FSMSmart Review 2018

OPEN ACCOUNTYour Capital is at Risk

FSMSmartReview

FSMSmart Review

FSMSmart is an STP forex and CFDs broker. The broker also maintains a representative office at Hertensteinstrasse 51 Lucerne, Luzern 6004, Switzerland. The broker offers trading opportunities for more than 250 types of assets with extremely low spreads. With its advanced trading platform, FSMSmart aims to provide its clients with a leading edge in trading the dynamic financial markets.

FSMSmart Video Review

FSMSmart Regulations

In terms of regulation, FSMSmart does not come under the oversight of any leading financial regulator. Although it operates a representative office from Switzerland, this does not put its operation under the jurisdiction of the Swiss regulatory agencies.

FSMSmart Reliability

In terms of FSMSmart reliability, the broker uses the latest technology platform to help provide its clients with a stable and secure environment to conduct their online trading activities. Transactions on the website are secured to SSL encryption technology and all financial transactions are channeled through international payment processors.

fsmsmart-1

FSMSmart Trading Platforms

FSMSmart uses the popular MetaTrader 4 platform as the mainstay of its platforms. The platform has been recognized as the industry standard platform as it is used by the majority of the brokers in the industry. Many traders also prefer the MT4 platform as it has been proven to be reliable and highly customizable. In addition, the MT4 platform comes fully loaded with a wide selection of trading tools. For starters, it comes integrated with an advanced charting package and a large library of technical indicators which you can overlay over the charts. Other features of the MT4 platform include support for multiple order types, automated trading, and multiple languages.

Apart from the desktop client, FSMSmart has also provided its clients with the MT4 WebTrader and mobile trading. The WebTrader can be accessed using any updated web browser and does not require any software download or installation. It comes with all the main features of the desktop client as well. In addition, you can also copy the trades of other traders as well.

FSMSmart Mobile Trading

To cater to an increasingly mobile capable trading community, FSMSmart has also provided its clients with mobile trading apps which they can download from Google Play store or Apple App Store.

FSMSmart Trade Types/Instruments

In terms of trade types, FSMSmart allows you to trade in the spot forex, spot metals, and CFDs market. There are 5 major markets which you can trade in, forex, precious metals, commodities, shares and market indices. For forex, there is a selection of more than 70 different currency pairs. With precious metals, you can choose Gold, Silver or Platinum. There is also a selection of hard and soft commodities which can trade with as well. FSMSmart also cover a wide range of global stocks and market indices.

FSMSmart Account Types

There are 4 main types of trading accounts offered by FSMSmart. They include the following:

Beginner Account

  • Minimum deposit of $250
  • Account Manager
  • Daily Market Analysis
  • Floating spreads

Silver Account

  • Minimum deposit of $5000
  • Account Manager
  • Daily Market Analysis
  • Floating spreads

Gold Account

  • Minimum deposit of $20,000
  • Account Manager
  • Daily Market Analysis
  • Floating spreads

Platinum Account

  • Minimum deposit of $100,000
  • Daily Market Analysis
  • Free Bank Wire
  • Floating spreads

For the benefit of those who want to try out the services offered by FSMSmart before they start to co commit real money, the broker has also provided a demo account which comes preloaded with $100,000 in virtual cash. With the demo account, potential clients of FSMSMart can try out the trading platform without having to risk any of their money.

FSMSmart Commissions & Spreads

Spreads at FSMSmart can be fixed or floating. The broker offers ultra-tight spreads with floating spreads starting from as low as 1.5 pips on major currency pairs. Fixed spreads, on the other hand, starts from as low as 1 pip. The following table below shows some of the typical floating spreads which you will encounter while trading currency pairs and spot metals.

Instrument Floating Spreads (in pips)
EUR/USD 1.5
GBP/USD 1.5
USD/JPY 1.5
USD/CHF 2.0
EUR/CHF 2.0
CHF/JPY 3.0
Gold 2.5 cents
Silver 2.5 cents
GBP/CHF 3.0
EUR/JPY 2.0

At present, the leverage ratio offered by FSMSmart is as high as 1:400. 

FSMSmart Deposits & Withdrawals Options

To help facilitate the funding and withdrawals of their client accounts, FSMSmart has provided 3 main methods of fund transfers. These methods include:

  • Bank Wire Transfer
  • Credit/Debit Cards such as VISA and MasterCard
  • eWallets such as Skrill, WebMoney, and Neteller

fsmsmart-3

All the methods mentioned above are available for deposits or withdrawals.

With regards to withdrawals, the time taken for the entire withdrawal process to be completed depends on the methods used:

  • Bank wire transfer – 4 to 7 business days
  • Credit cards – 3 to 5 business days
  • eWallets – 1 to 2 business days

Take note that all your open positions must be closed before you are permitted to make a withdrawal request. According to FSMSmart, this is to prevent the risks of the open positions being closed vis Stop Out. Once the request is approved, the funds withdrawn will be deducted from the account balance and free margin.

