Momo
US citizens in the UK · Institutions

Which True Potential accounts accept US citizens

Last checked

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

At a glance

Account type Verdict Accounts Updated
Stocks & shares ISAs Declines US citizens —
Brokerage accounts Declines US citizens —

Stocks & shares ISAs

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Declines US citizens
Updated

A clear case of the bar living outside the contract. The ISA terms set a plain residence test and never mention America, while the FAQ answering who can open one says you must not be a United States person or citizen, reaching anyone born in the States, Puerto Rico, Guam or the US Virgin Islands, anyone with a US citizen parent, and anyone meeting the substantial presence test.

FSCS £85,000 investment cover · online and app

Source: True Potential ISA eligibility FAQ, 2026-08-17 True Potential's own page

Brokerage accounts

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Declines US citizens
Updated

To open one you must be resident in the UK and not be a United States person or citizen. Its definition is the widest on this page, catching anyone born in the United States, Puerto Rico, Guam or the US Virgin Islands, and anyone with a US citizen parent. The account holds only True Potential's own funds, so it would be no use even without the bar.

FSCS £85,000 investment cover · usually adviser linked

Source: True Potential ISA, JISA and GIA terms, 2026-08-17 True Potential'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

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

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.