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28 Aug 2020

28 Aug 2020

∙

General Investing

For those trading via Saxo, how do you do your currency conversion?

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Lee John

28 Aug 2020

Revolut.

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Hi, is it possible to just transfer USD into Saxo Markets accounts to avoid the currency conversion fees if I want to trade US shares? Will there be an admin fee of whatsoever to do that?

Can I fund my Saxo account with my UOB Mighty FX USD account to trade in USD while it currently has SGD in my Saxo account? Or is it only possible to have one currency in my Saxo account?

Now that SAXO has reduced its currency exchange rate from 0.75% to 0.3%, does it still make sense to use Transferwise or just do the conversion directly in SAXO?

Saxo Trading Platform Holding Currency?

Are you 100% sure that using Transferwise or Revolut will secure better rate than funding sgd directly into Saxo USD acc that charges currency conversion fee of mid spot rate +/- 0.75%?

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Related Posts

Hi, is it possible to just transfer USD into Saxo Markets accounts to avoid the currency conversion fees if I want to trade US shares? Will there be an admin fee of whatsoever to do that?

Can I fund my Saxo account with my UOB Mighty FX USD account to trade in USD while it currently has SGD in my Saxo account? Or is it only possible to have one currency in my Saxo account?

Now that SAXO has reduced its currency exchange rate from 0.75% to 0.3%, does it still make sense to use Transferwise or just do the conversion directly in SAXO?

Saxo Trading Platform Holding Currency?

Are you 100% sure that using Transferwise or Revolut will secure better rate than funding sgd directly into Saxo USD acc that charges currency conversion fee of mid spot rate +/- 0.75%?

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