ETFs for Sint Maarten residents

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August 12, 2019 at 11:17 am #46458
Ben Keymaster

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?

August 12, 2019 at 11:19 am #46460
Richard Berry Participant

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.

Read our Saxo review here

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