uSMART Group Review SummaryFounded2021Registered Country/RegionHong KongRegulationMASMarket InstrumentsStocks, shares, options, ETFs, REITs and ADRs, futures and forexDemo Account❌Leverage1:3Spread/Trading PlatformuSMART AppMin Deposit0Customer Support24/5 supportTel: +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 048693Room 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 ConsProsConsRegulated by MASNo demo accountsSecurity measures providedComplex fee structuresSimple account opening proceduresNo MT4/5No minimum deposit requirementLack of popular payment methodsIs 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 StatusRegulatedRegulated byMonetary Authority of Singapore (MAS)Licensed InstitutionUSMART SECURITIES (SINGAPORE) PTE. LTD.Licensed TypeRetail Forex LicenseLicensed NumberCMS101161 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 InstrumentsSupportedStocks/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 TypeFeatureAvailable Tradable ProductsCashBasic account for trading with cash. Purchasing power is through cash deposits.Equity, Fractional shareMarginFlexible 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 TypeFee TypeRate/AmountMinimumMaximumApplicable GST (9%)US StocksCommission$0.003 per share$0.50 per order0.50% of transaction amount✔Platform Fee$0.005 per share$1.00 per order✔Fractional Shares TradingCommission$0.00 (for < 1 share)//❌Platform Fee$1.00 per order//❌OTC Shares TradingCommission❌//❌Platform Fee$0.019 per share$6 per transaction2% of transaction amount✔ More details can be learned through clicking: https://www.usmartglobal.com/pricingTrading 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 PlatformSupportedAvailable DevicesSuitable foruSMART App✔iOS, Android, Windows, Mac/MT4❌/BeginnersMT5❌Windows, Android, WebTrader, iOSExperienced tradersDeposit 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 WithdrawalHKD to banks in other countries/regions400HKD to Hong Kong banks10USD50