For those using Tiger Trade and TD Ameritrade, do you deposit in SGD or using multi-currency accounts?

Considering the exchange rates and any fees involved, which is better? Also, do you need to set up a CDP account?

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Sean Gerald

02 Mar 2021

Bachelor of Arts in Sociology at Singapore University of Social Sciences

Hi, I use Tiger Trade and I deposit my money using DBS FAST transfer in SGD. The exchange rate in Tiger is quite close to the ones you search on Google so if that is your concern, don't worry too much about it.

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I'd like to fund mt TD ameritrade thru DBS. May I know which type of DBS account is the best to use? E.g., personal saving account, multi-currency acc.?

I have DBS Multi Currency Account with USD; can I deposit USD into TD Singapore account instead of depositing with SGD?

Can anyone advise which is the best broker to use for US market, taking into account that I have a multi-currency account and prefer to keep USD rather than constantly converting between SGD-USD?

How do you usually fund your US equity? (Do you transfer SGD to the broker then use their platform or rather open a multi-currency account from a bank, etc)?

Is it better to have open a multi currency account (dbs) and transfer USD to TD ameritrade or transfer SGD?

TD Ameritrade

3.6

30 Reviews

MINIMUM FEE

TRADING FEES

Custodian

STOCK HOLDING TYPE

Tiger Brokers

3.9

138 Reviews

Moomoo Singapore

4.7

476 Reviews

I'd like to fund mt TD ameritrade thru DBS. May I know which type of DBS account is the best to use? E.g., personal saving account, multi-currency acc.?

I have DBS Multi Currency Account with USD; can I deposit USD into TD Singapore account instead of depositing with SGD?

Can anyone advise which is the best broker to use for US market, taking into account that I have a multi-currency account and prefer to keep USD rather than constantly converting between SGD-USD?

How do you usually fund your US equity? (Do you transfer SGD to the broker then use their platform or rather open a multi-currency account from a bank, etc)?

Is it better to have open a multi currency account (dbs) and transfer USD to TD ameritrade or transfer SGD?