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Old 09-09-2015, 09:20 PM   #4506
limster
Supremacy Member
 
Join Date: Oct 2000
Posts: 9,136
hi limster. im using scb too. will be moving on to usd market soon. i will like to know the best way to bypass the horrible spread using scb.
1. FCY$aver
2 USD High Account

which acct better to open?

any idea wats the best rate to convert sgd to usd? then ownself deposit into fcy acct in scb, trf to usd settlement n trade. possible?
It may not be possible to avoid the forex charges for small amounts. And if you had a big amount, you would be using IBKR.

This has been discussed earlier in this thread and i don't have the exact post, but the SCB accounts don't accept cash (or there is a charge if you deposit cash). Which means you have to do TT or fund transfer and there are some sort of fund transfer charges involved.
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