facebookSAXO is charging me 0.75% fee on every transfer i make from my Singapore bank account to SAXO USD account. Has anyone found a way to avoid these fees on SAXO? - Seedly
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Varun

Level 2

17 May 2020

SAXO is charging me 0.75% fee on every transfer i make from my Singapore bank account to SAXO USD account. Has anyone found a way to avoid these fees on SAXO?

Their support is adamant on the fees. I find the % quite ridiculous, as its exponential to the amount and it already starts me with negative..

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    Discussion (7)

    What are your thoughts?

    Hi there!

    One little trick to minimise currency conversion fees would be to top your Saxo Account with a Revolut Account. A Revolut Account provides currency conversion at significantly lower fees compared to normal banks.

    Hope that helps!

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      Hey man, there's a blog post about this which I think might be relevant to you!

      https://theiwordsg.com/how-to-reduce-brokerage-...

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