- Syfe Trade is now available for all, to start fractional trading for free in three easy steps – Download, Fund and Trade
- As part of its launch promotion, Syfe Trade users can earn more than S$200 cash credit to buy any stocks of choice
Singapore, 20 January 2022 – Syfe, a digital investment platform headquartered in Singapore, officially launches its brokerage offering – Syfe Trade. Syfe Trade is Singapore’s first neobroker offering fractional investing, free trades, a simplified user experience, and access to real-time market data and analysis. Starting today, the platform will be available for all to start trading in three easy steps – Download, Fund and Trade. Syfe, which was licensed by the MAS in 2019 for fund management, has now been granted a license for its new brokerage offering.
Syfe Trade soft-launched in December 2021, with a waitlist for people to indicate their interest in gaining early access to the platform ahead of its official launch. Since then, Syfe has gradually enabled access to over 30,000 users to start trading.
“The strong number of sign-ups at the point of our official launch is extremely encouraging. So far, we have received very positive feedback from our users on our easy-to-use platform, fractional trading as well as free trades every month. We are glad that investors in Singapore appreciate and understand our offering as we continue to leverage technology to democratise investing, and bring smart, affordable and intuitive financial solutions to everyone,” said Dhruv Arora, Founder and CEO of Syfe.
With the addition of Syfe Trade, Syfe is now the one platform where investors can access all their investing needs through a holistic suite of products, including fully-managed portfolios and direct access to stocks and ETFs in global markets.
Start trading in three easy steps – Download, Fund, Trade
New users can start trading over 10,000 US stocks and ETFs on the platform by downloading the app, completing a KYC verification and an investment knowledge assessment. After which, funding the account is a simple 3 – 5 minutes process via Singpass and trading can commence. Existing users follow the same process via their existing app, after switching to Syfe Trade from the Syfe Wealth platform.
Introductory Offer and Promotions
From now till 31 March, Syfe is offering five free trades per month, and a low fee of US$0.99 thereafter. After the offer period ends, investors will continue to enjoy all-time access to free trades every month, and competitive pricing of US$1.49 per trade thereafter.
To celebrate its launch, Syfe will be offering a S$30 cash credit for each of the following steps, which can be used to buy any stocks of their choice. 1) Deposit at least S$1000 into the account; 2) make first trade and 3) refer new users (unlimited). Users can easily earn more than S$200 by completing these three steps and referring 5 people to the platform.
Syfe’s existing wealth management offering will be renamed to Syfe Wealth, and continue to offer automated personalised portfolios for investors looking to grow their wealth for the long-term. Syfe Wealth and Syfe Trade are services offered by Syfe which is licensed by the MAS under a Capital Markets Services (CMS) License (CMS License No: CMS100837) for conducting fund management activities and dealing in capital market products.
Syfe is a Singapore-headquartered digital investment platform that is made for individuals across Asia. Launched in 2019, Syfe believes investing should be accessible to everyone, and its mission is to enable smart, affordable and intuitive financial solutions, powered by technology.
Syfe is the one platform for all one’s investing needs, offering a holistic suite of products, including fully-managed portfolios and direct access to stocks and ETFs in global markets.
Syfe Wealth offers smart, curated and personalised portfolios for long term wealth building. Syfe Wealth leverages proven investment strategies and partners with leading financial institutions to construct portfolios based on one’s life stage, financial goals and personal beliefs. Users are able to build these portfolios through Syfe’s holistic suite of products, and get advice by speaking to wealth experts. The platform has no minimum investment amounts and maintains a low annual fee, starting at 0.35 percent per annum of the total amount invested.
Syfe Trade is a neobroker with access to stocks and ETFs in global markets. Offering fractional investing, now investors can easily buy into the world’s biggest companies starting from as little as $1, enjoy free trades on an easy platform with real time market data and analysis. All funds are safe with Syfe Trade. Every investor is protected by SIPC of up to US$500,000 for their investments.
For more information on Syfe, please visit: www.syfe.com
Claire Yong, Syfe