facebookDoes Tiger Brokers or Interactive Brokers allow to transfer from TransferWise USD into their accounts so that I won't incur conversion fees? - Seedly

Anonymous

18 Jan 2021

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General Investing

Does Tiger Brokers or Interactive Brokers allow to transfer from TransferWise USD into their accounts so that I won't incur conversion fees?

I have USD funds in TransferWise account. Does tiger broker or other interactive brokers allow to transfer from TransferWise USD into their account so that won't incur conversion fee?

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Based on my understanding, Tiger Broker does not allow TransferWise transfer. But then you can open a "DBS My Account" which is a multi currency account with no fall below fee.

Afterwhich you transfer the usd from transferwise into your dbs account and transfer it into Tiger Broker for trading.

This is what I did when I have leftover USD currency from my FSMOne account when I switch over to Tiger Broker for cheaper and better trading platform.

If you are interested in Tiger Broker, can drop by my blog to see the steps for account opening. I have also include how to transfer money into Tiger Broker on part 2 of the post (but since you are depositing USD, do remember to select deposit with USD)!
https://investorean.blogspot.com/2020/12/how-to...

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