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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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..

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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