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Sergey5
Within 1 year

Could you break down the total trading costs involved for indices such as the US100 when trading with uSMART Group?

Broker Issues
uSMART Group
Fees and Spreads
05-21
United States
WikiFX
Reply

Based on my direct experience and a thorough examination of the available information, I have not found indices, including US100, listed among the tradable instruments offered by uSMART Group. The broker’s product coverage centers on US, Hong Kong, and Singaporean stocks, fractional shares, options, ETFs, REITs, ADRs, as well as selected futures and forex. There is no indication that indices—such as the US100—are available for trading through their proprietary uSMART App or any other platform they provide. When evaluating a broker for index trading, transparent costs and instrument availability are crucial to me. With uSMART Group, fee structures are disclosed primarily for equities and related products. For instance, US stock trading incurs both a commission and a platform fee, with minimums per order, and all are subject to GST. However, there is simply no breakdown or reference to costs for trading popular equity indices like US100. As a cautious trader, I interpret this absence as a strong indication that index CFDs or direct index trading are not currently supported. If my strategy required direct access to US100 or similar indices, I would need to seek a broker that clearly lists such products and provides detailed, upfront cost structures tailored to them. Until then, I view uSMART Group as unsuitable for index-focused trading and would recommend confirmation directly with the company before proceeding.

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