Brokerage offers free monthly trades for US-listed stocks and ETFs.
All new clients* enjoy an introductory offer of unlimited free US monthly trades for the first 3 calendar months. Thereafter, clients get to enjoy low fees varying from US$1.49 to US$0.99 per trade, depending on their assigned tier for the subsequent trades within the month. The number of free trades (per tier) resets when a new month starts . Diamond-tiered clients get to enjoy unlimited free trades for US markets.
E.g. Jane creates her Brokerage account on 25 January 2023. She will get unlimited free trades between 25 January and 30 April
After this introductory offer, depending on Jane's tier, she will get to enjoy at least 2 free trades each month, and fees of at most USD 1.49 per trade for her 3rd trade onwards. For example, if Jane is a Blue-tiered client (having less than S$50,000 in her total investments with Syfe), from 01 May onwards, she gets 2 free monthly US trades, and US$1.49 per trade thereafter.
If Jane is a Diamond-tiered client, she continues to enjoy unlimited free US trades after the 3-month introductory offer.
Fees are charged at the time we receive your order. For a breakdown of other applicable charges, click here.
* New clients refer to clients who complete KYC and account creation, and are fully onboarded from 25 January 2023 onwards. Clients who complete KYC before 25 October 2022 but haven't funded their account will also enjoy 3 months of free trades from 25 January 2023 to 30 April 2023.
When will my free trade entitlement be reset?
Free trades are reset at the beginning of each month. Unused free trades for a particular month will not be carried over to the next month.
For instance, if you create your Brokerage account on 25 January 2023, you will have unlimited free trades till the end of April. On 01 May 2023, your free trade entitlement will be reset and you will get at least 2 free trades for the month of May (depending on your tier).
You may check the remaining number of free trades you have for the month (and your associated tier) via the Syfe app under Accounts > Pricing.
Is there a limit to the number of shares I can buy or sell using the free trade allowance?
Not at all! You may use your monthly free trade allowance as you prefer.
For example, you may use your free trade to buy half a share, one share, or 1,000 shares - it's entirely up to you.