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Anonymous

28 Jul 2021

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Does anyone know how much Syfe/Stashaway charge currency conversion fee?

I want to see if really cheaper that ibkr

StashAway Syfe Interactive Brokers

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Chris

28 Jul 2021

Owner and Writer at Tortoisemoney.com

Syfe's disclosed currency conversion cost is 0.09% which honestly is quite good. Stashaway does not disclose theirs although they claim it is superior to bank rates.

IBKR charges SGD2.8 for a spot rate conversion. So for IBKR to be superior, your conversion will have to be around SGD3.1k or more (2.8/0.09%).

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