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US citizens in the UK · Institutions

Which Freetrade accounts accept US citizens

Last checked

Freetrade has been checked for US citizens across 3 account types. All 3 are closed to a US person.

At a glance

Account Verdict Last checked
Stocks & shares ISAs Skip
Brokerage accounts Skip
SIPPs Skip

Stocks & shares ISAs

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Freetrade says it is not available to US citizens or to anyone holding dual US citizenship, and its terms make not being a US person under FATCA a condition of the account. A later clause requires you to tell it and sell any holdings you cease to be eligible for.

FSCS £85,000 investment cover · app and web

Source: Freetrade help centre and general terms clause 7.2.5, 2026-08-17 Last checked Freetrade's own page

Brokerage accounts

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Freetrade sells a general account with no fee and no commission, and its terms make not being a US person under FATCA a condition of every account it offers, including citizens and residents of the States. The bar bites before you reach its separate fund restrictions.

FSCS £85,000 investment cover · app and web

Source: Freetrade general terms, clause 7.2.5, 2026-08-17 Last checked Freetrade's own page

SIPPs

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Freetrade makes not being a US person under FATCA a condition of every account it offers, the SIPP included, and spells out that this covers citizens, residents and anyone meeting the substantial presence test.

FSCS £85,000 investment cover · app and web

Source: Freetrade terms and conditions, 2026-08-17 Last checked Freetrade's own page

Account names link to the provider's own site. momo has no active affiliate partnerships; if that changes it will be disclosed and will never change a verdict. Every institution, A to Z.

Confirm your own position with a cross-border specialist. Acceptance policies and tax rules change, and your facts may differ from the general case. Rates and terms here are the provider's published figures rather than an offer, and the provider decides each application on its own criteria. Use this as a map, not a ruling. Last checked .
Tax

PFIC

Almost every UK-domiciled fund is a PFIC, taxed by the US at punitive rates with heavy filing. This is why US citizens hold individual shares, not UK funds.

 Tax

ISA US tax

The IRS does not recognise the ISA wrapper. Cash ISA interest and stocks ISA gains are taxable on your US return, and fund holdings drag in PFIC rules.

 Tax

FATCA

FATCA makes UK banks report accounts held by US persons to the IRS. It is not a tax; it is a reporting trail. Where it bites is access.

 Tax

SIPP US tax

The treaty generally lets a UK SIPP grow tax-deferred for US purposes, but the protection has limits. How the US treats contributions, growth and drawdown.