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What is the best way to fund my online broker account (Firstrade) for USD trades?
Do I fund my broker account by transferring SGD from local banks to the online broker and doing the currency conversion via the broker?
Is there a fee for the intl bank transfer? Does anybody know the currency conversion fee for Firstrade (can't seem to find this info)?
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Lin Yun Heng
12 Jul 2020
Senior Analyst at Delphi
Congrats on finding Firstrade as your US broker. I myself use it too. You can remit using Standard Chartered Wire Transfer. There will be no fees. Hope it helps!
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Maisul
12 Jul 2020
Youtuber at Google (Channel : Say Do Invest)
Funding for DBS vickers and SaxoTraderGo can be found in the link below! I have created a video on h...
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As they do not seem to have multicurrency accounts but only USD accounts,
the best way seems to be via TransferWise. But check before, what Your Singapore bank charges for outgoing wires to TransferWise's U.S. domiciled business account.