Syfe Trade

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dappermen

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Just like robo app (but providing extra svc to trade)

not normal broker style
 
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silverbomb

silverbomb

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Zinna said:
Is this still robo service? Or need to manually buy the fractional shares you want like normal brokers? Is money inside here counted as your syfe portfolio money (for calculation monthly fees), or is this a separate thing?

Fractional shares seems good if you want to DCA and get the bigger more expensive stocks, rather than saving a few months to buy. But what is the catch? Hidden charges?
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Robo is robo. Syfe Trade is trade. Seperate pocket.

Alr traded once ytd and was charged $0 fees. Like earlier mentioned this is 5 free trades per month till promo ends will become 2 free trades. After which $0.99 per trade.
 
ekardo

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free trade aside, what else to look for in terms of admin fee ? I know some US etf with S&P500 have high admin fee and also high % of profit tax...
 
silverbomb

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ekardo said:
free trade aside, what else to look for in terms of admin fee ? I know some US etf with S&P500 have high admin fee and also high % of profit tax...
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What you are asking is more towards US stocks matters in particular and not percularly to Syfe Trade. Regardless of broker, ETFs typically has total expense ratio wch is inbuilt into the price you see on any live data you see on websites and brokers, and 30% withholding tax for all dividends payout wch again applies for all brokers as long as it's US trades.
 
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grandza

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are the trades executed immediately if put in market order? or need to wait few hours/days?
 
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xiaosinsinful

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silverbomb said:
Robo is robo. Syfe Trade is trade. Seperate pocket.

Alr traded once ytd and was charged $0 fees. Like earlier mentioned this is 5 free trades per month till promo ends will become 2 free trades. After which $0.99 per trade.
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can confirm there are no other fees levied right? Like % of AUM

wondering if this is better or IKBR. If not no benefit to jump
 
silverbomb

silverbomb

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xiaosinsinful said:
can confirm there are no other fees levied right? Like % of AUM

wondering if this is better or IKBR. If not no benefit to jump
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no it's all stated on their website.

in my opinion, it's good for those small trades (imagine paying $0.99 for 1 share of $30 stock, versus $0 fee for the same under Syfe. You get the drift) and to get the joining bonuses. u cannot compare syfe to IBKR. IBKR offers a suite of services and market advantages, so ppl will still pay maginally fees and price to unlock certain features to use their services though there's so many new brokers popping up offering FOC trades.
 
iceblendedchoc

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ekardo said:
free trade aside, what else to look for in terms of admin fee ? I know some US etf with S&P500 have high admin fee and also high % of profit tax...
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if you want to buy etf only, syfe will not be suitable. You save more buying US etf in LSE
 
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s0crates

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direbmem said:
Huh...
Edit: omg he quoted my post! Haha, am I famous now?😂
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You got to note that Syfe's reply is that they don't earn from selling the trade flows. Maybe someone else is earning from the trade flows?? Hahaha. Anyway, I don't see anyone challenging moomoo and tiger brokers on how they are monetising and potentially indirectly charging their clients.

I only trust IBKR because they not only score well on pricing, but on trade execution price as well
 
reddevil0728

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s0crates said:
You got to note that Syfe's reply is that they don't earn from selling the trade flows. Maybe someone else is earning from the trade flows?? Hahaha. Anyway, I don't see anyone challenging moomoo and tiger brokers on how they are monetising and potentially indirectly charging their clients.

I only trust IBKR because they not only score well on pricing, but on trade execution price as well
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yes. don't miss the forest for the trees
 
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