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FSMSmart Forex and CFD Broker Review

FSMSmart Forex and CFD Broker Review
Petar Nola
Founded in 2017, FSMSmart is a leading global STP broker, providing investing and trading services in Forex and financial derivatives (CFDs), in English, Italian, Spanish, Russian and Portuguese. FSMSmart gives traders access to more than 600 trading instruments, on the MT4 suite of Forex platforms from $250, with competitive spreads, no hidden charges and high... Read more
Founded in 2017, FSMSmart is a leading global STP broker, providing investing and trading services in Forex and financial derivatives (CFDs), in English, Italian, Spanish, Russian and Portuguese. FSMSmart gives traders access to more than 600 trading instruments, on the MT4 suite of Forex platforms from $250, with competitive spreads, no hidden charges and high leverage. FSMSmart is operated by FSM Smart Ltd, company registration number 93905, with offices at Hertensteinstrasse, 51, Lucerne, Luzern 6004, Switzerland. FSMSmart is a non-regulated broker, providing services to customers across the globe (Except the USA, Iran and North Korea).
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  1. Founded in 2017, FSMSmart is a leading global STP broker, providing investing and trading services in Forex and financial derivatives (CFDs), in English, Italian, Spanish, Russian and Portuguese. FSMSmart gives traders access to more than 600 trading instruments, on the MT4 suite of Forex platforms from $250, with competitive spreads, no hidden charges and high leverage.

    FSMSmart is operated by FSM Smart Ltd, company registration number 93905, with offices at Hertensteinstrasse, 51, Lucerne, Luzern 6004, Switzerland. FSMSmart is a non-regulated broker, providing services to customers across the globe (Except the USA, Iran and North Korea).

  2. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    Your capital is at risk

  3. Account Features

    Traders can choose from four diverse trading account packages, tailored to meet the needs of all clients. All accounts have a minimum lot size of 0.01 and access to the MT4 trading platforms including mobile trading. Notably, the account packages are available as Islamic accounts. Moreover, traders can open a demo account for practice trading with virtual funds. Floating spreads are very tight from 1.5 pips on major FX pairs. Moreover, fixed spreads on major currency pairs are even tighter, from 1pip.

    FSMSmart Beginner Account

    • Minimum first deposit 250 USD
    • Floating spread
    • Account manager
    • Daily analysis
    • 24-hour support in multiple languages

    FSMSmart Silver Account

    • Minimum initial deposit 5,000 USD
    • Floating spread
    • Account manager
    • Daily analysis
    • 24-hour customer support in several languages

    FSMSmart Gold Account

    • Minimum initial deposit 20,000 USD
    • Fixed spread (tight)
    • Account manager
    • Daily analysis
    • 24-hour multi-lingual support
    • Free bank wire transfer

    FSMSmart Platinum Account

    • Minimum first deposit 100,000 USD
    • Fixed spread (ultra-tight)
    • Account manager
    • Daily analysis
    • Account manager
    • 24-hour multilingual support
    • Free bank wire transfer

    FSMSmart Demo Account

    A free Demo account is available at FSMSmart with $100,000 of virtual funds, allowing clients to become familiar with the MT4 trading platform features and tradeable assets. The Demo account is intended for risk-free practice and preparation for real money trading. Notably, setting up a Demo account does not require account verification or the deposit of real money.

    FSMSmart Islamic Account

    Followers of the Moslem faith can open an Islamic account at FSMSmart without any swap or interest charges.  The FSMSmart Islamic account is fully compliant with Sharia Law and provides trading on Forex, indices and commodities.  To begin the process, traders need to open a live trading account of their choice with FSMSmart, and make a request for a swap-free option, to the back office, by email given on the website. Customers will be asked for compliance documents and contacted by a representative of FSMSmart to discuss the activation of the Islamic account.

  4. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
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  6. Trading Software & Assets

    FSMSmart offers more than 600 assets on a the reliable, MetaTrader4 Forex trading platform designed to match orders fully, across global financial markets. The MT4 suite of platforms includes the MT4 desktop, MT4 WebTrader and MT4 mobile trading app for Android and iOS devices. Tradeable assets include more than 70 FX currency pairs, derivatives in Spot gold and Spot silver, commodities such as crude oil, Brent oil, natural gas and copper as well as leading global shares and indices.

