Accounts & headline costs
Sections ↑uSMART Securities Singapore is a multi-market broker whose US stock pricing is driven more by platform fees than by the advertised zero commission. Account type and customer region affect the US tariff: for specified ASEAN and selected Asian customers, a fixed US$0.88 platform fee applies to qualifying stocks priced at US$40 or more; other routes use per-share platform pricing. SGX, options, futures, OTC and other markets have separate schedules.[1][2][10]
Account comparison01
Account and price routes
| Route | Published price structure | Condition |
|---|---|---|
| US stocks — specified ASEAN/Asian route | US$0 commission; US$0.88 platform fee per qualifying order at price >= US$40 | Below US$40, US$0.005/share platform fee, minimum US$1 and maximum 1% of transaction amount.Source 1 |
| US stocks — other route | US$0 commission; US$0.005/share platform fee | Minimum US$1, maximum 1% of transaction amount.Source 1 |
| US fractional order below one share | Commission waived; US$1 platform fee | Eligibility and supported security list apply.Source 1 |
| Singapore shares | Commission advertised from 0.020% plus platform/market charges | Account tier and current market schedule determine exact amount.Source 1 |
Broker essentials02
Opening and authority essentials
| Measure | Value | Context |
|---|---|---|
| Opening minimum | No minimum deposit under the current account page | Trading still requires sufficient settled cash or approved financing.Source 2 |
| Company | uSMART Securities (Singapore) Pte. Ltd. | Singapore-incorporated broker.Source 3Source 10 |
| CMS licence | CMS101161 company-published; MAS firm-specific directory inspected | MAS lists dealing, product financing, custody, fund management and advice activities.Source 2Source 10 |
| Support coverage | Day desk and night desk under the help centre | Availability does not guarantee execution during every market event.Source 4 |
Products & platforms
Sections ↑Availability03
Market and product range
| Product/market | Published access | Cost/ownership point |
|---|---|---|
| US, Singapore and Hong Kong shares/ETFs | Multi-market cash brokerage | Market and account-type pricing differ.Source 2Source 1 |
| Japan, UK and other listed markets | Market-specific access under the pricing table | Local tax, currency and custody apply.Source 1 |
| US options | Current headline US$0 commission plus US$0.40 platform fee per contract | Exchange, regulatory and exercise/assignment charges can remain.Source 1 |
| Futures | Published commission from US$0.99 under current pricing | Contract, exchange, clearing and data charges are separate.Source 1 |
| US OTC | Separate platform fee of US$0.019/share, minimum US$6 and maximum 2% | Liquidity and issuer risk are materially different from listed stocks.Source 1 |
Platforms & products04
Platforms and programmable access
| Route | Published functions | Authority boundary |
|---|---|---|
| uSMART app / desktop | Orders, quotes, portfolio and research | Account, product and market permission govern.Source 2Source 3 |
| OpenAPI | Quotes, account data and order functions under application/permission | API credentials and permitted order scope must be controlled; public documentation is not a live integration test.Source 6 |
| Institutional FIX/API | Institutional execution and financing services | Institutional eligibility and contract differ from retail OpenAPI.Source 8 |
| Day/night desk | Support across Asian and US market periods | Support availability is not guaranteed fill or platform uptime.Source 4 |
Fees & holding costs
Sections ↑Pricing & charges05
US stock platform fees
| Order | Published platform fee | Other charges |
|---|---|---|
| Specified regional customer, stock >= US$40 | US$0.88 per order | US$0 commission; regulatory/market and currency costs can remain.Source 1 |
| Specified regional customer, stock < US$40 | US$0.005/share; min US$1, max 1% | Same price schedule applies to the eligible route.Source 1 |
| Other customer route | US$0.005/share; min US$1, max 1% | US$0 commission headline is not zero total order charge.Source 1 |
| Fractional below one share | US$1 per order | Supported fractional instrument/route only.Source 1 |
| OTC stock | US$0.019/share; min US$6, max 2% | Separate OTC risk and execution.Source 1 |
Pricing & charges06
Singapore and other market layers
| Charge | Published amount | Scope |
|---|---|---|
| SGX trading fee | 0.0075% | Exchange charge.Source 1 |
| SGX clearing fee | 0.0325% | Clearing charge.Source 1 |
| SGX settlement instruction | S$0.35 | Per applicable instruction.Source 1 |
| US option platform fee | US$0.40 per contract | Other exchange/regulatory fees can apply.Source 1 |
| Offline US stock order | US$0.02/share, minimum US$15 under cited schedule | Assisted route; not the app tariff.Source 1 |
