{"buttonLabel":"Learn More","productCollection":"online_brokerages","productId":"23","productLink":"https:\/\/m.usmartsg.com\/promo\/overseas\/sg-register.html?langType=3&HCode=nyog57&HBox=1#\/marketing-register","productName":"uSMART"}
{"buttonLabel":"Learn More","productCollection":"online_brokerages","productId":"23","productImage":"\/referral_logos\/sg\/online_brokerages\/uSmart_logo.png","productLink":"https:\/\/m.usmartsg.com\/promo\/overseas\/sg-register.html?langType=3&HCode=nyog57&HBox=1#\/marketing-register","productName":"uSMART"}

uSMART Online Brokerage Review: Perfect for New or Fresh Traders?

With its innovative SMART features, extensive learning affordances, and some of the cheapest commission fee rates for the SG and HK markets, uSMART is the perfect option for new and fresh investors.
PROMO: S$88 cash vouchers and S$720 worth of welcome gifts for new users

uSMART Online Brokerage Review: Perfect for New or Fresh Traders?

With its innovative SMART features, extensive learning affordances, and some of the cheapest commission fee rates for the SG and HK markets, uSMART is the perfect option for new and fresh investors.

4.0/5.0

ValueChampion Rating ValueChampion Icon

Pros

  • Lowest commision fees for SG and HK markets
  • SMART features for convenient trading process
  • Educational features to guide new investors

Cons

  • No desktop application
PROMO: S$88 cash vouchers and S$720 worth of welcome gifts for new users

The latest entrant to the online brokerage scene in Singapore, uSMART utilises an educational approach, in combination with low commission fees, to attract investors. With its intuitive and easy to navigate interface, combined with its specially-curated educational content, uSMART might be a suitable choice for new and inexperienced investors. Experienced traders, however, would benefit the most from the low fees if they choose to forgo the guidance offered by the SMART features of the application.

uSMART Online Brokerage Features & Promotions
Lowest commision fees for SG and HK markets
SMART features for convenient trading process
Specially-curated educational features to guide new investors
Three different accounts for investors to trade with
Promotions:
  • New Standard and Intel users get S$88 worth of cash vouchers and welcome gifts worth up to S$720.
  • Get S$88 cash voucher with a successful friend referral once your friend makes an initial deposit of min. S$2,000.

Table of Contents

What Makes uSMART Online Brokerage Stand Out to Investors

uSMART is an online trading platform that is one of the first in the market to offer an Intelligent Investment experience with its unique SMART features. On uSMART, users can trade within the Singapore, Hong Kong, and American markets, and also engage in US options, while also learning more about investment tips and tricks through the application’s SMART features.

The commission fees for uSMART’s Trader accounts are the lowest rates out there for the Hong Kong and Singapore markets, with the no minimum commission promotion that is offered until 31st December making it all the more attractive.

uSMARTTiger Brokersmoomoo powered by FUTUSaxo (Diamond)
SG Market0.02%0.03%0.03%0.03%
HK Market0.024%0.03%0.03%0.02%
US MarketUSD0.003 per shareUSD0.005 per shareUSD0.0049 per share0.1%

With exceptional learning affordances, an intuitive user interface, and some of the lowest fees in the market, uSMART is one of the best online stock brokers in Singapore – especially for new and inexperienced traders looking for a simple yet effective brokerage.

Investment Opportunities at uSMART

uSMART has 3 account types for you to choose from: Trader, Standard, and Intel. During the sign-up process, you will be given the option to choose between either a Trader or a Standard account, with the key differences between both being the fees, the welcome gifts, and the level of access to the SMART features of the application.

TraderStandardIntel
FeesLowestLowOrdinary
Welcome GiftsNoYesYes
Discover tab
(SMART features)
NoLimited Uses (10)Unlimited
Learning tabYesYesYes
RequirementsOpen a uSMART accountOpen a uSMART accountOpen a uSMART account
Have a net asset ≥ SGD3000
Suitable forExperienced or high frequency tradersGeneral investorsInvestors who enjoy intelligent/SMART services

As its name suggests, the Standard account type would be the most suitable for the average and ordinary user because of its low fees and reasonable access to the SMART features available. Users with Trader accounts, on the other hand, would not be able to access uSMART’s SMART features, but they will be able to enjoy the cheapest fees available.

