Broker for investing in UK shares

[murphy11]

Hi guys, I'm new here and want to find a broker that let's me trade UK shares using my UK bank account.

Background story: I'm an Aus resident but was working in London recently so I have a decent amount of pounds saved up over there. I don't want to convert these funds back into AUD because the pound is so weak against the AUD (~1.65), and it is currently earning 0% interest over there.

My guess is that the UK economy will recover over the next couple of years, so I would like to invest this money in shares/FTSE index and hopefully they will be worth more pounds and those pounds will be worth more AUD.

So basically I need a broker that:
- Let's me open an account as an AUS resident (not a UK resident)
- Let's me fund my trades using my UK bank account
- Let's me buy UK shares

The only possibility might be IB but I am not sure if I can fund directly from my UK account.

I have tried UK brokers such as Etrade/TD Waterhouse/Selftrade but you need to be a UK resident.

Does anyone know what my best option might be?

 

[fusela]

Hi Murphy,
I am new to Australia too and when googling came across your thread. Did you have any luck?

Thanks,
Fusela

 

[pstoe]

Hi, I'm also interested in an answer to this question.

 

[murphy11]

Hey guys, it's been 18 months and unfortunately I still haven't done anything about this.

I'm sure there is something suitable out there. I suspect that Interactive Brokers might fit the bill, but was really hoping to hear some opinions from the experts here.

If anyone has something to share, please do!

 

[tech/a]

Hey guys, it's been 18 months and unfortunately I still haven't done anything about this.

I'm sure there is something suitable out there. I suspect that Interactive Brokers might fit the bill, but was really hoping to hear some opinions from the experts here.

If anyone has something to share, please do!

IB
You cam trade anything
And it's cheap