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uSMART Group

Item: uSMART Group
Rating: 6.53

Hong Kong

1-2 years

Regulated in Hong Kong

Dealing in securities

Suspicious Scope of Business

Suspicious Overrun

Medium potential risk

https://www.usmartgroup.com

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Comparison

Quantity 1

Exposure

Time Machine

Website

Score

Regulatory Index6.67

Business Index4.83

Risk Management Index8.22

Software Index6.00

License Index6.70

Follow

Time Machine

Website

Licenses

SFC Exceeded

Dealing in securities

MAS Regulated

Retail Forex License

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

uSmart Holding Ltd.

Company Abbreviation

uSMART Group

Platform registered country and region

Hong Kong

Company website

https://www.usmartgroup.com

Company summary

Pyramid scheme complaint

Expose

uSMART Group · Company summary

uSMART Group Review Summary
Founded	2021
Registered Country/Region	Hong Kong
Regulation	MAS
Market Instruments	Stocks, shares, options, ETFs, REITs and ADRs, futures and forex
Demo Account	❌
Leverage	1:3
Spread	/
Trading Platform	uSMART App
Min Deposit	0
Customer Support	24/5 support
	Tel: +65 6303 0663; +65 3135 1599 (Singapore)/ +852 9520 4758 (Hong Kong)
	Email: support@usmart.sg (Singapore)/cs@usmarthk.com (Hong Kong)
	Address: 3 Phillip St, #12-04, Royal Group Building, Singapore 048693
	Room 2606-07, 26th Floor, FWD Financial Centre, 308 Des Voeux Road Central, Sheung Wan, Hong Kong

uSMART Group, officially registered as uSmart Holding Ltd., operates as a Hong Kong-based regulated broker since 2021. uSMART Group provides a wide range of trading options including US, Singapore, and Hong Kong stocks, fractional shares, various US options, forex, and grid trading. The brokerage uses its proprietary uSmart platform, compatible with iOS, Android, Mac, Windows, and OpenAPI. It is currently regulated well by MAS.

Pros and Cons

Pros	Cons
Regulated by MAS	No demo accounts
Security measures provided	Complex fee structures
Simple account opening procedures	No MT4/5
No minimum deposit requirement	Lack of popular payment methods

Is uSMART Group Legit?

uSMART Group has established its legitimacy and credibilityby securing regulation from the Monetary Authority of Singapore (MAS), a regulatory authority acclaimed for its comprehensive and strict financial oversight. The broker holds a Retail Forex License.

Regulatory Status	Regulated
Regulated by	Monetary Authority of Singapore (MAS)
Licensed Institution	USMART SECURITIES (SINGAPORE) PTE. LTD.
Licensed Type	Retail Forex License
Licensed Number	CMS101161

Additionally, it provides further protection. To ensure the safety of client assets, funds, and securities are held in separate custodian accounts, which prevents them from being mixed with other accounts.

What Can I Trade on uSMART Group?

uSMART Group provides stock trading in US, Singapore and Hong Kong markets and fractional shares, US options trading with diverse range of options strategies, short selling and grid trading order, ETFs, REITs and ADRs, and varieties of futures and forex products.

Tradable Instruments	Supported
Stocks/Shares	✔
Options	✔
ETFs	✔
REITs	✔
ADRs	✔
Futures	✔
Forex	✔
Commodities	❌
Indices	❌
Cryptocurrencies	❌
Bonds	❌

Account Type

uSMART Group offers two types of accounts: the Cash and Margin accounts. They claim it does not require the minimum deposit.

Account Type	Feature	Available Tradable Products
Cash	Basic account for trading with cash. Purchasing power is through cash deposits.	Equity, Fractional share
Margin	Flexible account with leverage (up to 3 times). Purchasing power via cash or shares as collateral.	Equity, Fractional share, Options, Short selling

To open an account of uSMART Group, you can click “Register/ Log in”, and fill in your mobile number or email, set password and click “Sign Up”. The procedure is simple and easy.

