Update: This post has been updated to better reflect the terms and conditions. Please do read through the terms and conditions when signing up.
uSMART has just updated its sign-up offer, and it’s really generous: sign up for uSMART as a new user and you can get either US$180 or US$360 in cash coupons when you fund and maintain US$1,500 or US$10,000. That’s S$258 and S$516 at the time of writing, which is possibly the highest sign-up gift we’ve seen recently for a trading app. Do note the requirements and read the terms and conditions.
On top of these rewards, you also get US$6 worth of Tesla shares, making your maximum gift US$366 (S$525) in total. (There is also a US$36 gift for funding USD$200, but do dream a little bigger and don’t squander your new-to-uSMART status 🥲)
Cash coupons can be redeemed for cash credit in your count, and you can withdraw them for cash if you so desire. Read/watch my review of uSMART here.
First deposit: at least US$1,500 or US$10,000
Until 30th November 2022
|Register and open account with this link (if promo code is required, do enter ||$0 commission charges (for US, SG, HK stocks) and US$0 market settlement fees until 31st Dec 2022|
0.02 Tesla Share Voucher (worth up to USD 6)
1) Make a first deposit of at least US$1,500
2) Maintain daily average asset ≥ US$1,500 each month
ii) Complete at least 3 US stock/option trades each month
|US$30 Cash Vouchers x 6 (~S$258)|
(One redeemable each month)
1) Make a first deposit of at least US$10,000
2) Maintain daily average asset ≥ US$10,000 each month
ii) Complete at least 6 US stock/option trades each month
|US$60 Cash Vouchers x 6 (~S$516)|
(One redeemable each month)
Last updated 5th October 2022. Read/watch the review here
Meeting the requirements
Given that there is fractional trading which allows you to buy shares in small amounts, as well as zero commissions and settlement fees (until 31st December 2022), it’s quite easy to meet the trade requirements.
1) Can funding be done in SGD then covert USD in app?
uSMART’s reply: Yes, we allow in-app currency conversion.
2) Can holding US$10,000 worth of SGD work?
uSMART’s reply: Yes, USD 10,000 or equivalent.
3) If value of assets fall below required amount due to currency or stock fluctuations, will sign-up gift still be given?
uSMART’s reply: Our system does have some allowance for currency and stock fluctuations and we will not disclose the buffer amount. You may suggest to your viewers to deposit slightly more to avoid any issue.
Once you get your cash vouchers, you may redeem them once each month, and the amount will be
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