A reader has asked: I would like to open an account to enable to me to buy London Stock Exchange-listed ETFs.
I have two questions:
1. I am a UK national and passport holder but resident in Sint Maarten, a constituent country of the Kingdom of the Netherlands in the Caribbean. Are you able to open an account for me?
2. I have some funds in GBP Sterling and some funds in US Dollars. Am I able to open a US Dollar account with your firm and buy and sell London Stock Exchange-listed ETFs without having to convert the US Dollars to GBP Sterling?
Our response: We asked a variety of brokers for a response on this, Saxo Capital Markets responded with:
Should be fine to open an account from Sint Maarten – sounds very exotic! I can’t see it on our exclusion list anywhere
We offer accounts in several base currencies (18 I believe) so having a USD account is not a problem
If buying GBP-denominated stocks/ETFs on a USD account an FX conversion will occur automatically. We will apply a currency conversion fee on open and close.
We also offer subaccounts which can be denominated in a different currency from the main account.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
