Copyright 2019-2022 Dollar Bureau All Rights Reserved Singapore. 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 could be a negative for those who prefer to trade on such devices compared to phones. Investing with Syfe Trade is straightforward with our transparent fees. 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. reasonableness of the methodologies or assumptions used in calculating assumed target returns, and no reliance (Take a look at Moomoo or Tiger Brokers) From what I know, Interactive Brokers is the only other broker that offers fractional shares. The Syfe Select Custom feature allows you to pick from a curated list of over 100 best-in-class ETFs available on Syfe. However, Syfe Trade does not allow trading on desktop or laptop at the moment. Lets look at these portfolios respectively. Apply the promo code 'TRADENEW' when signing up for your Syfe Trade account, 2. Heres how! 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. Syfe Trade is a brokerage platform which allows investors to invest in US stocks and ETFs at a low cost. With Syfe Trade, you can select from over 10,000 US-listed stocks and ETFs and decide how much you want to invest. Overall, it consists of a total of 6 ETFs that covers consumer discretionary, communication services, and information technology. Syfe has 2 offerings - Syfe Trade and Syfe Wealth. All clients are given 2 free trades per month and there are zero custody or platform fees. BBX provides investors instant access to bond markets and diversification opportunities for their investment portfolio. The service is available 24 hours a day, 5 days a week (excluding weekends and public holidays). Manage Settings Fund your Syfe Trade account with a minimum of SGD 2,000, AND 3. Jan 2015 - Present7 years 11 months. 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. commission fee is $1.98 which means a $3,300 trade size is the absolute sweet spot. 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. Yuan Tian is an aspiring digital creative whos looking to shape the industry for the better. For Syfe Cash+ portfolios, there are 0 management fees involved. So this means that whatever happens to Syfes accounts would not affect your money at all. Succeeded in completing an offshore vendor transition project in 7 month time frame. When you look at 100% REITs performance history, you can see that it fluctuates up and down every year. The digital wealth manager, which entered the brokerage scene in January offering US stocks, will charge a commission of 0.06% of trade value for SGX names, with a minimum charge of $1.98. After the first 3 months, you'll get 2 free trades each month. Disclaimer: The above image shall not be taken as financial advice to buy AAPL. For a start, the Singapore online brokerage is giving every investor five free trades per month, and thereafter a flat fee of USD 0.99 per trade, during its introductory offer which will end at the first quarter of 2022. Syfe (pronounced "saif") is a Singapore-based robo-advisor launched in 2019. 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. 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. Basically, the main goal of these REIT+ portfolios is to generate dividend income without having to spend loads of money to purchase a property. Investing, personal finance, for everyone. As of today, Syfe offers two accounts Syfe Wealth and Singapores first-ever neobrokerage, Syfe Trade. Get to know more about our investment approach. 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. Thats it! One thing which I like about the Syfe Trade interface is it looks sleek, clean and easy to use for many beginners especially who is starting out. 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. Theres no conflict of interest with this freemium model and our approach is upfront and transparent. However, it is understandable that some people are not comfortable with their portfolio fluctuating too much just like how 100% REITs do. 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. 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. But in exchange for a safer portfolio with lesser risk compared to 100% REITs, you can definitely expect lesser dividend returns as well. See also: Digital wealth manager Syfe launches brokerage platform Syfe Trade, 83% of Singaporeans interested and invested in SGX. If youd like to give it a try, do click on the link here to sign up and use my referral link 3FS to receive SGD10 additional on top of the SGD60 welcome bonus when you sign up on Syfe Trade. Settlement period The time between the trade date and the intended settlement date of a transaction. Today, Ill be reviewing Syfe Trade Syfes very own first step into brokerage and see what some of their competitive advantages are. Lets start by taking a look at the fees. I would like to share my knowledge with you guys. As I mentioned before, Syfe Trade only has access to US markets now. During the promotional period, all Syfe Trade users will get 5 free trades a month. All clients are given 2 free trades per month and there are zero custody or platform fees. This is what Syfe prides itself upon, which other robo-advisors pale in comparison. projected return, OCBC reports record quarterly earnings of $1.6 billion, up 31% y-o-y, OCBC to raise flagship OCBC 360 account interest rates up to 7.65%, Genting Singapore appoints former SBF CEO as deputy CEO of Resorts World Sentosa, NoonTalk Media submits preliminary prospectus with SGX-ST, Sembcorp Marine announces change in terms of Keppel O&M transaction, UOBs 3Q2022 at a new high, Citi acquisition cost to impact 4Q2022. Regulated by the Monetary Authority of Singapore, BBX enables investors to conduct electronic trading of fractional bonds at transparent prices with atomic settlement. Apart from trading, Syfe also offers wealth management solutions via its Syfe Wealth . In Japanese, the word Saifu means wallet and to be closely At the end of your customisation process, Syfe also provides a warning if you have created a portfolio that is of a higher risk than your current risk profile. 