Syfe vs Endowus 2026: Which Robo-Advisor Should You Use in Singapore?
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Syfe and Endowus are the two robo-advisors Singapore investors compare most. Both are MAS-licensed, both build diversified portfolios for you, and both charge a yearly fee of around 0.6% on smaller balances.
The difference is in what they invest in and what money they take. Syfe builds portfolios from low-cost ETFs and adds a brokerage. Endowus uses unit trusts, including cheaper institutional share classes, and is the only one of the two that invests your CPF.
I set the two fee schedules side by side, along with CPF and SRS support, cash management, custody and the sign-up offers. Here is the honest comparison.
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Syfe vs Endowus at a Glance
| Factor | Syfe | Endowus |
|---|---|---|
| Founded | 2017 (launched 2019) | 2017 |
| MAS licence | Capital Markets Services (CMS100837) | Capital Markets Services (CMS 101051) |
| What it invests in | ETFs | Unit trusts, incl. institutional share classes |
| Minimum | None | S$1,000 for cash |
| Fee on cash, under S$50,000 | 0.65% | 0.60% |
| Fee on cash, S$50,000 to S$200,000 | 0.55% | 0.60% |
| Fee on cash, S$250,000 to S$1 million | 0.45% | 0.50% |
| CPF-OA | Not offered | 0.40% flat |
| SRS | Four portfolios, tiered cash rate | 0.40% flat |
| Cash management | Cash+ Flexi, Guaranteed, Enhanced | Cash Smart, 0.15% |
| Trailer fees | Not applicable (ETFs) | 100% rebated |
| Stock trading | US$0 US trades; SGX, HK, London | No |
| Assets | Over S$20 billion (Sep 2026) | Over US$10 billion (Oct 2025) |
| Best for | Cash investors, ETF fans, S$50k to S$200k | CPF and SRS investors |
Syfe fees from its pricing page, “as of 1 January 2026”. Endowus fees from its pricing page, checked 29 October 2026. Both exclude GST where it applies.
Fees: Closer Than You Think
Syfe
Syfe charges by tier, based on your total Syfe assets:
| Tier | Assets | Managed portfolios | Cash+ Flexi (SGD) |
|---|---|---|---|
| Blue | No minimum | 0.65% | 0.15% |
| Black | S$50,000+ | 0.55% | 0.10% |
| Gold | S$250,000+ | 0.45% | 0.10% |
| Platinum | S$1 million+ | 0.35% | 0.10% |
ETF expense ratios are charged inside the funds on top, usually about 0.1% to 0.3% a year for the broad ETFs Syfe uses.
Endowus
Endowus charges an access fee by tier on cash, and a flat fee on CPF and SRS:
| Money | Fee |
|---|---|
| Cash under S$200,000 | 0.60% |
| Cash S$200,000 to S$1 million | 0.50% |
| CPF-OA and SRS portfolios | 0.40% |
| CPF-OA and SRS, single fund | 0.30% |
| Cash Smart (short-term cash) | 0.15% |
Fund managers charge 0.05% to 1% a year inside the fund price. Endowus passes 100% of trailer fees back to you as cashback, and charges no sales charge.
What You Would Pay a Year
| Invested (cash) | Syfe fee | Endowus fee |
|---|---|---|
| S$10,000 | S$65 | S$60 |
| S$50,000 | S$275 | S$300 |
| S$100,000 | S$550 | S$600 |
| S$300,000 | S$1,350 | S$1,500 |
Platform fees only. Add fund or ETF costs on top: ETFs are usually cheaper than unit trusts, though Endowus’s institutional share classes narrow the gap.
The short version: below S$50,000 Endowus is slightly cheaper on the platform fee. From S$50,000 upwards Syfe is cheaper. The gap is S$5 to S$150 a year, so the fee alone rarely decides it.
CPF and SRS: The Biggest Difference
Endowus invests CPF Ordinary Account money under the CPF Investment Scheme, at a flat 0.40% a year. Syfe does not accept CPF at all.
For SRS, Endowus charges a flat 0.40% across its portfolios. Syfe offers four SRS portfolios, including Core Equity100 and Income+, at its normal tiered rate of 0.65% under S$50,000.
If you want to invest your CPF-OA or a sizeable SRS balance, Endowus is the clear pick. Whether CPF should be invested at all is a separate question; our CPF OA invest-or-keep guide covers it.
