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Broker -
uSMART Group -

Score

0 1 2 3 4 5 6 7 8 9
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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

uSMART Group

Hong Kong | 2-5 years |
Regulated in Hong Kong | Dealing in securities | Suspicious Overrun | Medium potential risk

https://www.usmartgroup.com/

Website
Time Machine

Rating Index

Influence

Influence

C

Influence index NO.1

China 3.70
Surpassed 66.10% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+65 6303 0663
support@usmart.sg
https://www.usmartgroup.com/
3 Phillip St, #12-04, Royal Group Building, Singapore 048693

Licenses

Dealing in securities

SFC Exceeded

Hong Kong Dealing in securities

Retail Forex License

MAS Regulated

Singapore Retail Forex License

VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2025-09-14
  • 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!
2

Basic Information

Registered Region
Hong Kong
Operating Period
2-5 years
Company Name
uSmart Holding Ltd.
Abbreviation
uSMART Group
Company employee
--
Customer Service Email Address
support@usmart.sg
Contact Number
+6563030663
Company Website
https://www.usmartgroup.com/
Company address
3 Phillip St, #12-04, Royal Group Building, Singapore 048693
A Visit to uSMART Group in Singapore - Office Found
A Visit to uSMART Group in Singapore - Office Found
A Visit to uSMART Group in Singapore - Office Found
WikiFX Survey
uSMART Group
uSMART Group Singapore
A Visit to uSMART Group in Singapore - Office Found
A Visit to uSMART Group in Singapore - Office Found
A Visit to uSMART Group in Singapore - Office Found
WikiFX Survey
uSMART Group
uSMART Group Singapore
Biz Area
Website
Genealogy
Relevant Enterprises
Employees
Company Summary
Wiki Q&A
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Website

usmart.hk
119.28.205.187
usmartgroup.com
47.242.182.40

Genealogy

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Relevant Enterprises

USMART SECURITIES (SINGAPORE) PTE. LTD.(Singapore)
Active
Singapore
Registration No.
202110113K
Established
2021-03-22
uSmart Securities Limited(Hong Kong)
Active
Hong Kong
Registration No.
2391600
Established
2016-06-17

Company Summary

uSMART Group Review Summary
Founded2021
Registered Country/RegionHong Kong
RegulationMAS
Market InstrumentsStocks, shares, options, ETFs, REITs and ADRs, futures and forex
Demo Account❌
Leverage1:3
Spread/
Trading PlatformuSMART App
Min Deposit0
Customer Support24/5 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.

uSMART Group's homepage

Pros and Cons

ProsCons
Regulated by MASNo demo accounts
Security measures providedComplex fee structures
Simple account opening proceduresNo MT4/5
No minimum deposit requirementLack 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 StatusRegulated
Regulated byMonetary Authority of Singapore (MAS)
Licensed InstitutionUSMART SECURITIES (SINGAPORE) PTE. LTD.
Licensed TypeRetail Forex License
Licensed NumberCMS101161
Regulated by MAS

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.

Fund trust and safety

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 InstrumentsSupported
Stocks/Shares✔
Options✔
ETFs✔
REITs✔
ADRs✔
Futures✔
Forex✔
Commodities❌
Indices❌
Cryptocurrencies❌
Bonds❌
What Can I Trade on uSMART Group?

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 Products
CashBasic account for trading with cash. Purchasing power is through cash deposits.Equity, Fractional share
MarginFlexible account with leverage (up to 3 times). Purchasing power via cash or shares as collateral.Equity, Fractional share, Options, Short selling
Account Type

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.

Open an account

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/pricing

Fees

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 PlatformSupportedAvailable DevicesSuitable for
uSMART App✔iOS, Android, Windows, Mac/
MT4❌/Beginners
MT5❌Windows, Android, WebTrader, iOSExperienced traders
uSMART App

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.

Deposit and Withdrawal

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

Min Withdrawal
HKD to banks in other countries/regions400
HKD to Hong Kong banks10
USD50

Keywords

  • 2-5 years
  • Regulated in Hong Kong
  • Regulated in Singapore
  • Dealing in securities
  • Retail Forex License
  • Suspicious Overrun
  • Medium potential risk

Wiki Q&A

Phoebe Yao
Within 1 year

Are there any inactivity fees associated with uSMART Group accounts, and if there are, what are the terms and conditions for these fees?

WikiFX Reply
From my experience carefully reviewing the available details on uSMART Group, I couldn't find any explicit mention of inactivity fees within their provided information. The broker's fee structure appears to focus mainly on trading commissions and platform fees, with no reference to charges for dormant or inactive accounts. This absence is noteworthy, but in my years of trading, I have learned never to make assumptions regarding potential hidden fees—especially with platforms that have complex or evolving fee structures. Since the information does not confirm or deny the existence of inactivity fees, I exercise caution. In my practice, I always recommend thoroughly reading the broker’s terms and conditions or directly contacting their support team before opening an account, particularly when inactivity could be an issue. Some brokers update their policies or may apply administrative charges without prominent disclosure, which can catch traders off guard. Given the conservative approach demanded in financial matters, I insist on verifying this point with uSMART Group directly to avoid unexpected costs, rather than relying solely on the absence of information in initial reviews. This is crucial for long-term account planning and for maintaining capital safety.
Broker Issues
uSMART Group
Fees and Spreads
08-17
United States
gnsrael
Within 1 year

Which deposit and withdrawal options are available through uSMART Group, such as credit cards, PayPal, Skrill, or cryptocurrencies?

