If you are looking to grow your savings in Singapore, two names come up again and again: Syfe and Endowus. Both are MAS-regulated robo advisors that let you invest in diversified portfolios with low minimum amounts — but they are built for slightly different investors.
In this head-to-head comparison, we break down fees, investment options, CPF and SRS access, referral bonuses, and who each platform suits best. Whether you are a first-time investor or looking to optimise your CPF Ordinary Account, this guide will help you decide.
If you have already decided and just want the referral codes, jump straight to our Endowus referral code page or our Syfe referral code page for the latest bonuses.
Table of Contents
Syfe vs Endowus: Quick Overview
Both platforms launched in 2019 and are fully licensed by the Monetary Authority of Singapore. Both let you start investing from as little as $1 in cash, and both offer diversified ETF and fund portfolios designed for long-term wealth building.
| Feature | Syfe | Endowus |
|---|---|---|
| Founded | 2019 | 2019 |
| MAS Regulated | ✅ Yes | ✅ Yes |
| Min. Investment (Cash) | $1 | $1 |
| Min. Investment (CPF) | $1,000 | $1,000 |
| Platform Fee (p.a.) | 0.35% – 0.65% | 0.25% – 0.60% |
| CPF-OA Investing | ❌ No | ✅ Yes |
| CPF-SA / SRS | ✅ SRS only | ✅ Both |
| Monthly Income Option | ✅ Income+ (~6% yield) | ✅ Income (~4–5% yield) |
| Stock Brokerage | ✅ Syfe Trade | ❌ No |
| REIT Portfolio | ✅ REIT+ Portfolio | ❌ Not dedicated |
| Referral Bonus | Fee waiver + cashback | $20 Access Fee credit |
Fee Comparison 2026
Fees are the single biggest driver of long-term returns for robo advisor investors. Here is how Syfe and Endowus stack up on platform access fees in 2026:
| AUM Tier | Syfe Fee (p.a.) | Endowus Fee (p.a.) |
|---|---|---|
| Below $20,000 | 0.65% | 0.60% |
| $20,000 – $100,000 | 0.50% | 0.40% – 0.60% |
| $100,000 – $200,000 | 0.40% | 0.35% – 0.40% |
| Above $200,000 | 0.35% | 0.25% – 0.35% |
Verdict on fees: Endowus has a slight edge at higher AUM levels, especially above $200K where it can drop to 0.25% p.a. Both platforms also charge fund-level expense ratios (the underlying ETF/fund fees), which are separate from the platform fee. Endowus’s Fund Smart portfolios use institutional share classes that rebate trailer fees back to investors — a meaningful advantage for larger portfolios.
For smaller portfolios under $20K, the difference is minimal. At $10,000 invested, a 0.05% fee difference is just $5 a year.
Investment Portfolios
Endowus is built around curated multi-asset portfolios using institutional funds from managers like Dimensional Fund Advisors, PIMCO, and Vanguard. Its four main portfolio families are:
- Flagship Portfolios — globally diversified equity/bond mixes from 100% equity to 100% fixed income
- Cash Smart — low-risk cash management earning ~3–4% p.a. (better than bank savings)
- Income — monthly income-generating portfolio of bonds and dividend assets, targeting ~4–5% yield p.a.
- Fund Smart — curated access to over 300 institutional funds for DIY investors
Syfe takes a more modular approach, letting investors mix and match product types:
- Core Portfolios — risk-based equity/bond mixes similar to Endowus Flagship
- REIT+ — a dedicated Singapore REIT ETF portfolio targeting S-REIT exposure (see our Best S-REITs 2026 guide for REIT benchmarks)
- Income+ — high-income portfolio targeting ~6% yield p.a. paid monthly
- Cash+ Guaranteed — capital-guaranteed cash account with competitive rates
- Syfe Trade — commission-free brokerage for Singapore stocks, REITs, and ETFs
If you want dedicated REIT exposure in a managed portfolio, Syfe REIT+ is the only robo advisor product that offers this in Singapore. Pair it with our Singapore REIT ETF guide for deeper context on the underlying holdings.
CPF & SRS Access — A Key Differentiator
For most Singaporeans, CPF is the single largest pool of savings. Being able to invest CPF funds through a low-cost, well-diversified platform is a huge advantage — and this is where Endowus holds a clear lead.
