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    uSMART Securities Review

    uSMART Securities Review

    All Posts » Start Investing
    Last updated: Nov 6, 2020•  5 min read

    語言: 廣東話

    Table of ContentsTable of Contents
    HK Market
    US Market
    Robo Advisors
    Futubull
    Other Fee
    N/A
    Avg. Trade Cost
    HKD 15
    Welcome Offer: Enjoy up to HK$1,900 welcome offer Register a new account through Planto and receive an exclusive HKD 200 cash coupon (directly deposited into Futu account) Open an account, deposit HK$10,000, and complete specific requirements can get 1 out of 2 rewards: First level gift (1 out of 2): - Deposit a total of HK$10,000 or above into the Futu HK account.Maintain 60 days daily average asset* of HK$10,000 or above. 1) Alibaba (NYSE:BABA) - 1 share or 2) HK$400 e-supermarket gift certificate Second level gift:: - Deposit a total of HK$80,000 or above into the Futu HK account by 15:00 29th February 2024. Maintain 60 days daily average asset* of HK$80,000 or above. Google (NASDAQ: GOOGL) – 1 share The first reward and the second reward can be stacked. As of the closing price on December 19, 2023, Alibaba (NYSE:BABA) stock price was US$74.390/share. As of the closing price on December 18, 2023, Google (NASDAQ: GOOGL) stock price was US$137.19/share. Asset calculation method: Sum of the everyday assets/60 days; Including Cash/ Stocks/ Funds/ Options/ Futures Investment involves risks. The fund price may move up or down. Investor should thoroughly study the funds' offering documents and other related documents (including risk disclosure statements).
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    Futubull
    Other Fee
    N/A
    Avg. Trade Cost
    HKD 15.5
    Welcome Offer: Enjoy up to HK$1,900 welcome offer Register a new account through Planto and receive an exclusive HKD 200 cash coupon (directly deposited into Futu account) Open an account, deposit HK$10,000, and complete specific requirements can get 1 out of 2 rewards: First level gift (1 out of 2): - Deposit a total of HK$10,000 or above into the Futu HK account.Maintain 60 days daily average asset* of HK$10,000 or above. 1) Alibaba (NYSE:BABA) - 1 share or 2) HK$400 e-supermarket gift certificate Second level gift:: - Deposit a total of HK$80,000 or above into the Futu HK account by 15:00 29th February 2024. Maintain 60 days daily average asset* of HK$80,000 or above. Google (NASDAQ: GOOGL) – 1 share The first reward and the second reward can be stacked. As of the closing price on December 19, 2023, Alibaba (NYSE:BABA) stock price was US$74.390/share. As of the closing price on December 18, 2023, Google (NASDAQ: GOOGL) stock price was US$137.19/share. Asset calculation method: Sum of the everyday assets/60 days; Including Cash/ Stocks/ Funds/ Options/ Futures Investment involves risks. The fund price may move up or down. Investor should thoroughly study the funds' offering documents and other related documents (including risk disclosure statements).
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    LONGBRIDGE
    Other Fee
    N/A
    Avg. Trade Cost
    HKD 15
    Welcome Offer: On or before 29 February 2024, apply via Planto, successfully open an account and deposit HK$10,000 to receive up to HK$1,900 worth of rewards: - Planto exclusive HK$200 supermarket coupon - Choose from one of the below 4 offers: 1) HK$400 cash coupons (retain assets for 60 days) 2) Total worth of HK$800 stocks cash coupon 3) Total worth of HK$1,400 6-month LV2 Hong Kong stocks quotes (retain assets for 4 months) 4) Total worth of HK$1,700 US stocks options offer pack (US$160 option cash coupon + 4-month LV1 US stock quotes) - HK Lv1 live stocks quote upon successful registration - Life-time free commission on US and Hong Kong stocks upon successful registration - Selected money market funds of up to 5.66% 7-day annualised rate of return upon successful registration - 0 handling fee for Hong Kong IPO Terms and conditions
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    LONGBRIDGE
    Other Fee
    N/A
    Avg. Trade Cost
    HKD 8
    Welcome Offer: On or before 29 February 2024, apply via Planto, successfully open an account and deposit HK$10,000 to receive up to HK$1,900 worth of rewards: - Planto exclusive HK$200 supermarket coupon - Choose from one of the below 4 offers: 1) HK$400 cash coupons (retain assets for 60 days) 2) Total worth of HK$800 stocks cash coupon 3) Total worth of HK$1,400 6-month LV2 Hong Kong stocks quotes (retain assets for 4 months) 4) Total worth of HK$1,700 US stocks options offer pack (US$160 option cash coupon + 4-month LV1 US stock quotes) - HK Lv1 live stocks quote upon successful registration - Life-time free commission on US and Hong Kong stocks upon successful registration - Selected money market funds of up to 5.66% 7-day annualised rate of return upon successful registration - 0 handling fee for Hong Kong IPO Terms and conditions
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    Tiger Brokers
    Other Fee
    0
    Avg. Trade Cost
    HKD 0
