Andrew Ng

08 Sep 2020

∙

What is the deposit amount that is protected in a Saxo trading account? I understand for US based brokers the deposit protection is up to US$250k under FDIC insurance in case of broker bankruptcy. Any advice?

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Frankie Rappaport

08 Sep 2020

For the Singapore branch

75000 SGD cash should be SDIC protected.

https://www.sdic.org.sg/faq/di_faq

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Maisul

08 Sep 2020

Youtuber at Google (Channel : Say Do Invest)

The website states 3000 SGD to deposit.

But actually there is no minimum amount.

I have made in depth videos on this topic actually.

But to answer your question, the minimum amount is really a grey area. I have helped someone creating an account with funding of only 500 sgd and that is ok too.

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Saxo brokerage charges 0.5% markup on the spot FX if you trade US stocks on a SG funded account. Is this a standard FX markup across other Brokers?

Apple Card is out in the US! 4.15% APY on Savings account FDIC Insured (Up to 250k) 1% - 3% cashback on spending Daily cashback/interest crediting Credit Card of the future?

Hi, are there any trading accounts that I can deposit USD from my local USD bank account and thereafter use the USD to trade US stocks?

How can I fund my Saxo trading account (base currency USD) from a Singapore bank account with SGD balance? Can I use money transfer service such as Transferwise or Instarem? What's the cheapest way?