Advertisement

Anonymous

22 Feb 2021

∙

General Investing

What is the best way to deposit funds into Tiger Brokers if I want to trade US stocks?

Fund in SGD and use Tiger's internal rates, or convert to USD using my DBS Multiplier account?

Also, for any existing Tiger users, does Tiger accept funds via Transferwise? Do advise please, am new to investing so I have no idea what's better. Thanks a lot!

DBS/POSB Multiplier Account Tiger Brokers

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Billy

22 Feb 2021

Development & Acquisitions Manager at Real Estate Private Equity

Hi there, my advice to you would be to transfer funds in SGD and use the in-app currency exchange to convert. Banks spot rate is really low (approx 10USD less) also, Tiger does not accept funds from transferwise (see below)

https://www.tigerbrokers.com.sg/help/detail/acc...

"Tiger currently does not accept any funds transferred from/by other persons' bank accounts, third-party payment platforms, joint bank accounts, checks, PayLah or others not mentioned in the table above."

Reply

Save

Write your thoughts

Related Posts

Which is the best time and way to buy US stock on US stock exchange on Tiger Broker?

What is the best trading platform to use if I’m a day trader, trading estimate $300k transaction per day of US stocks? Looking for one that offer low commission yet low risk and safeguard my funds?

Saxo brokerage charges 0.5% markup on the spot FX if you trade US stocks on a SG funded account. Is this a standard FX markup across other Brokers?

What is the best way to fund my online broker account (Firstrade) for USD trades?

TDA is introducing 0% comm trading. I am looking between Tiger & TDA to buy US stocks. Wanna confirm with existing users, are there any hidden costs in these 2 brokers (E.g custody fee, annual fee etc)?

Related Products

DBS/POSB Multiplier Account

4.4

321 Reviews

Up to 4.10% p.a.

INTEREST RATES

$0

MIN. INITIAL DEPOSIT

$0

MIN. AVG DAILY BALANCE

Tiger Brokers

3.9

142 Reviews

Moomoo Singapore

4.7

482 Reviews

Related Posts

Which is the best time and way to buy US stock on US stock exchange on Tiger Broker?

What is the best trading platform to use if I’m a day trader, trading estimate $300k transaction per day of US stocks? Looking for one that offer low commission yet low risk and safeguard my funds?

Saxo brokerage charges 0.5% markup on the spot FX if you trade US stocks on a SG funded account. Is this a standard FX markup across other Brokers?

What is the best way to fund my online broker account (Firstrade) for USD trades?

TDA is introducing 0% comm trading. I am looking between Tiger & TDA to buy US stocks. Wanna confirm with existing users, are there any hidden costs in these 2 brokers (E.g custody fee, annual fee etc)?

Advertisement