Momo
US citizens in the UK · Institutions

Which Stake accounts accept US citizens

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

At a glance

Account type Verdict Accounts Updated
Brokerage accounts Not offered —

Brokerage accounts

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Not offered
Updated

Stake closed its UK operation on 15 November 2024 and moved eligible accounts to Freetrade, so there is nothing to open, and its UK site now carries only the closure notice. Accounts that were not eligible for the move stayed with DriveWealth, Stake's US broker, which holds the assets until the owner asks for them back. Freetrade bars US persons under FATCA, so it is no alternative either. 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 2026-09-17 Stake's own page

Account names link to the provider's own site. No link on this page is paid. How Momo makes money. 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

FATCA

Do UK banks report your account to the IRS? Yes, through HMRC, under FATCA. It is a reporting law, not a tax. Where it bites is access.