Syfe Trade

[hwmook]

Anyone notice some stocks not getting live price update?

Got live price? I didn't see price change when I trade. I used market order though.

 

[reddevil0728]

Got live price? I didn't see price change when I trade. I used market order though.

@dappermen thoughts?

 

[hwmook]

This platform is easy to use, I rank it better than Tiger and Moomoo. For those who want to buy and forget about it should use syfe.

 

[dappermen]

Hwmook ie a very gd point!!!!!!!!






dont use this if uncomfy for those! all my trades r in moomoo


it is still in beta version - for syfe (will do upgrading

 

[reddevil0728]

Hwmook ie a very gd point!!!!!!!!






dont use this if uncomfy for those! all my trades r in moomoo


it is still in beta version - for syfe (will do upgrading

So Syfe got Live price or don’t have?

 

[yiron]

This platform is easy to use, I rank it better than Tiger and Moomoo. For those who want to buy and forget about it should use syfe.

Haven't signed up yet. Seems like the fees quite competitive and got live prices somemore. Does it show things like deposit/withdrawal and trade history, and P&L by stock (both realised and unrealised)?

 

[silverbomb]

Haven't signed up yet. Seems like the fees quite competitive and got live prices somemore. Does it show things like deposit/withdrawal and trade history, and P&L by stock (both realised and unrealised)?

Like what I mentioned in an earlier post, if you don't need things like detailed charts or loads of details (like earnings, PnL, etc) which moo and tiger and other brokers are much better at, then price wise at FOC for 5 trades (2 after promo) is ok for small time investors. Still not the cheapest out there but for free trades or small number of trades is relatively ok. Very simple UI (too simple in fact for me).

Can see unrealised but never sold any yet so dunno about realised.

 

[dappermen]

Yes one way to tell yourself syfe trade is a elementary/nursery level of apps , ez to accept without the details

Wanna much more details but very olden era feel? Uob kh - i have this too but seldom use at all

https://www.utrade.com.sg/home/Free_Market_Depth_2021.html

 

[iceblendedchoc]

My only concern is whether they offer competitive rate for SGD to USD and USD to SGD. Every month I invest $20000 SGD so if currency spread still lose out to ibkr then I still be sticking to ibkr for the trades.

 

[crystalnox]

My only concern is whether they offer competitive rate for SGD to USD and USD to SGD. Every month I invest $20000 SGD so if currency spread still lose out to ibkr then I still be sticking to ibkr for the trades.

IBKR is using exactly the spot rate +USD$2, it's going to be very hard to beat.

 

[hwmook]

My only concern is whether they offer competitive rate for SGD to USD and USD to SGD. Every month I invest $20000 SGD so if currency spread still lose out to ibkr then I still be sticking to ibkr for the trades.

Their rate has a 0.2% spread which is very good but will lose out to IBKR for amount more than USD1000. For anything below that, syfe is decent. Those DCA SGD1400 and below should use syfe, more than that IBKR.

 

[reddevil0728]

My only concern is whether they offer competitive rate for SGD to USD and USD to SGD. Every month I invest $20000 SGD so if currency spread still lose out to ibkr then I still be sticking to ibkr for the trades.

If you are already using ibkr just stick to it?

not necessary to chase everything down to the dollar.

takes effort to make the switch also.

 

[Thoreldan]

gr8! u can stand IBkR interface??? i cant!!!!!!!!

I give it a 4/10, Syfe easily more thn 6.5/10

can u grde them both???

Serious and professional traders often look beyond UI for their brokerage of choice.
some of these factors include:
- platform features
- range of products (etf/stocks/bonds/options/futures/commodity/cfd/crypto/etc)
- access to multiple stock exchanges
- margin rates/forex rates

I am an IBKR user. No doubt the UI is considered outdated, the features in IBKR Trader Workstation (TWS) is hard to beat. Especially things like strategy builder for options trading.

Other functions like bracket orders, OCA orders are bread and butter for traders too.

But I have to agree IBKR charts are way too lousy.
So for this I am using TradingView for my charting needs.

 

[hwmook]

Serious and professional traders often look beyond UI for their brokerage of choice.
some of these factors include:
- platform features
- range of products (etf/stocks/bonds/options/futures/commodity/cfd/crypto/etc)
- access to multiple stock exchanges
- margin rates/forex rates

I am an IBKR user. No doubt the UI is considered outdated, the features in IBKR Trader Workstation (TWS) is hard to beat. Especially things like strategy builder for options trading.

Other functions like bracket orders, OCA orders are bread and butter for traders too.

But I have to agree IBKR charts are way too lousy.
So for this I am using TradingView for my charting needs.

I don't use the charts, no wonder I find IBKR perfectly fine for me.

 

[hwmook]

If you are already using ibkr just stick to it?

not necessary to chase everything down to the dollar.

takes effort to make the switch also.

Not about chasing it down to the last dollar, its more about trying out new platforms to see whether there is any better one. I have a IBKR account for many years, at least 8 years. I still tried Tiger, Moomoo, Syfe. I also have endowus, FSM, dollardex, POEMS, SCB, Vickers. If the costs make sense then I will try the platform to see whether its good for me.

 

[reddevil0728]

Not about chasing it down to the last dollar, its more about trying out new platforms to see whether there is any better one. I have a IBKR account for many years, at least 8 years. I still tried Tiger, Moomoo, Syfe. I also have endowus, FSM, dollardex, POEMS, SCB, Vickers. If the costs make sense then I will try the platform to see whether its good for me.

Better as in holistic assessment right?

 

[ekardo]

Just to confirm, the free trade is regardless of the amount? 10k 20k also consider free if within 2 or 5 trade of the month?

 

[silverbomb]

Just to confirm, the free trade is regardless of the amount? 10k 20k also consider free if within 2 or 5 trade of the month?

It should.

 

[silverbomb]

Not about chasing it down to the last dollar, its more about trying out new platforms to see whether there is any better one. I have a IBKR account for many years, at least 8 years. I still tried Tiger, Moomoo, Syfe. I also have endowus, FSM, dollardex, POEMS, SCB, Vickers. If the costs make sense then I will try the platform to see whether its good for me.

For me the main push point is the margin rates. IBKR gives me the best rate and by consolidating more of my stocks with them I can borrow more margins there. This is the main reason for me to throw most of mine in IB.

The rest i have tried out too so somewhat like you.

 

[crystalnox]

For me the main push point is the margin rates. IBKR gives me the best rate and by consolidating more of my stocks with them I can borrow more margins there. This is the main reason for me to throw most of mine in IB.

The rest i have tried out too so somewhat like you.

I do wish they would stick to the BM + 1.5% instead of randomly flip flopping between +1.5% and +2.5% randomly between months.