Syfe Trade

[silverbomb]

how i did my execution was to refer to live prices from yahoo finance knowing jolly well the not-so live prices on syfe is shown. trade was executed at the price that i wanted.

 

[yiron]

agree..syfe trade is a bit crappy as the pricing is super delay... (I set buy when the price was around say $25... I see that the share price have dropped to 24.50, but my order still not filled..was wondering if I should cancel..

then price dropped further to $23 but still my order not filled...then the next moment, I got notification that I got the stock at $24.80... like cheating on me like that..

guess syfe trade is not good for volatile stock... sigh..

Market order right? I had the same experience as well. Placed a market order and it was pending for damn long, which doesn't make sense for market order?

 

[s0crates]

You guys really need to open your eyes big big with brokerage platforms. Be it limit order or market order, there is good reason to believe that fractionalisation can lead to poor price execution.

If you want to trade fractional shares use a platform with scale la, like IBKR. You think syfe trade got the volume to fractionalise?

 

[reddevil0728]

You guys really need to open your eyes big big with brokerage platforms. Be it limit order or market order, there is good reason to believe that fractionalisation can lead to poor price execution.

If you want to trade fractional shares use a platform with scale la, like IBKR. You think syfe trade got the volume to fractionalise?

Important not to be penny wise pound foolish

 

[ekardo]

so what you guys are saying is, fractional share is like groupbuy..need to wait for similar interest people before the price can execute?

 

[twosix]

so what you guys are saying is, fractional share is like groupbuy..need to wait for similar interest people before the price can execute?

the us stock exchange is still based on min. of 1 share. so for fractional shares, need other traders to "group" together to make it at least 1 share, then can go through the stock exchange. so brokers like ibkr will have advantages over small or new brokers. it's a volume game. if u want fast execution, better to buy in full shares.

 

[s0crates]

so what you guys are saying is, fractional share is like groupbuy..need to wait for similar interest people before the price can execute?

https://www.thebalance.com/are-fractional-shares-worth-it-5193869

A broker may execute your fractional trade in real time, or it may make the trade later in the day after aggregating multiple fractional-share purchases.

I don't think syfe trade has the volume for even decent execution.

 

[angcheek]

Any bros can helo to advise. If buy stock with dividend, syfe trade will credit the dividend minus the withholding tax? Any possibility to claim back the tax? Thanks

 

[twosix]

Any bros can helo to advise. If buy stock with dividend, syfe trade will credit the dividend minus the withholding tax? Any possibility to claim back the tax? Thanks

The 30% tax on dividends cannot be claimed back. Make sure you also have w8ben form filled and submitted or else ur share sale will also be taxed 30%.

 

[silverbomb]

Any bros can helo to advise. If buy stock with dividend, syfe trade will credit the dividend minus the withholding tax? Any possibility to claim back the tax? Thanks

first time i hear singaporean ask can claim back the tax. lol

 

[reddevil0728]

Any bros can helo to advise. If buy stock with dividend, syfe trade will credit the dividend minus the withholding tax? Any possibility to claim back the tax? Thanks

what's the basis for claiming back tax?

 

[angcheek]

The 30% tax on dividends cannot be claimed back. Make sure you also have w8ben form filled and submitted or else ur share sale will also be taxed 30%.

Thank you for the advise.

 

[angcheek]

what's the basis for claiming back tax?

Not on any basis , just trying to understand how "withholding" affects stock investor.

 

[dappermen]

Regd fractional shares, i bought 0.22 shares or lesser than 1 shares , it works alwys , almost instantly once u keyed in

ok for Syfe trade stock mkt pricing, it is not 100% Live pricing!! Checked a few times

 

[init00]

anyone try withdraw USD from Syfe Trade to DBS Multi Currency account? Will incur any fee?

 

[silverbomb]

anyone try withdraw USD from Syfe Trade to DBS Multi Currency account? Will incur any fee?

They are using HSBC so if you transfer to DBS it'll incur. Only HSBC to HSBC won't.

 

[CrashWire]

They are using HSBC so if you transfer to DBS it'll incur. Only HSBC to HSBC won't.

Wah, didn't realise they're using a different bank from Syfe Wealth.

 

[direbmem]

Convert to SGD then transfer ba

 

[dappermen]

Not sure about u , but i trust All should be the same:
Syfe announced- *Pricing applicable for clients who joined in Nov / Dec 2021 and Jan 2022

1-30 Apr : Conte to Enjoy Free 5 trades (if more than 5? 0.99USD per trade )
May 2022 onwds? : 2 Free mthly trades & US1.49 thereafter


& as usual:

• No platform fees

• No custody fees

• No inactivity and withdrawal fees

 

[MoneyHoney]

this is just 2 person with 2 diff opinions talking and there will never be an answer or truth unless syfe eventually reveals (be it successful or not) whether prepost trading affected their eventual business

and since we will never know there's no point continuing this debate..

https://www.syfe.com/magazine/introducing-full-extended-hours-trading/
at least they done something right