Asked on 04 Jun 2020
Ng Wei En, Bsc(Information Systems) at Singapore Management University
Updated on 05 Jun 2020
There are 2 ways to go about doing this.
You transfer SGD to your broker and use the FX conversion rates provided by the broker to convert to USD.
You convert to USD at MCA account and perform a DBS Remit with the following details: https://www.dbs.com.sg/personal/support/investment-vickers-transfer-fc.html Performing USD remittance via DBS Remit should be at no charge if I am not wrong.
I would imagine both to offer similar FX conversion rates. But for a more fuss-free and quicker experience, I would suggest 1.