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US citizens in the UK · Institutions

Which Saxo UK accounts accept US citizens

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Saxo UK has been checked for US citizens across 2 account types. Both are closed to a US person.

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Stocks & shares ISAs Skip
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Stocks & shares ISAs

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The ISA pages say nothing about nationality, and the help centre does: Saxo cannot offer services to anyone classified as a US person, and its definition expressly covers dual citizens who do not live in the States. The only route it names is a certificate of loss of nationality, which is not a route for anyone intending to stay American.

FSCS £85,000 investment cover · approved ISA manager

Source: Saxo help centre, can a US person have an account, 2026-08-17 Last checked Saxo UK's own page

Brokerage accounts

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Saxo will not take you. Its UK help centre says it cannot offer services to anyone classified as a US person, and expressly includes dual citizens living outside the US. The only route back in it names is a certificate of loss of nationality.

FSCS £85,000 investment cover · Saxo Capital Markets UK Ltd

Source: Saxo UK help centre, can a US person have an account, 2026-08-17 Last checked Saxo UK's own page

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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.