Momo
US citizens in the UK · Institutions

Which Trade Republic accounts accept US citizens

Last checked

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

At a glance

Account type Verdict Accounts Updated
Brokerage accounts Not offered —

Brokerage accounts

Compare with other providers
Not offered
Updated

Two reasons this is not available to you. Trade Republic says plainly that US persons cannot open an account and that it does not accept US citizens or US taxable persons, and separately it is not FCA authorised and does not serve the UK, so there is no UK account to apply for. Cash sits under the German deposit guarantee rather than the FSCS.

No UK entity · German bank supervised by BaFin, not FCA authorised

Source: Trade Republic support, US account eligibility, 2026-08-17 Trade Republic'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.