Well, these heard-of names are indeed within the top 5 companies that the China Growth portfolio invests in. You will still enjoy free monthly trades and GST only applies to commissions outside of your free trade allowance. Syfe Trade Review: Invest in Fractional US Stocks Fuss-Free. Download the Syfe app today to get started. For Syfe Trade accounts, HSBC keeps your funds. 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. This is what Syfe prides itself upon, which other robo-advisors pale in comparison. 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 You can then input your reason for withdrawal. 100% investment into equities). Heres an overview of the management fees in Syfe. Trading Fees Comparison Between Syfe Trade, Saxo Markets, Tiger Brokers and moo moo. Syfe Trade is not offering monthly free trades for SGX names. Investing with Syfe Trade is straightforward with our transparent fees. Investing with Syfe Trade is straightforward with our transparent fees. There are also no platform fees charged from Syfe so this is another thing that stands out. An advanced investor who possesses much knowledge about investing and already knows what youre looking for? Compared to Tiger Brokers or Moomoo which both have many available technical indicators at your disposal for free, Syfe Trade, unfortunately, pales in comparison. As reported in The Business Times (BT), the customer had recently sold about US$5,000 worth of US penny stocks. But what makes it popular and the best exactly, especially amongst newbie investors? KEY FEATURES 1. If you wish to add funds to your portfolio, you can do so via two methods an Internet bank transfer or Paynow. However, I believe they are working to include other markets such as SGX, so do stay tuned! Our Telegram channel is being enjoyed by over 300 individuals, dont miss out! ADR Custody Fee: $0.01-$0.05 per Share. In Japanese, the word Saifu means wallet and to be closely Get access to more features in the Syfe app. Read here. I mean, this should be the case since healthcare is getting more and more advanced now especially by tapping on new-age technologies and science. In short, I would say your funds are safe. Since the launch of Syfe Trade in January, the company has partnered market information leaders Factset and Dow Jones, offering users access to analyst ratings and company updates. Furthermore, Syfe Trade offers fractional trading where you can buy any US stock or ETF with as little as US$1. We partner with MAS-licensed financial advisors to help you with this. (Take a look at Moomoo or Tiger Brokers) From what I know, Interactive Brokers is the only other broker that offers fractional shares. Hence, there would probably be some inconvenience. Starting Oct 17, Syfe Trade users will be able to trade SGX-listed stocks, ETFs and REITs. should be placed on any assumed target return. characteristics, and restrictions by reading the Risk Disclosure Statement, and determine if the investment Sounds like life, Why the name Syfe? Always do your own research before investing. Any reference to an investments past or potential performance is not an indication of any specific outcome or profit. Beyond this, there are no . You may be wondering what is a neobroker? 2022 The Edge Publishing Pte Ltd. All rights reserved. Very low fees During the introductory period, the fee for your 6th trade onwards is just US$0.99 per trade. As such, this portfolio was made to invest equally in socially responsible companies that rank highly in ESG criteria and those that focus on clean energy. Check out Syfe Trade here. For US stocks, there are no custody, settlement, platform, deposit or withdrawal fees on our platform. The Syfe Select Custom feature allows you to pick from a curated list of over 100 best-in-class ETFs available on Syfe. Syfe offers 4 types of Core Portfolios namely: Core Equity100, Core Balanced, Core Growth, and Core Defensive. Established in 2019, Syfe is a leading robo-advisor in Singapore that provides simple, smart, and affordable investing for all. BT reports that moomoo, another zero-commission online brokerage, charges a similar fee. And if youve decided to pick Syfe as your preferred robo-advisor, stick around to find out how to earn additional cash just by using our referral code! If you are transferring to an SGD currency bank account, remember to select SGD to avoid incurring any currency conversion charges. Lets start by taking a look at the fees. As such, most of the funds in this portfolio are healthcare ETFs of equities which are essentially the big, well-known healthcare and biotech companies like Moderna Inc or Pfizer Inc that created the COVID-19 vaccines. This essentially refers to investments in new-age technologies such as robots, Artificial Intelligence (AI), FinTech, Cloud Computing, and more. Manage Settings Could you possibly have a post on a guide of how to use the app? This can be attributed to how they are riskier, since developing countries have a lot more room to grow rapidly as compared to developed countries. Syfe (pronounced "saif") is a Singapore-based robo-advisor launched in 2019. For example, you cant change the price chart into candlesticks. With 5 being the highest risk, Syfe ranks this portfolio at a 5/5 overall risk rating precisely because it has a highly diversified exposure across various sectors and geographies and invests 100% into equities. 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. Despite the fluctuations, its past returns are still increasing overall. But keep in mind, you can only select up to a maximum of 8 ETFs. My code is: SRPTLQAUK. 