Brokerage Firms for UK Expats (Off topic)19 Apr 2025 05:26
Hi All,
Sorry for the off topic questions.
For those UK Expats living abroad, which UK domiciled brokerage firms do you use for your trading ? Are they friendly towards non-UK residents ?
If you hold large share portfolios, do you have multiple brokerage accounts to spread your risk (in case the firm goes bankrupt) ?
Currently i have an account with Interactive Investor, however they are not friendly towards UK non-residents and have suggested i will have to close my account down if i dont relocate back to UK in the next several years. Their compliance team has requested documents on multiple occasions for proof of address, tax status, source of income (and actually frozen my account until i provide the requested documents).
I recently opened an account with IKBR, and they are much more friendly towards non-UK residents and so far the experience is much better.
Interested to hear some experiences from other non-UK based British Expats. Which brokerage firms do you use, and how is your experience ?
Best Regards,
Bradders