Updated as of 21 July 2025

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Table of Contents

1. Referral Program Overview
2. How to Refer a Friend
3. Reward Tiers & Conditions
4. FAQs
5. Terms & Conditions

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Invite Friends, Get Rewarded

From 21st July 2025 till 31st August 2025, refer your friends to invest with Syfe and both of you can earn exclusive rewards — from cash bonuses and Singapore bank shares to fee waivers!

Here’s how it works:

Note: Your friend must apply your unique referral code before making their first deposit.

Promotion period:

This promotion shall run from 21st July 2024, 16:00 SGT to 31st August 2025, 23:59 SGT.

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How to Refer a Friend

Step 1: Get your referral code
Log in to your Syfe app and find your unique referral code under “Invite Friends” in the menu section.

Step 2: Share it with your friends
Send your code to your friends and ensure they apply the code when they sign up.

Step 3: Earn your reward
Once your friend signs up, completes KYC verification, applies your referral code and funds their account with the qualifying amount, both of you will receive your respective rewards, as long as you meet the eligibility criteria.

Note:

• To qualify for the referral reward, you must have an active Syfe portfolio with at least S$1 invested in the same product category your friend signs up and funds. For example, if your friend invests in Income+ (under Managed Portfolios), but you only have a Brokerage account, you will not be eligible for the reward.
• You’ll only receive rewards based on the first product category your friend funds. However, your friend can enjoy rewards for both product categories (Managed Portfolios and Brokerage) as long as they meet the funding requirements for each.

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Reward Tiers & Eligibility

Reward Tiers

For Managed Portfolios / Cash Management:

First One-Time Deposit	Referrer’s Reward	Referee’s Reward
S$2,000	S$40 cash bonus	6 months of fee waivers
S$5,000		8 months of fee waivers
S$10,000		10 months of fee waivers
S$ 50,000		12 months of fee waivers

Note: Fee waivers are capped at the first S$50,000 of invested funds.

For Brokerage:

First One-Time Deposit	Referrer’s Reward	Referee’s Reward
S$2,000	1 share each of DBS, UOB and OCBC	1 share each of DBS, UOB & OCBC + 3 months of unlimited free trades

Note: The total value of the reward shares is capped at S$120, regardless of prevailing market prices.

Eligibility Requirements

For Referrers:

• Must be an existing Syfe user with an active portfolio (min. S$1 invested) in the relevant product category at the time of the referee’s signup and reward disbursement.
• Will only receive a reward if the referee successfully completes all referral criteria.

For Referees:

• Must be new to Syfe defined as a user that has not registered or funded on Syfe before
• Must apply the referral code before funding and meet the minimum funding requirement within 30 days of applying the referral code.
• Must maintain the required balance for the full holding period:
  • 30 days for Brokerage
  • Entire fee waiver period for Managed Portfolios / Cash Management
• Must complete all steps required under the referral program for rewards to be triggered for both parties.

Note: Referrers will only receive their reward after the referee completes all referral criteria, including applying the code, meeting the funding threshold, and maintaining required balance.

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Frequently Asked Questions

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Terms & Conditions

The Syfe Referral Program (“Promotion”) is organised by Syfe Pte. Ltd. (“Syfe”). By participating in this Promotion, you agree to be bound by these Terms and Conditions, as well as the terms outlined in the client agreement, and to accept Syfe’s decisions regarding all matters related to the Promotion.

1. Promotion Period:
The period to which individuals can register for the Promotion starts on 21 July 2025 at 14:00 PM SGT and ends on 31 August 2025 at 11:59 PM SGT (the “Promotion Period”).

2. Eligibility:

Referrer Eligibility

To qualify as a Referrer, you must:

• Be an existing Syfe client with an active portfolio (minimum S$1 invested) in the relevant product category (Managed Portfolio, Cash Management, or Brokerage);
• Be a legal resident of Singapore;
• Be at least 18 years old at the time of participation;
• Complete all actions outlined in Section 3.

Referee Eligibility

To qualify as a Referee, the referred individual must:

• Be new to Syfe, defined as an individual who has not yet registered for a Syfe account, or has registered but not yet funded any Syfe account;
• Be a legal resident of Singapore;
• Be at least 18 years old at the time of participation;
• Complete all actions outlined in Section 4.

3. Qualifying Action for Referrers

To qualify for the Promotion, an eligible Referrer must:

1. Maintain an active Syfe portfolio (min. S$1 invested) in the same product category that the Referee first funds;
2. Share their unique referral code with the Referee;
3. Be active in the relevant portfolio at the time of reward distribution;
4. Have at least one Referee complete all qualifying criteria listed in Section 4.

Note: Referrers will only receive the Reward if their Referee also meets all conditions, including the funding requirements and holding period.

