Wondering if anyone knows what may happen to our ability to trade foreign stocks after Brexit? Once we leave the EU we also leave the 750 other treaties including those that provide rights to hold foreign stocks, for example we have a treaty with the US to hold their stocks however we have no such treaty with India hence its not really possible to hold those stocks from UK brokers.
I tweeted IG, who got back to me privately to say:
'As far as we are aware at this stage, all foreign shares held in an IG account will still be tradeable, regarding of the negotiations outcome. If anything drastic were to change, you would be notified in advance.'
Not amazingly comfortable with that response, has anyone had any better clarity or understands the mechanics of how this works to better prepare?
thanks
Moderator Message:
Unusually moved from Polite Discussions to DAK as it might get a more balanced treatment here. So please try to address the OP's question rather than let this slip into a pro-leave/pro-remain debate -- if at all possible. - Chris
Unusually moved from Polite Discussions to DAK as it might get a more balanced treatment here. So please try to address the OP's question rather than let this slip into a pro-leave/pro-remain debate -- if at all possible. - Chris