Leverage

uSMART Group offers leverage up to 1:3. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

uSMART Group Fees

uSMART Group charges fees according to different products and services. For uSMART traders, they charge US stock, US option, ADR, HK stock & Warrant & CBBCs, SG stock fees, and Unit Trust & Insurance.

Product Type	Fee Type	Rate/Amount	Minimum	Maximum	Applicable GST (9%)
US Stocks	Commission	$0.003 per share	$0.50 per order	0.50% of transaction amount	✔
US Stocks	Platform Fee	$0.005 per share	$1.00 per order	0.50% of transaction amount	✔
Fractional Shares Trading	Commission	$0.00 (for < 1 share)	/	/	❌
Fractional Shares Trading	Platform Fee	$1.00 per order	/	/	❌
OTC Shares Trading	Commission	❌	/	/	❌
OTC Shares Trading	Platform Fee	$0.019 per share	$6 per transaction	2% of transaction amount	✔

More details can be learned through clicking: https://www.usmartglobal.com/pricing

Trading Platform

uSMART Group offers the uSMART App. This app supports trading in iOS, Android, Mac, Windows and OpenAPI. TWAP, VWAP orders are supported for professional traders.

Trading Platform	Supported	Available Devices	Suitable for
uSMART App	✔	iOS, Android, Windows, Mac	/
MT4	❌	/	Beginners
MT5	❌	Windows, Android, WebTrader, iOS	Experienced traders

Deposit and Withdrawal

For Singapore Dollars (SGD), uSMART Group accepts eGIRO, Paynow, FAST, telegraphic transfer, and BigPay to make a deposit.

For foreign currency (USD and HKD), they offer telegraphic transfer and BigPay.

Besides, they supports fund withdrawal but require minimum withdrawal amount:

	Min Withdrawal
HKD to banks in other countries/regions	400
HKD to Hong Kong banks	10
USD	50

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WikiFX Risk Alerts

Previous Detection : 2025-02-07

This broker exceeds the business scope regulated by China Hong Kong SFC(license number: BJA907)SFC-Dealing in securities Non-Forex License. Please be aware of the risk!

WikiFX Survey

uSMART Group

Singapore

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Exposure

1 pieces of exposure in total

Pyramid scheme complaint

Expose

Unable to Withdraw

Positions disappear after exercising options, opaque operations, misappropriation of client funds

This company is 100% a scam. Although it appears to have a legitimate license, after purchasing U.S. stock options and exercising them, the positions never appeared. They later claimed it was settled in cash, but there were no transaction records visible at all. It feels like a black box operation; the process is unclear, which really isn't how a legitimate brokerage should operate.

AXIANG

2024-11-13 12:48

uSMART Group · Company summary

uSMART Group Review Summary
Founded	2021
Registered Country/Region	Hong Kong
Regulation	MAS
Market Instruments	Stocks, shares, options, ETFs, REITs and ADRs, futures and forex
Demo Account	❌
Leverage	1:3
Spread	/
Trading Platform	uSMART App
Min Deposit	0
Customer Support	24/5 support
	Tel: +65 6303 0663; +65 3135 1599 (Singapore)/ +852 9520 4758 (Hong Kong)
	Email: support@usmart.sg (Singapore)/cs@usmarthk.com (Hong Kong)
	Address: 3 Phillip St, #12-04, Royal Group Building, Singapore 048693
	Room 2606-07, 26th Floor, FWD Financial Centre, 308 Des Voeux Road Central, Sheung Wan, Hong Kong

uSMART Group, officially registered as uSmart Holding Ltd., operates as a Hong Kong-based regulated broker since 2021. uSMART Group provides a wide range of trading options including US, Singapore, and Hong Kong stocks, fractional shares, various US options, forex, and grid trading. The brokerage uses its proprietary uSmart platform, compatible with iOS, Android, Mac, Windows, and OpenAPI. It is currently regulated well by MAS.

Pros and Cons

Pros	Cons
Regulated by MAS	No demo accounts
Security measures provided	Complex fee structures
Simple account opening procedures	No MT4/5
No minimum deposit requirement	Lack of popular payment methods

Is uSMART Group Legit?

uSMART Group has established its legitimacy and credibilityby securing regulation from the Monetary Authority of Singapore (MAS), a regulatory authority acclaimed for its comprehensive and strict financial oversight. The broker holds a Retail Forex License.