4. Qualifying Action for Referee:

To qualify for the Reward, a Referee must:

• Sign up for a Syfe Brokerage account and complete the KYC verification process;
• Apply the Referrer’s unique referral code during the Promotion Period;
• Open either, or both, of the following account types and meet the funding requirements:

First One-Time Deposit	Managed Portfolio / Cash Management	Brokerage
S$2,000	6 months of fee waiver	1 share each of DBS, UOB and OCBC + 3 months of unlimited free trades
S$5,000	8 months of fee waiver
S$10,000	10 months of fee waiver
S$50,000	12 months of fee waiver

• Maintain qualifying funds for the entire holding period:
  • Managed Portfolio / Cash Management: Entire fee waiver duration
  • Brokerage: 30 days from the date of initial funding

Note: Only Referees who fulfill all the above steps will qualify for the Reward and only then will their Referrer also be eligible.

5. Funding Period
The Funding Period begins when the Referee successfully applies the referral code during the Promotion Period and ends 30 calendar days later at 23:59 SGT. To be considered “Qualifying Funding”, the Referee’s funds must be received by Syfe within this Funding Period.

6. Grace Period for Promo Code Application
Referees who funded their account but forgot to apply the promo code may do so within 14 calendar days of their initial funding date. Participants who fail to apply the promo code within the 14-day grace period acknowledge that the Reward will not be guaranteed, and any request must be submitted to [email protected] and will be reviewed on a case-by-case basis.

7. Rewards

Referrers and Referees who meet all eligibility and qualifying conditions will receive the following rewards based on the account type funded:

	Managed Portfolio / Cash Management		Brokerage
First One-Time Deposit	Referrer Reward	Referrer Reward	Referrer Reward	Referee Reward
S$2,000	S$40 Cash Bonus	6 months of fee waiver	1 share each of DBS, UOB and OCBC	1 share each of DBS, UOB and OCBC + 3 months of unlimited free trades
S$5,000		8 months of fee waiver
S$10,000		10 months of fee waiver
S$50,000		12 months of fee waiver

(collectively, the “Reward”).

Note:

• Referees may qualify for rewards from both categories, provided minimum funding requirements for each are met within 30 days of referral code application.
• Rewards will only be based on the first product category funded for the Referrer.

Reward Value Cap:

• Fee Waivers – Fee waivers apply only to the first S$50,000 of invested funds in Managed Portfolios and/or Cash Management. Any amount invested beyond this cap will be subject to standard management fees.
• Bank Shares – The total value of the Reward is capped at S$120. If the combined market value of the three shares exceeds S$120, Syfe reserves the right to award fractional shares, or adjust the proportion of shares, such that the total value does not exceed the cap.

The Reward is non-transferable and cannot be exchanged for cash or other benefits. Syfe reserves the right, at its sole discretion and for any reason, to substitute or modify the Reward with another item of equal value without prior notice.

Referrals Limit:

There is no cap on the number of Referees a Referrer can invite. As long as each Referee fulfils all the conditions outlined in these Terms and Conditions, the Referrer will be eligible to receive the Reward for each successful referral.

8. Holding Period

To qualify for the Reward:

• Brokerage: Referees must maintain a minimum of S$2,000 for 30 days from the initial funding date.
• Managed Portfolios / Cash Management: Funds must remain invested for the entire duration of the fee waiver. Withdrawals or transfers that reduce the value below the initial funded amount will result in suspension and clawback of the fee waiver.

Both Referrers and Referees must maintain active accounts in the relevant vertical at the time of reward disbursement.

Market fluctuations do not affect eligibility. Only withdrawals below the required thresholds will disqualify participants.

Syfe reserves the right, at its sole discretion, to disqualify any client it reasonably suspects of fraudulent activity or attempts to game the Promotion, including but not limited to making temporary deposits or withdrawals to meet the minimum balance requirement. In such cases, Syfe may withhold or cancel the Reward and take any other action it deems appropriate.

9. Reward Distribution

Eligible Referrers and Referees will receive their rewards as follows:

Cash Bonus

• The S$40 cash bonus will be automatically credited and invested into the Referrer’s first active portfolio within the same product category (i.e., Managed Portfolio or Cash Management).
• If the Referrer does not have an active portfolio within that category:
  • The bonus will be credited into another active Syfe portfolio, if available.
  • If no eligible portfolios exist (e.g. only SRS or Cash+ Guaranteed portfolios are held), a new Cash+ Flexi portfolio will be automatically created for crediting and investing the bonus.
• The cash bonus will be credited to the Referrer within 30 calendar days of the Referee fulfilling all eligibility requirements.

Fee Waivers

• Fee waivers for Referees will be activated within 2–3 business days from the date that the Referee fulfills all eligibility requirements.
• Any funds invested before the waiver activation date will incur standard management fees.
• To retain the fee waiver, the Referee must maintain their initial investment amount for the entire waiver period.
• Any withdrawal or internal transfer that reduces the portfolio below the initial funded amount will result in immediate suspension and clawback of the waived fees.

