1. Direct from bank - Most convenient and Private
1a: Best FX rate with no wire fees, if you have a Premium/Priority/Gold/(insert fancy adjective) banking relationship. This usually is the fastest and most private and frictionless.
1b: Most expensive for regular bank account holders, but still fastest and easiest. Provided bank doesn't cause AML hassles.
2. Via Local Money Exchanges - Takes time and additional KYC/AML docs required. Third parties involved. Counterparty Risk.
2a: Either direct from exchange to your brokerage.
2b: Or Via Exchange to get the best FX rate sent to your USD account to wire forward to your brokerage if your bank waives international wire fees. If the exchange has AML issues.
3. Trusted party - Use a trusted friend with a premium banking relationship to convert at low-cost and wire back to your account, provided you already have a USD/EUR account to wire forward to broker. Preferably on the same banking network, else, intermediary charges may apply.
4. FinTech Companies - Revolut, CurrencyFair or TransferWise are still experimental -- Your mileage may vary.
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