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. With a moderately low-risk rating of 2, it is balanced in the way that it is optimally diversified across equities, bonds, and commodities.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'dollarbureau_com-leader-2','ezslot_7',604,'0','0'])};__ez_fad_position('div-gpt-ad-dollarbureau_com-leader-2-0'); As you can probably guess, heres a breakdown of the annual returns for this portfolio. For a breakdown of other regulatory charges, click here Thus, Syfes REITs with Risk Management help to ease such discomfort. We partner with MAS-licensed financial advisors to help you with this. Customers are charged an ultra-low, all-in fee for commissions outside their free trades. This essentially means that there would never be a time when you are restricted to redeem or sell your investments on Syfe. Invest in US and Singapore markets in one place. 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. 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 company is licensed and regulated by the Monetary Authority of Singapore (MAS). This breakdown of this portfolios annual returns is as follows. Settlement fee: $0.003 per Share. He commands a commendable starting salary of SGD 3,000 which is a good amount for him to get started on investing. For example, I want to have 60% stocks and 40% bonds in my portfolio and I invest $300 each month. Thus, it is important to stay protected. New Syfe customers get 5 free trades per month for the first 3 months and USD$0.99 per trade thereafter. There are also no limits as to how much you can put into this account, so this would be best for any spare cash you have lying around. 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. For US securities, the US Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) will levy a fee for sell trades. In this list, there are various categories that can help you navigate such as Trending, Recommended, Top Performers, Bottom Performers, or more. Disclaimer: Do note that I am not a finance professional, and the content I produce is based on books I read, YouTube videos I watched, courses I attended, etc. Syfe says this feature will be extended to SGX companies. On our Syfe app, youll find plenty of helpful guides on the benefits of diversification and investing for the long haul. Recently, a new broker has arrived in town! The sub-custodian for US securities is a broker-dealer registered with the SEC, a member of FINRA and a member of the SIPC (Securities Investor Protection Corporation). The current average dividend yield also stands at 4.8%. Despite the fluctuations, its past returns are still increasing overall. Buy and sell equities and cryptocurrencies easily on one app with Syfe Trade! 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. performances. I am currently working on a Syfe and Syfe Trade guide, and plan on releasing it soon! She finds joy in picking up things that spark her curiosity and mindfulness. Since Syfe Trade currently caters to only US Stocks and ETFs (as of writing, it does not offer to markets such as Singapore, Hong Kong, Australia, China), users who fund their Syfe Trade account in SGD will need to convert their funds into USD first before buying. 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. Sometime around this time last year, I wrote an article on Syfe Investment Portfolio highlighting the Core Portfolio which provides investors with a balanced mix of equity, bond, and gold ETFs. This certainly beats letting your cash remain idle in the bank, where you can simply invest it in Cash+. All new clients enjoy an introductory offer of 5 free monthly trades and fees of just USD 0.99 per trade for their 6th trade onwards for the first 3 full calendar months. The free trades we offer for US stocks are truly free, with no platform fees and no settlement fees. Though this is not a big issue for me since I prefer buying and holding ETFs. Now, what is this Neobroker, you may ask? I will try to address them! For Syfe Trade: 5 free trades per month for the first 3 months, US$0.99 per trade thereafter 2 free trades per month thereafter, US$1.49 per trade thereafter $0 platform fees, withdrawal fees, account minimum or activity fees Wrapping up Syfe is a promising robo-advisor in Singapore with a diversified range of investment solutions. It may not have as many information as what the other online brokerages out there provide but sometimes it can be an information overload and you might be better off staying put on the information that you need. However, Interactive Brokers provides the cheapest fees if Syfes free trades are not counted. 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. 