The main idea of this paper is to investigate the exact solutions and dynamic properties of a space-time fractional perturbed nonlinear Schrödinger equation involving Kerr law nonlinearity with conformable fractional derivatives. Firstly, by the complex fractional traveling wave transformation, the traveling wave system of the original equation is obtained, then a conserved quantity, namely, the Hamiltonian, is constructed, and the qualitative analysis of this system is conducted via this quantity by classifying the equilibrium points. Moreover, the existences of the soliton and periodic solution are established via the bifurcation method. Furthermore, all exact traveling wave solutions are constructed to illustrate our results explicitly by the complete discrimination system for the polynomial method.