FSM Smart
Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?
![img/jpg](https://ratingforexx.com/wp-content/uploads/2024/02/FSM-Smart-obzor.jpg)
Review of the illegal broker FSM Smart - reviews of the lack of promised profitability
According to the founders of the office, FSM Smart is a brokerage company that offers its clients a variety of conditions for trading on international financial markets. The company focuses on providing quality services and supporting traders at all stages of working with the platform. Sharaga promises to provide access to a wide range of trading instruments, including forex pairs, precious metals, commodities and stocks, but in reality he simply creates a trading simulation, swindling investors’ money.
Status |
SCAM |
Year of foundation |
2017 |
Affiliate program |
No |
Regulation and jurisdiction |
No |
Website |
https://fsmsmarts.com/ |
Contacts |
+18772989559 Hertensteinstrasse 51 Lucerne, Luzern 6004, Switzerland |
- Loyalty requirements for the first deposit
- High spreads
- The site is not working
- Forex kitchen
Trading Platform |
MetaTrader4 (MT4) WebTrader Mobile Platform |
Types of accounts |
Beginner Account Silver Account Gold Account Platinum Account |
Currency |
USD, EUR |
Deposit/withdrawal |
Credit cards Visa/Mastercard/Maestro Electronic wallets Cryptocurrency International payment systems WebMoney, Skrill, Perfect Money, WebMoney, Neteller WireTransfer |
Minimum Deposit |
$250 |
Leverage |
1:1000 |
Min order |
0,01 |
Spread |
From 0.4 points (fixed and floating) |
Financial Instruments |
Cryptocurrency, currency pairs, indices, commodities, precious metals, international stocks, energy, futures |
Order execution |
Market Execution |
Bonus |
None |
About 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.
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Reviews about the broker FSM Smart
Customer reviews paint a troubling picture of this broker’s activities, pointing to numerous signs of fraud and dishonest behavior. Clients report psychological pressure from company managers who persuaded them to participate in dubious transactions, demanding to deposit more and more funds.
The schemes described in the reviews include promises of easy withdrawal of funds, followed by demands for additional investments under the pretext of even better deals. As a result, when users tried to withdraw their money, they were presented with unexpected conditions and restrictions, resulting in funds being blocked or completely lost.
Domain name change FSM Smart without redirecting from the old site, as well as connections to other dubious projects such as HQBroker, raises additional questions about their reputation and intentions. These actions may indicate an attempt to avoid responsibility for previous fraudulent activities and begin similar activities under a different name.
Reviews also highlight the lack of regulation and licensing FSM Smart, which is a critical factor for any broker seeking transparency and reliability. The spreads and terms offered by the company do not meet market standards, which further confirms their unreliability.
Clients who have lost their funds share stories about the inability to get back even part of the money invested, which confirms the nature of the office as a fraudulent organization that promises unrealistic returns and uses unscrupulous methods to attract and retain client funds. All this is supported by documentary evidence and recordings of conversations provided by the victims, which makes the warning against cooperation extremely relevant and justified.
No one has yet managed to make money by trading with FSM Smart reviews there are no complementary characters. Investors are unanimous in the opinion that the site is run by the most ordinary scammers.
Conclusion
Novice traders have no reason to trust FSM Smart personal account This broker made a big mistake and an extra headache. The office’s employees are only interested in appropriating other people’s investments. If you lose your savings due to the fault of the Forex kitchen, write to us. We will help withdraw money from a broker’s account. We will tell you in detail about all the nuances.
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FAQ
Customer reviews are one of the main criteria influencing the reputation and position of a broker in the ranking of reliable companies. You can view reviews about FSM Smart on the main broker profile page.
You must register on the official Forex Rating website. This procedure is free and will take very little of your time. To confirm your registration, you will receive an email with a link where you will find detailed instructions on how toleave a review about the company FSM Smart.
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Expert opinion
Broker FSM Smart – a hereditary swindler. The office was created by experienced scammers who have already canceled the project and moved to another domain. Now they continue to scam people out of money under a different brand. It is very dangerous to get involved with such scammers; it is better to keep your distance from them.