I only have a Futu HK account. I tried opening Moomoo and Tiger but failed. Many brokerages now require proof of overseas employment, and uSMART is the last one I know of that still supports account opening with a mainland identity. So I decided to open it.

Note: You can open an account, but to actually use it you still need a Hong Kong bank card, otherwise you cannot deposit or withdraw funds.

uSMART SG or uSMART HK?

I opened both. The advantage of SG is US IPO participation and spot trading. For HK, if it is linked to a Hong Kong card you can deposit quickly, and you can also participate in HK IPOs. So I suggest opening both.

Prerequisites

1. Apple users need a non-mainland Apple ID (Hong Kong, Turkey, etc.) so the app can be downloaded normally.

   

2. Android users can download the APK from the official website: https://www.usmart.hk/zh-cn/download

Registration

+86 phone numbers are supported.

Account Opening Tips

1. Make sure the information is accurate. If it does not match, the review will fail and you must resubmit materials.
2. The company name should be the full legal name. You can verify it on your payslip or in Qichacha.
3. Sign neatly. Scribbles or connected handwriting may be rejected.
4. For review time, in my tests it was under one business day. After approval you will receive an email.

uSMART HK Account

You can use my referral code for uSMART HK: vxmj8. After successful opening you can receive rewards. Note that SG and HK referral codes are not interchangeable.

First deposit is recommended at 20000HKD or above to get higher rewards (cash coupon bundle).

uSMART SG Account

You can use my referral code for uSMART SG: 6vjd. After successful opening you can receive rewards. Note that SG and HK referral codes are not interchangeable.

First deposit is recommended at 2000USD or above to get higher rewards (cash coupon bundle).

Deposits and Withdrawals

1. In the App - Trade section you can deposit or withdraw. uSMART HK can deposit instantly with a Hong Kong bank card.

Opening Rewards

• In App - Me - Reward Center, you can check opening rewards. Pay attention to the eligibility conditions and expiration dates.

Account Keep-Alive - Existing Customers

If you are opening an account just to avoid future tightening, you only need to keep a small amount of money so it is not judged as a dormant account.

“Existing Customer” definition: the account must keep at least 50 USD / equivalent currency.

uSMART SG vs uSMART HK

• uSMART SG allows US IPO participation without a threshold.
• uSMART HK allows US IPO participation, but you must be a professional investor, which requires proof of 8 million HKD in assets.

Final Thoughts

Personally, I think you do not have to trade, but you cannot be without it. Having a uSMART account keeps some investment flexibility before policies tighten further.