TraderStandardIntel
Commission FeePlatform FeeCommission FeePlatform FeeCommission FeePlatform Fee
SG Market0.02% x Transaction Amount
No minimum
0.03% x Transaction Amount
No minimum
0.03% x Transaction Amount
No minimum
0.03% x Transaction Amount
No minimum
0.05% x Transaction Amount
No minimum
0.05% x Transaction Amount
No minimum
HK Market0.024% x Transaction Amount
Min. HKD 0.00
HKD 12.000.03% x Transaction Amount
Min. HKD 0.00
HKD 12.000.06% x Transaction Amount
Min. HKD 0.00
HKD 15.00
US MarketUSD 0.003 Per Share
Minimum USD 0.50 Per Order
Maximum 0.50% x Transaction Amount
USD 0.005 Per Share
Minimum USD 1.00 Per Order
Maximum 0.50% x Transaction Amount
USD 0.004 Per Share
Minimum USD 0.88 Per Order
Maximum 0.50% x Transaction Amount
USD 0.005 Per Share
Minimum USD 1.00 Per Order
Maximum 0.50% x Transaction Amount
USD 0.009 Per Share
Minimum USD 1.00 Per Order
Maximum 0.50% x Transaction Amount
USD 0.01 Per Share
Minimum USD 1.88 Per Order
Maximum 0.50% x Transaction Amount

As such, Trader accounts would be the most appealing to frequent and experienced traders who would benefit the most from the low fees while not requiring the guidance offered by the SMART features of the application.

Once the sign-up process has been completed and your account has been opened, users will be given the option of upgrading to an Intel account. The standout feature of Intel accounts is its unlimited access to the application’s SMART features, making it the most suitable option for investors who are especially interested in exploring the curated content that is offered through these features.

However, do take note that the fees charged for Intel accounts are higher than those charged for Standard and Trader accounts. You will also need a minimum net asset of S$3,000 and above to upgrade to an Intel account.

uSMART Smart Features

uSMART’s SMART features are its undoubted selling point, and for good reason. Having to constantly monitor the stock market to ensure that you sell or buy a share at the exact right time and price is one of the most inconvenient aspects of stock trading, but with uSMART, all you need to do is fix your settings according to your preferences, and leave the rest to the application itself.

Currently, uSMART offers 4 main types of preset SMART order strategies: Sell-High, Breakdown-sell, Breakthrough buy, and Buy-Low. uSMART will monitor the stock market, and depending on the order strategy that you choose, it will automatically buy or sell the stock that you’re interested in once the target price that you’ve set has been reached.

usmart smart orders screenshot
Image Source: Screengrab of uSMART App via smallcapasia

For instance, the Sell-High strategy allows you to input a set selling price, and uSMART will automatically place an order once that price has been reached. These innovative features majorly streamline and simplify the trading process.

The Perfect Option for New or Fresh Investors

uSMART’s interface is designed to be intuitive and easy to navigate, making it an extremely user-friendly option if you’re someone who is new to online trading platforms. The clear icons, labels, and infographics throughout the application will guide you through the process with minimal confusion.

usmart user interface screenshot
Image Source: Screengrab of uSMART App via smallcapasia

Additionally, uSMART has also taken extra care to incorporate educational features into its application so as to offer valuable guidance to users about stocks and trading. Standard and Intel users can access these SMART features through the application’s Discover tab, where they can view content such as featured strategies and daily stock picks. The content curated and recommended by these SMART features are all developed inhouse by the uSMART research team, so you can be sure that they will lend a useful helping hand in optimising your trading experience on the application.

uSMART also hosts several other educational features, ranging from chat rooms that allow users to talk to experts, to bite-sized video courses and TikTok-style informational videos. While it’s true that other online brokerages have begun to incorporate such educational features into their platforms, uSMART’s holistic learning affordances are unlike any other. These SMART and educational features make uSMART a standout option for new investors looking to learn the ropes of trading.

Eligibility & Sign-Up Requirements

To sign up for a uSMART account, you just have to download the mobile application and proceed with opening an account. Singapore citizens, PRs, and passholders can sign in using their Singpass accounts, with no additional documents required.

Otherwise, you need to prepare the following documents to open a uSMART account: Identity document or Passport Proof of residential address Tax residency and tax identification number (if any)

Until 31st December 2022, uSMART is allowing users to enjoy no minimum commission amount on their Singapore stock trading transactions. New users with Standard or Intel accounts can also receive S$15 cash vouchers and welcome gifts worth up to S$720, and each successful friend referral can get you S$88 cash vouchers once your friend completes an initial deposit worth S$2,000 and above.

Fiona Ling

Fiona is a full-stack marketer working in the digital sphere for more than six years.
A self-proclaimed foodie and bargain hunter, she wants to bring the best deals and value to the community around the world. When not working on her pet projects, Fiona can be found sipping a coffee while reading a paperbacks or watching mystery thrillers on Netflix and Disney+.