[FAQ] Should we convert SGD to

2021-01-10

[FAQ] Should we convert SGD to USD first before buying US stocks?

If you want to trade US Stocks then you may convert into SGD to USD first. Else, the apps will assume that you don’t have the required currency and will generate a loan + daily interest for you, aka financing.

I personally convert my SGD to USD using a multi-currency bank account before depositing funds into Tiger Trade to avoid leveraging.

For more details about currency exchange, please refer to: https://tigerbrokers.com.sg/help/detail/currency-exchange

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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社区成长助手
2021-01-10
社区成长助手
终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引

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