A qualifying US$10,000 order in a US$50 stock under the specified regional fixed route has a US$0.88 platform fee before regulatory and currency costs. A 100-share order in a US$20 stock uses the per-share rule: US$1 minimum rather than US$0.50.[1]
Execution & trading rules
Sections ↑Specifications07
Order and channel controls
| Situation | Published route | Consequence |
|---|---|---|
| Retail app/desktop order | Submitted through the customer platform | Market status, cash, permissions and price conditions determine acceptance.Source 2 |
| OpenAPI order | Programmatic instruction after API approval | The customer controls credentials and must prevent duplicate/unauthorised orders.Source 6 |
| Offline order | Assisted desk route | Higher per-share minimum pricing can apply.Source 1Source 4 |
| Night market support | Night desk covers published US-session hours | A support desk does not create trading where the market/product is closed.Source 4 |
The API documentation describes capability, not an observed fill or latency measure. Before using automation, confirm order type, session, rate limits, account permission and the behaviour of cancelled or partially filled instructions.[6]
Deposits, withdrawals & transfers
Sections ↑Transfer terms08
Cash withdrawal route
| Item | Published treatment | Boundary |
|---|---|---|
| Withdrawal request | Use the authenticated account route | Available cash, settlement and bank verification apply.Source 5 |
| Minimum/fee | Currency and method-specific figures under the help page | Use the current displayed route rather than a universal amount.Source 5 |
| Processing estimate | Provider gives indicative processing windows | Receiving-bank and compliance checks can extend arrival.Source 5 |
| Third-party destination | Name matching and account controls apply | A visible balance is not automatically withdrawable to any bank.Source 5 |
Reference table09
Securities transfers
| Direction | Published process | Timing/cost |
|---|---|---|
| Transfer in | Generally no uSMART inward transfer fee | Depository/CDP or delivering-broker charges can apply.Source 7 |
| Same-name requirement | Delivering and receiving account ownership must match | Name mismatch can stop the transfer.Source 7 |
| Indicative ordinary timeline | About 1–3 weeks for specified routes | Market and counterparty action determine completion.Source 7 |
| Longer route | 30–45 days for specified transfer circumstances | Do not close the old account until all positions and cash arrive.Source 7 |
Protection & regulation
Sections ↑Essentials10
Entity and MAS permissions
| Measure | Value | Context |
|---|---|---|
| Company | uSMART Securities (Singapore) Pte. Ltd. | MAS directory and company site match the operator.Source 3Source 10 |
| MAS status | Capital Markets Services Licensee and Exempt Financial Adviser | MAS lists securities, collective schemes, exchange/OTC derivatives, financing, custody, fund management and advice activities.Source 10 |
| Company-published licence | CMS101161 | The current account page discloses the number.Source 2 |
| Client assets | Provider describes segregation and custody controls | Segregation does not insure market loss.Source 9 |
Protections & eligibility11
Protection boundaries
| Area | Relevant arrangement | Limitation |
|---|---|---|
| Client securities/cash | Custody and segregation under the licensed Singapore broker | Market, issuer and currency losses remain.Source 9Source 10 |
| Product financing | MAS-permitted financing under account agreement | Borrowing can amplify losses and force liquidation.Source 10Source 8 |
| API access | Authenticated customer authority | A secure API does not make an algorithm suitable or error-free.Source 6 |
| Complaint | Broker first, then FIDReC where eligible | FIDReC eligibility, limits and deadline govern.Source 11Source 3 |
Opening an account & support
Sections ↑Process12
Application and security preparation
| Stage | Published requirement | Practical point |
|---|---|---|
| Open account | Complete digital identity and tax checks | No minimum deposit does not remove product approval.Source 2 |
| Market/data permissions | Accept relevant market and exchange terms | Some data or products can require separate activation.Source 2Source 6 |
| API permission | Apply and protect keys/tokens | Use restricted credentials and monitor orders.Source 6 |
| Complaint | Contact uSMART with account/order records before external referral | Keep the final response and requested remedy.Source 3Source 11 |
Official support and complaint routes
uSMART Singapore supportTelephone
uSMART help centreWebsite
FIDReCWebsite
https://www.fidrec.com.sg/process/Source 11
Scope Independent dispute resolution for eligible unresolved complaints.
