FSMSmart is an unlicensed Forex & Bitcoin broker, that opened in November 2017. You may have received an unsolicited phone call from one of their sales agents.
The broker FSM Smart offers investors and speculators CFD and Forex trading on assets like Forex, Bitcoin, Stocks, Oil, Gold, and Market Indexes. They have available more than 650 underlying assets to trade.
Spreads on the Forex pair Euro US Dollar, is 3 pips for beginners. Leverage and margin available is an extremely high 400:1 going up to 1000:1. These levels of margin are appealing to uneducated new investors, but not at all smart to utilize.
FSMSmart is a classic MT4 broker. They offer the web-based trading platform, along with the classic MT4 desktop software. Investors can also download the MT4 mobile trading apps for Android and iOS from the app stores.
Robo advisors and automated trading software is a popular concept with new investors. However, you must be very careful, and make sure you don’t fall for one of the scams that are promoted via email marketing and cold calling.
You can see the popular Forex trading robots today, listed here.
FSMSmart License Check
On August 3rd 2018, FMA warned the public not to deal with this company!
When traders and investors compare an online investing company, they always look for a Forex broker that is licensed and regulated in their home country. The most widely respected regulator of Forex broker in the world, is ASIC Australia.
Using an unlicensed broker is the cause of many complaints from investors in the forum.
FSMSmart is not licensed and not regulated. You can find the most popular licensed brokers listed here.
FSM Smart Ltd, Representative Address: Hertensteinstrasse 51 Lucerne, Luzern 6004, Switzerland.
Phone Number: +41 43 508 4931 | Email: [email protected] | Website: https://www.FSMSmart.com
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