Compare the Best uSMART Securities Online Investment Brokerages in Hong Kong 2020

Choose from MoneySmart's curated list of best brokerages in Hong Kong, check all stock trading and commission fees. Learn how to maximise returns in investment.

uSmart Securities Review 2020 - Major Features Uncovered

uSmart is a leading online brokerage firm that is characterized by its AI investment technology and competitive pricing. With one app, you can invest in HK, US stocks, A-shares, ETF, funds, etc. It only takes 3 steps for you to open a trading account. To help you understand uSmart better, MoneySmart has summarised its major features in the table below:

AI Investment

uSmart incorporates AI technology into their platform, providing customers with AI Smart Ranking and Investment Strategy, which enable users to keep up with the market trends and seize trading opportunities.

Wide Range of Financial Products

uSmart provides an array of financial products from HK stocks, US stocks, ETF, funds, warrants, etc. You can also set conditional order and monthly stocks savings plans.

Easy to Fund Your Account

Users can fund their trading accounts by FPS or e-DDA (Electronic Direct Debit Authorisation). With e-DDA, the money can be deposited in as quick as 5 minutes.

Streaming Quotes

Users can follow the market movement closely with streaming quotes and news, allowing users to trade in real-time with no delay.

Low-cost Trading

uSmart offers perpetual commission waiver for US Stock trading and a 90-day commission fee waiver for HK Stock.

Reliable

uSmart is a fully licensed online brokerage firm with SFC type 1, 4 and 9 licenses. The core team is composed of former members of world-renowned technology giants and financial institutions including Goldman Sachs, UBS, Tencent, Alibaba, Microsoft and Yahoo!

uSMART Securities - Pricing Overview

Financial Products	Commission	Platform Fee
HK Stock	HK$12/ transaction (Max: 0.5% of transaction amount)	HK$0
US Stock	US$0	US$0.005/share (Min: US$1.5/ transaction Max: 0.5% of transaction amount)
A Share	0.02% (Min: RMB¥5 /transaction)	RMB¥12/ transaction

uSMART - 4 Steps to Open an Account

The entire process can be completed online with a few simple steps without the need to show up in person. Details are as follows:

Step 1Download uSMART App and register

Download uSmart App from Google Play/ App Store and start the registration process. You can register with a code sent to your phone number or with your Apple ID/Google/ /Facebook/Wechat account.

Step 2Fill in the online application form with the required documents

Fill in the online form with basic information. Upon successful application, you are required to upload proof of identification and proof of residential address.

Step 3Provide information on finance and occupation

Then, you need to provide information on finance and your occupation. You also need to read and agree with the "Client Agreement" and "Risk Disclosure Statement". Once you have submitted the required documents and fill out the information required, your account has been set up.

Step 4Deposits Fund

Upon successful completion of the registration process, you can pay by eDDA or FPS. Once the payment is confirmed, you can start trading.

uSmart Securities- Account Opening Promotion

From now until 31 Aug 2020, new customers can enjoy below welcome offers for opening new accounts:

Successful completion of account opening: $0 platform fee for HK stocks trading, $0 commission fee for US stocks trading, and lifestyle uSMART Rewards including hand sanitizer, BowtieGo outpatient medical annual pass, hket.com subscription benefit, AVO cancer protection 25% off, Conte Medical advance booking for coronavirus COVID-19 RT-PCR Test if the first transaction with the amount over HK$500 within 15 days upon account activation
Successful completion of account opening + Deposit HK$20,000 or above: Two shares of Peijia Medical (09996.HK), One-month professional investment
Upon successful completion of account opening + First transaction with the amount over HK$500 within 30 days upon account activation + Average daily assets between HK$60,000-HK$99,999: 30 days HK real-time LV2 streaming quotation service
Upon successful completion of account opening + First transaction with the amount over HK$500 within 30 days upon account activation + Average daily assets reach HK$100,000: Two shares of Ping An Good Doctor (01833.HK)

uSMART Securities FAQ

What is the requirement for opening a uSmart trading account?: As long as you are 18 years old or above and you are able to provide the required documents, including proof of ID and proof of residential address, you can open a uSmart trading account.
What will happen if uSmart Securities shuts down?: Since uSMART is fully licensed, investors are protected under the Investor Compensation Fund ("ICF"). The limit of the compensation is HK$150,000.
Is there any minimum balance requirement for opening a USmart trading account?: No. There is no minimum deposit requirement. However, if you deposit HK$20,000 or above, you can enjoy two shares of Peijia Medical (09996.HK) and a month of professional investment for free during the promotion period.
How to verify my identity upon successful completion of account opening?: You can deposit at least HK$10,000 to uSmart via your bank account or book an appointment with USmart with all the required documents to verify your identity.