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. NTUC Income Enhanced IncomeShield probably the cheapest integrated shield plan in Singapore. Disclaimer: Each article written obtained its information from reliable sources and should be purely used for informational purposes only. Syfe is licensed by the Monetary Authority of Singapore and individual Syfe Trade accounts are insured by Securities Investor Protection Corporation (SIPC) up to US$500,000 against brokerage failure. Today, Ill be reviewing Syfe Trade Syfes very own first step into brokerage and see what some of their competitive advantages are. The Straits Times Index (STI) returned positive gains of 3.80% as of end-September 2022 as compared to the global benchmark of MSCI World Index with a 21.60% drop over the same period. On top of promising free trades each month, Syfe charges 0 platform fees, 0 withdrawal fees, and has no account minimums or inactivity fees! You have to pay extra for real-time market data. Syfe has a pool of wealth experts under its wing that can help you make better financial decisions. Disclaimer: This article is written in collaboration with Syfe Pte Ltd. All views expressed in the article are the independent opinions of mine. The consent submitted will only be used for data processing originating from this website. forecasts, nor guarantees of future performance results, or the quality of an investment, are subject to change Syfe was also built to bridge the increasing knowledge gap in Exchange Traded Funds (ETF) investing and to teach the general population how to get started with investing. After this offer, there are 2 free trades monthly with a fee of US$1.49 per trade. Heres an overview of our pricing structure for US stocks. 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. Syfe Trade has little to no technical indicators available to use. [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.. There are different brokerages that may appeal to certain type of users and I can definitely see the advantage of Syfe Trade and the consumer profiles it is targeting. 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. The free trades we offer for US stocks are truly free, with no platform fees and no settlement fees. For instance, imagine someone who had just graduated and started working. Many of us would think about the safety of our funds with a broker. Singapore. For Syfe Wealth, you can then proceed to select a portfolio type from those available. Syfe Trading Fees. For those who are also buy-and-hold investors who dont make many trades each month, you might want to give them a try. We and our partners use cookies to Store and/or access information on a device. 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! For any deposits that you hold in Syfe, they are kept separately from Syfes personal accounts and stored in a DBS Trust Account. Hi! They are also having an introductory offer where you can get up to 5 free trades per month and from the 6th trade onwards it will be US$0.99 per trade as compared to the usual U$1.49. From users' fourth month on Syfe Trade, they enjoy two free trades per month with a charge of US$1.49 ($2.13) thereafter. SIPC protects against the loss of cash and securities held by the customer up to USD500k. Additional fees may be hiding in the fine print of different fee schedules. reasonableness of the methodologies or assumptions used in calculating assumed target returns, and no reliance Syfe Trade has no platform fees. As part of its introductory pricing for users, it is giving 5 free trades per month for the first 3 months, thereafter which it will revert back to the regular pricing of 2 free trades per month. And for those who wish to leverage on the diversification and high yield from REITs, and of course, invest in properties without owning any building or apartment the REIT+ portfolios are certainly for you. Managing cross functional projects, planning and organizing, and executing complex projects across . As you can probably tell, Syfe has plenty of portfolios catered for beginner investors who will typically start out more risk-averse such as Core Defensive or REITs with Risk Management. Under Syfes themed portfolios, you can choose from 5 types mainly: ESG & Clean Energy, Disruptive Technology, Healthcare Innovation, China Growth, and Global Income. 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. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Tumblr (Opens in new window). Free trades-. The fees are reasonable and on the low side: US$1.49 per trade (US$0.99 per trade during the promo period until 31st March 2022). For example, I want to have 60% stocks and 40% bonds in my portfolio and I invest $300 each month. But in exchange for a safer portfolio with lesser risk compared to 100% REITs, you can definitely expect lesser dividend returns as well. You are recommended to obtain independent professional advice where appropriate. You can see it here in their annual returns over the past few years. From users fourth month on Syfe Trade, they enjoy two free trades per month with a charge of US$1.49 ($2.13) thereafter. For customer support, Syfe has live chat support for Syfe Trade. Syfe Trade is waiving custody fees until the end of 2022. There are no custody, settlement, platform, deposit or withdrawal fees on our platform. Syfe has 2 offerings - Syfe Trade and Syfe Wealth. 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. With fractional shares, he is now able to allocate his USD 270 investment savings into three blue chip companies at USD 90 each. When you look at 100% REITs performance history, you can see that it fluctuates up and down every year. She finds joy in picking up things that spark her curiosity and mindfulness. Syfe currently only has access to the US markets, so for a fair comparison, I will only be looking at the US market. For transactions within Syfe Trade, the funds will be stored in an HSBC Trust Account. However, it is understandable that some people are not comfortable with their portfolio fluctuating too much just like how 100% REITs do. For customer service, you can contact their team at [emailprotected] Or else, you can call them at +65 3138 1215 from 9am to 6pm on weekdays. Pronounced as At DollarBureau, Syfe had earned its title of being the Best Overall Robo Advisor in Singapore. The information contained herein is provided for general information only and should not be used as a basis for Not to mention, shes an outdoor sports fanatic! 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. Some 70% of those who currently invest in SGX stocks, ETFs and REITs are young investors aged 25 to 44. BBX provides investors instant access to bond markets and diversification opportunities for their investment portfolio. 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. Start investing in US markets with just $1 with Syfe Trade. I can easily calculate how much money I should invest into stocks and bonds with the $300 ($180 stocks, $120 bonds). This breakdown of this portfolios annual returns is as follows. 