Syfe Trade

[reddevil0728]

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..

yea for sure. am just challenging your POV

 

[Ahboy069]

Update:
1. Deposit 1110 by 13/1 and 1st trade/2nd trade done by 14/1 after receiving 1st $30
2. Receive 2nd $30 on 17/1
3. Buy/sell again on 18/1
4. Receive 1160 after these trades
5. Cash out back to bank
6. Realise 50 profit
7. So this really works!

 

[dappermen]

 

[ekardo]

Update:
1. Deposit 1110 by 13/1 and 1st trade/2nd trade done by 14/1 after receiving 1st $30
2. Receive 2nd $30 on 17/1
3. Buy/sell again on 18/1
4. Receive 1160 after these trades
5. Cash out back to bank
6. Realise 50 profit
7. So this really works!

did you managed to cash out all? cos I couldn't trade to the last dollar in my buying power..

 

[Ahboy069]

did you managed to cash out all? cos I couldn't trade to the last dollar in my buying power..

Cash out all profit is 50 instead of 60 cause my trades all went red n some loss in fx too but nvm still gain 4.5%

 

[init00]

Hi,

Regarding the cash credit given by Syfe, I have confirmed with Syfe Trade live agent that cash credit will behave like oil on top of water in a water dispenser...U will need to expense all ur funds first before u can 'touch' the cash credit credited by Syfe. expense = trade in stock market.

If before u manage to spend that USD22 (SGD30 cash credit), u inject further funds in, ur funds will again be the first to be used.

so whoever said that u need to "all-in" ur funds in syfe trade and den subsequently sell all ur stocks and receive USD back is right...this is the only way to "earn" that SGD30+30...

EDIT: You can also withdraw all ur funds first then just use ur cash credit solely to buy a stock…after that sell it and that cash credit would have converted to ur funds too..

So the flow is:

1) Deposit $1000, get $30 cash credit
2) Withdraw $1000
3) Use the $30 cash credit to buy fractional share, get another $30 cash credit
4) Sell all the share
5) Withdraw all the fund to bank account
6) Use the another $30 cash credit to buy fractional share again
7) Sell all the share
8) Withdraw all the fund to bank account

is that right?

 

[ekardo]

So the flow is:

1) Deposit $1000, get $30 cash credit
2) Withdraw $1000
3) Use the $30 cash credit to buy fractional share, get another $30 cash credit
4) Sell all the share
5) Withdraw all the fund to bank account
6) Use the another $30 cash credit to buy fractional share again
7) Sell all the share
8) Withdraw all the fund to bank account

is that right?

looks ok...but not sure how much you can buy with $30..

 

[MoneyHoney]

So the flow is:

1) Deposit $1000, get $30 cash credit
2) Withdraw $1000
3) Use the $30 cash credit to buy fractional share, get another $30 cash credit
4) Sell all the share
5) Withdraw all the fund to bank account
6) Use the another $30 cash credit to buy fractional share again
7) Sell all the share
8) Withdraw all the fund to bank account

is that right?

i would think this would work yes... but so far i haven't tried trading fractional shares before yet...

 

[bombshell]

Sounds like a good option to convert their robo portfolio to DIY and save on the management fees.
Since its fractional trading, can essentially mimic the same allocations down to the cent.

 

[Ahboy069]

looks ok...but not sure how much you can buy with $30..

No scare la I buy with 1030 to be safe

 

[MoneyHoney]

Sounds like a good option to convert their robo portfolio to DIY and save on the management fees.
Since its fractional trading, can essentially mimic the same allocations down to the cent.

but the robos are also not buying individual stocks/doing stock picking on their own... they are buying other blackrock/allianz/vanguard funds and these funds are actually the ones eating into one's profits...

 

[bombshell]

but the robos are also not buying individual stocks/doing stock picking on their own... they are buying other blackrock/allianz/vanguard funds and these funds are actually the ones eating into one's profits...

Sfye is ETFs. So if you DIY u only pay the ETF fees but you save on the robo fees.

 

[sohguanh]

Sfye is ETFs. So if you DIY u only pay the ETF fees but you save on the robo fees.

if DIY ETF the upfront capital can be a lot depending on which counter minimum lot size in the respective stock exchange. using robo you put in capital $100 it buy $100 worth of ETF shares possibly fractional shares but then you pay robo fees. so either approach got pro and con. upfront capital is important in all investment isn't it? not talking about those using margins, CFD etc though.

 

[bombshell]

if DIY ETF the upfront capital can be a lot depending on which counter minimum lot size in the respective stock exchange. using robo you put in capital $100 it buy $100 worth of ETF shares possibly fractional shares but then you pay robo fees. so either approach got pro and con. upfront capital is important in all investment isn't it? not talking about those using margins, CFD etc though.

Hence you are in this thread called Syfe Trade, which allows u to do fractional trading. This eliminates the problem of high upfront capital for DIY ETF investing.

 

[MoneyHoney]

if DIY ETF the upfront capital can be a lot depending on which counter minimum lot size in the respective stock exchange. using robo you put in capital $100 it buy $100 worth of ETF shares possibly fractional shares but then you pay robo fees. so either approach got pro and con. upfront capital is important in all investment isn't it? not talking about those using margins, CFD etc though.

unless u want to buy all the stocks in the etf basket… it is possible to buy individual company shares in fraction

 

[platee]

Their prices not live one leh, got delay.

 

[sansanjikikut]

Any upcoming good referral for syfe trade?

 

[ekardo]

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..

 

[reddevil0728]

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..

where's dappermen when you need the commentary about live pricing?

 

[sansanjikikut]

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..

Thanks for sharing. So syfe trade fails on execution as expected from a new platform dangling carrots