Childs trading accounts using child trust fund

lee.plymouth

Hi all, been a while since i have been on here!
My son has hia child trust fund with BMO and the returns are not that great to be honest. What i was wondering is 2 fold.
First - is it possible to open a trading accound for an under 18 where i can transfer the child truat fund to and invest myself?
Second - is there a stocks and shares isa or similar where i can put the trust find into and select have control over the stocks chosen to invest in?
Thanks in advance, Lee

lee.plymouth

Forgot to add, is there also anywhere i can invest the child trust fund into crypto's lile bitcoin etc.?

eskbanker

CTFs were effectively superseded by junior ISAs, which can be held in either cash or S&S flavours - a CTF can be transferred into a JISA:

https://www.moneysavingexpert.com/savings/child-trust-fund-vouchers/
https://www.moneysavingexpert.com/savings/junior-isa/
https://forums.moneysavingexpert.com/discussion/6267243/junior-stocks-and-shares-isa-are-they-still-worth-it-help

The usual rules of investing apply, i.e. it's unlikely to be suitable to be doing so if he's already in teenage years, but if he's still in single figures that would probably be a suitable timeframe.  On the subject of crypto, the short answer is no, but in any case perhaps worth bearing in mind that it's his money and you're obliged to be responsible with it - what experience do you have with managing crypto investments of your own?

ratechaser

lee.plymouth said:

Forgot to add, is there also anywhere i can invest the child trust fund into crypto's lile bitcoin etc.?

Please tell me you're joking 

lee.plymouth

Thanks for the replies. I have been trading for just over 2 years now and have quite a bit if experience woth crypto, hence the crypto side of the question. I understand it can be volatile but on the flip side, it can be extreemly lucrative, i have some which are over 6000% profit. I want to put his trust fund to work harder so he can get better returns whilst also being cautious and responsible where needs be.

underground99

lee.plymouth said:

Thanks for the replies. I have been trading for just over 2 years now and have quite a bit if experience woth crypto, hence the crypto side of the question. I understand it can be volatile but on the flip side, it can be extreemly lucrative, i have some which are over 6000% profit. I want to put his trust fund to work harder so he can get better returns whilst also being cautious and responsible where needs be.

Unfortunately cryptocoins themselves aren't an eligible investment for a junior ISA or CTF and the FCA doesn't approve of retail investors being sold crypto derivatives in the UK. So if you think you are experienced enough to make great long term gains from crypto, you'll just have to do that with your own money and give it to the child later, rather than using the child's money to do it.