FSM Smart is an unlicensed Forex & Crypto Currency broker, that is officially owned by FSMSmart Ltd. They are located at: Hertensteinstrasse 51, Lucerne, Luzern 6004, Switzerland. Contact phone number in Switzerland is; +41 43 508 4931, customer support email address is: [email protected]
On March 26th we tried to access FSM’s old website, and it is not working. Their new website is at https://www.fsmsmarts.com/.
For complaints or withdrawal issues, read this.
Warning! This Broker is NOT Licensed…
Only invest with a legal broker, look here
FSM Smart Reviews
Forex Investors and Crypto Traders at the broker FSM Smart can use any of the MetaTrader4 Desktop, Tablet or Mobile App trading platforms. Their list of available underlying assets for trading is officially over 600 assets. They have Forex / Currency pairs, along with Commodities like Gold and Silver, Stocks, Market Indexes and Crypto Currencies. In the demo version we could only see classic Forex pairs.
They officially offer four account types, and the difference between account types comes down to the spreads on instruments and leverage. Minimum deposit starts at $250, with 3 pip spreads and 1:400 leverage. Investors looking for greater leverage need a $10,000 account balance.
FSM Smart accepts client deposits via: Credit & Debit Cards, Wire Transfer, Credit Voucher, Vload, BitCoin Cash, BitCoin, Ethereum, Litecoin and MPWP.
Automated Trading Robots
All Forex brokers that offer MetaTrader4 have the ability to add a free Expert Advisor (EA) plugin to their software which trades for you. If you are interested in trading signals software, read here.
(Just be careful, because using any automated trading software is extremely dangerous, and you can quickly lose your entire trading account.)
Is FSM Smart a Legit Broker?
No, FSM Smart is not a licensed broker! Various government financial regulators including Canada and New Zealand have warned investors about this company.
The Scam Broker Investigator has reviews of hundreds of Forex brokers. The only way to know if a broker is legit or a scam, is by verifying their license.
Listed in this brokers terms and conditions page is also a Polish company; Memphis Investments Sp. zoo. With the recent volatility in the markets, especially Bitcoin and Oil, investors are now very much aware of the importance of only trading with a licensed and regulated Forex broker.
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