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wq

02 Feb 2022

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What's the cheapest way to transfer USD out of Saxo to DBS Multicurrency Account (or any suggested alternative to hold USD as a Singaporean)?

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Billy

03 Feb 2022

Development & Acquisitions Manager at Real Estate Private Equity

Not sure how risk-averse you are, but personally, I park my USD in crypto exchanges in the form of USDC stable coins to earn interest to await for opportunities within the US stock market. FTX, Gemini, crypto.com all offers ~10% APY for stablecoins.

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How can I fund my Saxo trading account (base currency USD) from a Singapore bank account with SGD balance? Can I use money transfer service such as Transferwise or Instarem? What's the cheapest way?

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?

How to transfer USD out of SAXO and into DBS Multi-currency account? Settings in Saxo require Clearing code and BIC, which SAXO requires, but DBS doesn't have.?

What is the cleanest way to transfer USD to SAXO account or simply to incur SAXO fees of 0.75%?

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