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. return figures shown are presented for informational purposes only and are not indications, predictions, We and our partners use cookies to Store and/or access information on a device. Approach. For Syfe Wealth, you can then proceed to select a portfolio type from those available. Zero brokerage commissions sound good, but your trade may not actually be free as a Tiger Brokers customer found out the hard way. Syfe currently only has access to the US markets, so for a fair comparison, I will only be looking at the US market. For customer support, Syfe has live chat support for Syfe Trade. Even so, he would have difficulty allocating it to multiple blue-chip companies until he saves enough to buy one. This includes any unsettled trade value from sell trades (there is a 2-business day settlement period after a sell trade before the sale is considered final) and any cash rewards from promotions. An example of data being processed may be a unique identifier stored in a cookie. SEC fees and trading activity fees go directly to these institutions. You may be wondering what is a neobroker? Then Syfe Selects Custom portfolios allow you to do just that. Thoughts about Syfe Trade (SGX) and who it is suitable for I feel that Syfe Trade for SGX would be a suitable platform for both newbies and seasoned investors. For example, you cant change the price chart into candlesticks. Hi! ADR Custody Fee: $0.01-$0.05 per Share. Well, neo brokers are a new class of brokers that aim to transform the stock trading landscape through innovative concepts like low fees and easy-to-use platforms. 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. This supports our focus on long-term investing, and not gamification, a practice that some brokerages overseas have used to glorify risky stock trading. You can then enter other additional details such as the banks name, account holders name, account number, and whether it is a Singapore account. All Your REIT Questions Answered, Coinbase, Disney, Rivian: Earnings Spotlight, Investment It shows you basic information on your portfolio, changes in the price of securities on your Watchlist, Latest News and Market News. In short, I would say your funds are safe. Investment involves various risks, and you should ensure that you fully understand the risks, If you prefer an easy and secure way to invest in US stocks, consider Syfe Trade. This portfolio also allows investors to gain access to over 1,500+ stocks in the worlds best companies. 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. Syfe Trade is not offering monthly free trades for SGX names. Syfe Trade Review: Invest in Fractional US Stocks Fuss-Free. 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. Copyright 2022 Helpersonal. You can get started here but for full access to features, please download the. Well, for this portfolio, its investments lie in short-term government and corporate bonds from Singapore. But what makes it popular and the best exactly, especially amongst newbie investors? 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. 201834952H). Compared to Tiger Brokers or Moomoo which both have many available technical indicators at your disposal for free, Syfe Trade, unfortunately, pales in comparison. Currently, it also stands the highest in terms of Average Annual Return (5Y) of 18.87%. For those who are also buy-and-hold investors who dont make many trades each month, you might want to give them a try. safe, #11-01 11th Floor, The House Of Eden, 4 Robinson Road, Singapore 048543. Through Syfe Trade's fractional shares offering, you can buy any stock you want regardless of share price with as little as USD 1. . 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. No other additional fees apply. Now, without any further ado, lets jump into some of the factors that I look at to review them! 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. No asterisks to take note of and no minimums or caps to remember. 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. If you wish to add funds to your portfolio, you can do so via two methods an Internet bank transfer or Paynow. This article has not been reviewed by the Monetary Authority of Singapore, (function(d, s, id){var js, inotejs = d.getElementsByTagName(s)[0];if (d.getElementById(id)) return;js = d.createElement(s); js.id = id; js.src = '//investingnote.com/javascripts/sdk.js';inotejs.parentNode.insertBefore(js, inotejs);}(document, 'script', 'investingnote-jssdk')), 2022 3foreverfinancialfreedom (3Fs) Financial Independence, 3foreverfinancialfreedom (3Fs) Financial Independence, Investing For Future Growth: UOBAM Ping An ChiNext ETF, Manulife REIT (SGX: BTOU) Q3 FY2022 Results Tough Conditions but Company is Repositioning for the Future, This IoT Company Is Quietly Running In 2022 Impinj Inc. (Nasdaq: PI), The Day of Chinas Capitulation 24 Oct 2022, Oct 2022 Portfolio Transactions & Updates. Syfe Trade is waiving custody fees until the end of 2022. For me, since I am a buy-and-hold investor who mainly buys 2-3 US-based ETFs each month, I would go for Syfe Trade over other brokers. But keep in mind, you can only select up to a maximum of 8 ETFs. This portfolio invests in China companies, especially those that are at the forefront of their economy. On top of your password, Syfe provides you with the option for a One-Time Password (OTP) that can be sent to your mobile number. Disclaimer: Each article written obtained its information from reliable sources and should be purely used for informational purposes only. For example, if you are someone who likes simplicity, clean UI and UX interface and at the beginning of your investment journey, then you may like Syfe Trade with its free monthly trades and features such as fractional shares trading. It is only meant to illustrate the Syfe Trade platform. Join over 1,000 Singaporeans in their financial planning journey! They are dependent on the amount you invest in Syfe. Whether youre considering Syfe as an investment option or just being curious, this article should address any doubts you have, as well as provide a comprehensive review at your disposal. Core Defensive invests significantly in high government and corporate bonds, which are suitable for those who want more stable returns. 