To mark the start of the latest US earnings season and welcome EQi customers to our platform, we are removing trading fees on US shares for 5 days.
New and existing customers can trade US shares with no trading fees online and via our mobile app from Monday 12 to Friday 16 July 2021 - saving most customers £7.99 per trade. For more information, please read the full offer terms and conditions.
How to get set up
Set up your account for US trading
There are two things you need to do before you can add US shares to your account.
— Agree to our online Exchange Agreements so you can get live US prices. To do this, log in to your account, click ‘Trading’ and select ‘Trade now’. Then click the ‘International’ tab, followed by ‘Sign the exchange agreements’.
— Complete a W8-BEN form. This can reduce the amount of tax you pay on US dividends and interest payments and is valid for three years. You can do this online by logging in and visiting our Useful Forms page. You don't need to do this if you are only investing in the ii SIPP.
You’re ready to go
A few useful things to remember about trading US shares:
— US markets are usually open from 2.30pm to 9pm UK time (that's 9.30am to 4pm Eastern time) - so you can trade later than UK shares.
— You will see prices in dollars and cents – not pounds and pence.
— When you trade US shares, you will not see the 15-second countdown with a fixed price as you do with UK shares. Your order will be sent directly to the US exchange, and the actual traded price will be confirmed when the trade completes.
— With our Trading Account and SIPP, you can convert pounds into dollars and hold it in your account until you’re ready to trade. This saves you having to pay currency conversion fees on every trade. Find out more
Fees and charges for US share dealing
- Our standard rate to buy and sell US shares is £7.99*. During the offer period you'll pay £0.
- When you convert your currency, there is a foreign exchange fee of up to 1.5%. Find out more
* If you plan on making a lot of international trades, our Super Investor service plan could save you money in the long run.
Multi award-winning service
We’ve won ‘Best International Share Dealing Service’ at the Shares Awards every year since 2017, and ADVFN’s ‘Best Stockbroker for International Dealing’ every year since 2018.
Please remember: The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The value of international investments may be affected by currency fluctuations which might reduce their value in sterling. We may receive two elements of commission in relation to international dealing - Trading Commission and our FX Charge. Please see our rates and charges for full details of the relevant costs. Foreign markets will involve different risks from the UK markets. In some cases the risks will be greater.
Trading fee free US trading terms and conditions
- A trading fee of £0 (the “Offer”) is applicable to all buy and sell orders of US equities placed via the ii website and using the interactive investor mobile apps. Orders must be executed between 2.30pm (BST) on 12 July 2021 and 9pm (BST) on 16 July 2021 (the “Offer Period”) in order to be eligible for the Offer. For the avoidance of any doubt, any orders placed within the Offer Period but not executed until after the Offer Period has ended will not be eligible for this Offer.
- The Offer is open to new and existing customers.
- Before you can buy US-listed shares, you need to complete the relevant IRS W-8 form. If you are a UK resident and your account is in your individual name you can complete the form online. We cannot guarantee that the process of either opening a new account and/or enabling the account for international share dealing will be completed before the Offer closes.
- These terms and conditions should be read in conjunction with the Interactive Investor Services Limited (“IISL”) Terms of Service and the ii SIPP Terms (together, the “Terms of Service”). In the event of a conflict between these terms and conditions and the Terms of Service, these terms shall prevail.
- After the Offer has ended, the trading fee you will be required to pay will be as set out in our Rates and Charges.
- Orders placed via telephone dealing are not included in this Offer and will be subject to the charge set out in our Rates and Charges.
- All other fees, for example foreign exchange rates for currency conversion and Government charges, are not subject to this Offer and shall continue to apply notwithstanding.
- Anyone who is seen to be abusing the offer may be excluded at our sole discretion.
- We reserve the right to alter, withdraw or amend this Offer and/or these terms and conditions at any time without prior notice.
- All participants to this Offer agree to be bound by these terms and conditions.
- IISL is the promoter of this offer. The registered office for IISL is Exchange Court, Duncombe Street, Leeds LS1 4AX.