You can fund or withdraw your account in a currency other than the account currency.
Note: a conversion fee will be added which can vary depending on your region. The final rate is calculated by using the mid-spread FX spot rate at the time of transfer, plus/minus the conversion fee.
Please refer to our website for details.
Example of currency conversion by Saxo:
Mid Spot Rate USDSGD = 1.3510
Conversion Fee +/- 0.25% (for illustration purposes only)
Converting SGD to USD
FX rate used = 1.3510 * 100.25% = 1.354378
USD receive = SGD 1000 divided by 1.354378
= USD 738.35
Converting USD to SGD
FX rate used = 1.3510 * 99.75% = 1.347623
SGD receive = USD 1000 multiply by 1.347623
= SGD 1,347.62
If you want to make sure that there is no conversion - the currency you transfer is the currency you receive, please first check the funding instruction at Deposits funds > Bank transfer, choose the currency/account at Saxo you want to fund in so you get the correct instruction.