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. Our Telegram channel is being enjoyed by over 300 individuals, dont miss out! Furthermore, Syfe has Bank-grade data security, 2FA, and is a member of the FIDRec (Financial Industry Disputes Resolution Centre). Syfe is covered under SIPC (Securities Investor Protection Corporation) protection. 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. We just have to keep an eye out for their announcements shortly! However, do keep in mind that this portfolio also holds an overall risk rating of 5/5. There are only a few technical tools available. Well, these heard-of names are indeed within the top 5 companies that the China Growth portfolio invests in. The consent submitted will only be used for data processing originating from this website. Some 70% of those who currently invest in SGX stocks, ETFs and REITs are young investors aged 25 to 44. However, as of right now, Syfe Trade only has access to the US market. ARI helps to automatically adjust your portfolios so that you would get the best possible returns at any time. should be placed on any assumed target return. 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. This basically means Syfe Trade is an easier intermediary for people to invest and make transactions. From users fourth month on Syfe Trade, they enjoy two free trades per month with a charge of US$1.49 ($2.13) thereafter. All in all, I am quite satisfied with Syfe Trade, as it provides low commissions, free trades, and an easy-to-use platform! Syfe Trade's standard fees, FX fees and regulatory charges apply. He can choose to keep the rest of his unallocated cash in his savings account until he has enough to purchase the next one the following month. 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. Syfe Trade has expanded its brokerage offerings to names listed on the Singapore Exchange (SGX). For investors who believe strongly in the healthcare sector soaring in the near future, you can consider adding the Healthcare Innovation portfolio to your list. However, I feel that Syfes simplicity also becomes their downfall. . It is only for educational and entertainment purposes. Similar to the ESG & Clean Energy portfolio, it also invests 100% into equities. Syfe Trade provides real-time stock quotes at no extra charge, which is a plus. 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.. 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! 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. Any reference to an investments past or potential performance is not an indication of any specific outcome or profit. Capital Markets Services License and is regulated by the Monetary Authority of Singapore (Co. Reg. 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! Download the Syfe app today to get started. 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 am happy to do so! for the calculation of assumed target returns, no representation or warranty is given as to the adequacy or You guys can sign up through a friends referral code, or use mine! There are no custody, settlement, platform, deposit or withdrawal fees on our platform. Could you possibly have a post on a guide of how to use the app? Syfe Trade has no platform fees. However, this offer lasts only until 31 March 2022. Always do your own research before investing. If you are a trader though, Syfe Trade may not be ideal for you due to the lack of technical indicators. Was this article helpful? Sounds like life, Why the name Syfe? The difference between investment and speculation, Why passive income is a myth- Heres what you should focus on, Companies are shrinking product sizes! For Syfe Wealth investment portfolios, our fees range from 0.35% to 0.65% per year based on the higher of your total assets under management or total invested amount. Monetary Authority of Singapore. 7 Best Cancer Insurance Plans in Singapore. This post is very informative and useful. And in comparison with other robo-advisors in Singapore, Syfe has one of the cheapest management fees and with no minimum investment amount involved. What to do, Invest In Bettering Yourself, It Gives You The Greatest ROI - Helpersonal. Articles written are independent opinions, and are not affiliated/sponsored unless specifically mentioned. 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$1.49. The information provided by Dollar Bureau and its affiliated parties is not meant to be construed as financial advice. As you can probably tell, Syfe has plenty of portfolios catered for beginner investors who will typically start out more risk-averse such as Core Defensive or REITs with Risk Management. Grab Earn+, GrabFins second investment option apart from Grab AutoInvest. Instead, we give you a certain number of free trades every month for US stocks and charge a flat fee per trade after all free trades are used. Hi! It holds monies and assets in a custodian account through global broker Saxo Capital Markets. Syfe Annual Management Fees 0.35% - 0.65% Minimum Deposit S$ 0 Platform Fees S$ 0 Online Promo: Exclusively for MoneySmart Customers Use promo code "MSWAIVER" to get 3 months of fees. Now begs the most important question is Syfe for you? There are also no platform fees charged from Syfe so this is another thing that stands out.
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