Samtrade FX Review

Richard Montana | March 24, 2022

Samtrade FX is a financial brokerage firm that specializes in the provision of trading services to retail and institutional traders alike, providing affordable, swift and reliable access for the online trading of global markets. You can trade CFDs on Forex, Cryptos, Stocks, Indices and Commodities, all from the popular and user-friendly MetaTrader 4 platform. Samtrade FX operates the STP/ECN brokerage model which ensures client get access to some of best trading conditions such as tight spreads, low commission fees and rapid execution speeds. The minimum deposit to open an account is just $10 whereas they have a good selection of account types, funding methods and leverage of up to 1:1000. Free demo accounts are also available if you would like to practice trading online to begin with.

Important update: Samtrade FX suspends operations in response to Singapore probe. Samtrade FX is being jointly investigated by the Commercial Affairs Department (CAD) of the Singapore Police Force and the Monetary Authority of Singapore (MAS) for possible offences under Section 82 of the Securities and Futures Act 2001. In an official response to the CAD’s indictment of its executives, as well as MAS’s investigation, Samtrade FX said it will immediately suspend local and overseas business operations of their “key operating entities and other affiliated entities.” The suspension includes account opening, account changes, settlements, payments, opening and closing of trades.

Broker Pros / Cons
  • Regulated brokerage firm
  • Access to trade on the intuitive & popular MT4 trading platform
  • Lots of trading instruments to choose from
  • Social trading through CopySam
  • Portfolio management via SamTrack
  • Trade signals courtesy of third-party partners
  • Various account types & funding options
  • Fast & reliable trade execution speeds
  • Tight spreads
  • Low commission fees
  • Cash rebate programme
  • Islamic accounts
  • Demo accounts
  • S.A.M. Academy with educational resources
  • Professional & dedicated customer service
  • Maximum security of funds
  • Winner of multiple broker awards
  • No MetaTrader 5 platforms
  • Residents from several countries are not accepted
  • Demo accounts expire after 30 days

Summary

Founded by Sam Goh, Samtrade FX was incorporated in Saint Vincent and Grenadines in 2015 and later rebranded to S.A.M. Trade. They have a regional presence in the United Kingdom, Australia, Malaysia, Indonesia, Thailand, Hong Kong as well as Shanghai to provide an all-round, personalized service to clients and partners. The broker has the core of its operations in the Asia-Pacific region where it is headquartered in Malaysia. Presently, the broker has over 50,000 retail and institutional customers, over 150 partners and over 3,000 daily investments.

In line with the brokers objectives of simplifying forex trading access to its traders, Samtrade FX utilizes the globally renowned MT4 trading platform, which is known for its flexibility, simplicity and versatility. You can trade a vast range of markets from the MT4 desktop, web and mobile platforms.

They have hundreds of CFD instruments including forex currency pairs, stocks, indices, commodities and cryptos. The broker implements no restrictions on trading strategies, welcoming scalping, news trading and expert advisors for automated trading. It doesn’t matter what your investment size is or the previous trading experience you have, all clients are treated with the upmost esteem.

Samtrade FX asserts that it operates the STP/ECN brokerage model and has no dealing desk (NDD). This means that the broker aggregates its prices from various liquidity providers (LPs) such as UBS, BNP Paribas, Barclays, JP Morgan, Goldman Sachs, etc and streams them directly to the MT4 trading platform.

Its modern aggregation engine helps to ensure that trades are executed swiftly and efficiently with client orders routed to the LPs for execution at the best available bid/ask prices without the broker’s intervention. This helps top make sure that there is no conflict of interest between the broker and trader as orders go directly through to the market.

Samtrade FX has won multiple awards over the years which is testament to the industry leading trading products and services that they provide. Some of the more recent awards includes “Best Forex Trading Platform, Asia 2020”, “Best Forex Introducing Broker, Asia 2020″, and ” Best Forex STP/ECN Broker 2020″ from the London Trader Show 2020.

