facebookHow does one invest syfe equity 100? Does he/she direct transfer fund from bank SGD to let Syfe to convert to USD or use Revolut to convert to USD then fund in Syfe? - Seedly

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HL Low

05 Nov 2020

Robo-Advisors

How does one invest syfe equity 100? Does he/she direct transfer fund from bank SGD to let Syfe to convert to USD or use Revolut to convert to USD then fund in Syfe?

Which way would it be better?

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Syfe

05 Nov 2020

Hi there! You may do a direct transfer of SGD funds from your bank account to your Syfe account. Our broker Saxo Capital Markets charges Syfe customers a very low currency conversion fee of 0.09% to place trades from their SGD denominated accounts. Retail investors generally pay much more (between 0.5% to 0.7%) in currency conversion fees.

You can fund your Syfe account in both SGD and USD. Which is better depends on your situations.

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