    Welcome Offer: Successfully open an account through Planto’s exclusive link then complete certain tasks from Jan 18th to Feb 18th 2024 to enjoy up to HK$1,720 worth of reward: - Exclusive HK$400 supermarket vouchers from Planto after depositing HK$10,000 , plus: 1. Commission-Free Rewards - Permanent 0 commission for Hong Kong stock trading - 0 platform fee for Hong Kong stock trading - 0 commission for US stock options trading - US Stock Options Real-time Quotes - NYSE Arca Level 2 Deep Quote streaming for US stocks - 3 months of HK Stock Lv1 Real-time Streaming Quote 2. . Tiger Vault 6.6% opening reward; claim rewards up to HK$1,320 New clients buy any fund, including Tiger Vault and other public funds, and enjoy a 6.6% account opening reward*. Funds credited to your account within 60 days! Note: The reward amount is determined as 6.6% of the initial purchase amount. Total earnings=the actual returns from the held funds + the reward amount. Tiger Vault is an exclusive solution for Tiger Brokers' clients to manage their idle cash, to invest in "money market funds" with stable returns, low risk, and high liquidity. MMF average return 4.73%^. ^The average return is calculated by taking the average of the 7-day annualized return (since its inception to 29/12/2023) of each USD MMF (ISIN:HK0000862265;HK0000862273;HK0000934320) that has been in existence for more than 6 months within Tiger Vault. It is based on the past performance of these USD MMFs in the 7-day period and does not represent actual one-year returns. The assumptions involved in the calculation of the 7-day annualized returns and the average return are hypothetical. Historical performance of each MMF was listed in 5.6 of the T&C. *The campaign is subject to terms and conditions. The reward applies to funds in Tiger Vault and Tiger Trade. Investment involves risk. For details, please refer to T&Cs.Commission free rewards valid within promotion period and subject toT&Cs.
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    Webull
    Other Fee
    N/A
    Avg. Trade Cost
    HKD 10
    Welcome Offer: During the promotion period, new customers who apply via Planto, successfully open a Webull account, and complete some simple tasks can enjoy rewards valued up to HK$1,000: - Successfully open an account, deposit HK$10,000, and retain it for 60 days to receive a HK$1,000 supermarket voucher. (Complete Planto reward redemption to receive the offer) Terms and conditions apply.
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    Webull
    Other Fee
    N/A
    Avg. Trade Cost
    HKD 0
    Welcome Offer: During the promotion period, new customers who apply via Planto, successfully open a Webull account, and complete some simple tasks can enjoy rewards valued up to HK$1,000: - Successfully open an account, deposit HK$10,000, and retain it for 60 days to receive a HK$1,000 supermarket voucher. (Complete Planto reward redemption to receive the offer) Terms and conditions apply.
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    uSMART Securities
    Other Fee
    N/A
    Avg. Trade Cost
    HKD 8
    Welcome Offer: February special offer, Open an account with uSmart to earn: • 2024 promotion : US$1.5 transaction fee per trade for US stock, 0 commission and platform fee for HK stock • Real-time streaming quotation for HK stocks (Terms and conditions apply)• Lifetime free U.S. stock commission (only for standard accounts) • HK$20 cash coupons X8 #For HK stocks, you can enjoy 0 commission and platform fee by trading the designated 16 ETF. For US stocks, you can enjoy US$1.5 transaction fee per trade when the value of each trading of main board stocks equals or higher than US$100.
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    uSMART Securities
    Other Fee
    N/A
    Avg. Trade Cost
    0.03%(min. HKD 12)
    Welcome Offer: February special offer, Open an account with uSmart to earn: • 2024 promotion : US$1.5 transaction fee per trade for US stock, 0 commission and platform fee for HK stock • Real-time streaming quotation for HK stocks (Terms and conditions apply)• Lifetime free U.S. stock commission (only for standard accounts) • HK$20 cash coupons X8 #For HK stocks, you can enjoy 0 commission and platform fee by trading the designated 16 ETF. For US stocks, you can enjoy US$1.5 transaction fee per trade when the value of each trading of main board stocks equals or higher than US$100.
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    Saxo Hong Kong
    Other Fee
    N/A
    Avg. Trade Cost
    0.05%
    (min. HKD 18)
    Welcome Offer: Enjoy up to 4.27%* on cash deposits amount US$10,000 or higher *the interest rate figure is for reference, it could change with the market condition
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    Saxo Hong Kong
    Other Fee
    N/A
    Avg. Trade Cost
    From HKD 0.039 / share
    (min. from HKD 23)
    Welcome Offer: Enjoy up to 4.27%* on cash deposits amount US$10,000 or higher *the interest rate figure is for reference, it could change with the market condition
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    Syfe
    Account Funding Requirements
    HKD 10,000
    Fees
    0.35%-0.65% AUM
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    Stashaway
    Account Funding Requirements
    HKD 10,000
    Fees
    0.2%-0.8% AUM
    Welcome Offer: New customers who successfully open a StashAway account via Planto’s link can enjoy 3 months of free management for up to HK$50,000.
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    Aqumon
    Account Funding Requirements
    HKD 10,000
    Fees
    0.5%-0.8% AUM
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    In recent years, there are more investment brokers launching in Hong Kong which is fantastic for consumers! Many of them have made investing very cheap, offer powerful stock research tools and help you invest smarter. uSMART Securities has done all of the above – it helps you invest in HK and US stocks with extremely low fees, uses big data to analyze stocks and gives strategies to follow. On top of that, the app is simple to use and easy to get started with.