    FSMSmart MT4 Desktop Platform Features

    The MT4 is a powerful trading platform (requiring software download), offering convenient, flexible trading to FSMSmart customers on desktop. Traders can choose from 3 execution modes, 2 market orders, 4 pending orders, 2 stop orders and a trailing stop. Above all, the software is renowned for its analytical functions, including 30 technical indicators, 23 analytical objects, online quotes and interactive charts in 9 time periods. Clients who don’t have time for trading, can subscribe to trading signals for copy trading. Thousands of traders with successful track records, provide trading signals to copy traders, for a subscription fee. This opens online trading to even the most inexperienced retail traders. Notably, algorithmic trading with Expert Advisors makes the MT4 a firm favourite with traders around the world. EAs enable trading strategies to be formalized and used for automated trading on the MT4 platform.

    FSMSmart MT4 WebTrader Features

    Linked to clients’ MT4 accounts, the FSMSmart WebTrader platform can be accessed securely at any time, from any internet connected device (Windows, Mac and Linux as well as iOS and Android devices). Features include one click trading, opening and closing of trading positions, limit orders and social trading. The web platform provides more than 30 technical indicators, 3 chart types and real time quotes in Market Watch.

    FSMSmart MT4 Mobile Trading Platform Features

    The MT4 trading app for iOS and Android phones and tablets provides secure trading across a wide range of financial instruments. With the FSMSmart MT4 mobile app, customers gain instant access to global markets with live quotes, 3 chart types and 30 technical indicators on a simple userface. Notably, the mobile app enables traders to monitor positions, and open new trades across all order types. Moreover, the mobile platform features price alerts, automatic order execution through one click trading, and automated trading with Expert Advisors. Traders interested in social trading can interact with their peers, exchanging ideas and trading strategies.

  7. If you want to trade with an award-winning licensed broker, we recommended using IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  8. Support Information

    Customers can contact the FSMSmart multi-lingual help desk 24/5, with any requests and enquiries. Live chat is available directly on the interface and a Swiss phone number given on the contact page along with an email address. Alternatively, customers can ‘get in touch’ by submitting the prepared form on the ‘contact us’ page. We found the General FAQs section very helpful, and worth reading before contacting customer support. Topics include, depositing and withdrawing funds, installing the MT4 software, and documents needed to verify a trading account.

    FSMSmart provides high quality educational support through a diverse range of resources on the website. Customers have free access to video tutorials, interactive courses, Forex E-Books and Forex calculators to enhance their trading skills, and get to grips with the fundamentals of Forex and derivative trading. Additionally, traders can refer to the video chart analysis, daily market summary and market reports, to follow the market sentiment affecting Forex markets.

  9. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  10. Banking & Company Information

    Customers can fund their accounts using bank wire transfer, E-Wallets including Skrill, Neteller and Yandex, as well as Visa and Mastercard credit/debit cards.  FSMSmart accepts other payment methods, subject to enquiries made by clients registering with the broker. At the time of writing this review, FSMSmart appeared to be accepting deposits in Bitcoin and Ethereum cryptocurrencies to fund their trading accounts. However, to make any financial transaction with FSMSmart, clients must first provide the information requested by the broker, in compliance with international anti-money laundering regulations (AML) and Know your Customer policy (KYC). Mandatory information for account authentication, includes the customer’s full name, date of birth, complete address, passport number and country of issuance. Customers must provide a colour copy of a valid ID card or passport and a recent utility bill as proof of address. Should a customer use a different credit/debit card to fund the account, to the one used to deposit on previous occasions, the client must provide proof of payment to FSMSmart. Withdrawal requests from clients are processed within 2 business days, as long as customers don’t have open or pending orders in their live trading accounts. Notably, withdrawals are done by the same transfer method used to deposit to the trading account and are free of withdrawal fees (excluding bank wire transfer). Bank wire transfers take 4-7 business days for the entire withdrawal process. However, credit card withdrawals require between 3 and 5 business days and withdrawals to E-Wallets require 1-2 business days.

  11. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    • FREE $10,000 demo account
    • Award-winning trading platform
    • Licensed and regulated broker

    Trade with an
    award-winning broker
    like IQ Option

     

     

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    12. Your capital is at risk
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