Digital investment platform Syfe is launching brokerage services in the new year, the first Singaporean FinTech company to offer stockbroking in two decades.
The Singapore-headquartered company has obtained its brokerage licence from the Monetary Authority of Singapore (MAS) and will officially launch Syfe Trade on Jan 17, 2022. This comes less than two years after the company’s launch in July 2019.
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.