摘要: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.
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 | 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 |
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.
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 | ❌ |
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.
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 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 | ✔ |
Platform Fee | $0.005 per share | $1.00 per order | ✔ | ||
Fractional Shares Trading | Commission | $0.00 (for < 1 share) | / | / | ❌ |
Platform Fee | $1.00 per order | / | / | ❌ | |
OTC Shares Trading | Commission | ❌ | / | / | ❌ |
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
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 |
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 |