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Fund and share dealing accounts for Isle of Man residents
Paul1 posted a topic in General ChatHi, can anyone recommend an online fund and share dealing account that is available to Isle of Man residents using Isle of Man bank accounts? I already have holdings with Hargreaves lansdown, up until now no problems. However, since recently trying to open a junior account for my son, I seem to have 'alerted them to the fact I am an Isle of Man resident' to quote and that they can no longer allow me to add or withdraw further money, although I can still trade with what's already in the account. This basically renders the account useless to me as I need to keep adding money if it's going to amount to anything worthwhile, and to some extent be able to withdraw when necessary, so I will need to swich provider. They say this is because I am an Isle of Man resident, and the iom is not considered part of the European economic area, and the FCA who regulate them don't allow this. After a lots of searching it seems every fund and share dealing account provider is regulated by the FCA. I have managed to open an account with IG who don't seem to have a problem with this, but they don't offer funds, which I would prefer to be an option if possible. I would be grateful for any advice on this matter, Thanks, Paul