Endowus is one of the very few platforms in Singapore that allows you to invest CPF Ordinary Account (OA), CPF Special Account (SA), and Supplementary Retirement Scheme (SRS) funds through a single dashboard. This makes it an exceptional tool for CPF optimisation strategies — read our detailed CPF investment strategy guide to see how to maximise your CPF OA returns above the 2.5% floor rate.
Syfe currently supports SRS investing but does not support CPF-OA or CPF-SA investing. If your goal is to put your CPF money to work, Endowus is the better choice for now.
Referral Bonuses & Sign-Up Process
Both platforms offer referral bonuses for new sign-ups. Here is how to claim them through The Kopi Notes:
Endowus Referral Bonus: Sign up using our referral link and get $20 in Endowus Access Fee credit when you invest a qualifying amount. Perfect for offsetting your first year’s platform fee while you get started.
Syfe Referral Bonus: Use our Syfe referral code to get a fee-free period and/or cashback on your initial deposit. Syfe regularly updates its referral promotions — check our referral page for the current offer.
Pros & Cons
Endowus
| Pros | Cons |
|---|---|
| ✅ CPF-OA & CPF-SA investing available | ❌ No dedicated REIT portfolio |
| ✅ Trailer fee rebates on institutional funds | ❌ No brokerage / stock trading |
| ✅ Lower fees at high AUM (0.25% p.a.) | ❌ Fund Smart has a learning curve |
| ✅ Strong fixed income & income portfolio | ❌ Referral bonus smaller than Syfe |
Syfe
| Pros | Cons |
|---|---|
| ✅ Dedicated REIT+ portfolio for S-REIT exposure | ❌ No CPF-OA or CPF-SA investing |
| ✅ Income+ targets ~6% yield p.a. paid monthly | ❌ Slightly higher fees at lower AUM |
| ✅ Syfe Trade: commission-free SG stocks & ETFs | ❌ Fewer institutional fund options vs Endowus |
| ✅ Cash+ Guaranteed for capital preservation | ❌ Broader product range can overwhelm beginners |
How Does StashAway Compare?
If neither Syfe nor Endowus feels quite right, StashAway is the third major robo advisor in Singapore. StashAway uses a proprietary ERAA (Economic Regime-based Asset Allocation) framework that dynamically shifts between economic cycles — a more active approach than Syfe or Endowus.
Its fees range from 0.20% to 0.80% p.a. depending on AUM — cheaper at the top end, more expensive at the bottom. StashAway does not offer CPF investing, and it does not have a dedicated REIT or income+ portfolio comparable to Syfe’s offering.
For most Singapore investors who want CPF access and lower long-term fees, Endowus edges ahead. For those focused on passive income and S-REIT exposure, Syfe wins. See our full Best Robo Advisor Singapore 2026 review for the complete three-way comparison including StashAway fees and returns data.
If you are planning for retirement, plug your numbers into our Singapore retirement calculator to see how much you need to invest each month across these platforms to hit your retirement goal.
Frequently Asked Questions
Is Syfe or Endowus safer?
Can I invest CPF money with Syfe or Endowus?
Which platform has better returns — Syfe or Endowus?
What is the minimum investment for Syfe and Endowus?
Does Syfe or Endowus charge withdrawal fees?
Which is better for passive income — Syfe Income+ or Endowus Income?
Can I use both Syfe and Endowus at the same time?
Verdict: Syfe vs Endowus 2026
Choose Endowus if: you want to invest your CPF-OA or SRS savings, prefer institutional fund quality with trailer-fee rebates, or are building a large portfolio ($200K+) where the lower 0.25% fee matters significantly.
Choose Syfe if: you want a dedicated S-REIT portfolio (REIT+), prioritise high monthly income (Income+ at ~6% yield), or want the flexibility to trade Singapore stocks commission-free via Syfe Trade alongside your managed portfolio.
Use both if: you want to maximise CPF through Endowus while keeping your cash investments in Syfe’s Income+ or REIT+ portfolios. It is a common strategy for Singapore investors building towards retirement.
Claim your sign-up bonuses below — both platforms offer new user promotions that effectively offset your first months of platform fees.