$NVIDIA (NVDA.US)$ do i need to convert my sgd to usd before...
$NVIDIA (NVDA.US)$ do i need to convert my sgd to usd before i can start buy nvda stocks??
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再不上车就来不及了 : no
ZN28 : u can , doesnt matter but . u can buy stocks using any currency
Nick Long : What about Malaysia? If you need to exchange currency first, can you buy it directly and exchange it automatically
再不上车就来不及了 Nick Long : automatically
Nick Long 再不上车就来不及了 : So is it automatically exchanged for MYR even if it's sold
103918829 : If you are using moomoo then yes
再不上车就来不及了 Nick Long : not
103954601 : I'm guessing If you don't convert to usd you are trading on margin for your usd account. Your margin is also contributed by sgd account. Cost of borrow margin is 6.8% You better verify with official sources.
Daniel Jeya Raman : Personally, as a Malaysian, I tend to convert my funds to USD before trading, despite the exchange rate. I find it easier to keep track in USD transactions. Again, that is me.
Like one comment in the post, there could be charges when you choose to trade in SGD, rather than USD.
limelight : always convert first,otherwise you will trading on margin (has interest)
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