Anonymous
Is FSMone foreign exchange rate good?
Looking to invest in US stock market with FSMone.
Is the foreign exchange fee low?
Do I still have to use Transferwise to convert to USD first?
Cheers
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Not sure if it's low as I don't have any other brokerage's point of reference, but right now, the live forex rate for USD to SGD is 1.421, and on FSMOne it's 1.424.
I usually deposit to FSMOne in SGD from my local bank account, and convert to USD on the platform itself. No fees for exchanging currency, it'll just be at their market rate which you can view before converting.