In recent years, internet brokerage firms have experienced rapid development, mostly adopting the model of using U.S. stock agents. Due to the absence of offline branches and physical locations, internet brokerages have significantly reduced costs, enabling them to improve the previously unreasonable fee structures of traditional brokerages and optimize their trading systems. Currently, U.S. stock trading has entered the era of commission-free trading. Only through market competition can the industry undergo reform, allowing investors to benefit from the cost savings. 

uSMART Securities (Singapore), offers commission-free trading for qualified Singaporean users in U.S. stocks and ETFs listed on U.S. exchanges, with a platform fee of US$1 /Order (Fixed). This policy came into effect on March 1, 2024, Singapore time, and will remain in place until further notice.

Applicable to clients who meet any of the following conditions:

1. Singapore citizens (SC)
2. Singapore permanent residents (PR)
3. Holders of valid Singapore visas (EP/ WP/ LTVP/ SP/ DP)
4. Non-Singapore citizens residing in Singapore with a valid Singapore address. This can be proven by providing bills or bank statements dated within the past 3 months as proof of Singapore address during the account opening application, or if the residential address on Singpass is in Singapore (if applying using Singpass).

For more detailed information about the specific requirements, you can click here to view the details：uSMART SG - Smart trading, easy investing!

Comparing the costs of trading U.S. stocks with other brokerages.

 （This chart is for illustrative purposes only)

It is valid as of the date of publication, and the data may be subject to change.

From the above comparison of trading costs among several mainstream platforms, it can be seen that uSMART Securities (Singapore) offers low-cost trading for U.S. stocks without any hidden conditions or thresholds such as asset or trading volume requirements.

For a company like uSMART Securities (Singapore) that values technology and product research and development capabilities, offering this commission promotion is a significant benefit to local customers.

What about the uSMART Securities？

The most prominent feature of uSMART Securities (Singapore) is to provide intelligent, professional, and excellent one-stop financial services for more international users, continuously improving the trading experience for clients and driving industry innovation. uSMART Securities was established in Hong Kong and holds licenses from the Hong Kong Securities and Futures Commission (SFC) for Type 1, 4, and 9 activities (dealing in securities, advising on securities, and asset management). Its product, the uSMART App, has received multiple awards, including the 2019 "Most Innovative Data Provider" award from the Hong Kong Exchanges and Clearing Limited (HKEX) and the "Superior Intelligent Investment Platform Brand Award" from Now Finance. In December 2021, uSMART Securities obtained a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS) and developed an intelligent app, uSMART SG, specifically designed for overseas investors. In 2022, the uSMART Group announced its global headquarters relocation to Singapore, marking a new journey towards international and global business expansion. The group has raised over $100 million in funding and received strategic investment from Chow Tai Fook Nominee Limited, a member of the Chow Tai Fook Group, one of the largest enterprise groups in Hong Kong.

Why recommend trading U.S. stocks on uSMART SG?

1.Low-cost trading:

For qualified Singaporean users, commission-free trading is implemented with a fixed platform fee of US$1 /Order (Fixed). For non-Singaporean users, the commission is $0.003 per share, with a minimum of $0.50 per order and a maximum of 0.50% of the transaction amount. The platform fee is $0.005 per share, with a minimum of $1.00 per order and a maximum of 0.50% of the transaction amount. These fees are lower than the majority of U.S. stock trading platforms. Additionally, commission-free trading is available for U.S. stock options, with no minimum order fees.

2.24/7 real-time market data and financial news:

Access to advanced NYSE ArcaBook quotes and basic Nasdaq quotes, as well as real-time financial news from major financial news platforms such as Benzin, Investorplace, and TheStreet.

3.24-hour trading:

Support for pre-market and after-hours trading, enabling 24-hour trading of U.S. stocks and providing more trading opportunities.

4.Daily stock picks:

Free daily recommendations of potential stocks by renowned investment experts, including Singaporean, U.S., and Hong Kong stocks. These recommendations have a strong track record, are transparent, easy to follow, and beginner-friendly, allowing users to learn stock selection techniques and analytical skills.

5.Intelligent investment tools:

Features include intelligent dollar-cost averaging, which allows users to invest a fixed amount at regular intervals to potentially reduce the average purchase price per share, and nine types of intelligent orders such as high sell and low buy orders and grid orders, enabling automated monitoring and placing orders at any desired price, ensuring users don't miss out on preferred prices and facilitating quick order execution. Users can also enjoy online customer support and phone customer service. The account opening process with uSMART SG can be completed in just 5 minutes, compared to several days with traditional brokerages.

When comparing uSMART SG to other major stock trading platforms in Singapore, it has overwhelming advantages in terms of U.S. stock trading costs, product functionality, unique services, and stability of product usage.

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Important Notice and Disclaimer:

We have based this article on our internal research and information available to the public from sources we believe to be reliable. While we have taken all reasonable care in preparing this article, we do not represent the information contained in this article is accurate or complete and we accept no responsibility for errors of fact or for any opinion expressed in this article. Opinions, projections and estimates reflect our assessments as of the article date and are subject to change. We have no obligation to notify you or anyone of any such change. You must make your own independent judgment with respect to any matter contained in this article. Neither we or our respective directors, officers or employees will be responsible for any losses or damages which any person may suffer or incur as a result of relying upon anything stated or omitted from this article.

This document should not be construed in any jurisdiction as constituting an offer, solicitation, recommendation, inducement, endorsement, opinion, or guarantee to purchase, sell, or trade any securities, financial products, or instruments or to engage in any investment or any transaction of any kind, nor is there any intention to solicit or invite the purchase or sale of any securities.

The value of these securities and the income from them may fall or rise. Your investment is subject to investment risk, including loss of income and capital invested. Past performance figures as well as any projection or forecast used in this article is not indicative of its future performance.

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