After the end of 1Q2022, Syfe will offer two free trades per month and charge US$1.49 per trade thereafter, says Syfe’s partner and VP of distribution Sebastian Sieber in response to queries from The Edge Singapore.
Some 10,000 users have signed up to be in the waitlist for Syfe Trade a day into its unveiling, says the digital investment platform on Instagram.
Syfe Trade will officially launch on Jan 17, 2022, making Syfe the first Singaporean FinTech company to offer stockbroking in two decades. Users can now join the waitlist to gain early access to the platform, with an introductory offer of five commission-free trades per month. Thereafter, Syfe will charge a flat fee of 99 US cents per trade.
