facebookHi all, i intend to buy CSPX using Tiger Brokers. May i check how do i convert SGD to USD within the app? - Seedly

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Anonymous

24 Dec 2020

βˆ™

General Investing

Hi all, i intend to buy CSPX using Tiger Brokers. May i check how do i convert SGD to USD within the app?

Is it possible to convert SGD to USD within the Tiger Brokers app? Thanks in advance!

Discussion (6)

What are your thoughts?

Nicholas Beh

Nicholas Beh

24 Dec 2020

Student Ambassador 2020/21 at Seedly

CSPX is listed on the LSE, which is not currently available on Tiger Brokers. You may consider US-domiciled options such as VOO and IVV, but do note that dividends will be taxed at a rate of 30% as compared to 15% for Irish-domiciled equivalents such as CSPX/IDUS/VUAA/VUSD.

Tiger Brokers has a built-in currency conversion facility. If you are on mobile, you can access it through the "Trade" tab and selecting the "Exchange" button. On the desktop app, click on the "Assets" tab and the currency exchange service will appear next to your cash balances.

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After you deposit SGD into tiger brokers acc, go to 'Trade' > 'Currency Exchange', select SGD to USD.

Do take note that you can only exchange from 9.05am to 4.55am next day (SG time).

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