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FSMSmart Review
Traders Rating24 Votes2.7
Website: www.fsmsmart.com & https://www.fsmsmarts.com/
Address: Hertensteinstrasse 51 Lucerne, Luzen 6004, Switzerland
Email: cs@fsmsmart.com / cs@fsmsmarts.com
Phone: +18772989559 +41435084931 +412002997389 +412031018695 +412033616470 +412036261460 +412038970195 +412034723123 +41794373109 +41417809283
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FSMSmart Rating
FSM Smart Warning
FMA and FCA warns against this company! Stay away from FSMSmart!
Have You Been Scammed by FSMSmart?

 

 

Many reasons why you should avoid FsmSmart

 

A challenge that forex investors have, is to choose the right forex brokers. There are many different brokers. Some legit and some fraudsters. One of the brokers that you will come across is FSMSMART. When you read about them for the first time, you might think that this is great brokers that you can use safely. However, the moment that you read further, you will realize that there are many reasons why you should rather avoid this broker.

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Overview of Fsm Smart

 

FSMSMART is a forex broker and a CFD broker situated in Switzerland. They are making use of a swap-free version of the MT4 platform. They are offering a demo account and a couple of other account options that you can make use of.

They are even making use of multi-language options and makes use of different payment options. Making it easier to choose to use them. However, this doesn’t mean that they are legit. They have a customer support email for support.

 

Unregistered and unregulated

 

The main thing about them is that they are unregistered and unregulated. The most important thing that you should know about forex brokers. If they aren’t registered, they aren’t operating legally, and the brokers can’t be regulated. This means that they can set their rules and regulations to their needs. And, not to the basic rules and regulations of forex brokers.

This also means that they can take your money or froze your account without any warnings. Making you lose all your money in your account. This is why this is the first thing that you should look for before you choose to use a forex broker. And, FSMSMART doesn’t have a license.

 

Different accounts with minimum deposits

 

One thing that is making people consider FSMSMART is the fact that you are getting different accounts with minimum deposit options. You can choose the beginner option where the minimum deposit is $250. This is a lot of money to lose if you don’t use the best and most recommended brokers.

The problem is that many people are choosing more advanced options. This is because the leverage is so much higher. However, the minimum deposit is so much higher as well. And, this can lead to a higher profit or a higher chance to lose everything. And, because they are unregulated, you can lose everything without them doing anything legally wrong.

 

Demo account

 

With the demo account, this is the first sign that there is something seriously wrong with FSMSMART. This is because the demo account is an option, but it doesn’t work. This can lead to people signing up with the beginner account and deposit s$250. Just to lose it all.

A demo account is normally an option that you take, to see if the forex brokers are legit and if you can use their platform and make a profit before you are depositing real money into their account. The demo account is a way to get new investors, to get them to deposit money. A reason why you should not use them in any way.

 

Misleading information and incomplete rules and regulations

 

When you are on their website, they are giving you a lot of information. Information about why they are so growing and why they are recommended. The high-profit leverage, the different accounts and even the platform that they are using. The one thing that possible investors don’t realize, is that all this information is misleading. Lies just to get people to sign up with them.

Reading their rules and regulations, you will see that they aren’t regulated. This is because they have set up their own rules and regulations, and not made it according to regulation rules. This is why you should read the rules and regulations of brokers before you are registering with them. You will immediately spot rules and regulations that are fake and not regulated by regulators.

 

Blacklisted by many regulators

 

Something that you should take seriously is the fact that FSMSMART is blacklisted by many regulators. Meaning that they aren’t recommending the brokers in any way. And, that you are going to use them at your own risk.

It is really important to make sure that brokers that you are thinking about using aren’t blacklisted. When they are blacklisted, it doesn’t mean that they can’t operate anymore. It is just a warning that they aren’t approved by regulators and that the brokers aren’t legit.

 

Regulators warning and bad reviews

 

The regulator’s warnings and the bad reviews from previous investors should be enough evidence that FSMSMART isn’t recommended and should be avoided at all costs. The regulators know what to look for when they are investigating and inspecting forex brokers. And, if they are issuing a warning, then you should make sure that you know as much about the warning as possible. If they are blacklisting the brokers, you should not even consider using it in any way.

FsmSmart is one of the forex brokers that you can make use of for trading forex. However, if you are doing a bit of investigation, you will see that this isn’t one of the best and most recommended brokers at all. In fact, they are blacklisted and known as scammers. A place that you should stay away from. Regulators are warning people against these brokers and recommend to use someone else. Someone that is licensed and that is regulated. definitely, something that FSMSMART isn’t.

 

 

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Online Trading Scams / 8 Responses / by

Post Author: ScamRecovery

8 thoughts on “FSMSmart Review

  • RAJARAM SUBRAMONIAN

    (January 30, 2019 - 3:48 pm)

    Hi Guys beaware of the fraudulent trading company fsmsmart. I lost $51250. They speak very nicely and cheat systematically. I am going to post in the web sites about the company how I was cheated by the fraud FSMSmart. I got the communication recorded which I am going to float in you tube. Please spread this message across the globe. They call from these numbers +41 79 437 31 09 and +41417809283. This is just begining I will continue posting. They have fabricated trend they call it as MT4. They will show you some profit at the beginning and tempt you first then ask you to invest more money and loot your money at last. Ok guys please this spread this message as mych as possible

  • Kevin Wayne Boyd

    (March 29, 2019 - 7:51 am)

    FMS Smart based in Switerland is the Company . Andrew Jones is A Agent who talked me into investing more and more. Unfortunatly many attempts on my credit card failed as they were trying from there end to get it through (Teamviewer which is still connected along with Account Channel – Will allow it on screen and showing some money still there.) Amounts deposited = $ 100.00,$ 1,500.00, $1,250.00 ,$ 1,500.00 , $ 500.00 , $ 1,000.00 , And last $ 1,100.00 = Being a total $ 6,950.00 U>S>A>Dollars.Dates Between 27th ,Sept 2018 to 31st Jan 2019. Dissappeared about 25th March although Andrew Jones has not run since early March.

  • David A Matthews

    (April 22, 2019 - 4:40 am)

    just been try to be scammed fsmsmart but because watt i see on line it was scam

  • Fabio

    (May 10, 2019 - 4:08 pm)

    Aside of rude and persistent behaviours, I finally got at the point that cannot withdraw my money. I have loaded a few hundreds into my account and hardly made some profit which I am denied to withdraw at this point. Two weeks have passed and none is getting back in touch to tell me why my request is being ignored! I truly believe now this company FSMSMARTS is a scam!!

  • Fabio

    (May 15, 2019 - 11:31 am)

    I have to edit my previous review as I was finally able to withdraw some money from my account on FSMSMARTs! However, I had to play a trick to do this meaning that I promised I would invest more money later so that, all in a sudden, after my request for withdrawal was ignored for two weeks in 48hrs I had it processed and got my money back. Finally, my experience with this company is not positive and I feel now these people would not give back any money put to trade with them – also there is no control at all on them (which seems absurd to me!) and by the way they are ‘thirsty’ for money!

  • Yok Chye Heng Peter

    (May 24, 2019 - 9:36 am)

    I deposited US$5650 into FSMSmart brokers. Would like to get my money back.

  • steve

    (May 24, 2019 - 8:59 pm)

    i lost 12 000$ canadian

  • Rafiq Ahad

    (June 22, 2020 - 4:13 am)

    fsmsmarts is completely a scam. I lost over $16000. All phone numbers are fake, the only way to contact the so called Account Manager is whatsapp who are totally fraud. If you have invested money don’t invest anymore.

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