uSMART Group Account Type

　　uSMART Group offers two primary types of accounts for traders: Cash Account and Margin Account.

• Cash Account:
• This account allows trading with cash deposits only.
• Purchasing power is based on the cash available in the account.
• Suitable for equity and fractional share trading.
• Margin Account:
• This account offers leverage of up to 1:3.
• It allows for purchasing power through cash or shares as collateral.
• Suitable for trading in equity, fractional shares, options, and short selling.

　　Both account types do not require a minimum deposit, making it accessible for traders looking to start with minimal financial commitment.

　　

uSMART Group Broker Account Opening Process

　　The process to open an account with uSMART Group is straightforward and consists of the following steps:

• Download the uSMART App:
• Available on iOS and Android platforms.
• Register:
• Select “Open Account” on the apps homepage.
• Register using your mobile number or email address.
• Receive a verification code and set a password.
• Select Account Type:
• Choose between an individual account for Singapore citizens/permanent residents or other identities.
• Provide Personal Information:
• Fill in basic details including identification, residential address, and financial background.
• Upload required documents (ID proof and address proof).
• Review and Submit:
• Complete a declaration and read the risk disclosure statement.
• Sign electronically and submit your application.
• Confirmation:
• Once your application is reviewed and approved, you will receive a notification via email, and your account will be activated within one business day.

　　By following these steps, you can successfully set up your trading account with uSMART Group and begin trading in various financial markets.