Samtrade FX Broker Awards

Samtrade FX Broker Awards

Some of the numerous brokerage awards Samtrade FX have won includes:

  • ‘Best STP/ECN broker 2016’ won at the China (Shenzhen) Forex Expo
  • ‘Best Forex broker of the year 2017’ received at the China International Investments and Financial Expo
  • ‘Most influential broker in Asia 2019’ which was won at the Kuala Lumpur WikiFX Expo
  • ‘Best FOREX ECN/STP Broker’ won at The London Trader Show 2020
  • ‘Best Forex Trading Platform, Asia 2020’ won at The London Trader Show 2020
  • ‘Best Forex Introducing Broker, Asia 2020’ won at The London Trader Show 2020

S.A.M. Trade is in partnership with some of the world’s best technology providers to provide clients with a seamless and secure trading environment. The technology implemented at S.A.M. Trade is known as Electronic Communication Network (ECN). An ECN is a type of computerized network that facilitates the trading of financial products outside traditional stock exchanges. It connects major brokerages and individual traders so they can trade directly between themselves without going through a middleman and make it possible for investors in different geographic locations to quickly and easily trade with each other.

Operating as an STP/ECN brokerage, S.A.M. Trade client’s trades are passed on straight to the brokers liquidity providers who are able to offer very tight spreads due to the huge volumes they are dealing in, meaning under standard market conditions spreads tend to be much tighter. The STP/ECN model is preferred by many traders, as firms operating in the STP/ECN model are often able to offer more competitive spreads. They only make a marginal profit on commissions, which stems from traded volume which can be reduced via the SamRewards program.

S.A.M. Trade clients also get access to some excellent trading tools, social trading signals, portfolio management, helpful educational resources and added security put in place to ensure a secure and reliable trading environment.

S.A.M. Trade Features

S.A.M. Trade Features

Regulation

Samtrade FX is regulated by the Financial Services Authority of the St. Vincent and the Grenadines (SVGFSA). This authority controls and regulates the market of financial services and financial non-banking companies according to the St. Vincent & the Grenadines National Economic and Social Development Plan.

Samtrade FX is regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) with the registration number: M19977589. FINTRAC monitors transactions to identify and prevent illegal financial activities.

S.A.M. Trade (Asia) Pte Ltd (OTCMKTS: SMFX) is publicly traded on the OTC Markets in the United States of America. Over-the-counter markets are where stocks that aren’t listed on major exchanges such as the New York Stock Exchange or the Nasdaq can be traded. More than 12,000 stocks trade over the counter, and the companies that issue these stocks choose to trade this way for a variety of reasons.

Samtrade FX is also a member of the Financial Commission (FinaCom), a Hong Kong based external dispute resolution organisation in the financial services industry. If an aggrieved client approaches FinaCom and wins the case, the client can be eligible for compensations up to €20,000 per case.

S.A.M. Trade state that they take multiple measures to help assure the safety of its clients’ funds. The deposits are maintained in segregated bank accounts through custodian trust accounts. This is to make sure that funds cannot be used for any other purposes such as business running costs.

S.A.M. Trade understand the importance of fund protection to clients which is why they also created the 6 pillars of fund security, known as SamAide. This aims to further ensure that the broker meets the highest possible industry standard on a daily basis and help to give clients peace of mind that they are protected. The SamAide 6 pillars are as follows:

  • Segregated Clients’ Funds
  • Professional Indemnity Insurance
  • Third Party Insurance
  • A Member of the Financial Commission
  • Negative Balance Protection
  • Real-time Deposit and Withdrawal Notification

Whilst the broker welcomes traders from all over the globe, there are some countries that they are not able to accept clients from, including the USA, Iran, Japan, North Korea and Spain.

