Syfe Trade

[BinaryLord]

Hello there,
We’re excited to grant you early access to the pre-launch version of Syfe Trade!

As we continue to improve our platform, we appreciate any feedback that you may have. Please let us know at support@syfe.com.

They have the welcome promotion as well:
Deposit $1k + first trade = $60 bonus

Additional $30 per referral

 

[CrashWire]

How's their USD/SGD exchange rate?

 

[silverbomb]

How's their USD/SGD exchange rate?

For SGD to USD, better than Tiger but don't expect almost spot rate like IBKR rates

 

[Mr. Wood]

how is the platform, UI etc? able to trade the big names stocks and ETFs? did they say who is the custodian?
i din get in

 

[silverbomb]

how is the platform, UI etc? able to trade the big names stocks and ETFs? did they say who is the custodian?
i din get in

UI is basic but with live prices. Whatever is listed in US you can buy, at least that's what I tried so far.

Funds in your Syfe Trade account are held on trust by The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (“HSBC”).

 

[greythorne]

Using Syfe Trade, what’s the fees like? Is it need to pay commission+AUM fees+FX fees?

Trying to understand if IBKR is still better than Syfe Trade.

 

[direbmem]

I wonder how and what they earn from free trades. Selling deal flow? Forex spread?

 

[silverbomb]

Using Syfe Trade, what’s the fees like? Is it need to pay commission+AUM fees+FX fees?

Trying to understand if IBKR is still better than Syfe Trade.

price and fees are explained in details here: https://help.syfe.com/hc/en-us/arti...e-regulatory-charges-applicable-to-my-orders-

do not expect IBKR level. that bar is high. IBKR is selling a suite of service as its USP. syfe trade is very basic style for a start. just buy and sell type of broker for now. no in-depth charts, think robinhood style charts alike.

i'll still use my IBKR for majority purpose, this for me is more like for small trades and itchy trades

 

[dappermen]

IBKR is not Live! & poor CS w Ui too

i signd up alrdy but hvent deposited - i hated too many APPs
sadly Moo cant London!!!

would have to make a trade and then sell off your holdings to be able to withdraw the bonus.

 

[reddevil0728]

IBKR is not Live! & poor CS w Ui too

i signd up alrdy but hvent deposited - i hated too many APPs
sadly Moo cant London!!!

would have to make a trade and then sell off your holdings to be able to withdraw the bonus.

ibkr can be live
poor cs might be dependent on your mileage
UI is a very personal thing

 

[vegavega25]

price and fees are explained in details here: https://help.syfe.com/hc/en-us/arti...e-regulatory-charges-applicable-to-my-orders-

I am not familiar with brokerage firms in SG. But are these fees competitive? Seems like there are only forex fees built into the rate. And for sale, regulatory charges which are presumably identical everywhere.

 

[silverbomb]

I am not familiar with brokerage firms in SG. But are these fees competitive? Seems like there are only forex fees built into the rate. And for sale, regulatory charges which are presumably identical everywhere.

For the time being i'll say price wise yes as first 5 trades are free for promo and 2 after promo but need to do 1 trade first to see if the regulatory charges comes in. Wouldnt expect the fees of such to be high. Like all other brokers whos getting started Bearing in mind the early sign up bonus (when you do get in) will be a good to secure these bonuses. Currently only avail by invite and referrals.

Syfe Trade is still in its beginning stage so they're going slow and steady. Spoke with Syfe at length and there's still stuffs that the team will explore to open at a later stage. One thing I figured is they don't support pattern day trading (PDT) so if you're found to do that more than 3 times in a short time within a 5 days period you're stopped. They don't want to market it as a day trade platform but to align with their robo and branding aim of long term growth I believe.
https://help.syfe.com/hc/en-us/arti...n-day-trading-rule-and-how-does-it-affect-me-
But like earlier said I'll still stick most of my activities on IBKR for its whole suite of service. Here is for grabbing the bonuses and referrals before they stop the promos and we'll see if the platform and the fees can remain competive. Take it as a trial

 

[reddevil0728]

Important to remb, don’t be penny wise pound foolish

 

[ekardo]

thinking of using this to buy tesla or google, but both are at their peak now..

 

[reddevil0728]

thinking of using this to buy tesla or google, but both are at their peak now..

Why so specifically use this for Tesla or google?

 

[ekardo]

factional, and signon bonus ?

or which ETF have both of this?

 

[dappermen]

thinking of using this to buy tesla or google, but both are at their peak now..

clever Move!

 

[endlssorrow]

Trading by Buy fractions of those stocks will profit anot? Haha

 

[endlssorrow]

Important to remb, don’t be penny wise pound foolish

How come lei?

 

[Zinna]

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?