As I am new to investing, I’m looking to do DCA in either Kristal.AI or Syfe, any idea how are the charges like monthly? - Seedly
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TY Lim

Asked on 10 May 2020

As I am new to investing, I’m looking to do DCA in either Kristal.AI or Syfe, any idea how are the charges like monthly?

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Asheesh Chanda
Asheesh Chanda, Founder at Kristal.AI
Level 6. Master
Answered on 11 May 2020

Hey TY,

thanks for the query and glad to see Kristal.AI amongst the top platforms in your mind. For the first 50K USD Kristal.ai is completely free and provides US listed ETFs as well as algorithm that can guide you on where to invest. You can choose to follow the Algo or choose your own ETFs based on your risk profile. There is no minimum but the investment amount should be above the ETF price so we can buy at least 1 unit each time. So for e.g if you were to choose QQQ which is our most popular NASDAQ ETF its at close to USD 225 so it would be recommended to keep your account funded to that extent, to account for the purchase to happen successfully.

We always trade at market prices as given by exchange. No commissions, no charges whatsoever till you reach 50K USD - and I hope you do that soon as you get wealthier with us! :) #trustthealgo

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TY Lim
TY Lim

13 May 2020

This is so helpful 👍
Eliezer
Eliezer, Content & Community Lead at Syfe
Level 6. Master
Answered on 11 May 2020

Hey TY! As Andy and Matthew mentioned, the fees are between 0.4% to 0.65% per annum. If you invest $1000, that's $0.54 a month.

What's more, do note that we don't impose a minimum investment amount for all our portfolios. There are no brokerage fees and withdrawal fees as well. Hope this helps!

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TY Lim
TY Lim

13 May 2020

Thank You!