FIDReC first requires the institution to have an opportunity to resolve the dispute. Its published jurisdiction excludes complaints brought more than six months after the institution’s final reply. Mediation has no claim ceiling; adjudication is capped at S$150,000 per claim filed from 1 July 2024, subject to eligibility and exclusions.[12]
Additional services
Sections ↑Reference table13
Specialist capabilities
| Service | Published use | Boundary |
|---|---|---|
| OpenAPI | Retail programmatic quotes and orders | Approval, credentials, platform rules and customer monitoring required.Source 6 |
| Institutional FIX/API | Execution, custody and financing for institutions | Separate institutional onboarding and economics.Source 8 |
| Product financing | Borrowing against eligible positions | Interest, collateral and closeout risk apply.Source 10 |
| Cross-market custody | Holdings across multiple jurisdictions | Transfer, corporate action and tax treatment vary.Source 1Source 7 |
Company background & evidence
Sections ↑The facts14
Research context
| Measure | Value | Context |
|---|---|---|
| Business | Singapore multi-market broker and exempt financial adviser | The profile covers the Singapore entity, not every global uSMART affiliate.Source 10Source 3 |
| Current authority evidence | MAS firm-specific directory | Contact and permission scope inspected on 15 October 2026.Source 10 |
| Pricing evidence | Current account/market pricing page | Account-type and region rules are retained beside figures.Source 1 |
| Testing | No live order, API, withdrawal, transfer or support test | Published capability is not performance certification.Source 6Source 4 |
uSMART’s US “zero commission” headline is best read with the platform fee and customer-route rules. The same trade can be fixed-fee, per-share, fractional or OTC priced, and currency/regulatory charges can remain.[1]
- Headquarters
- Singapore
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
uSMART Securities (Singapore) Pte. Ltd.
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Monetary Authority of SingaporeCMS101161 | Authorised | Checked 15 Oct 2026MAS firm-specific directory lists dealing, financing, custody, fund-management and advice activities; CMS number is company-published.Source 2Source 10 |
Additional Information
Sections ↑Reference table15
Checks before an order or transfer
| Check | Reason |
|---|---|
| Customer route | US platform fee differs by stated region/account category.Source 1 |
| Share price and quantity | Fixed versus per-share rule can change.Source 1 |
| Whole/fractional/OTC | Each has a different fee and transfer profile.Source 1 |
| API versus app | Authority, monitoring and error controls differ.Source 6 |
| Same-name transfer | Ownership mismatch can block movement.Source 7 |
This profile is a neutral Singapore service reference. It does not recommend the broker or imply live testing of execution, API latency, cash withdrawal, transfers or complaint outcomes.
Sources & further reading
- uSMART Singapore market, platform and transfer pricing uSMART Singapore · Accessed 15 Oct 2026
- Account opening, products and CMS licence disclosure uSMART Singapore · Accessed 15 Oct 2026
- Company, address, contacts and service hours uSMART Singapore · Accessed 15 Oct 2026
- Day and night desk support hours uSMART Singapore · Accessed 15 Oct 2026
- Withdrawal fees, minimums and processing guidance uSMART Singapore · Accessed 15 Oct 2026
- OpenAPI market data, account and order functions uSMART Singapore · Accessed 15 Oct 2026
- Incoming securities transfer conditions and timing uSMART Singapore · Accessed 15 Oct 2026
- Institutional custody, financing and FIX/API services uSMART Singapore · Accessed 15 Oct 2026
- Client asset segregation statement uSMART Singapore · Accessed 15 Oct 2026
- MAS directory: uSMART Securities Singapore permissions Monetary Authority of Singapore · Accessed 15 Oct 2026
- FIDReC dispute-resolution process FIDReC · Accessed 29 Oct 2026
- FIDReC jurisdiction, claim limits and exclusions FIDReC · Accessed 29 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.