Endowus vs Syfe vs FSMOne 2026: Full Platform Comparison for Singapore Investors

Updated June 2026 · 8 min read

Endowus, Syfe, and FSMOne are Singapore’s three most popular investment platforms in 2026 — but they serve very different investors. Endowus wins for CPF and SRS passive investing (0.25–0.60% p.a., 300+ funds), Syfe excels for goal-based cash investing with its REIT+ and Income+ portfolios, while FSMOne suits active traders who want direct access to S-REITs, ETFs, and stocks through a CDP-linked account at S$10 minimum per trade. This guide shows you exactly which platform fits your situation — including referral codes to claim your welcome bonuses today.

Not financial advice. All figures are for educational reference only. Data as at June 2026 unless noted.

Table of Contents

1. Quick Comparison: Endowus vs Syfe vs FSMOne at a Glance

Choosing the right investment platform in Singapore matters — fees compound just as returns do. A 0.40% annual fee difference on a S$100,000 portfolio costs you S$400 per year, or over S$5,000 over a decade. Here is the top-line comparison:

Source: Endowus, Syfe, FSMOne official platforms, June 2026. Fees exclude underlying fund expense ratios.

2. Endowus 2026: Best for CPF & SRS Investing

Endowus is Singapore’s only robo-advisor MAS-licensed to manage CPF OA and SA funds in addition to SRS and cash. This makes it the default choice for any investor who wants to put their idle CPF OA balance (earning 2.50% p.a.) to work in diversified global funds.

How Endowus works: You connect your CPF or SRS account, pick a portfolio (Core Equity, ESG, Income, or a custom fund shelf), and Endowus manages the allocation and rebalancing. Funds are held in your name via a nominee structure — not on CDP.

Key facts as at June 2026:

• Access fee: 0.25–0.60% p.a. (decreases as AUM grows; waived on first S$10,000 for new signups via referral)
• Underlying fund expense ratios (TER): 0.10–0.80% p.a. depending on the fund
• Fund shelf: 300+ funds including Dimensional, Vanguard, PIMCO, Amundi, Franklin Templeton
• CPF OA eligible: yes — any CPF-IS approved funds
• SRS eligible: yes — full fund shelf accessible
• Minimum: S$0 for CPF/SRS top-ups; S$1 for cash

Who should use Endowus: Investors aged 25–55 who want their CPF OA to earn more than 2.5% p.a. through a diversified global portfolio, or anyone maximising their SRS tax deduction each year (S$15,300 for employees). A Singapore investor putting S$50,000 of CPF OA into Endowus’s Core Equity 100% portfolio (net ~7–9% long-run return vs 2.5% CPF OA) could accumulate an additional S$100,000+ over 20 years.

Use the Endowus referral code 2V343 when signing up to receive S$20 in fee credits on your first investment.

3. Syfe 2026: Best for Goal-Based Cash & SRS Portfolios

Syfe is Singapore’s most user-friendly goal-based robo-advisor. Its key advantage is five distinct portfolio types that map directly to common investor goals — from equity growth to REIT income to capital preservation. Unlike Endowus, Syfe does not support CPF OA investing, but it does support SRS and is the cleaner UX for cash-only investors.

Syfe’s five portfolio types (June 2026):

• Core Portfolios (Core Equity100, Core Growth, Core Balanced) — diversified global equity/bond mix; 0.35–0.65% p.a.
• REIT+ Portfolio — tracks the iEdge S-REIT Leaders Index, currently ~5.8% trailing yield; 0.65% p.a. for <S$20,000
• Income+ Portfolio — bond-heavy income portfolio, targets ~4–5% p.a. distribution; 0.35% p.a.
• Cash+ Portfolio — near-cash money market fund, currently yielding ~3.7% p.a. with daily liquidity
• Select Portfolios — thematic ETFs (tech, healthcare, global dividend)

Syfe’s REIT+ portfolio is the most popular way for retail investors to get broad S-REIT exposure without picking individual stocks. Combined with the Syfe referral code SRPRFFFCD, new investors can claim up to S$50 in bonus cash on their first deposit.

