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?

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

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

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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