I. Introduction

“How is uSMART Securities? Is it safe? Are the commissions expensive?”——These are the three core questions investors ask when choosing an online broker. As a licensed broker under the Hong Kong Securities and Futures Commission (Central Number: BJA907), uSMART Securities has become a new choice for multi-market investors (HK/US/A-shares) with its smart trading platform and low-commission strategy. This article will deeply analyze uSMART Securities from three dimensions: commission structure, regulatory security, and practical experience to help you make informed decisions.

II. uSMART Commission Overview: How to Save Money?

uSMART offers highly flexible commission structures with Regular, High-Frequency, and PRO Account tiers. Investors should choose based on trading frequency and asset scale:

1. HK Stock Trading Commissions (HKD)

2. US Stock Trading Commissions (USD)

3. A-Share Trading Commissions (CNY)

• Low-Commission Plan: 0.02% + CNY 12/order (min. CNY 5)
• PRO Account: 0.08% + CNY 15/order

4. Hidden Cost Alerts

• Government Fees: HK stamp duty 0.1%, US SEC fee 0.00278% (sell orders).
• Transfer Fees: HK stocks: 0.1% market value (min. HKD 600/stock), US stocks: $0.03/share (min. $100/stock).
• Margin Rates: HK annualized 7.63%, US 6.63% (daily interest).

III. Is uSMART Securities Safe? License + Fund Segregation

"Is uSMART Securities Safe?"—Check Three Credentials:

• HK SFC Licensed (License No. BJA907) for Type 1 (Securities Trading), Type 4 (Investment Advice), Type 9 (Asset Management).
• Client Fund Segregation: Funds held at HSBC, BOC, etc. Strictly non-transferable.
• Investor Compensation Fund: Up to HKD 500,000 coverage if broker defaults.

Security Verdict: Compliant with HK financial regulations for fund protection, though market risks remain.

IV. How is uSMART Securities? Pros & Cons

Advantages: Cost-Effective + Powerful Tools

• Flexible Commissions: As low as 0.03% + HKD 1/order for HK high-frequency traders.
• Smart Tools: Conditional orders, IPO financing (HKD 80 fee), multi-market trading (HK/US/A-shares/funds).
• Low-Barrier Account Opening: Zero fees, Mainland ID verification online.

Potential Drawbacks

• Small Withdrawal Fees: HKD＜500: HKD 10, USD＜65: $1.5, CNY＜500: CNY 10.
• App Download Restrictions: Not on Mainland app stores; download via official site.
• Customer Service: No 24/7 phone support; relies on online chat (~15 min response).

V. Step-by-Step Guide: Account Opening, Funding, Commission Switching

1. Online Account Opening

• Steps: Download App → ID Verification → Submit Address Proof → Approval (1 business day).
• Documents: Mainland users need ID + personal bank card.

[Related Reading] Is uSMART Securities reliable? Account opening experience and access to funds guide (2025 latest)

2. Recommended Funding Methods

• FPS Instant Transfer: Real-time, zero fees (HKD only).
• Bank Wire: Supported by BOC/HSBC/etc. No fees for same-bank transfers.

Critical: Never use non-personal accounts! Causes refunds + fees.

3. Commission Plan Switching Rules

• 1 free switch/month, effective T+1.

VI. FAQ

Q1: Is uSMART Securities a licensed broker?

A: Yes! Licensed by HK SFC (Central No. BJA907) for Type 1/4/9 activities. Client funds segregated at HSBC/BOC under HK regulations.

Q2: What's the lowest commission? Can high-frequency trading save money?

A:

• HK Stocks: 0.03% + HKD 1/order for 6000+ monthly trades.
• US Stocks: $0 commission but min. $1.88 platform fee (high cost for small trades).

Tip: Save 33% with HKD 8/order for 61-200 HK trades vs. regular plan.

Q3: Are there fees for transferring stocks out?

A:

• HK Stocks: 0.1% market value (min. HKD 600/stock)
• US Stocks: $0.03/share (min. $100/stock)

Example: Transfer 10,000 Tencent shares (HKD 300/share) = HKD 3,000 fee.

Q4: Can I use the uSMART app in Mainland China?

A: Yes, but:

Android: Download APK from official site (www.usmart.hk/zh-cn/download)

iOS: Switch Apple ID region to Hong Kong → Search "Hong Kong uSMART Securities"

Q5: What are small withdrawal fees?

Q6: Are dark pool commissions higher?

A: No! Fixed at 0.05% + min. HKD 12 (same as regular HK trades). PRO accounts: 0.06% + min. HKD 18.

Q7: How to avoid margin interest?

A: Interest accrues daily from T+2 settlement (HK stocks). Close positions before settlement date to avoid fees.

Q8: How are trade counts calculated?

A:

• Each complete order counts as 1 trade (even with partial fills).
• Monthly reset on 1st day.
• Count restarts when switching plans.

Q9: Are there hidden fees?

A: Watch for:

• Government fees: HK stamp duty (0.1%), US SEC fees (0.00278%).
• Dividend handling: 0.2% (min. HKD 30).
• Dormant accounts: Possible custody fees after 24 months of inactivity.

Q10: How to verify fund safety?

A: Triple-check:

• Check license: Verify status at HK SFC using "BJA907".
• Bank statements: Recipient must be "uSmart Securities Limited".
• Login security: Mandatory two-factor authentication (password + SMS).

Conclusion: Who Should Choose uSMART?

• Recommended For:
  • High-frequency HK traders (60+ trades/month)
  • Multi-market investors (HK/US/A-shares)
• Not Recommended For:
  • Small US stock traders (high platform fee barrier)
  • Users needing 24/7 phone support

Final Tip: Log in to uSMART App → "Commission Details" to simulate costs for your trading volume!

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