Portfolios: ETFs vs Unit Trusts
Syfe builds Core portfolios (Equity100, Growth, Balanced, Defensive) from ETFs, plus Income+ for monthly payouts, REIT+ for Singapore REITs, Thematic and Custom portfolios. You can also buy US, SGX, Hong Kong and London-listed shares yourself, with US$0 commission on US trades since September 2026.
Endowus builds Flagship portfolios from unit trusts by managers such as Dimensional and Amundi, plus Income and ESG portfolios. Fund Smart lets you pick your own mix from its fund list. There is no stock trading.
Which is better depends on taste. ETFs are cheaper and transparent. Endowus’s institutional funds give access to managers that retail investors usually can’t buy directly.
Cash Management
Syfe Cash+ has three options: Flexi (money market funds, next-day withdrawal), Guaranteed (fixed rate for a set term, no Syfe fee) and Enhanced (short-duration bonds, which can fall in value).
Endowus Cash Smart puts idle cash into money market and short-term bond funds for 0.15% a year.
Neither is a bank deposit, so SDIC insurance does not apply. Syfe gives more choice, especially Cash+ Guaranteed for a known rate.
Safety
Both hold Capital Markets Services licences from MAS, and both keep your assets separate from their own:
- Syfe: client cash in segregated accounts at DBS and HSBC; investments with regulated custodians, per our Syfe review. Syfe says it passed S$20 billion in assets in September 2026.
- Endowus: assets held in your name with UOB Kay Hian as custodian, and client money at HSBC, per Endowus’s security page. It reported over US$10 billion in client assets in October 2025.
If either company failed, its creditors could not claim your investments. Market losses are a different matter: investments can fall in value on both.
Which Should You Choose?
Choose Syfe if:
- You are investing cash, not CPF.
- You have S$50,000 to S$200,000 or more, where Syfe’s fee is lower.
- You prefer low-cost ETFs.
- You want a robo-advisor, cash account and brokerage in one app.
- You want to start with less than S$1,000.
Choose Endowus if:
- You want to invest your CPF-OA.
- You have a large SRS balance and want the flat 0.40% fee.
- You want institutional unit trusts from managers like Dimensional.
- You want to pick your own funds with Fund Smart.
Or use both
Plenty of investors do: Syfe for cash and US shares, Endowus for CPF and SRS. Our best robo-advisor guide compares StashAway and the others too.
Sign-up offer: new Syfe users who apply a referral code before first funding and fund at least S$2,000 get 6 to 12 months of fee-free managed portfolios and brokerage credit, depending on the amount, in October 2026. The Syfe referral page and Syfe promo page have the current terms.
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Frequently Asked Questions
Is Syfe or Endowus cheaper?
Below S$50,000 of cash, Endowus is slightly cheaper (0.60% vs 0.65%). From S$50,000 to S$1 million, Syfe is cheaper (0.55% then 0.45%, vs 0.60% then 0.50%). Fund costs are extra on both, and ETFs are usually cheaper than unit trusts.
Can I invest CPF with Syfe?
No. Syfe does not accept CPF. Endowus invests CPF Ordinary Account money at a flat 0.40% a year.
Which is better for SRS?
Endowus, for most people. It charges a flat 0.40% on SRS, while Syfe charges its normal tiered fee (0.65% under S$50,000) on four SRS portfolios.
Are Syfe and Endowus safe?
Both hold Capital Markets Services licences from MAS and keep client assets separate from their own. Syfe uses DBS, HSBC and regulated custodians; Endowus uses UOB Kay Hian and HSBC. Neither is SDIC-insured, and investments can lose value.
What is the minimum to start?
Syfe has no minimum. Endowus needs S$1,000 for cash investments.
Can I use both?
Yes. A common setup is Syfe for cash and US shares, and Endowus for CPF and SRS.
Final Verdict
Syfe wins for cash investors, especially from S$50,000. Endowus wins for CPF and SRS.
The platform fees are within 0.05% to 0.15% of each other, so choose on what you are investing. Cash and a liking for ETFs point to Syfe, which also gives you Cash+ and a brokerage in the same app. CPF or a large SRS balance points to Endowus.
If you have both kinds of money, use both.
→ Start with Syfe through the referral code
Syfe, Endowus or both: which do you use, and for what? Tell me in the comments.
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