facebookI'm new to investing. Has anyone tried to deposit USD using Transferwise or Revolut into FSMOne? Did they charge any fees? - Seedly

Advertisement

Anonymous

15 Dec 2020

āˆ™

General Investing

I'm new to investing. Has anyone tried to deposit USD using Transferwise or Revolut into FSMOne? Did they charge any fees?

Does Transferwise or Revolut charge any fees when depositing USD using into FSMOne?

Discussion (2)

What are your thoughts?

Learn how to style your text

Hello,

I have thought about that before but most broker does not accept transferwise or revolut.

Just an advise or word of caution to take note with FSMone as previously I use it for my investment also. Their price shown for US market and some others are delayed by 15 to 20 mins which is critical when you purchasing or selling stocks. And their crash several times during market trading hours due to high traffic.

Hence, since then, I have switch to Tiger which have lower fees and chargers, competitive conversion rates and LIVE trading price.

  • I have also transfer out my US stocks from FSMone to Tiger already as FSMone does not have a fee to transfer out the stock. Tiger transfer in fee is being waived by the broker.

You should just convert SGD to USD in FSMone. The currency conversion rate in FSMone is considered quite good. It's easier and faster. Also, I don't think FSMone accepts Transferwise or Revolut now.

Write your thoughts

Advertisement