Syfe Trade Review

Category: Reviews | Author: Trading Brokers | Date: September 21, 2023

Syfe Trade opens the door for investors to effortlessly and affordably access the US stock market. With this innovative brokerage account, you can trade fractional shares in more than 3,000 US companies and ETFs, all starting with just $1 and without incurring any commission fees. Syfe Trade operates within the broader Syfe platform, known for its robo-advisory services offering a variety of investment solutions tailored to diverse goals and risk profiles. In this comprehensive article, we’ll conduct an in-depth evaluation of Syfe Trade, examining its regulatory framework, available platforms and tools, educational resources, market coverage, account options, and funding methods. Additionally, we’ll shed light on the advantages and potential limitations of choosing Syfe Trade as your preferred platform for meeting your investment objectives.

Pros & Cons

  • Commission-free trades for US securities
  • Fractional trading for US securities
  • Low commission rate for Singapore securities: 0.06% of trade value, no minimum fee or hidden charges
  • No advanced charting tools, market news, research reports, or social trading
  • Limited stock market coverage only US and Singapore markets available
  • Limit order does not support fractional shares only market order for fractional trading of US securities
  • Limited commission-free trades per month for US securities, then $0.99 or $1.49 per trade; 0.06% commission for Singapore securities

Summary

Syfe Trade Review

Syfe Trade Review

Syfe Trade stands as an affordable and user-friendly brokerage platform, offering seamless access to both US and Singaporean assets without any commission fees or minimum investment requirements. With an extensive selection of over 3,000 US stocks and ETFs, alongside Singapore REITs and bonds, investors can easily diversify their portfolios and purchase fractional shares of US companies for as little as $1. Beyond its competitive fee structure, Syfe Trade equips users with real-time market data, robust analysis tools, an intuitive interface, integration capabilities with Syfe’s robo-advisory offerings, and an enticing referral program that presents opportunities for free trades and cash bonuses. Notably, Syfe Trade maintains regulatory compliance through oversight by the MAS and holds membership with the SGX, with assets securely held in a custodian account managed by Saxo Capital Markets, a licensed broker-dealer in Singapore. The platform prioritizes data security with bank-level encryption and rigorous protective measures to safeguard user personal and financial information.

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Regulation

Syfe Trade prioritizes regulatory compliance, operating under the supervision of the Monetary Authority of Singapore (MAS) as a licensed capital markets services provider. This signifies that Syfe Trade adheres rigorously to the stringent standards and requirements mandated by MAS, ensuring the safeguarding of your funds and assets, even in unforeseen circumstances.

To fortify the security of your investments, Syfe Trade has established partnerships with trusted custodians. In the case of your US securities account, the platform collaborates with Alpaca Securities LLC as the sub-custodian. Notably, Alpaca Securities LLC holds membership with the Securities Investor Protection Corporation (SIPC), which offers insurance coverage of up to US$500,000 per customer in the event of brokerage failure.

For your Singapore securities account, Syfe Trade has selected Saxo Capital Markets as the custodian. Saxo Capital Markets stands as a licensed broker-dealer in Singapore and proudly holds membership in the Singapore Exchange (SGX). Your Singapore-based assets are securely maintained within a segregated trust account under the stewardship of Saxo Capital Markets, affording them the same level of protection as any other Saxo customer. This meticulous approach to asset protection underscores Syfe Trade’s commitment to ensuring the safety and security of your investments.

Platforms & Tools

Syfe Trade offers a versatile trading experience through its accessible web-based platform, accessible via any browser on various devices. For those on the move, the Syfe app is available on mobile phones and tablets, enabling seamless trading on your terms.

Syfe app

Syfe app

Syfe Trade is effortless thanks to its user-friendly interface, designed to simplify the investment process. You can effortlessly search for stocks and ETFs by name, symbol, or category, and access comprehensive data such as price charts, performance metrics, and vital statistics. Furthermore, the platform empowers you to curate personalized watchlists to keep a close eye on your preferred securities, receiving timely alerts when they align with your target prices.

Syfe Trade equips you with real-time market data and analysis, empowering informed decision-making. Stay updated with news, insights, and research from esteemed sources like Bloomberg, Reuters, and Morningstar. Additionally, leverage Syfe’s proprietary suite of tools, including the Risk Number, Portfolio Tracker, and Portfolio Optimizer, to assess your risk tolerance, monitor your portfolio’s performance, and fine-tune your asset allocation strategies.

For a seamless investment experience, Syfe Trade seamlessly integrates with Syfe’s robo advisor products, presenting diversified portfolios tailored to distinct goals and risk profiles. Effortlessly switch between your Syfe Trade and Syfe robo advisor accounts within the same platform, while also gaining a comprehensive view of your total net worth across all your Syfe accounts, providing a holistic perspective of your financial situation.

Education

Syfe Trade prioritizes education, offering a diverse array of learning resources to empower users with valuable insights into the intricacies of investing and trading in both the US and Singapore markets. These educational outlets encompass:

  • Syfe Blog: An informative hub where you can access a treasure trove of articles, guides, and tips. Topics span the spectrum from investment fundamentals and market trends to portfolio strategies and personal finance.
  • Syfe Academy: A valuable resource for expanding your knowledge, featuring complimentary online courses and webinars. Dive into subjects ranging from the fundamentals of investing to risk management, asset allocation, and retirement planning.
  • Syfe Podcast: Tune in to engaging interviews and discussions with industry experts, influencers, and thought leaders. Delve into subjects including financial wellness, behavioral finance, and market outlooks.
  • SGX Online Education Module: For those venturing into the Singapore market as first-time investors, Syfe Trade provides access to a mandatory online course and assessment. This module comprehensively covers critical topics, including market structure, trading regulations, order types, fees, and associated risks.