    What’s great about uSMART?

    • Lowest trading fees in the market for HK and US stocks
    • Monthly investment plan available
    • Fund platform where you can buy equity, bond or money market funds with ease
    • AI-based stock screening tool
    • Easy account opening (3 minutes to get started!)
    • Simple app user interface
    • IPO stock subscription available
    • Licensed by the SFC for Type 1, 4 and 9 (your investments are protected!)

    Opening uSMART Account in 3 Minutes

    Opening a uSMART securities account is simple:

    1. Download the app and receive a verification code via SMS; (or log in with your Facebook or Google account)
    2. Use your phone to take pictures and upload your ID card and address proof
    3. Fill in some basic information such as name, contact, financial status, etc.
    4. Deposit funds and start investing

    Deposit

    1. Support eDDA instant deposit (HSBC, Hang Seng Bank, Bank of China, DBS Bank, Bank of Communication, Chong Hing Bank, China Merchants Bank, CITIC Bank, China Minsheng Bank, Wing Lung Bank)
    2. FPS
    3. Bank account transfer

    Pricing plans for HK stocks

    uSMART securities offers two plans for HK stocks:

    1. Pay a commission: This means that you will pay 0.03% (if your account balance is more than HKD 100,000) or 0.05% (if your account balance is less than HKD 100,000) of the transaction as a commission and $0 as platform fees. In essence, this means if your account balance is $150,000 and you buy a few lots of HK shares worth $50,000, you would have to pay 15 HKD in fees.
    2. Pay a platform fee: This is more straightforward – you pay a flat HKD 12 per transaction.

    Which one you choose depends on your trading habits – if you buy in large transactions, the platform fee makes more sense. If your transactions are smaller, then the commission plan might be more suitable.

    Pricing plan for US stocks

    For US stocks, uSMART offers zero-commission plans. You just have to pay a flat USD 1 (~HKD 7.8) as a platform fee which is one of the lowest in Hong Kong. It’s simple and ideal for starting to invest in the US!

    Tools and Research

    On top of having really low fees, uSMART also provides you with stock research functionality that can be quite powerful. The key features are:

    1. Smart Advisor: This is an AI / Big Data driven stock screener that can help identify stocks based on various metrics including growth potential, price/earnings ratio and more. The performance is backtested but real-life performance over the long term remains to be seen – but it could still be a great tool to get ideas.
    2. Stock analysis: For individual stocks, aside from providing the price quote, uSMART provides intelligent scoring based on various factors of the company e.g. profit, growth, industry prospects, dividend yield, etc., and ranks them to help investors make more informed decisions. As an example, HSBC Holdings (0005.HK) had a score of 69.55 on January 2, 2020; Tencent Holdings (0700.HK) scored 68.34 points on the same day.

    Smart Fund Platform

    The funds on uSMART Securities platform are divided into four types: money market, bond, balanced and equity. Each fund has a chart to clearly show the performance trend, and lists the minimum investment amount and handling fee, which makes it straightforward for investors to choose what fund they are interested in.

    1. Money Market Funds: These have the lowest risk and invest mainly in Treasury bills, commercial paper, etc. Many investors may opt to use money market funds as a substitute for time deposit plans. As of the end of 2019, uSMART’s money market funds’ returns ranged between 1.92% and 2.64% in one year.
    2. Bond funds: The risks can be high or low, depending on the fund because bonds can have various risk levels (government bonds being lower risk, corporate and junk bonds being higher risk). As of the end of 2019, uSMART’s bond funds’ returns ranged between 2.69% and 14.53% in one year.
    3. Balanced funds: These funds are diversified across bonds, stocks and other products. The risk is variable depending on the holdings of the fund and thus reward is also variable. As of the end of 2019, uSMART’s balanced funds’ returns ranged between 4.21% and 19.03% in one year.
    4. Equity funds: These have higher risk (and higher returns). The investments include various types of stock assets which also makes it an easy way to diversify risk. As of the end of 2019, uSMART’s equity funds’ returns ranged between 7.96% and 51.78% in one year.

    Summary

    The uSMART mobile app is powerful, affordable and easy to use. The Smart Advisor functionality is interesting but lacks real-life historical data to see if it really works and may take a while before it can be considered a replacement to robo-advisors.

    The good news is, even if we exclude the smart advisor and analysis features, uSMART’s app is really good. Whether you’re a beginner or an experienced investor with a bank already, you’d want to give it a try yourself.

    Next steps

    Important information:

    Investment involves risks. This information is intended to be educational and is not tailored to the investment needs of any specific investor. This information does not constitute investment advice and should not be used as the basis for any investment decision nor should it be treated as a recommendation for any investment or action. Past performance is no guarantee of future results. The value of investments and the income from them can go down as well as up, so you may not get back what you invest.

    #Investing 101
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