facebookIf I am trading US stocks via tigers or FSMone, what’s the most cost efficient way if I decide to cash out my earnings? Also is there any transaction fees for transferring USD from tiger/FSMone to DBS? - Seedly
Seedly logo
Seedly logo
 
FSMOne Fundsupermart Brokerages Online Brokerages Investments Tiger Brokers Stocks Investing
TY Lim

Asked on 18 Dec 2020

If I am trading US stocks via tigers or FSMone, what’s the most cost efficient way if I decide to cash out my earnings? Also is there any transaction fees for transferring USD from tiger/FSMone to DBS?

Which is the most cost efficient way to cash out my earning for US stocks?

0 comments

1 answer

Answer Now

Answers (1)

Rahul Wadhwa, Student Ambassador 2020/21 at Seedly

Rahul Wadhwa, Student Ambassador 2020/21 at Seedly

Level 9. Genius

Answered on 18 Dec 2020

Hi TY Lim,

For tiger to DBS, there will be no transaction fees.

For FSMOne you will have to incur the telegraphic transfer fees.

Alternatively, if the exchange rate is favorable, you can do an internal transfer and then withdraw SGD.

1

TY Lim

TY Lim

19 Dec 2020

Thank You!

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

Post

Related Products

FSMOne Fundsupermart
FSMOne Fundsupermart

4.3

179 Reviews

$10

MINIMUM FEE

0.08%

TRADING FEES

Custodian

STOCK HOLDING TYPE

[EXCLUSIVE] Get 2500 FSM Reward Points when you open an account with the code "SeedlyxFSMOne".

Tiger Brokers
Tiger Brokers

3.2

25 Reviews
POEMS by PhillipCapital
POEMS by PhillipCapital

4.0

160 Reviews

Related Questions

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 am about to receive 2,000 GBP from UK. What's the best way to minimize the forex/transaction fees? Is it (a) to deposit 2,000 GBP at source currency via DBS's MCA and subsequently convert to SGD or (b) receive the money as SGD?
Hi has anyone here used Tiger Brokers? May I ask if there are any conversion fees when converting SGD to USD and vice versa? And am I able to keep my cash in terms of USD after I sell my US stocks?
What is the selling limit if I am trading US stocks using a nominee account? I'm able to view my selling limit for SGD. Is it because the broker knows how many stocks I own and no risk of naked selling?
I am thinking of investing in RSP STI ETF via FSM due to low transaction fees. I heard that S&P500 is good as well, is Kristal.AI the best way to RSP for that? Or is lump sum better?