Skip to main content

Search

Support centre

How can we help you invest better?

home-page-image

About Syfe Trade

  • With both Syfe Trade and Syfe Select Custom (part of Syfe Wealth), you get access to a broad range of ETFs. Deciding between the two options? Here are some differences to take note of.

    Pricing

    With Syfe Trade, you pay a flat fee of US$1.49 for US stocks and ETFs (US$0.99 for the first 3 months) and 0.06% of traded value (min. S$1.98) for Singapore stocks, REITs, and ETFs. Learn more about Syfe Trade pricing here.

    With Syfe Select Custom, your management fee depends on your portfolio value and ranges between 0.35% - 0.65% per year, depending on the pricing tier you are at. For example, with a $10,000 investment in your portfolio, your monthly fee is SGD$5.42. You may use our Fee Calculator to estimate your monthly management fees or learn more about Syfe Wealth pricing here.

    Choice of ETFs

    At the moment, you can only buy and sell US-listed stocks and ETFs and SG-listed stocks, ETFs, and REITs on Syfe Trade.

    Syfe Select Custom offers a broader range of ETFs such as those domiciled in Ireland e.g. iShares Core S&P 500 UCITS ETF (CSPX). UCITS ETFs offer certain withholding tax advantages compared to their US-listed counterparts.

    Portfolio management

    Syfe Trade is a self-directed brokerage platform. To invest in Syfe Trade, you will need to execute your own trades. Dividends are also not reinvested for you; they are credited directly to your Syfe Trade account. 

    Syfe Select Custom is an automated, fully-managed portfolio that helps you manage your investments:

    • There's no need to execute your own trades as Syfe will do the investing for you once you've transferred funds
    • Dividends are automatically reinvested, free of charge
    • You can include up to 8 ETFs in one Syfe Select Custom portfolio and determine your asset allocation
    • You can set up a recurring transfer to your Syfe Select Custom portfolio for regular investing. If you've added 8 ETFs to your portfolio, you'll be able to invest in all of them at once
    • With Syfe Select Custom, you get access to Syfe's wealth experts
    View more
  • Syfe Trade, Singapore’s first neobroker, is where users can grow their money by investing in the US and SG markets.

    Investors can easily buy into the world’s biggest companies starting with as little as USD 1, have access to free trades, a simplified user experience, and access to real-time market data and analysis. Click here to learn more about Syfe Trade.

    What securities can I trade with Syfe Trade?

    You can trade over 10,000 stocks and ETFs listed in the US markets, as well as stocks, ETFs, and REITs listed in the Singapore market. Learn more here

    Why should I use Syfe Trade if I am already using another broker?

    Syfe Trade is a simple and secure way to buy and sell stocks. What sets us apart are these additional features:

    1. Free trades every month so you can grow your portfolio (applicable to US market)
    2. Fractional shares: Invest in the companies you believe in, regardless of share price (applicable to US market)
    3. Individual accounts protected up to USD 500K under SIPC protection (applicable to US market)
    4. 24/7 customer support (applicable to both US & SG markets)
    5. Free access to real-time stock quotes and analysis (applicable to US market)
    6. Secure and instant set-up with Singpass (applicable to both US & SG markets)
    View more
  • On Syfe Trade, you can invest in:

    • stocks and ETFs listed in any of the US stock exchanges such as the New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotation System (Nasdaq), and
    • stocks, ETFs, and REITs traded in the Singapore stock exchange (SGX).

    Please note that US-listed securities are traded in USD, while SG-listed securities are traded in SGD. You have the option to transfer both SGD and USD to your Syfe Trade account. Learn more here

    Kindly refer to the below table for more information regarding both markets available on Syfe Trade.

