Anonymous

06 Jun 2020

∙

General Investing

Are Revolut and Transferwise unable to fund Saxo Market?

I recently contacted the Saxo market and below is the reply.

You cannot fund your account from any e-wallet account- Saxo Market

Saxo Markets Revolut Card Wise Money Transfer

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Me

08 May 2020

Yes to funding for Revolut as I did it. But the thing is I am not able to do withdrawal back to Revolut from Saxo.

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Wrong Sean

07 May 2020

I believe Saxo accepts account funding via a credit/debit card. Revolut and Transferwise do issue debit cards in Singapore.

Have you tried using them to fund your Saxo account?

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Are you 100% sure that using Transferwise or Revolut will secure better rate than funding sgd directly into Saxo USD acc that charges currency conversion fee of mid spot rate +/- 0.75%?

Can you withdraw your funds to Revolut from SAXO markets?

Recently opened a Saxo account for trading in the US markets. Was wondering if YouTrip or Revolut can be used to fund it in USD instead of SGD?

Can I use YouTrip to transfer USD to Saxo since Revolut is unable to transfer USD to Saxo now?

Thoughts on the pros/cons of investing in Irish Domiciled ETFs via Saxo vs directly in US ETFs via IB or TD? Been having issues with funding Saxo account via transferwise and am thinking to switch.?