Platforms

S.A.M. Trade clients can use the industry standard MetaTrader 4 platform that was developed by MetaQuotes back in 2005. It still remains a top choice for Forex and CFD traders to this very today. Established in 2000, MetaQuotes is considered as one of the leading developers of software applications for brokerages, banks, and exchanges. The company’s representative offices are located in many countries around the world.

Samtrade FX MT4 Trading Platforms

Samtrade FX MT4 Trading Platforms

MetaTrader 4

MetaTrader 4 (MT4) is one of the most popular trading platforms used globally for online forex and CFD trading. The user-friendly interface makes it suitable for traders of all experience levels. MT4 comes preloaded with technical analysis tools, multiple order types and various chart time frames. The platforms capabilities can be expanded via the installation of add-on software which can be in form of technical indicators, expert advisors (EAs), trading tools, scripts, news and analysis packages, etc. MT4 supports automation of trading strategies using EAs which can also be back tested over historical data using the MT4 strategy tester. Samtrade FX offers the MT4 platform for both Mac OS and Windows computers.

MetaTrader 4 is a platform designed to provide clients with the best trading experience, analysing financial markets, as well as using Expert Advisors. The MetaTrader 4 platform is a lot more than just a state-of-the art trading platform. Its distributed architecture, robust security system, convenient mobile trading, and innovative automated trading are some of the core competences that give MetaTrader 4 its compelling competitive advantages, thus offering the perfect solution to the most demanding trading needs.

Some of the most prominent MT4 features include:

  • Live price quotes
  • Hundreds of trading instruments
  • Multiple chart windows
  • Various chart types
  • 9 chart timeframes
  • 4 order types
  • 30+ technical indicators
  • 31+ graphical objects
  • Automated trading
  • Strategy tester
  • Price alert notifications
  • Fully customisable interface
  • Create, save and load chart templates
  • Marketplace to get additional trading tools
S.A.M. Trade MT4 Platform

S.A.M. Trade MT4 Platform

MetaTrader 4 Mobile App

Samtrade FX also caters for mobile traders with its MT4 mobile apps. These trading apps maintain the same analytical, trading and charting capabilities as the desktop version. However, there are limitations such as lack of support for running automated trading systems. The MT4 app comes in both Apple iOS and Android versions that are available to download from the relevant app stores free of charge.

The MT4 app is great for those who want to trade whilst on the go. You can analyse the markets, place and manage trades, from anywhere in the world provided you have an internet connection. MT4 mobile gives you complete control over your Samtrade FX trading account and supports all order types and execution modes.

  • Real-time quotes of financial instruments
  • Full set of trade orders, including pending orders
  • Trading from charts on mobile devices
  • All types of trade execution
  • Complete trading history
  • Complete control over a trading account
  • Trading from anywhere 24/5
  • Interactive symbol charts
  • 3 types of charts: bars, Japanese candlesticks and broken line
  • 9 timeframes: from one minute to one month
  • 30+ of the most popular technical indicators
  • 24+ analytical objects
  • Push notifications
S.A.M. Trade MT4 Mobile App

S.A.M. Trade MT4 Mobile App

MetaTrader 4 Web Platform

The MT4 platform has been optimized for web use resulting in an industry leading online platform with full functionality so that traders can execute their trades on a platform designed specifically for the web. The MT4 web trader offers everything expected from the best online trading platforms including the same navigation and functionality as the desktop application.

Integrated universal cross-browser compatibility ensures user friendly accessibility. And with MT4 Web performing flawlessly on all leading browsers including IE, Chrome, Firefox and Safari; trading online has never been more accessible. What’s great about it, is that it can run directly in most modern web browsers without you needing to download or install any software.

  • Access to your portfolio and trades
  • Trade Forex & CFD’s in your browser
  • Instant access to live market quotes
  • Conduct market analysis
  • Advanced built-in charting tools
  • No downloads required
  • Full account management
S.A.M. Trade MT4 Web Trader

S.A.M. Trade MT4 Web Trader

Tools

The S.A.M. Trade MetaTrader 4 platform is packed with more trading tools than the majority of retail traders would ever need. Not to mention that you can download thousands of free and paid trading tools from the MT4 marketplace which is accessible from directly within the platform.

