( https://www.syfe.com/trade ) In the past week, Syfe celebrated its 3rd birthday and proudly. We reviewed its basic, advantage, and preferred plans. What this means is that it allows investors to get exposure to companies which they may not be able to afford the full share otherwise and this is a game changer for many beginners or young starters who may not have a lot of money to invest in the first place. But remember that Syfe Trade offers free trades every month, so you will only incur this fee if you exceed the number of free trades for the month. For REIT+ portfolios, you have a choice between the REITs with Risk Management or the 100% REITs. But keep in mind, you can only select up to a maximum of 8 ETFs. But for a trader who relies on technical indicators and charts to make trading decisions, Syfe Trade is suboptimal. Copyright 2019-2022 Dollar Bureau All Rights Reserved Singapore. They are also diversified among various countries such as the U.S, China, Japan, the UK, and others. Such bank-grade protection practices are also compliant with some of the worlds top security standards so you can rest assured that your data wont be compromised. It has a risk rating of 3 compared to Equity100.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'dollarbureau_com-large-mobile-banner-1','ezslot_0',602,'0','0'])};__ez_fad_position('div-gpt-ad-dollarbureau_com-large-mobile-banner-1-0'); Therefore, this is perfect for those who still want the high return potential but still want a certain level of risk protection. Disclaimer: Reference to specific securities is meant to illustrate the concept of fractionalization and neither intended nor to be construed as a recommendation or advice to buy any specific security. You may be wondering what is a neobroker? return figures shown are presented for informational purposes only and are not indications, predictions, 7 Best Cancer Insurance Plans in Singapore. These ETFs are diversified among many various sectors such as information technology, consumer discretionary, consumer staples, health care, communication services, financials, industrials, and many others. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page. This essentially means that Syfe cannot touch your investments too. Source: Syfe Currently, Syfe Trade is still having a promotional offer, and is currently offering 5 free trades per month instead of 2. Thus, Syfes REITs with Risk Management help to ease such discomfort. This portfolio invests in companies that can disrupt the way we do things in the future and those that are the leaders in cutting-edge technologies and innovation. Well, these heard-of names are indeed within the top 5 companies that the China Growth portfolio invests in. Along with the launch of its SGX brokerage services, Syfe revealed the results of its Singapore Investor Pulse Survey 2022, which gathered the views of over 1,000 Singaporeans aged 18 to 55. Free trades every month and the ability to buy fractional shares allows you to invest bit by bit every month at little to no cost! Join over 100,000 Singaporeans and invest in your favourite companies right here. As seen above, the former has a lower risk level as compared to the latter. The images above display the Home page and Discover page. NTUC Income Enhanced IncomeShield Review: Basic, Advantage, Preferred. How much does Syfe charge? If you trade more than the free trades limit, then youd be charged USD 0.99 per trade for the first 3 months period and USD 1.49 for the period after that. Trusted by 100,000+ investors to grow wealth Regulated by Monetary Authority of Singapore Licence - CMS100837 Platform partners Secure setup Seedly 4.6 Syfe Trade New Invest in US and Singapore markets Free trades and low fees US stocks or ETFs from US$1 MAS-regulated, SIPC-protected Start investing Learn more Syfe Trade has little to no technical indicators available to use. In the unlikeliest of cases, Syfe will ensure the orderly transfer of assets to another licensed fund manager, or the return of all assets and funds to you. Using the current equivalent exchange rate, this would translate to approximately USD 270 worth. With fractional shares, he is now able to allocate his USD 270 investment savings into three blue chip companies at USD 90 each. Settlement period The time between the trade date and the intended settlement date of a transaction. For those not currently investing, 90% indicated an interest to start within the next 12 months. This post is very informative and useful. Zero brokerage commissions sound good, but your trade may not actually be free as a Tiger Brokers customer found out the hard way. Disclaimer: This article is written in collaboration with Syfe Pte Ltd. All views expressed in the article are the independent opinions of mine. The ETF management fee across our Syfe Core portfolios averages 0.15 - 0.24%. REIT stands for Real Estate Investment Trust, 11 Best China ETFs for Singapore Investors to Consider, MAS-licensed financial advisors to help you. Syfe Trade provides real-time stock quotes at