As a client of our Direct Investment Service, you have access to international trading through European, US, Canadian and Far Eastern markets, without the need to hold foreign currency.
Trade shares in the biggest North American and European companies online and have access to a telephone dealing service for specialist international trading, covering other global markets.
What international shares can I buy?
Online Direct Investment Service
Over 4,000 US, Canadian, and European shares can be traded online through us. These are shares that are available as “Crest Depository Interests”, known as “CDIs”. CDIs are UK securities representing international securities that are issued by Crest, the same arrangement through which UK and Irish shares are traded and settled.
For every CDI share that is issued, Crest will hold the equivalent international share. They trade just like ordinary UK shares and even pay dividends in British pounds.
Telephone Direct Investment Service
We recognise that you might have more specialist requirements, so our service is not limited to CDIs. Through our telephone dealing service, we aim to provide you with the largest possible coverage of international shares through other global exchanges, including Far Eastern markets.
What markets are available online?
New York Stock Exchange (NYSE) (US market)
NASDAQ (US market)
Toronto Stock Exchange (Canadian market)
TSX Venture Exchange including NEX (Canadian market)
In October/November there will be an additional hour difference between the UK and the US/Canada. In March there is an additional one-hour difference.
*Please note that there will only be telephone support for your online trades until 5pm.
Online and phone: 8am-4:30pm
How will my international shares be taxed?
International shares, or income from them, may be subject to certain taxes levied by the tax authority in their country of origin. There may also be additional counterparty or exchange fees levied on such transactions. We will automatically provide you with a Consolidated Tax Certificate for your investment account(s), showing all income earned from and any tax paid for your UK and international shares.
Income earned on US shares is subject to withholding tax of 30%. If we hold a valid W-8Ben form in place for you, you will pay a reduced rate of 15%.
Once you invest in US shares for the first time, we will post you a W-8Ben. You do not need to complete one before your first purchase of US shares, but once we send you this form please return it promptly, You must complete a fresh one every three years, which we will also send to you automatically.
If you are a UK resident, we will automatically arrange for you to receive withholding tax at the lower rate of 15% instead of the full rate of 25%.
Financial Transaction Tax (FTT) applies to purchases (not sales) of shares on certain European markets including France, similar to Stamp Duty in the UK. This tax is levied as a percentage of the total value of your purchase and will be outlined on the contract note that you receive in confirmation of the trade.
How do I transfer my international investments?
You can transfer your international shares from other providers to Charles Stanley by completing a transfer request. You can submit a transfer request online, through the transfer in section of our website.
If possible, we will convert shares into CDI form upon receipt. If you already hold CDI shares, we will try to organise an electronic transfer to your account with us. If these options aren’t possible, we will hold them in international custody for which the International Custody charges detailed in our charges will outline.