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Anonymous

28 Aug 2020

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Revolut no longer permits outgoing transfers to Saxo. What’s the next best cost effective platform for currency conversion?

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Lee John

28 Aug 2020

DBS Multi currency account.

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I have some USD cash at hand and would like to transfer this into my IBKR account and avoid any currency conversion or fees in the process. Is this possible? If not, what's the next best option?

Hi, is it possible to just transfer USD into Saxo Markets accounts to avoid the currency conversion fees if I want to trade US shares? Will there be an admin fee of whatsoever to do that?

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Related Posts

I have some USD cash at hand and would like to transfer this into my IBKR account and avoid any currency conversion or fees in the process. Is this possible? If not, what's the next best option?

Hi, is it possible to just transfer USD into Saxo Markets accounts to avoid the currency conversion fees if I want to trade US shares? Will there be an admin fee of whatsoever to do that?

Are you 100% sure that using Transferwise or Revolut will secure better rate than funding sgd directly into Saxo USD acc that charges currency conversion fee of mid spot rate +/- 0.75%?

Who is having issues making outgoing transfers from Revolut to Saxo?

What is the best brokerage platform to start investing in US stocks/UTs? I have a DBS Multiplier(multi-currency contains SGD & USD) account and recently opened a Saxo account(yet to start investing)?

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