no extra charge, which is a plus. Now begs the most important question is Syfe for you? So what will happen if anything bad occurs to Syfe? One of the features which immediately struck me as hit a home run is on the fractional shares trading which as the name itself implies, it means you can now buy any shares at a fraction of a share. Save my name, email, and website in this browser for the next time I comment. This is because other platforms like Interactive Brokers provide delayed market data. Tested it out with a small $1,000 deposit before putting in another $9,000 to make up the five-figure amount. Heres a summary of their latest allocation: Thus, this portfolio will be suitable for those who wish to grow their short-term wealth (i.e money that you simply cannot lose because of financial commitments and priorities). Like all robo-advisors, Syfe has its algorithm which helps you manage your investments, which is their Automated Risk-Managed investment (ARI) strategy. It is only meant to illustrate the Syfe Trade platform. Now, without any further ado, lets jump into some of the factors that I look at to review them! After the 3-month introductory period, users will get 2 free trades per month and pay US$1.49 per trade thereafter. All rights reserved. If you prefer an easy and secure way to invest in US stocks, consider Syfe Trade. commission fee is $1.98 which means a $3,300 trade size is the absolute sweet spot. WHY WE LIKE SYFE TRADE We like Syfe Trade because there is an introductory offer of 5 free trades per month and a fee of US$0.99 per month. Syfe Trade is waiving custody fees until the end of 2022. However, this offer lasts only until 31 March 2022. During this time period, clients will - just as they do today - be able to address and resolve matching and other settlement problems that could result in failing trades. Also, you are unable to trade options and do margin trading. If you did not know, REIT stands for Real Estate Investment Trust. Out of all themed portfolios, the Global Income portfolio holds the lowest overall risk rating of 3/5. [It] is well-loved by investors for being home to stable companies with solid track records, as well as high dividend-yielding stocks., He adds: With over 100,000 Singaporeans trusting Syfe to manage their money, it has been a key priority for us to gear up our offering to include access to the Singapore market, as a core offering for our digital brokerage Syfe Trade.. As I mentioned before, Syfe Trade only has access to US markets now. However, Syfe Trade does not allow trading on desktop or laptop at the moment. The company is licensed and regulated by the Monetary Authority of Singapore (MAS). Currently, it also stands the highest in terms of Average Annual Return (5Y) of 18.87%. Syfe Trade provides you with 2 free traders per month and charges US$1.49 in fees thereafter. In my opinion, fractional shares also allow for easier asset allocation, since you can choose exactly the percentage of your portfolio you want to be in a certain asset. Trading Fees Comparison Between Syfe Trade, Saxo Markets, Tiger Brokers and moo moo. Here's an overview of our pricing structure : First three months 5 free trades per month US$0.99 per trade after Subsequent months 2 free trades per month US$1.49 per trade after The free trades we offer for US stocks are truly free, with no platform fees and no settlement fees. We checked it out to see how it works. So you can be sure that this is my honest opinion on Syfe Trade! The takeaway from this episode is that zero commissions dont always mean free trades. On the 6th trade onwards, brokerage fees will be USD 0.99 (SGD 1.33) per trade, instead of USD 1.49 (SGD 2.00) per trade. You can then input your reason for withdrawal. All in all, I am quite satisfied with Syfe Trade, as it provides low commissions, free trades, and an easy-to-use platform! Syfe is covered under SIPC (Securities Investor Protection Corporation) protection. Brokerage details 2 free . Syfe's standard fees, FX fees and regulatory charges apply. You can then enter other additional details such as the banks name, account holders name, account number, and whether it is a Singapore account. So you see, it is certainly well-deserving of its title of being the Best Overall Robo-Advisor, especially with its affordability and extensive range of portfolios that cater to specific investment objectives and preferences. Their platform may take some getting used to. To find out more about the UI, do stay tuned for my next post, which will be a guide on how to use Syfe Trade! However, if you have a longer time investment horizon (i.e the amount of time you are willing to hold on to a portfolio), you can consider going for the 100% REITs portfolio because it will increase your chances of getting higher returns in the long-run. Continue with Recommended Cookies. If youre one for big ideas or rising megatrends, Syfe also has curated thematic portfolios, 5 of them in fact, with corresponding ETFs for you that are well-suited to your needs and passion. Extension