A few weeks ago FinTelegram issued a request for information regarding the illegal broker platform FSM Smart (www.fsmsmart.com) and received interesting information. Shortly after the FinTelegram report and our queries, the operators have switched their domain. That’s the usual way for illegal broker schemes operating in the dark of the web. Here are the updates on our request for information for FSM Smart and its environment.
- Allegedly, Armin
Ordodarywould not be FSM Smart‘s ultimate beneficial owner, but through his UpmarktDOO only marketing partner to acquire new victims;
- The beneficial owners of FSM Smart, on the other hand, would be based in Minsk and conduct business from there via affiliates;
- FSM Smart switched the domain to www.fsmsarts.com registered on March 24, 2019;
Ordodary, however, is the Director and beneficial owner of the Serbian Boiler Room UpmarktDOO;
- Via Ordodary’s
NepCoreCRM platform more illegal broker sites like Trade12.com, TradingBanks.com, MTImartkets.com os MXTrade are operated whereby the hosting is carried out by the German company Hetzner GmbH. The website of the new domain for FSM Smart www.fsmsmarts.com is also hosted by this company;
We expressly warn against doing business with FSM Smart or using the other illegally operating broker platforms related to the NepCore platform. We are still investigating the background of FSM Smart broker scheme and Marshall Islands-registered FSM Smart Ltd and its people.
Report FSM Smart Activities And People
If you have any information on FSM Smart, NepCore, Armin Ordodary and/or the related entities and/or people, FinTelegram would be more than happy to receive it. Please use our whistleblower system to share your information with our research team in the very best interest of investors and the market. Together we can make a difference.