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

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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."

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