After Tiger Brokers and Moomoo (by Futu), here comes another player in the market named uSMART SG. Who are they? Founded in December 2018, uSMART Group, has headquarters in Singapore, Hong Kong, China and New Zealand. They have a global workforce of 400, with more than half in the product and development teams.
Who They Are
uSMART SG is mainly backed by Hong Kong company – Chow Tai Fook Group. Their main business would be in the jewellery line. This is probably a diversification from their original business. The other investors are also well known: BNP Paribas, UBS, Ping An, Yahoo, Tencent and Alibaba. (which is strange for Tencent since they are also backers of another brokerage firm)
Their mission is to
- provide leading smart investment services to global investors, and to maximize investors’ value through monetary, knowledge and positive emotions. (as per on their website)
I shall not talk alot about fees. There are many different types of structures and market that you can find if you trade.
Promotions & Rewards
Okay, enough of all the blabbering. Once it is on the public domain, the key questions is what are the perks available now? I think that they are still new entrants to this and not many people know about them so the initial perk have been relatively decent.
- Once you sign up, the first freebie is a SGD 15 cash voucher will be deposited in the Rewards Center upon account opening (Standard account). To redeem this cash voucher, complete at least three stocks BUY or SELL trades above S$100 within 90 days
- The next promotion is either three shares of BITO, which is the ticker for ProShares Bitcoin Strategy ETF. If cryptocurrency gains traction with the rest of the community and becomes even more mainstream. This ETF would then have the potential for significant capital returns. (NOTE: For this welcome reward voucher, is unlocked by making a first deposit in a SINGLE transfer amounting to at least S$2,000 or its equivalent value. If user picks the BITO share voucher, you will need to maintain SGD2,000 AUM for 30 consecutive days in order to redeem the 3 BITO shares. You can choose the Investment Master Course which is ranked by uSMART as the higher value.
- Last point to note: You will need to head to Rewards Center to redeem these rewards or they will expire and you will get nothing from it.
The return on the SGD 2k investment will be around 5%, almost risk free. Take note of the daily average which has to be SGD 2000 and above for the next 30 days. (If you are using them to trade often)
My referral link
If you are interested to sign up, please do use my referral code uu8b or click on this link here: https://m.usmartsg.com/promo/overseas/regular-activity.html?ICode=uu8b&langType=3#/
Thank you in advance for funding the activity of this blog and deals. It is just a little affiliate marketing/referral fees that I take. This pays for all the marketing activity, IT related fees and any other miscellaneous payments. Thanks again for keeping the lights running here.
If you like what I am sharing or if it resonates with you, do use my referral codes for other services at Referral and Recommendations
The pictures were taken from the uSMART SG website for this article.