      US Market SG Market
    Denomination currency USD

    SGD (Dual-listed shares are not available)

    Available asset classes Stocks and ETFs Stocks, ETFs, REITs

    Trading hours

    9.30 am - 4 pm EST

    Pre & post market hours applicable

    9 am - 12 pm / 1 pm - 5.16 pm SGT
    (Lunch break from 12 pm to 1 pm)

    Only post market hours applicable

    Half-day trading Not applicable

    9 am - 12.16 pm SGT

    Applicable on Chinese New Year eve, Christmas eve, and New Year's eve, should they fall on a trading day

    Order types allowed Market order (by value & by shares), limit order, stop order

    Market order (by shares) and limit order

    Pattern Day Trading restriction Applicable, learn more here

    Not applicable

    Fractional trading  Applicable

    Not applicable

     

    How to differentiate securities traded in the US and SG markets?

    In the Syfe Trade app, you will be able to see the symbols 'US' or 'SG' indicated next to each security ticker, which refers to the market the security is listed in. 

     

    Are options / derivatives available on Syfe Trade?

    At the moment, customers can only trade stocks and ETFs from the US and Singapore markets, and REITs from the Singapore market on the Syfe Trade platform. 

    Future 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, currently we do not offer trading on OTC markets.

     
    View more
  • You can access Syfe Trade through the Syfe app. Head over to Apple Store or Google Play Store to download the Syfe app today.

    Kindly note that Syfe Trade is not available on desktop.

    View more
  • Fractional trading allows you to own a fraction of a share, so you get to invest in your favourite company—regardless of its share price. You decide how much you want to invest, and even if the amount doesn't buy a whole number of shares, you can still buy fractional amounts. In short, you can maximise all your available funds to invest in the shares you want.

    Which securities can I trade fractionally?

    US Market

    Over 10,000 US stocks and ETFs are now eligible to be fractionally traded on Syfe Trade, and we're in process of enabling fractional trading for more securities. This will be enabled in phases based on different parameters such as security demand, trading frequency, volatility, and share price. We expect the majority of US securities (excluding penny stocks) to be fractionally enabled in the coming months.

    Fractional shares trading in the U.S. market is enabled by default, however, please note that you may see an error message if you try to do fractional trading for securities that cannot be fractionally traded.

    SG Market

    Fractional trading is currently not supported for SG-listed securities. 

    What are the fees associated with fractional shares?

    There are no additional fees for fractional shares trading. Syfe Trade's standard fees apply for each trade transaction.

    View more
  • Effective 1 January 2012, the MAS requires financial institutions to assess whether a retail investor has the relevant knowledge or experience to understand the risks and features of a Listed Specified Investment Product (SIP) before that product is offered to them.

    You are assessed to be eligible to transact in Listed SIPs when you fulfil any one of the three criteria based on your educational qualifications, working experience and/or investment experience. As such, it is important that you answer these questions accurately during the online application process.

    The CAR criteria will also be met if you have previously completed the SGX Online Education within the past 3 years, and scored above 75% for the assessment. You should also not have been refused on four occasions by other financial institutions to open a trading account.

    Listed SIPs available on our platform include ETFs. You may refer to the MAS Notice SFA 04-N12 on the Sale of Investment Products for more information on the Customer Account Review ("CAR") criteria.

    If you do not meet the CAR criteria, you can still qualify for all securities by completing the SGX Online Education for listed SIPs.

    Alternatively, you can still proceed in opening a Syfe Trade account which has access to all instruments available on our platform, excluding some ETFs which are more complex in nature.

    View more
  • If you are an existing Syfe Wealth user, you do not need to create a new account or convert an existing one. Kindly proceed to sign up for Syfe Trade using the following steps:

    1. Login to your Syfe app
    2. Switch to Syfe Trade (simply click on the human icon at the top right corner > Syfe Trade)
    3. Click on the "Complete Now" button
    4. Sign the necessary contract details
    5. Transfer funds to your Syfe Trade Account using PayNow, Fast, Telegraphic Transfer and other methods

    Done! You are ready to start investing. You can access your Syfe Trade and Syfe Wealth account anytime via the Syfe app.

    View more
  • Minimum transfer amount

    There is no minimum transfer amount - you may transfer any amount (either in SGD or USD) into your Syfe Trade account.

    Then, you will be able to convert funds from SGD to USD, and vice versa, within the app. Please note that the smallest amount that can be converted within the app is SGD 1 or USD 1.