FSMSmart Bonus & Promotions

At present, FSMSmart does not have any form or bonuses or promotional offers.

FSMSmart Customer Support

Customer support at FSMSmart is provided on a 24/5 basis. You can reach our support team via email, live chat, or web contact form. You can also call them directly on the telephone.

As an added benefit, the customer support service is available in various different languages such as Italian, Spanish, Russian, Portuguese and French.

Pros and Cons

Pros

  • Advanced Trading Platform
  • Choices of trading accounts
  • Competitive Spreads
  • Multilingual Support

Cons

  • Unregulated Broker
  • Platform choices limited to MT4

FSMSmart Q&A

  • Is FSMSmart regulated?

No. FSMSmart is not a regulated forex broker under any financial regulatory agency.

  • Where is FSMSmart based?

FSMSmart is based in the Marshall Islands but operates from Switzerland.

  • How does FSMSmart make money?

FSMSmart makes its money by charging its clients a small spread on all the trades that are carried out through its trading platforms.

  • How do I deposit in FSMSmart account?

FSMSmart supports deposits through bank wire transfer, credit/debit cards, and e-wallets.

  • How do I withdraw money from FSMSmart?

Withdrawals of funds from FSMSmart can be initiated through bank wire transfer, credit/debit cards and e-wallets such as Skrill or Neteller.

  • How do I open an account with FSMSmart?

To open an account at FSMSmart, simply click on the “Register” button and complete the registration form. Once completed, submit the form with all the necessary documentation.

  • Is FSMSmart reliable?

Yes, FSMSmart is a reliable broker. The broker abides by all international regulations regarding AML and KYC policies. In addition, the broker also operates by industry best practices.

  • Does FSMSmart use MetaTrader?

Yes. FSMSmart uses the MT4 trading platform.

  • What is FSMSmart’s leverage?

The maximum leverage offered by FSMSmart is 1:400.

  • Is FSMSmart a scam?

NO, FSMSmart is not a scam. The broker is a legitimate forex broker that is popular among many traders in the online trading community.

  • How safe is FSMSmart?

FSMSmart is a safe broker as the broker uses the latest encryption technology to help to secure its website from hackers.

Conclusion

On the whole, FSMSmart has all the necessary ingredients to be a top leading forex broker. The broker has been able to provide all the essential services efficiently as well as a secured trading environment for all its clients to enjoy. In terms of customer support, the broker has also gone to great lengths to ensure that you will be able to receive all the help that you need whenever you need it.

FSMSmartOverview

Company Information

Broker DetailsInfo
Headquarters CountrySwitzerland
Foundation Year2017
Publicly TradedNo
Number Of Employees200

Deposit Options

Cash-U, Credit Card, Moneybookers, Neteller, PayPal, QIWI, Skrill, Webmoney, Western Union, Wire Transfer

Withdrawal Options

Cash-U, Credit Card, Moneybookers, Neteller, PayPal, QIWI, Skrill, Webmoney, Western Union, Wire Transfer

Contact Information

Trading Account Options

Account TypeInfo
Min. Deposit$250
Max. Leverage1:400
Mini AccountYes
Demo AccountYes
Premium AccountYes
Islamic AccountYes

FSMSmart Trading Features

Suitable For

Trader LevelYes/No
BeginnersYes
ProfessionalsYes
Day TradingYes
Weekly TradingYes
Swing TradingYes

Customer Service

TimeYes/No
24 Hours SupportYes
Support During WeekendsYes

Customer Support Languages

English, French, Italian, Portuguese, Russian, Spanish

Trading Services

ServiceInfo
Supported Trading PlatformsMT4
Commission On TradesYes
Fixed SpreadsYes
Educational ServiceYes
SignalYes
Email AlertsYes
OCO OrdersYes
Trailing SP/TPYes
Automated TradingYes

Supported Instruments

Instrument TypeYes/No
CurrenciesYes
CommoditiesYes
CFDsYes
IndicesYes
ETFsNo
StocksYes
BondsYes
CryptocurrenciesNo

FSMSmartUser Reviews

Rate this broker
  • 5.0
    Good spreads
    james
  • 5.0
    Highly recommended this broker
    Benjamin
  • 5.0
    Over roll good broker
    Dan
  • 5.0
    many types of payment methods
    Arthur
  • 4.0
    Huge selection of trading assets
    Larry
Read More FSMSmart User Reviews

Latest Tweets by @fsmsmart

Open Account at FSMSmartYour Capital is at Risk

Top Promotions

Top Brokers