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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 Verdict Last checked
Stocks & shares ISAs Skip
Brokerage accounts Skip

Stocks & shares ISAs

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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 Last checked True Potential's own page

Brokerage accounts

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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 Last checked True Potential's own page

Account names link to the provider's own site. momo has no active affiliate partnerships; if that changes it will be disclosed and will never change a verdict. 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

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.