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.
FSM Smart changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Risk management tools|Economic calendar|Real-time alerts
Cons: Email notifications too frequent|Wish they had more educational resources
I referred a friend to FSM Smart after seeing their ad online. 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: Intuitive for beginners|Detailed reporting|Social trading features|Multi-currency support
Cons: No dark mode on mobile|No live chat on mobile
I had a dispute with FSM Smart and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Excellent charting|Clear documentation|Full transparency
Cons: Charting tools need more indicators