uSMART Group Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-27 18:46

Abstract：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 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