Regulatory Status	Regulated
Regulated by	Monetary Authority of Singapore (MAS)
Licensed Institution	USMART SECURITIES (SINGAPORE) PTE. LTD.
Licensed Type	Retail Forex License
Licensed Number	CMS101161

Additionally, it provides further protection. To ensure the safety of client assets, funds, and securities are held in separate custodian accounts, which prevents them from being mixed with other accounts.

What Can I Trade on uSMART Group?

uSMART Group provides stock trading in US, Singapore and Hong Kong markets and fractional shares, US options trading with diverse range of options strategies, short selling and grid trading order, ETFs, REITs and ADRs, and varieties of futures and forex products.

Tradable Instruments	Supported
Stocks/Shares	✔
Options	✔
ETFs	✔
REITs	✔
ADRs	✔
Futures	✔
Forex	✔
Commodities	❌
Indices	❌
Cryptocurrencies	❌
Bonds	❌

Account Type

uSMART Group offers two types of accounts: the Cash and Margin accounts. They claim it does not require the minimum deposit.

Account Type	Feature	Available Tradable Products
Cash	Basic account for trading with cash. Purchasing power is through cash deposits.	Equity, Fractional share
Margin	Flexible account with leverage (up to 3 times). Purchasing power via cash or shares as collateral.	Equity, Fractional share, Options, Short selling

To open an account of uSMART Group, you can click “Register/ Log in”, and fill in your mobile number or email, set password and click “Sign Up”. The procedure is simple and easy.

Leverage

uSMART Group offers leverage up to 1:3. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

uSMART Group Fees

uSMART Group charges fees according to different products and services. For uSMART traders, they charge US stock, US option, ADR, HK stock & Warrant & CBBCs, SG stock fees, and Unit Trust & Insurance.

Product Type	Fee Type	Rate/Amount	Minimum	Maximum	Applicable GST (9%)
US Stocks	Commission	$0.003 per share	$0.50 per order	0.50% of transaction amount	✔
US Stocks	Platform Fee	$0.005 per share	$1.00 per order	0.50% of transaction amount	✔
Fractional Shares Trading	Commission	$0.00 (for < 1 share)	/	/	❌
Fractional Shares Trading	Platform Fee	$1.00 per order	/	/	❌
OTC Shares Trading	Commission	❌	/	/	❌
OTC Shares Trading	Platform Fee	$0.019 per share	$6 per transaction	2% of transaction amount	✔

More details can be learned through clicking: https://www.usmartglobal.com/pricing

Trading Platform

uSMART Group offers the uSMART App. This app supports trading in iOS, Android, Mac, Windows and OpenAPI. TWAP, VWAP orders are supported for professional traders.

Trading Platform	Supported	Available Devices	Suitable for
uSMART App	✔	iOS, Android, Windows, Mac	/
MT4	❌	/	Beginners
MT5	❌	Windows, Android, WebTrader, iOS	Experienced traders

Deposit and Withdrawal

For Singapore Dollars (SGD), uSMART Group accepts eGIRO, Paynow, FAST, telegraphic transfer, and BigPay to make a deposit.

For foreign currency (USD and HKD), they offer telegraphic transfer and BigPay.

Besides, they supports fund withdrawal but require minimum withdrawal amount:

	Min Withdrawal
HKD to banks in other countries/regions	400
HKD to Hong Kong banks	10
USD	50

User Reviews

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User comment

4

Comments

Write a review

阿洋

0-3months

這家已確定100%是詐騙，雖然表面上有合法牌照，但買了美股期權行權後，行權倉位始終沒出現，後續說以現金結算，但始終沒看到成交紀錄，感覺就是黑箱，過程不明，真的不是一間合法卷商該有的樣子

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2024-11-13 12:48

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0

Isla Brown

more than one year

Their mobile app is fantastic - I can trade on the go with ease. The charts and analysis tools are comprehensive and up-to-date.

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2024-07-22 14:45

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