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Syfe Trade Review
Syfe Trade is the brokerage arm of Singapore's Syfe, letting residents trade US, Singapore, and Hong Kong stocks. It is not open to non residents.
Min Deposit
$2
Spreads From
Not applicable, Syfe Trade charges flat commissions instead of a forex style spread
Max Leverage
Not applicable, Syfe Trade does not offer leveraged forex or CFD trading
Platforms
Syfe app, Syfe web platform
Pros
- Regulated in Singapore by the Monetary Authority of Singapore under a real licence
- Client money sits in a segregated account with HSBC, separate from company funds
- Two free US stock trades every month, then a low flat fee after that
- Backed by a larger, well funded group after the 2025 Selfwealth acquisition
Cons
- Only Singapore citizens and permanent residents can open a Syfe Trade account
- Foreigners and other non residents cannot sign up for this specific product
- Some users report slow support after the Selfwealth acquisition in Australia
- Trustpilot has very few reviews, so outside feedback is limited
Dhruv Arora founded Syfe in Singapore, and it launched to the public in 2019. Syfe Pte. Ltd. holds a Capital Markets Services Licence from the Monetary Authority of Singapore. Client money sits in a segregated custodian account with HSBC, separate from the company's own funds.
Syfe Trade is its self directed brokerage service inside the wider Syfe app, which also runs managed portfolios and a cash account called Cash+. You get two free US trades a month, then pay 1.49 US dollars each. Singapore stock trades cost 0.06 percent of the trade value. Only Singapore citizens and permanent residents can open an account.
Syfe expanded into Hong Kong and Australia, and in May 2025 it bought the Australian platform Selfwealth for 65 million Australian dollars. At least one reviewer mentions slow support during that transition. Syfe runs a standing refer a friend program that pays cash once a friend funds their account.
Min. Deposit
USD 2
Max Leverage
Not applicable, Syfe Trade does not offer leveraged forex or CFD trading
Spreads From
Not applicable, Syfe Trade charges flat commissions instead of a forex style spread
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
