Syfe allows trading of stocks and ETFs listed on US exchanges such as NYSE and NASDAQ, and it has expanded its offerings to include stocks, ETFs, and REITs listed on the Singapore Exchange (SGX).
Additionally, we are excited to announce that you can now also trade stocks and ETFs listed on the Hong Kong Stock Exchange (HKEX).
US-listed assets are traded in USD, while Singapore-listed assets are traded in SGD. However, you have the option to transfer both SGD and USD to your Syfe account. Learn more here.
Do you accept HKD deposits?
We support USD and SGD deposits on our platform. When trading HKEX-listed stocks and ETFs, you can directly convert your funds to HKD within the app or simply place a trade, and we'll automatically handle the conversion for you. The conversion of the cash balance for trades is utilised in the following order: for trading on a particular exchange, we first deduct from the balance in the exchange's local currency (e.g. HKD for HKEX), then SGD, and finally USD. This method ensures the most efficient use of your funds across different currencies and markets.
Are options or derivatives available on Syfe?
No, we don't offer options or derivatives on Syfe. Currently, our platform supports trading of stocks and ETFs in the US market, and stocks, ETFs, and REITs in the Singapore and Hong Kong markets.
As we forge new frontiers with our online brokerage, our current priority is to focus on the smooth running of our current offering. After which, the expansion of our product suite will be based on market demand and client feedback, as well as the necessary regulatory approvals.
Do you offer trading on OTC markets?
No, we do not currently offer trading on OTC markets.
How to differentiate securities traded in the US, SG and HK markets?
In the Brokerage app, you will be able to see the symbols 'US' or 'SG' or 'HK' indicated next to each security ticker, which refers to the market the security is listed in.