Forex Brokers

FSM Smart

1.5 (13 reviews)
🇦🇺 Australia
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1.5
13 reviews
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About FSM Smart

FSM Smart has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +18772989559

Addresses: Hertensteinstrasse 51 Lucerne Luzern 6004 Switzerland 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.fsmsmart.com.

Customer Reviews

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Still fighting for my withdrawal

M
Melody N.
2 weeks ago

Do not believe the bonus offer from FSM Smart. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after comparing multiple platforms and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.

Pros: Multi-device support|Great customer service|Competitive fees|Wide product range

Cons: None so far|Nothing significant

No ESG or ethical investing options

T
Tiffany G.
3 weeks ago

FSM Smart advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.

Pros: Fast execution|Tax reports included|Fast deposits|Clear documentation

Cons: Website design could be more modern|Nothing significant

Currency margin requirements unclear

E
Edward E.
2 months ago

I signed up with FSM Smart after attending a webinar they hosted and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.

Pros: Fast execution|Fast support response|Comprehensive tools|Transparent fees

Cons: Wait times can be long during peak hours

A company that does not deserve your trust

A
Alice T.
3 months ago

I opened an account with FSM Smart for roughly four months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.

Pros: Fast support response|Good mobile app

Cons: Minor UI glitches occasionally|No phone support on weekends

A joke of a company

S
Samantha W.
3 months ago

My withdrawal from FSM Smart was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since early this year of being strung along.

Pros: Good analytical tools|Low minimum deposit

Cons: Spreads widen during volatile periods|Could offer more webinars

Lost trust after my experience

S
Steven W.
3 months ago

After for the past six months with FSM Smart, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.

Pros: High security standards|Risk management tools|Portfolio tracking tools

Cons: No crypto staking|Inactivity fee applies after 12 months

Spam emails after unsubscribing

M
Monica N.
4 months ago

I am in a dispute with FSM Smart 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: Full transparency|Reliable uptime

Cons: No integrated tax optimization|Account statements could be more detailed

Estate planning support zero

K
Kayla N.
5 months ago

KYC with FSM Smart is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.

Pros: Clear documentation|Segregated accounts|Portfolio tracking tools|Multiple order types

Cons: Research section could be deeper

Licensed in a tax haven only

A
Andrea T.
7 months ago

I wanted to transfer my portfolio from another broker to FSM Smart. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.

Pros: Competitive fees|Two-factor authentication|No hidden fees|Dividend tracking

Cons: Limited ETF selection|No dark mode on mobile

Not worth a single penny

M
Mark I.
8 months ago

FSM Smart locked my account without warning and demanded documents I had already submitted. since the beginning of the year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.

Pros: Quick verification|Good analytical tools

Cons: Mobile app could be improved