Monzo's main current account referral can still be worth doing, especially if you wanted Monzo anyway. New customers get a random bonus of £20, £50, or £100 after making their first card payment within 30 days.

Go to the Monzo bank sign-up offer

And if you want our full take on Monzo's investment feature, including the new Build Your Own ETF portfolios, fees, and fund breakdown, read the Monzo Investments review.

FAQs

Can Monzo turn the investing referral back on?

Yes. The official referral terms (launched September 2025) have no end date. Monzo can change the reward, pause it, or switch it off entirely at any time, sometimes without notice. We'll update this page when it comes back.

What's the closest replacement for Monzo Investments?

For fully managed funds, the nearest match is JPMorgan Personal Investing. For DIY investing where you pick your own shares, Lightyear has a live offer. Both are FCA-regulated, so always check the current offer terms before signing up.

Does the Trading 212 referral offer get paused?

Yes, regularly. Trading 212's free share referral is campaign-based and not always live. It can pause and return at any time, sometimes with different terms or share values. Always check whether the offer is currently active before signing up.

How much is the Robinhood UK free stock actually worth?

Most recipients get a low-value share. The maximum is $175, but the odds of landing near that are slim, so treat it as a small perk rather than a guaranteed windfall. You qualify by signing up through a referral link and funding your account.

Is this financial advice?

No. This content is for information only and is not financial advice. Investing involves risk and you may get back less than you invest. Promotions can change or end at any time. Always read the provider's terms before signing up. Monzo, JPMorgan Personal Investing, Lightyear, Freetrade, Robinhood, and Trading 212 are each authorised and regulated by the Financial Conduct Authority. Eligible investments are protected up to £85,000 per person per FCA-authorised firm by the FSCS.

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Disclaimer

This page contains affiliate or referral links that may earn CoolCuration a commission or referral bonus at no extra cost to you. It does not affect our editorial view. This is not financial advice. Capital at risk. The value of investments can go down as well as up and you may get back less than you invested. Past performance is not a reliable indicator of future results. Tax treatment depends on the individual circumstances of each client and may be subject to change in future. Promotions, fees, product details, and terms can change at any time, so always check the latest with the provider before signing up. If you are unsure whether an investment is right for you, consider speaking to a qualified financial adviser. CoolCuration is not authorised by the Financial Conduct Authority and does not offer personalised financial guidance.

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