Swift sending USD to IC Markets cost 4% of the total transfer. I have access to Euro payment gateway from my country and can send SEPA payment to my Swiss bank with no cost and from Swiss Bank I can send Euro to IC Markets. (I will convert USD to Euro with a nice conversion rate).
I have to use my Swiss bank because I have no SEPA Iban in my country (only payment gateway) . I can not use wise.com, transfergo.com or similar services because ICMarkets will send back the money when I withdraw to the sender account. Such services do not give me an account number.
My question:If I send Euro to a USD trading account, what can be the conversion fee? ICmarkets representative says they do not know what their bank will charge for conversion.
Do you believe this scenario better than USD swift? It will be cheaper?
I have to use my Swiss bank because I have no SEPA Iban in my country (only payment gateway) . I can not use wise.com, transfergo.com or similar services because ICMarkets will send back the money when I withdraw to the sender account. Such services do not give me an account number.
My question:If I send Euro to a USD trading account, what can be the conversion fee? ICmarkets representative says they do not know what their bank will charge for conversion.
Do you believe this scenario better than USD swift? It will be cheaper?