WikiFX Reply
From my direct experience and research as a trader, depositing and withdrawing with uSMART Group involves some important limitations. For Singapore Dollar transactions, they accept bank-related local payment options such as eGIRO, PayNow, FAST, telegraphic transfer, and BigPay. If, like me, you often deal in foreign currencies (USD or HKD), telegraphic transfer and BigPay are available. However, it's notable that credit cards, PayPal, Skrill, and cryptocurrencies are not supported as funding or withdrawal methods with this broker. I find this bank-centric approach relatively secure, as these methods generally require documentary verification and align with anti-money-laundering protocols. Still, it can also be inconvenient, especially if you rely on international or instant third-party payment services, or want flexibility to move funds quickly between different trading accounts. At the same time, the absence of cryptocurrencies and digital wallets may reduce exposure to certain risks, but limits convenience. On the withdrawal side, there are minimum requirements: for example, at least 10 HKD for withdrawals to Hong Kong banks, 400 HKD for overseas, and 50 USD for US dollar withdrawals. In summary, while uSMART Group offers regulated and reasonably secure local payment methods, the lack of mainstream e-wallets or crypto-based funding could be restrictive for some traders, including myself. Careful consideration is necessary based on one's trading style and funding needs.
Broker Issues
uSMART Group
Deposit
Withdrawal
08-16
United States
Jezreel2
Within 1 year

Does uSMART Group offer traders the choice of an Islamic (swap-free) account?

WikiFX Reply
Based on my careful review of uSMART Group’s official information, I found no evidence that this broker provides an Islamic or swap-free account option. As a trader who values transparency and clarity in account types, this is an important detail I want to underscore, especially for those with religious or ethical requirements concerning interest. uSMART Group offers two basic account types: Cash and Margin. Both are designed primarily for equity, options, and forex trading, but there is no mention anywhere of a swap-free or Sharia-compliant account structure. Why does this matter for me as a cautious and detail-oriented trader? Swap-free accounts are vital for those who cannot participate in interest-bearing transactions for religious reasons. The absence of such an option could significantly restrict accessibility for some users. Furthermore, as I scrutinize the broker’s platform (which is their proprietary uSMART App, not industry-standard MT4/MT5), I see they focus on mainstream trading features but do not highlight any accommodations for faith-based or alternative account settings. In summary, for traders who require an Islamic account, uSMART Group does not currently appear to meet this need. I always urge anyone—whether experienced or new to trading—to double-check with the broker’s support for the most current offerings, as products sometimes update. For now, however, those seeking a swap-free solution will want to look elsewhere.
Broker Issues
uSMART Group
Leverage
Platform
Account
Instruments
08-14
United States
Hhduy
Within 1 year

Which documents do I need to provide in order to process my initial withdrawal with uSMART Group?

WikiFX Reply
As someone who has researched and tested several regulated forex brokers, I always pay close attention to withdrawal processes for the sake of safety and transparency. With uSMART Group, I note that while their website and official summaries carefully detail their regulatory compliance and basic withdrawal procedures, they do not explicitly specify the complete list of documents required for your first withdrawal. However, in my experience dealing with brokers regulated by entities like the Monetary Authority of Singapore (MAS), you are almost always expected to complete a standard identity verification process beforehand. This typically involves submitting a government-issued photo ID (such as a passport or national ID card) and a valid proof of address document (like a recent utility bill or bank statement). These steps are not only a regulatory mandate but a core protection for both your account security and for compliance with anti-money laundering regulations. Since uSMART Group emphasizes the segregation of client assets and adheres to reputable custodial practices, making sure your documentation is in order is crucial before the withdrawal process. I recommend reaching out to their customer support directly via the provided email or phone numbers to clarify your exact requirements and avoid any delays. In my experience, being proactive here can prevent unnecessary complications, especially for your first withdrawal request.
Broker Issues
uSMART Group
Withdrawal
Deposit
08-05
United States
View More

User Reviews 3

All (3) Positive (2) Exposure (1)
阿洋
Within 1 year
Exposure
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.
2024-11-13

Taiwan
Isla Brown
6-10 years
Positive
Their mobile app is fantastic - I can trade on the go with ease. The charts and analysis tools are comprehensive and up-to-date.
2024-07-22

Italy
FX1704855645
6-10 years
Positive
Swift Account Setup, Real-Time Data Powers Informed Trades
Super quick to set up and fund my account! The real-time US Level 2 data is incredibly useful for making swift, informed trades. Also, the platform works smoothly
2024-06-21

Hong Kong
No more
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