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US citizens in the UK · Institutions

Which XTB accounts accept US citizens

Last checked

XTB has been checked for US citizens across 2 account types. Both are open to a US person (both with strings).

If you already have an account with XTB, a second one there is usually the easier application, because XTB has already checked who you are. Each account below carries its verdict, the evidence behind it and the date it was last updated.

At a glance

Account type Verdict Accounts Updated
Stocks & shares ISAs Accepts with conditions 1
Brokerage accounts Accepts with conditions 1

Stocks & shares ISAs

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Accepts with conditions
Updated

US persons: the ISA schedule is silent, while its promotion terms exclude US persons

The ISA terms set eligibility at UK residence for tax purposes and say nothing about US persons, while XTB's own promotion terms define a US person in full and require that entrants are not one. That leaves the account level position unstated, so get it in writing before subscribing. Its ISA page quotes FSCS cover of £120,000 in a comparison of cash interest, which is the deposit limit; invested holdings are covered to £85,000, as its terms of business say.

FSCS £85,000 investment cover · XTB Limited acts as ISA manager

Account Terms The catch
Stocks and Shares ISA
Annual fee
None
Dealing fee
No commission up to €100,000 of monthly turnover, then 0.2% with a £10 minimum
Can hold
Over 9,100 shares and ETFs including fractions from £1. The ETFs are European listed, so PFICs; the direct shares are not.
Individual shares
Yes
US-domiciled ETFs
No
 Currency conversion of 0.5% may apply, and you need an XTB general investment account first.

Source: XTB ISA terms, ISA declaration 2026-27, promotion terms and UK terms of business (version 14 July 2026), 2026-09-15 XTB's own page

Brokerage accounts

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Accepts with conditions
Updated

US persons: no published US policy either way, beyond the reporting clause every UK broker carries

XTB's UK terms never bar US persons. Their FATCA clause says XTB must report any US reportable persons, but every UK firm carries that clause and it does not say XTB will open an account for one. Its promotion terms exclude US persons from free share offers, which again speaks to the offer rather than the account. So this rests on the absence of a bar, not a written welcome: ask before you apply. XTB is also a contracts for difference house that added real share dealing, so check you are opening the investment account rather than a leveraged one.

FSCS £85,000 investment cover · FCA authorised

Account Terms The catch
XTB investment account
Annual fee
None, though £10 a month applies after a year without trading and 90 days without a deposit
Dealing fee
No commission up to €100,000 of monthly turnover, then 0.2% with a £10 minimum
Can hold
Real shares and ETFs on UK, US and European exchanges, including fractions. The ETFs are European listed, so they are PFICs for US tax; the direct shares are not.
Individual shares
Yes
US-domiciled ETFs
No
 Currency conversion costs 0.5%, rising to 0.8% at weekends. No custody fee up to €250,000.

Source: XTB UK terms of business (version 14 July 2026), promotion terms and account fees page, 2026-09-15 XTB'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.