These educational resources collectively serve to enhance your understanding of the financial landscape, equipping you with the knowledge needed to make informed investment decisions. Whether you’re a novice or a seasoned investor, Syfe Trade’s commitment to education ensures a wealth of learning opportunities at your fingertips.

Markets

Syfe Trade opens doors to two prominent and distinct markets, catering to your global investment aspirations.

  • US Market Access: In the US market, you gain access to a staggering array of over 10,000 stocks and ETFs listed on both the renowned New York Stock Exchange (NYSE) and the dynamic Nasdaq Stock Market (NASDAQ). This extensive market coverage allows you to explore a multitude of sectors, industries, and thematic investment opportunities, including technology, healthcare, consumer goods, energy, and ESG (Environmental, Social, and Governance). An enticing feature is the ability to acquire fractional shares of US companies, with investments starting as low as $1. This accessibility enables you to own portions of your preferred companies, regardless of their share prices.
  • Singapore Market Presence: Within the Singapore market, Syfe Trade offers access to an array of over 550 stocks, ETFs, and REITs listed on the esteemed Singapore Exchange (SGX). This selection encompasses a diverse range of local and regional assets, including homegrown corporations, real estate investment trusts (REITs), and exchange-traded funds (ETFs) that track various markets and indices across Asia.

These expansive market offerings empower you to diversify your investment portfolio, whether you seek opportunities in the dynamic US market or prefer to explore the vibrant Singaporean and regional financial landscape through a single, user-friendly platform.

Accounts

Syfe Trade provides investors with the flexibility of two distinct account options: a US securities account and a Singapore securities account.

  • US Securities Account: In your US securities account, you gain the privilege of trading a diverse selection of US stocks and ETFs. This account allows you to fund your trading endeavors with either US dollars (USD) or Singapore dollars (SGD). In case you choose SGD, Syfe Trade ensures a seamless conversion to USD at a competitive exchange rate. You also enjoy the unique advantage of acquiring fractional shares of US companies for as little as $1, granting you the opportunity to invest in your preferred entities, regardless of their share prices. Moreover, Syfe Trade offers the added perk of free trades for US securities, eliminating commission fees or custody charges.
  • Singapore Securities Account: Opting for the Singapore securities account opens doors to trading in the Singapore market, encompassing stocks, ETFs, and REITs. Your account can be funded exclusively in SGD, and withdrawals can also be conducted in SGD. This account provides access to a diverse array of assets, including domestic companies, real estate investment trusts (REITs), and exchange-traded funds (ETFs) tracking various Asian markets and indices. An appealing feature is the exceptionally low commission rate of 0.06% for Singapore securities, coupled with no minimum fees or hidden charges.

Both accounts are seamlessly integrated into the Syfe Trade platform, allowing you to effortlessly switch between them. Furthermore, you can gain a comprehensive overview of your financial status by assessing your total net worth across both accounts. Syfe Trade uses an omnibus HIN account for Australian securities, which means that all investors use the same HIN to keep track of their trades.

Funding

Syfe Trade offers convenient funding options tailored to your preferred currency and trading market. To fund your account in Singapore dollars (SGD), you can utilize the swift and secure PayNow or FAST transfer methods, seamlessly transferring funds from your bank account to your Syfe Trade account. Alternatively, if you plan to trade in US dollars (USD), Syfe Trade accommodates your needs with the option of a wire transfer, allowing you to move funds from either your bank account or another brokerage account into your Syfe Trade USD account.

Should you choose to fund your US securities account with SGD, Syfe Trade ensures a hassle-free currency conversion process, ensuring you have access to competitive exchange rates. Detailed instructions for these funding methods can be conveniently found within your Syfe Trade app. While the processing time for fund transfers may vary depending on the method and currency, it typically falls within the range of one to three business days. For real-time updates on your funds’ status or assistance with any inquiries, you can easily monitor progress within the Syfe Trade app or reach out to Syfe’s responsive customer support team.

Conclusion

Syfe Trade, an innovative brokerage platform, provides investors with versatile opportunities to access both the US and Singapore markets effortlessly. With a user-friendly interface and a range of educational resources, including a blog, academy, podcast, and mandatory SGX online education module, Syfe Trade ensures users have access to vital information to make informed investment decisions. In the US market, you can trade over 10,000 stocks and ETFs, while the Singapore market offers access to more than 550 stocks, ETFs, and REITs. The platform also seamlessly integrates with Syfe’s robo-advisor products, offering diverse portfolios catering to various risk profiles and financial goals. Funding your account is convenient, with options like PayNow, FAST, and wire transfers for SGD and USD accounts. However, it’s essential to consider that while Syfe Trade boasts compelling features, alternative brokers with more extended track records exist. For a comprehensive selection of choices, we recommend exploring our trading broker reviews. for additional insights and options.

Syfe Trade Logo

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Syfe Trade is a brokerage platform which allows you to invest in US and Singapore assets at a low cost. Syfe Trade offers fractional shares trading when trading in the US markets

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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