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US citizens in the UK · Institutions

Which Stake accounts accept US citizens

Last checked

Stake has no general investment account to open, whatever your nationality.

At a glance

Account Verdict Last checked
Brokerage accounts Not offered

Brokerage accounts

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Not offered

Stake closed its UK operation on 15 November 2024 and moved eligible accounts to Freetrade, so there is nothing to open. Worth knowing where those customers landed, because Freetrade bars US persons under FATCA, so anyone transferred across ended up somewhere that will not keep them. Note also that Stake never held your assets under the FSCS: custody sat with DriveWealth in the US under SIPC.

Left the UK market in November 2024 · book transferred to Freetrade

Source: Stake UK closure announcement, 14 November 2024, read 2026-08-17 Last checked Stake'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

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.