period Through Syfe Trade, SGX levies trading and clearing fees of 0.0075% and 0.0325% of the traded value respectively. If you are an investor who buys 1-2 stocks or ETFs each month, Syfe Trade might be the cheapest for you because its not going to charge you any fees! Now, what is this Neobroker, you may ask? There is a quote which says something like this: Many people choose to go for complexity because it is perceived to perform and sell better but it takes a touch of genius to move in the opposite direction.. For Syfe Trade accounts, Syfe charges an all-inclusive commission fee at the time we receive each order.. This will also be regulated by MAS. Beyond this, there are no . In case this is the first time you are hearing about Syfe, the company is licensed and regulated by the Monetary Authority of Singapore (MAS) under a Capital Markets Services (CMS) License for conducting retail fund management and brokerage activities so you can be sure that your money will be well safeguarded. Using the fractional shares option, I can easily invest in VOO with any amount. For trading Cryptocurrency, Syfe charges a low and transparent 1% fee for any cryptocurrency buys or sells allowing you to get the most value out of your investments. Syfe Trade is a brokerage platform which allows investors to invest in US stocks and ETFs at a low cost. This is because it may be considered risky for someone who does not possess sufficient knowledge or research about companies in China and their working ethics given how they operate very differently from US companies. Granted, Syfe Trade's fees aren't the lowest since moomoo is offering free trades for 1 year and IBKR's fees are lower at 0.35 USD. Although they sound attractive on paper, investors should be alert to the various less transparent fees that can come with zero commission trading. Licence - CMS100837. Singapore. In fact, its a cash management account instead of an investment portfolio. Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market. After all, its just like the basic investment principle: the higher the risk, the higher the return. Syfe Trade adds SGX names to digital brokerage service, Digital wealth manager Syfe launches brokerage platform Syfe Trade, In My Portfolio: Syfe's CEO Dhruv Arora discusses his personal investments, 93% of Singaporeans think good money management is an attractive quality in potential partners: Syfe and CMB, Syfe enters Australia with stockbroking service, Stashaway launches second cash management portfolio with up to 3.2% p.a. You can buy fractional shares at as low as $1! After deducting for CPF and saving 15% of his take home income, he is left with around SGD 375 which he chooses to allocate it into investment. Syfe Trade has expanded its brokerage offerings to names listed on the Singapore Exchange (SGX). We recommend readers to seek financial planning advice from qualified financial advisors. There are also no platform fees charged from Syfe so this is another thing that stands out. No asterisks to take note of and no minimums or caps to remember. You can see it here in their annual returns over the past few years. After the first 3 months, you'll get 2 free trades each month. Basically, what it does is that it throws in some bonds in there. Get to know more about our investment approach. They are dependent on the amount you invest in Syfe. Fund your Syfe Trade account with a minimum of SGD 2,000, AND 3. According to Investopedia, emerging markets bonds typically have comparative or more attractive yields compared to traditional US bonds. Syfe Trade is waiving custody fees until the end of 2022. Overall, both portfolios are suitable for those who wish to receive consistent passive income. The information contained herein is provided for general information only and should not be used as a basis for If you found this Syfe review useful, do remember to share it with anyone whos considering robo-advisors for investment and for them to receive the above benefits as well! From 1 May 2022, the prevailing Goods and Services Tax (GST) rate of 7% will be applied to commission fees on Syfe Trade, where applicable, in accordance with Singapore GST regulations. For instance, during the initial COVID-19 pandemic stages when markets were crashing, ARI automatically adjusted Syfes portfolios so that they did not crash substantially. Heres an overview of the management fees in Syfe. Even so, he would have difficulty allocating it to multiple blue-chip companies until he saves enough to buy one. Trading fees:Every user with Syfe enjoys free trades every month. During the promotional period, all Syfe Trade users will get 5 free trades a month. This is where you can also input a promo/referral code that may help you unlock some benefits! This can be attributed to a variety of reasons: Syfe is also licensed under the Capital Markets Services (CMS) with CMS License No (CMS100837) for retail fund management after meeting all stringent standards set by MAS for financial and investment services companies. Im sure many