This uSMART review answers the two questions that matter first: what it costs and who regulates it. As at November 2026, uSMART’s Trader account charges 0.05% in total on SGX trades with no minimum listed, and a flat US$0.88 on most US stock orders, a rate its own terms say runs only to 30 November 2026. It is operated by uSMART Securities (Singapore) Pte. Ltd., which holds a Capital Markets Services licence from MAS.
Investing can lose money. Shares and ETFs can fall, and you can get back less than you put in. Nothing here suggests buying any security.
What uSMART Is
uSMART is a trading app for people who place their own orders. Its Singapore pricing page covers shares in Singapore, the US, Hong Kong, Japan, the UK and Korea, plus US options, futures and forex CFDs.
It has three account types with different fees: Trader, Standard and Intel. uSMART says the Trader account can be chosen only when you open the account, and only by users in ASEAN countries, Japan, South Korea and Taiwan. If you later upgrade to Intel, you cannot go back to Trader. Intel adds algorithm-driven investment tools at higher trading fees.
Separately, you choose a cash account or a margin account. uSMART says its margin account allows leverage of up to three times.
MAS Licence and How Your Shares Are Held
The MAS Financial Institutions Directory lists uSMART Securities (Singapore) Pte. Ltd. as a Capital Markets Services licensee for fund management, dealing in securities, collective investment schemes, exchange-traded and over-the-counter derivatives, product financing and providing custodial services. It is also an exempt financial adviser.
We did not find a CDP-linked account on uSMART’s pricing page or help centre, so expect your SGX shares to be held in custody by the broker rather than in a CDP account in your name. Confirm this with uSMART before you buy. Investments are not covered by SDIC deposit insurance.
uSMART Review of Fees (as at November 2026)
All figures are from uSMART’s pricing page and help centre. GST of 9% applies to Singapore tax residents.
| Item | Trader account | Standard account |
|---|---|---|
| SGX shares: commission | 0.02%, no minimum listed | 0.03%, no minimum listed |
| SGX shares: platform fee | 0.03%, no minimum listed | 0.03%, no minimum listed |
| SGX trading and clearing fees | 0.0075% and 0.0325% | Same |
| SGX settlement instruction fee | S$0.35 | Same |
| US shares priced US$40 or more | US$0 commission, US$0.88 platform fee (promotional to 30 Nov 2026) | Same |
| US shares under US$40 | US$0.005 a share, minimum US$1, maximum 1% | US$0.009 a share, minimum US$1.88 |
| US fractional orders under one share | US$1 platform fee | Same |
| Hong Kong shares | 0.024% plus HK$12 platform fee | 0.03% plus HK$12 |
| SGD withdrawal to a Singapore bank | No bank fee listed | Same |
| Currency conversion | Free automatic conversion service; rate not published as a margin | Same |
The Intel account charges 0.05% plus 0.05% on SGX trades and US$1.88 on US shares priced US$40 or more.
“No minimum” on uSMART’s SGX rows carries an asterisk whose footnote we could not find on the page. Check the fee shown in the app before your first order.
uSMART runs sign-up and deposit promotions. They change often and we do not quote them.
The short version: uSMART’s Trader account is among the cheapest ways we found to place small SGX orders in custody, but its headline US fee is a promotion, and its three account types make costs harder to compare.
What a Year of Monthly Buying Costs
Our example: you buy S$2,000 of an SGX-listed share and US$2,000 of a US-listed ETF priced at US$100 once a month for 12 months, on the Trader account. Illustration of fees only.
SGX order: commission S$0.40, platform fee S$0.60, SGX fees S$0.80 and the S$0.35 settlement instruction fee, about S$2.35 with GST. Around S$28 a year. The same order at moomoo costs about S$3.03, as our moomoo review shows.
US order: US$0.88 plus GST, about US$0.96, plus small third-party fees. Around US$11.50 a year while the promotional rate lasts. After 30 November 2026, check the new rate before you assume it continues.
Currency conversion is a real cost on the US order. uSMART says its automatic conversion is free and uses prevailing real-time rates, but it does not publish the margin over the mid-market rate. Compare the rate in the app with the mid-market rate on the day.
Over many years, small fee differences add up; our compound interest calculator shows the effect of a yearly cost.
Drawbacks and Alternatives
- Promotional US pricing. The US$0.88 fee has an end date in uSMART’s own terms.
- Account tiers. Fees differ by account type, and the cheapest one can only be picked at sign-up.
- No CDP, CPF or SRS route found. If you want SGX shares in your own name or to use CPF or SRS money, look elsewhere.
- Leveraged products in the same app. Margin, options, futures and forex CFDs can lose money quickly, and with leverage you can lose more than you put in. Read what CFDs are before going near them.
Who uSMART does not suit
It is a poor fit if you want CDP ownership, if you plan to invest CPF or SRS money, or if you want someone else to build your portfolio.
Alternatives to compare
- Webull lists 0.025% (minimum S$0.80) on SGX trades and US$0 on US stocks.
- Interactive Brokers publishes its currency conversion cost.
- POEMS offers a CDP-linked account.
Our SGX broker comparison and guide to the best investment platforms in Singapore put uSMART alongside the others.
What To Do Next
- Look up uSMART Securities (Singapore) in the MAS Financial Institutions Directory.
- Decide which account type you would open before you sign up, since the Trader account cannot be chosen later.
- Check uSMART’s pricing page for US fees after 30 November 2026.
- Ask uSMART how your SGX shares are held and whether any custody or dividend handling fees apply.
