Advertisement

Anonymous

15d ago

∙

General Investing

I just transferred $13,000 SGD to IBKR. I plan to buy some US stocks, i.e. NVDA. Should I just proceed to buy leaving the currency in SGD or should I get IBKR to convert it to USD first. Thanks

7

Discussion (7)

What are your thoughts?

Learn how to style your text

I.L.

Edited 13d ago

IBKR charges a fee for each conversion like 2 sgd or something like that. So I read somewhere that it was better to convert one shot minimum 1000 sgd to make the fee worthwhile.

Also, IBKR has good usd conversion rate.

Reply

Save

View 1 replies

Yk Dmy

14d ago

My understanding is in general, if you convert SGD in your existing same broker SGD account to USD account within same broker , it has better exchange rate compare to you open USD account, and transfer money from external bank.

Reply

Save

Yk Dmy

14d ago

USD shoot up too much too fast last few weeks .. better wait for it to be stable first

https://www....

Write your thoughts

Related Posts

I'm planning to sell some of my US stocks and the funds will be transferred back into my ocbc 360 account as USD. May i know is it possible for my ocbc 360 account to receive in terms of USD or i have to change the currency to SGD first?

Funded Saxo with sgd for buying US stocks. Now is USD account. Can I still transfer SGD to buy SG shares? Will Saxo show 2 different balances ie. SGD and USD?

Is it better to keep Kristal.AI base currency as USD or SGD, if you are going to transfer in SGD and buy US-domiciled ETFs?

If I plan to buy a US ETF on Tiger Brokers, I have to deposit USD? Or can i deposit SGD and they auto-convert it to USD for me?

How do you convert SGD to USD to invest in US stock markets with minimum currency loss?

Related Posts

I'm planning to sell some of my US stocks and the funds will be transferred back into my ocbc 360 account as USD. May i know is it possible for my ocbc 360 account to receive in terms of USD or i have to change the currency to SGD first?

Funded Saxo with sgd for buying US stocks. Now is USD account. Can I still transfer SGD to buy SG shares? Will Saxo show 2 different balances ie. SGD and USD?

Is it better to keep Kristal.AI base currency as USD or SGD, if you are going to transfer in SGD and buy US-domiciled ETFs?

If I plan to buy a US ETF on Tiger Brokers, I have to deposit USD? Or can i deposit SGD and they auto-convert it to USD for me?

How do you convert SGD to USD to invest in US stock markets with minimum currency loss?

Advertisement