Offshore Trading Platform for UK Expat

[Rusty Gusset]

Any recommendation for a low cost offshore share platform? Mainly to deal in Euro, UK & Global ETFs. Not USA.

I'm currently resident for Tax in Africa but submit a UK Tax return as i get paid in pounds. I don't intent to return to the UK soon and don't intend to retire in UK. Any advice regarding buying ETFs in an offshore platform is welcomed

Edited by Rusty Gusset on Saturday 14th July 09:53

[DonkeyApple]

Is the main issue a concern over taxable gains or repatriation of funds?

[Rusty Gusset]

Taxable gains are the main concern. Intend to retire in Southern Europe so would like to invest some of pension pot in those countries.

[millen]

I recently opened a De Giro (Dutch brokerage) account as it offers flexibility to trade most European and other International exchanges and offers a huge range of ETFs.

This link suggests you may be eligible to open an account if you hold a UK bank account even if you're resident elsewhere https://brokerchooser.com/broker-reviews/degiro-re... See the Account Base Currencies paragraph. Account opening process was painless - for a UK citizen they want bank account details and passport number. Likewise funding by online transfer to their Deutsche Bank account.

Interactive Brokers is I believe the grand daddy of international retail brokerages but the platform isn't very intuitive and account opening and transfers can be hard work for non-US investors.

Saxobank might be worth looking at also.

[shopper150]

Have a look at IG.

[DonkeyApple]

Rusty Gusset said:

Taxable gains are the main concern. Intend to retire in Southern Europe so would like to invest some of pension pot in those countries.

The two main issues are tax and security. You ought to check with your accountant which jurisdictions are non taxable for your given situation. And from there you then need to find a broker in one of them that is secure. The latter tends to be the hard part as security for offshore investments comes at a price. The firms with sound balance sheets do like to charge for the privilege. IG offer physical broking via their Swiss entity and most U.K. banks have a Jersey operation. Plenty of firms in Gib but they’re all a bit shonky in my book.