FSM Smart

Sharaga was founded in 2017 and since then has been actively developing in the Forex broker market. The company does not have a license from any regulator, which calls into question its reliability and safety for traders. However, it offers its clients various types of accounts, including educational and Islamic, as well as four main accounts for trading. The minimum deposit to start trading is $250 and the leverage offered varies from 1:50 to 1:400 depending on the chosen account type.

Scam Smart FSM states that it uses the STP order execution model, which allows traders to work without requotes and slippages, providing access to high liquidity. Of course, this is a lie. The project was created by swindlers who have no real access to markets. They trade against traders.

The company offers competitive spreads, both fixed and floating, and does not charge trading commissions, making it possible to calculate the potential profit from a trade in advance. However, profit is credited only to the internal account. The ability to cash out is blocked directly by counterparties.

Despite the lack of regulation, FSM Smart declares its commitment to providing secure and transparent trading services. This only causes laughter, given the illegal activities in the Russian Federation. Sharaga ignored the current legislation, preferring to work without a license from the Central Bank.

Trading conditions FSM Smart

Scam offers its clients a wide range of services and opportunities for trading on international financial markets. FSM Smart provides access to one of the most popular trading platforms in the world. MT4 is known for its user-friendly interface, advanced analytical features, automated trading with expert advisors, and support for custom trading strategies.

Clients can use both desktop versions of the platform and mobile applications for Android and iOS, as well as a web version to access trading from any device. However, this is not yet a reason to trust FSM Smart official website does not contain information about liquidity providers. The office prefers to manage quotes independently.

Kitchen offers several types of accounts to meet the needs of different categories of traders:

• Newbie: Minimum deposit is $250. This account is ideal for beginner traders who want to try their hand at trading on the real market with minimal risks;
• Silver: designed for traders with some trading experience, offers wider trading opportunities and conditions;
• Gold: an account for experienced traders who are looking for more favorable trading conditions and additional benefits;
• Platinum: Creates the most attractive conditions and exclusive benefits for professional traders.

Scam offers its clients access to educational materials and analytics to help them improve their trading skills and strategies. However, the level of value of this content raises big questions.

The scammers claim that support is available 24/7, but this is completely contrary to customer reviews. Many investors complain about technical support. Managers often ignore traders’ requests.

FSM Smart offers various methods of depositing and withdrawing funds:

• bank transfers;
• credit and debit cards;
• electronic payment systems.

All operations are carried out under special encryption, which ensures the security of financial transactions.

An independent review of the company’s commercial offer showed a complete lack of competitive advantages in FSM Smart Investments opening a trading account is not advisable, since the risk of losing savings is too great.

Exposing the FSM Smart broker: signs of fraud

According to statements on various platforms and user reviews, it appears to be a brokerage company offering investment opportunities in Forex as well as other financial markets. However, a deep dive into the details and customer reviews reveals warning signs that indicate potential fraud.

One of the clearest red flags is lack of regulation FSM Smart any reputable financial auditor. A broker that is not subject to the supervision of strict financial authorities cannot guarantee the safety of client funds and compliance with high business standards. Experts strongly recommend working only with brokers regulated by top agencies:

• SEC (USA);
• FCA (UK);
• BaFin (Germany);
• ASIC (Australia);
• FINMA (Switzerland).

Numerous customer reviews highlight a pattern of behavior characteristic of fraudulent schemes. Clients report situations where they were persuaded to deposit more and more funds under the pretext of unique investment opportunities, which ultimately led to the loss of all capital. Company managers pressured customers to top up their accounts and offer loans to increase investments, a classic sign of fraud.

Real customer stories also include cases where withdrawals became impossible. Under various pretexts and using complex conditions, clients were denied access to their funds, which further confirms the fraudulent nature of the activity. FSM Smart review project activities showed that the sharaga was embezzling other people’s money.

The brand of this scam is mentioned in warnings from several financial regulators – the British auditor FCA and the Swiss commission FINMA. These warnings serve as additional confirmation of the company’s questionable activities and risks for potential investors.

The combination of the above factors – lack of regulation, negative customer reviews, reports of scams and regulatory warnings – clearly indicates that FSM Smart represents a high-risk and potentially fraudulent transaction.