Bank Shares

• For Brokerage referrals, 1 share each of DBS, UOB, and OCBC will be credited to the eligible Referrer’s and Referee’s Brokerage accounts.
• Shares will be distributed within 60 calendar days after the end of the Promotion Period (e.g. by 30 October 2025).
• The total value of the shares is capped at S$120. Syfe reserves the right to issue fractional shares or adjust the mix to remain within the cap.

Distribution may be delayed due to operational, technical, or market-related reasons. Syfe does not guarantee that the Reward will be credited within the stipulated time period and shall not be liable for any such delays. 

All reward distributions are subject to eligibility criteria being met, including account activity and holding periods at the time of reward crediting.

10. Promotion Stackability

Unless expressly stated in the terms of other ongoing promotions, this Promotion cannot be combined with any other offers, promotions, or promo codes.

Clients who have already registered for a non-combinable promotion and wish to participate in this Promotion must submit a change request ticket to Syfe’s customer service team at [email protected]. 

All such requests will be reviewed and approved at Syfe’s sole discretion on a case-by-case basis.

11. Currency
All amounts stated are in Singapore Dollars (SGD).

12. Collection of Personal Information
By participating, clients consent to Syfe collecting and using their personal information for this Promotion and marketing purposes, in accordance with Syfe’s Privacy Policy. You may opt out of marketing communication at any time. Any questions regarding Syfe’s Privacy Policy or treatment of your personal information should be directed to [email protected].

13. Limitation of Liability & Release
By participating, clients assume all risk of loss or any other damages that may arise in connection with their participation in the Promotion. Without limiting the foregoing, client hereby:(a) forever releases and discharges Syfe and its parent companies, subsidiaries, affiliates, related and associated entities and employees, directors, officers, suppliers, agents, sponsors and administrators of each (collectively, the “Releasees”), from and against any and all claims, actions, costs, liabilities, judgments, damages, obligations, losses, penalties, and expenses of any kind or nature whatsoever (including legal fees) (collectively, the “Claims”) in any way arising directly or indirectly out of any injury, loss, or damage that Client may suffer as a result of, or in connection with the participation in the Promotion or any promotion-related activity, including the use of the Reward; and (b) indemnifies, defends and holds harmless the Releasees from and against any and all damages, loss and expenses, including legal fees, which may be suffered directly or indirectly by reason of the Client’s own negligence or wilful misconduct during or in connection with the participation in the Promotion.

12. Trademark Disclaimers
“DBS”, “UOB”, and “OCBC” are trademarks and/or registered trademarks of DBS Group Holdings Ltd, United Overseas Bank Ltd, and Oversea-Chinese Banking Corporation Ltd, respectively. All information relating to these companies has been obtained from sources believed to be reliable at the time of publication. However, Syfe makes no representation and gives no warranty as to the accuracy, completeness, or suitability of such information for any particular purpose. 

Any references to DBS, UOB, and OCBC, including their names, logos, or trademarks, are used strictly for identification purposes and do not imply any affiliation, endorsement, or sponsorship by the respective companies. 

Unless expressly stated, the use of third-party names or intellectual property by Syfe does not indicate any relationship, sponsorship, or endorsement between Syfe and the respective trademark owners or their affiliates. All trademarks and intellectual property rights remain the property of their respective owners.

13. Reservation of Rights
Syfe reserves the right to amend, withdraw, or restrict the promotion at any time without notice, including in cases of suspected fraudulent or abusive behaviour, gaming of the system, inappropriate, offensive, or derogatory language or information, or a violation of these terms.  Syfe is the sole arbiter of these rules and any related issues, and may take any action it deems appropriate, including removing promotions.

14. General & Disclaimers
In the event of any inconsistency between these Terms and Conditions and any advertising, promotional, publicity, and other materials relating to or in connection with this promotion, these Terms and Conditions shall prevail.

This content is intended solely to provide general information only and does not constitute an offer, solicitation, or recommendation for the purchase or sale of securities, futures, or any investment products. Investments carry risks, including the risk of losing all of the invested amount. This promotion does not take into account your personal investment objectives, financial situation, or financial needs.Syfe makes no representations or warranties regarding the accuracy or suitability of any information provided. You should carefully consider whether any investment views, products, or services are appropriate given your circumstances, and seek independent financial advice through a financial advisor or the Syfe platform and independent legal, accounting, regulatory, or tax advice, where appropriate and/or necessary.

This content is directed solely at and restricted (as applicable and as appropriate) to individuals resident in or entities having a place of business or operations in Singapore. Syfe makes no representation that the material and information contained herein are appropriate or available for use in other locations/ jurisdictions.

No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of you acting based on this information.

Syfe Pte Ltd. is a digital investment platform licensed by the Monetary Authority of Singapore. Full disclaimers and terms & conditions are available at www.syfe.com.