Which Brokerage Works Best for U.S. Expats?

I work with US citizens scattered across ~26 countries, so I recently asked my go-to AI which U.S. investment firms handle expats the best. Here’s the short version on Schwab, Fidelity and Vanguard.

1. Charles Schwab — Best for U.S. Expats

Schwab is easily the most expat-friendly of the major brokerages. It allows U.S. citizens abroad to open and maintain accounts, including its dedicated Schwab International Account. Trading stocks and ETFs is usually unrestricted, customer service understands expat needs and the linked Schwab Bank makes moving money internationally simple.

Bottom line: The smoothest choice for most expats.

2. Fidelity — Works Only If You Already Have It

Fidelity generally won’t open new accounts for Americans living overseas. Existing customers can usually keep their accounts, but certain trades—especially mutual funds—may be limited.

Bottom line: Fine if you already use Fidelity, but not ideal for new expats.

3. Vanguard — The Most Restrictive

Vanguard typically requires a U.S. residence for full service. Expats often face blocked account openings and limits on buying Vanguard mutual funds from abroad.

Bottom line: Usually not practical for Americans overseas.

Recommendation

For U.S. citizens living abroad, Charles Schwab stands out for flexibility, access and expat-friendly policies.

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I personally use Vanguard, I am considering making a change. But I am not sure the juice is worth the squeeze.