Overseas share dealing
Buy and sell thousands of American and international shares
Important information - Investments can go up and down in value, so you could get back less than you put in. If you aren’t sure which investments are right for you, please seek advice. Tax rules can change and their benefits depend on your circumstances.
A world of opportunity
It’s as easy to buy BMW as Barclays with HL. You can choose from thousands of US, Canadian and European shares. And hold them in the same account as your UK investments.
HL’s experts cover a variety of US and European shares in their research so you can stay informed of what’s going on in the world of investing.
How to deal overseas shares
You can deal overseas shares online, on the app or by phone. You don’t need to hold foreign currency, the share price is converted into pounds when you deal. Before you can buy US or Canadian shares, you'll need to complete a W-8BEN form. This entitles you to tax savings on any dividends and interest you earn. Dividends from shares based in other countries may be subject to withholding tax that can't be reclaimed.
If you have an HL account, log in and deal. If you’re new to HL, you can open an account online in minutes.
Fund and Share Account
Free to hold shares
No investment limits
Minimum £1 to open
Stocks and Shares ISA
0.45% annual charge to hold shares (maximum £45)
Invest up to £20,000 this tax year
Minimum £100 to open
If you’re investing in retirement, you could also deal shares in your pension. Find out more about the HL SIPP.
Please ensure you have read the important information about holding overseas shares before you deal.
Due to a change in listing or other factors beyond our control, occasionally we may cease to cover an overseas stock. In this case, additional administration charges may apply for dealing these shares.
Exchange rates and dealing charges
When you deal the share price is converted into pounds at the prevailing interbank exchange rate, by a UK-based market maker. You’ll pay a foreign exchange (FX) charge and our standard dealing commission.
There is no FX charge for trades placed online within a Junior ISA.
Fluctuations in the exchange rate will affect the sterling value of your overseas holdings.
Foreign exchange charge
| Value of trade | FX charge |
|---|---|
| First £5,000 | 1.00% |
| Next £5,000 | 0.75% |
| Next £10,000 | 0.50% |
| Over £20,000 | 0.25% |
Online and HL app dealing charge
| Deals previous month | Dealing charge |
|---|---|
| 0-9 deals | £11.95 |
| 10-19 deals | £8.95 |
| 20 or more deals | £5.95 |
| Trades placed in a Junior ISA | Free |
In addition to dealing charges, there's an annual management charge to hold shares. This is 0.45% for a Stocks and Shares ISA (capped at £45 a year), 0.45% for a Self-Invested Personal Pension (capped at £200 per year), 0.25% for a Lifetime ISA (capped at £45 per year). There is no annual charge to hold shares in a Fund and Share Account or Junior ISA.
Buying US and Canadian shares
Before you can buy US and Canadian shares you need to complete a W-8BEN form. This form saves you up to 30% tax on your US and Canadian income, and it’s valid for three years.
You can complete your W-8BEN online now if:
You’re not a US citizen or US tax payer
You’re the only account holder
You're 18 or older
You’ll need to complete a paper form if:
You’re a US citizen or tax payer
This is a joint account you hold with someone else
This is a company, charity or trust account
You’re acting as power of attorney
Please use the table below to download the correct form.
| Type of account | Form |
|---|---|
| Individual (resident in the UK) | W-8BEN form |
| Joint (resident in the UK) | W-8BEN form |
| Individual(s) (resident overseas - eligible) | W-8BEN form Please note only residents from eligible countries will benefit from a reduced rate of tax |
| Individual(s) (US citizen or resident(s)) | W-9 form US citizens or residents will not benefit from a reduced rate of tax |
| Investment clubs | W-8BEN form - investment clubs |
| Designated accounts | W-8BEN form - designated accounts |
| Bare Trusts | A W-8IMY, Withholding Statement and a W-8BEN need to be completed. |
| Charities | W-8BEN form - charities |
| Companies | W-8BEN form - companies |
| Complex trusts | W-8BEN form - complex trusts |
A W-8BEN is valid for three calendar years after the year it is signed. We will contact you when it's time to renew.
Help and support
If you have any questions about share dealing, call our helpdesk or send us a message.