facebookDCA into USD-denominated ETFs - should I use SGD or USD? - Seedly

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Anonymous

14 Nov 2024

General Investing

DCA into USD-denominated ETFs - should I use SGD or USD?

Hello! I'm planning to use IBKR to DCA into ETFs. I have both SGD and USD. Should I transfer SGD (and then convert it into USD) or transfer USD directly into my IBKR account for the DCA? I should be opening the IBKR account in SG.

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One has to be guiDed a lot of sc.mmers are out there taking money from innocent traders. I was a victim to this sc.m crypto broker the made me loss my hard earn funds.

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I believe IBKR's rate is quite competitive if you exchange above certain amount, so for me, it would be IBKR unless the amount is small

USD...

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