FM Wealth Management has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 1 345 769 1360, +1-877-9040892
Addresses: PO Box 31084/242 Grand Cayman KY1-1205 Cayman Islands; 638 West Bay Road Grand Cayman KY1-1205 Cayman Islands This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.fmwealthmanagement.com.
If you are reading this considering FM Wealth Management - run. I wish I had read more negative reviews after attending a webinar they hosted. I thought the positive ones were real. Maybe some are. My experience over for nearly two years has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Professional team|Clear documentation
Cons: Live chat only during business hours
Where do I even begin with FM Wealth Management? for about ten months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Intuitive for beginners|Fast support response|High security standards
Cons: Live chat only during business hours
The onboarding at FM Wealth Management was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Transparent fees|Detailed reporting|Real-time alerts
Cons: Minimum deposit could be lower
FM Wealth Management locked my account without warning and demanded documents I had already submitted. for roughly four months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Risk management tools|Reliable uptime|Clean UI
Cons: Could offer more webinars
I referred a friend to FM Wealth Management after hearing about them at a conference. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Instant funding|No hidden fees|Segregated accounts
Cons: Minor UI glitches occasionally|Cannot customize dashboard fully
I am in a dispute with FM Wealth Management over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Wide product range|Fast deposits|Dividend tracking
Cons: Charting tools need more indicators