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Adam

28 Jul 2022

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What's the most cost efficient way to transfer my USD cash into IBKR in Singapore?

Banks charge fee to deposit USD into multi currency accounts.

Other option is to convert to SGD (Mustafa Center has better rate than banks?) then back to USD in IBKR where I need to pay for spread.

I'm surprised there doesn't seem to be a free way to do this for average income person in Singapore.

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William Seow

05 Sep 2022

Open a DBS Multiplier account transfer SGD into moomoo/Tiger convert to USD transfer USD back to DBS multiplier account transfer USD from multiplier account into IBKR.

I have not used IBKR before, don't they have SGD:USD exchange? thought this is a staple for all brokerages alrdy.

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