    Minimum trade quantity

    US Market

    Fractional trading is enabled for most US-listed securities. To place a trade, your trade value must be a minimum of USD 1. This applies for both buy and sell trades. 

    For US-listed securities where fractional trading is not applicable, the minimum trade quantity is 1 share.

    SG Market

    Fractional trading is not applicable for SG-listed securities. Kindly refer to the below trade quantity rule for different asset classes listed in the SG market:

    • Stocks and REITs: minimum 1 round lot of 100 shares (e.g. 100, 200, 300)
    • ETFs: minimum 1 share (no fractions)

    Please note that we currently do not offer odd lot trading on the SGX. However, clients can request to close odd lot SGX positions by sending a request to the Syfe Support Team here.

    Minimum bid size and forced order range: 

    Product Price range (S$) Minimum bid size (S$) Forced order range
    Stocks, REITs Below 0.20 0.001 +/- 30 bids
    0.20 – 0.995 0.005
    1.00 and above 0.01
    ETFs All

    0.01 or 0.001 

    as SGX-ST determines

    +/- 10%

    For more information about SGX trading rules, you can refer to the SGX website here.

    Lock-in period

    There's no lock-in period for Syfe Trade - you are free to sell off your holdings and place a withdrawal request anytime.

    View more
  • You will be able to transfer shares from another brokerage to Syfe Trade via Automated Customer Account Transfer Service (ACATS). Please note that transferring shares from Syfe Trade to another brokerage is not supported at the moment.

    As of now, ACATS is only available for US-listed securities. However, we are currently looking to enable Singapore shares transfer functionality from other brokers. You may wish to reach out to our support team if you are interested in moving your Singapore shares from other brokers to your Syfe account.

     

    What is the ACATS process like?
    The brokerage that you intend to transfer your securities to (Syfe Trade in this case) is the “receiving firm”. The brokerage where your securities are currently held is the “delivering firm”.

    The process always starts with the receiving firm. To transfer securities to Syfe Trade, kindly fill up the “Securities Account Transfer Request” form here and mail it with the relevant documents to support.sg@syfe.com. Our Syfe Support Team will be in touch for any clarifications.

    What securities can I transfer with ACATS?
    You can transfer cash and all publicly traded stocks or ETFs on the US stock market.

    However, please note that transfer of fractional holdings is not supported, only whole shares can be transferred.

    If you own fractional holdings you may either:

    1. Liquidate the fractional holdings into cash with your existing broker before a full transfer of whole shares and cash can be processed, or
    2. Opt for a partial transfer of whole shares only.

    If you are unsure, you may check with our Syfe Support Team via email at support.sg@syfe.com before initiating an ACATS transfer request.

    How long will it take to transfer my securities?
    Once the delivering firm verifies the information sent over by the receiving firm, the ACATS process begins and you can expect your securities in your Syfe Trade account within 10 to 14 business days. It may take longer if the application is rejected for various reasons, such as if form is filled incorrectly.

    Can I transfer only some of my securities?
    Yes. Just fill in Section 4 of the “Securities Account Transfer Request” form.

    Are there any fees to use ACATS?
    There are no fees to transfer your securities into your Syfe Trade account but your existing brokerage may charge you a transfer fee. Kindly check with your existing brokerage directly on the fees they charge.

    How do I start?
    You may download the Securities Account Transfer Request form here. Please send the completed form and the most recent account statement of your existing brokerage to support.sg@syfe.com. We will update you once the transfer has completed successfully.

    View more
  • Yes. However, please note that SIPC protection only applies to your US-listed holdings and does not apply to SG-listed securities.

    Alpaca Securities LLC, a member of the Securities Investor Protection Corporation (SIPC), serves as the sub-custodian for your securities account for US-listed securities.

    In the event that a SIPC-member fails and is placed in liquidation under the Securities Investor Protection Act, SIPC protects the securities customers of its members up to $500,000 (including $250,000 for claims for cash).

    However, kindly note that SIPC does not protect against any decline in the value of your securities. For more information, please refer to www.sipc.org.

    View more

Still need help?

Reach out to our customer support team at any time
contact-illustration