For a deep comparison of just these two platforms, see our Syfe vs Endowus 2026 head-to-head.

4. FSMOne 2026: Best for Active Traders & CDP Ownership

FSMOne (Fundsupermart) is a CDP-linked broker — one of the cheapest in Singapore for direct stock and REIT purchases. Unlike Endowus and Syfe which hold assets in a nominee/custodian account, FSMOne buys directly into your SGX CDP account. This means you appear directly on the REIT’s register, receive proxy voting rights, and are protected even if FSMOne were to cease operations.

FSMOne key fees (June 2026):

Source: FSMOne Singapore fee schedule as at June 2026.

FSMOne is the go-to platform for investors who buy individual S-REITs and want to accumulate units over time. Our FSMOne referral code P0544985 unlocks a cash rebate for new account holders. Unlike Endowus and Syfe, FSMOne does not charge an annual platform fee — but you pay S$10 minimum per trade, making it less suited for small monthly DCA amounts.

5. Fee Comparison: Which Platform Is Cheapest?

The true cost of each platform depends on your portfolio size and how often you trade. Here is a real-money breakdown at three portfolio sizes:

Note: Endowus cost based on its tiered fee schedule. Syfe at flat 0.35% for >S$100k. FSMOne assumes 12 trades per year at 0.08% — actual cost varies with trade frequency and size. Source: Platform fee schedules, June 2026.

Key insight: For portfolios under S$20,000, Endowus and Syfe are similarly priced. Above S$50,000, FSMOne becomes significantly cheaper per year — provided you are a buy-and-hold investor who trades infrequently. For active traders making 50+ trades per year, FSMOne costs can stack up quickly.

6. CPF & SRS: Which Platforms Support It?

CPF and SRS investing is one of the most powerful tax-optimisation levers for Singapore residents. Here is a quick summary:

CPF Ordinary Account (OA): Earns 2.50% p.a. guaranteed. If you invest through Endowus or FSMOne (via CPFIS-OA), you can potentially earn higher long-term returns in diversified global funds or S-REITs. Syfe does not support CPF OA investing.

CPF Special Account (SA): Earns 4.00% p.a. — significantly higher. Endowus and FSMOne both support SA investing via CPFIS, but given the high guaranteed rate, many investors prefer to leave SA untouched. Use our Singapore retirement calculator to model whether CPFIS-SA investing makes sense for your specific situation.

SRS (Supplementary Retirement Scheme): All three platforms support SRS. The annual SRS contribution limit is S$15,300 for Singapore citizens/PRs and S$35,700 for foreigners. Contributions reduce your taxable income dollar-for-dollar — a top marginal tax rate of 22% means a S$15,300 SRS contribution saves S$3,366 in tax that year. Endowus, Syfe, and FSMOne all allow you to invest your SRS balance in their respective product ranges.

For a full CPF investment strategy guide, see our CPF investment strategy article.

7. Who Should Use What? Decision Framework

Source: TKN analysis based on platform fee schedules and product offerings, June 2026.

Many Singapore investors use all three platforms: Endowus for CPF/SRS, Syfe for a S-REIT income sleeve, and FSMOne to accumulate individual S-REITs. This layered approach optimises for tax efficiency, income, and direct ownership simultaneously. For further reading on building a passive income Singapore portfolio, see our comprehensive guide.

8. Referral Codes & Welcome Bonuses (June 2026)

All three platforms offer welcome bonuses for new sign-ups. Here is a summary of the current offers:

Offers are subject to change. Always verify current terms on the respective platform before signing up. TKN may receive referral commissions from these links.

Frequently Asked Questions

Not financial advice. All platform fees and product offerings are subject to change. Always verify directly with the platforms before investing. TKN may receive referral commissions which help keep this content free. Data as at June 2026.