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Brokers paying ETF / Fund dividends in USD to UK accounts

Financial discussion for any financial queries for Expats
floyd3592
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Brokers paying ETF / Fund dividends in USD to UK accounts

#333803

Postby floyd3592 » August 17th, 2020, 11:07 am

Does anyone know of a broker who will facilitate buying of US ETFs / funds for a UK resident with payments being made in USD to a non-US bank account?

I currently use HSBC’s International Sharedealing service to buy US stocks with dividends being paid into my USD account with them. However they are restrictive in both the stocks u can invest with them and the total absence of ETFs / funds for purchase.

telemark15
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Re: Brokers paying ETF / Fund dividends in USD to UK accounts

#334041

Postby telemark15 » August 18th, 2020, 9:24 am

US ETFs and US funds can not be sold to UK residents any more unless you are classified as a professional investor!

floyd3592
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Re: Brokers paying ETF / Fund dividends in USD to UK accounts

#334106

Postby floyd3592 » August 18th, 2020, 12:55 pm

telemark15 wrote:US ETFs and US funds can not be sold to UK residents any more unless you are classified as a professional investor!


Ahh right, many thanks for the info.

Regards
Floyd


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