Jianwei Lee

16 Jun 2020

∙

General Investing

Hi, is it possible to just transfer USD into Saxo Markets accounts to avoid the currency conversion fees if I want to trade US shares? Will there be an admin fee of whatsoever to do that?

What are the costs associated with this?

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Frankie Rappaport

29 Feb 2020

Check out Transferwise, it is cheap, safe and quick

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Hi is there any way to change the base currency of my SAXO account from SGD to USD, without the need to open a sub-account? Cause I don't want to absorb extra fees for my buy/sell orders for US stocks?

I have some USD cash at hand and would like to transfer this into my IBKR account and avoid any currency conversion or fees in the process. Is this possible? If not, what's the next best option?

Can I fund my Saxo account with my UOB Mighty FX USD account to trade in USD while it currently has SGD in my Saxo account? Or is it only possible to have one currency in my Saxo account?

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?

Funded Saxo with sgd for buying US stocks. Now is USD account. Can I still transfer SGD to buy SG shares? Will Saxo show 2 different balances ie. SGD and USD?