of you guys have questions regarding this new broker, so this post is meant for you! First, youll have the option of creating an account with either Syfe Trade or Syfe Wealth. Syfe (pronounced "saif") is a Singapore-based robo-advisor launched in 2019. Lets look at these portfolios respectively. Syfe Trade Review- Low Fees, Great User Interface, and More! All The information contained on this website and the resources available for download through this website is not intended as, and shall not be understood or interpreted, as any form of financial advice. Monetary Authority of Singapore. Your personal data and particulars are encrypted and stored in AWS data centres in Singapore. For a breakdown of other regulatory charges, click here This is what Syfe prides itself upon, which other robo-advisors pale in comparison. With investment in over 3500+ stocks, they have a focus on Technology and Chinese stocks, which tends to grow exponentially in the long run. If the market is doing well, the REITs with Risk Management portfolio will reduce the bond percentage and vice versa when the market is not doing as well. I hope you guys have a better idea of Syfe Trade after this review, and it helped you in deciding whether to use it or not! Very low fees During the introductory period, the fee for your 6th trade onwards is just US$0.99 per trade. Alas, weve reached the portfolio with the least risk level among Syfes portfolio offerings: the Cash+ portfolio. In fact, I have been wanting to join Syfe for a while now, but have no idea as to how to go about using the app. Heres how! Though this is not a big issue for me since I prefer buying and holding ETFs. without notice and may differ or be contrary to opinions expressed by others. In short, I would say your funds are safe. However, as of right now, Syfe Trade only has access to the US market. Many of us would think about the safety of our funds with a broker. Just a quick overview, most of Syfes Core Portfolios are suitable for those with a higher risk appetite, where they can leverage on market dips and accumulate more of your investments when the market recovers. It proudly claims itself as Singapores first neobroker which is a new class of brokerage platforms that aim to revolutionise stock trading through innovative concepts, low fees, and easy to use digital platforms for anyone out there. This means that you probably shouldn't invest too small an amount even if fractional trading allows you to; I would suggest keeping it at least $200 and above so that fees don't exceed more than 1% of your investment. Fractional trading- buy stocks or ETFs at any amount you want, as little as $1 2. This essentially refers to investments in new-age technologies such as robots, Artificial Intelligence (AI), FinTech, Cloud Computing, and more. Dollar Bureau shall not be held liable for any inaccuracies, mistakes, omissions, and losses incurred should you act upon any information listed on this website. Learn more on how Syfe Wealth management fees are determined and calculated here. For now, Syfe Trade only allows you to trade stocks/ETFs. making any investment or business decisions. And in comparison with other robo-advisors in Singapore, Syfe has one of the cheapest management fees and with no minimum investment amount involved. If you look at the composition of this portfolio, you can see that it comprises a high percentage of EM bonds ETFs, where EM bonds stand for Emerging Market bonds. No other additional fees apply. In my personal opinion, this portfolio has the potential to grow and do better in the future due to the rising trends of ESG movements and efforts. Blog posts- Where I discuss personal finance and investing matters! For Syfe Trade accounts, HSBC keeps your funds. It is only for educational and entertainment purposes. For example, if you want to buy Tesla shares but 1 share is too expensive for you, you can buy $10 worth of TSLA instead. However, do keep in mind that this portfolio also holds an overall risk rating of 5/5. Check out Syfe Trade here. There are other online brokerages which may have offered zero-free commissions but if you are a beginner and do not trade often, the 2 free trades offered per month would be more than sufficient. Just like its name, Core Equity100 is designed for those who want maximum exposure to global equities (i.e. 100% investment into equities). This basically means Syfe Trade is an easier intermediary for people to invest and make transactions. And lucky for you, we have a unique referral code from us that you can include in this field which is SRPTAPWY6, to unlock up to 6 months waiver fee with an investment amount of up to $50,000. For US stocks, there are no custody, settlement, platform, deposit or withdrawal fees on our platform. Syfe Wealth offers a seamless process for anyone looking to invest in the form of no minimum holding or lock-in periods. Any one looking to invest should do their own research and analysis first before making any investment.
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