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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?
Hi,
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.
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