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..

Saxo Markets

Discussion (7)

What are your thoughts?

Julius Chung

17 May 2020

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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PillowCase

19 Apr 2020

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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