Advertisement
Anonymous
What is the most cost efficient way to invest in US market? (Convert SGD to USD)?
I've recently opened up DBS Vickers and Saxo market account, looking to invest in US market and trying to minimize currency losses.
11
Discussion (11)
Learn how to style your text
Reply
Save
Interactive brokers due to their low cost brokerage and in house exchange rates. Other overseas online brokers has similar low fees such as AMD trade and CMC, dbs vickers is far behind them in fees and exchange rate fees
Reply
Save
Elijah Lee
09 Dec 2019
Senior Financial Services Manager at Phillip Securities (Jurong East)
Out of curiosity, I look at the FX spreads on IB. Have to concede defeat. On the other hand, local bank FX spreads are quite horrendous.
I'm constrained though. Have to use POEMS.
Reply
Save
Interactive Brokers for sure!
Its spot rate.
Reply
Save
I use Interactive Brokers... $1 comms only...! And Google exchange rate......
Read 6 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Products
Standard Chartered JumpStart Account
4.8
783 Reviews
Maximum Interest: 2.50% p.a. for balances up to S$50,000
INTEREST RATES
$0
MIN. INITIAL DEPOSIT
$0
MIN. AVG DAILY BALANCE
YouTrip Card
4.5
1138 Reviews
DBS/POSB Multiplier Account
4.4
321 Reviews
Related Posts
Advertisement
Even solely within Singapore Transferwise could be the best choice for currency conversion.