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. If I cant buy fractional shares, it would be much more difficult to achieve the asset allocation I want, as each share of stock/ETF would have different prices. Using the current equivalent exchange rate, this would translate to approximately USD 270 worth. No other additional fees apply. Join over 1,000 Singaporeans in their financial planning journey! I am JH! For US securities, the US Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) will levy a fee for sell trades. Lets first talk about the one with the higher risk which is 100% REITs (i.e 100% investments in REITs listed on SGX). Your personal data and particulars are encrypted and stored in AWS data centres in Singapore. 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. And in comparison with other robo-advisors in Singapore, Syfe has one of the cheapest management fees and with no minimum investment amount involved. And you must be wondering why does it have the least risk? If you are passionate about a certain real-world topic, themed portfolios are suitable for you to best reflect your values and investment preferences. New users on Syfe Trade enjoy five free trades of US names per month for three months, with a commission charge of 99 US cents thereafter. Apply the promo code 'TRADENEW' when signing up for your Syfe Trade account, 2. Syfe has even laid the comparison out for you, where you can generate up to 17 times more with Cash+ (1.2%) as compared to bank deposits (0.07%). 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. Get to know more about our investment approach. No asterisks to take note of and no minimums or caps to remember. Apart from trading, Syfe also offers wealth management solutions via its Syfe Wealth . Syfe Trade Review- Low Fees, Great User Interface, and More! This is because other platforms like Interactive Brokers provide delayed market data. This could be a negative for those who prefer to trade on such devices compared to phones. If I cant purchase fractional shares and would like to buy 1 share of VOO, I would have to save for 2 whole months! return figures shown are presented for informational purposes only and are not indications, predictions, for the calculation of assumed target returns, no representation or warranty is given as to the adequacy or Use of this website is governed by the Terms Any one looking to invest should do their own research and analysis first before making any investment. I am currently working on a Syfe and Syfe Trade guide, and plan on releasing it soon! However, as of right now, Syfe Trade only has access to the US market. Thematic portfolios, like its name, are tied to a specific theme. Disclaimer: The above image shall not be taken as financial advice to buy AAPL. After you've used up the free trades, the fee will be USD$0.99 per trade during the promotional period, and USD$1.49 per trade after the promotional period. It turns out that Tiger Brokers charges a settlement fee of US$0.003 per share with no maximum cap. Firstly, what is Syfe Trade? 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. Tested it out with a small $1,000 deposit before putting in another $9,000 to make up the five-figure amount. Here, you can even decide the % you can allocate to each chosen ETF! Theres no conflict of interest with this freemium model and our approach is upfront and transparent. Hopefully, my content will be useful! Syfe Trade will charge a commission of 0.06% of trade value for SGX names, with a minimum charge of $1.98. Learn more on how Syfe Wealth management fees are determined and calculated here. Buy and sell equities and cryptocurrencies easily on one app with Syfe Trade! Monetary Authority of Singapore. Investing, personal finance, for everyone. Any form of investment carries risk. . NTUC Income Enhanced IncomeShield Review: Basic, Advantage, Preferred. commission fee is $1.98 which means a $3,300 trade size is the absolute sweet spot. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Execute your first buy trade If you are eligible, you will receive the USD equivalent of SGD 60 in cash credits within 7 working days and see this reflected as an increase in your buying power. Syfe does not take responsibility Core Balanced focuses somewhat on what is offered by Core Growth and Defensive. The Discover page shows you the most popular stocks/ETFs and you can filter by sectors, recommendations, and themes. If you are a trader though, Syfe Trade may not be ideal for you due to the lack of technical indicators. Grab Earn+, GrabFins second investment option apart from Grab AutoInvest. Join over 100,000 Singaporeans and invest in your favourite companies right here. 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.. ( https://www.syfe.com/trade ) In the past week, Syfe celebrated its 3rd birthday and proudly. Our Syfe Wealth management fee covers everything from portfolio monitoring to automatic rebalancing. They are also having an introductory offer where you can get up to 5 free trades per month and from the 6th trade onwards - it will be US$0.99 per trade as compared to the usual U$1.49. The referral promotions are always changing, so click here to view the updated referral promotions by Syfe. This is because equities have been known to grow much faster than any other asset class. If you have bought them, you would fared pretty well above the market average at an annualized return of -8.1% for the past 1-year but up 5.5% for 3 years annualized and 5.6% for 5 years annualized. ARI helps to automatically adjust your portfolios so that you would get the best possible returns at any time. We have also put together a list of the 11 best REITs in Singapore, in case youre interested. Whats more, we offer 24-hour customer support on all US trading days so you can trade with a peace of mind. This article is intended for information purpose only and should not be construed as financial advice. All Your REIT Questions Answered, Coinbase, Disney, Rivian: Earnings Spotlight, Investment This is because Syfe has a starting Blue tier with no minimum investment amount and no withdrawal fees involved. 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.
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