facebookFunded sgd into Saxo and they did the conversion to USD for my purchase of USD stock last year. Now they say I can fund USD directly to my ac. How come? - Seedly

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Anonymous

26 Apr 2020

General Investing

Funded sgd into Saxo and they did the conversion to USD for my purchase of USD stock last year. Now they say I can fund USD directly to my ac. How come?

Did anything change recently? Should I fund USD directly to my account? Any hidden charges to take note of?

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They possibly opened up two accounts for You, one SGD and one USD, both free, which You weren't aware of.

When You bought from SGD they had to convert into USD, which is

often expensive. Try to use always TransferWise to convert&send SGD into Your USD account.

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