That being said, the broker has kindly provided some extra trading tools to help make sure their clients have as enjoyable a trading experience as possible and that they stand out from the competition with some unique features such as SamTracks and CopySam.

Economic Calendar

There is an economic calendar on the Samtrade FX website which lists the upcoming economic events, their dates, time, and analysts’ consensus of the impacts on the financial markets as well as the actual impact when the event finally happens. Clicking on any event shows its details including charts. This is a useful tool for traders who use fundamental analysis methods.

Samtrade FX Economic Calendar

Samtrade FX Economic Calendar

SamTracksTM

This is a portfolio management service powered by Samtrade FX. You can easily check performances, allocate funds and monitor the process. It is imperative that you understand there are no guarantees at all on what the results will be and you can lose all of your investment. Online trading is extremely risky and you should never trade what you cannot afford to lose.

Samtrade FX SamTrack

Samtrade FX SamTrack

CopySamTM

This is a trade copy service provided by Samtrade FX. It allows traders to follow and copy the trades of other traders. It is compatible with the MetaTrader 4 platform and runs on a virtual private server (VPS). It has automated payment software that takes care of payments for the copy service and has a sophisticated profit and loss tracking software. CopySamTM can be customized to suit most trader’s individual needs. It is again imperative that you understand there are no guarantees at all on what the results will be and you can lose all of your investment. Online trading is extremely risky and you should never trade what you cannot afford to lose.

S.A.M. Trade CopySam

S.A.M. Trade CopySam

Trade Signals

Traders have the opportunity to get trading signals on Samtrade FX through its partners. Samtrade FX insists that it does not guarantee the accuracy of the signals and are not responsible for any content from these third parties.

S.A.M. Trade Signals

S.A.M. Trade Signals

Education

S.A.M. Trade emphasise that they care about the success of their clients by providing a good range of educational resources which can help to encourage traders to make informed trading decisions. You can get access to various trading guides, courses, seminars, webinars and more.

Samtrade FX Traders Education

Samtrade FX Traders Education

Trading Academy

Samtrade FX has 6 articles providing information on the basics of forex, CFD and commodities trading through its academy section. These articles break down the fundamentals and mechanics of trading these securities. It also contains important trading terms necessary for every trader.

Trader’s Club

There is also the opportunity for traders to get both physical and online training through the trader’s club. Here, experienced instructors teach the students in many aspects of online trading. Mentorship and consultation along with market analysis are available after the training period to ensure the student is up and running with what they have learned. For traders who like an individualized educational approach, this is available through regular consultations both online and offline. There is a membership fee of $10,000.

Markets

Samtrade FX offers forex trading on 32 currency pairs which consists of 14 major currency pairs and 18 minor currency pairs. The broker also offers CFD trading on 16 indices and 5 commodities including gold, silver, oil and gas.

In addition to this, you can trade cryptos 24/7 which is something we rarely see from many other brokers and can be a great benefit to clients of Samtrade FX who have an interest in Bitcoin, Ethereum and other cryptocurrencies.

Clients can trade with very competitive trading conditions, low spreads, zero commission fees and margin. It doesn’t matter what your interests are, there is something for everyone to trade.

CFD Trading

CFD trading is the method of speculating on the underlying price of an asset – like forex, indices, commodities, shares and more – using a trading platform like Samtrade FX. A CFD – short for ‘contract for difference’ – is the type of derivative that enables you to trade the price movements of these financial markets with them. With this form of trading, you don’t own the underlying asset – you’re only getting exposure to its price movements. This means you can buy and sell CFDs with S.A.M. Trade depending on what direction you think the underlying assets price will move. The difference in price from when you enter and exit your position, is the profit or loss minus any broker fees.

One of the things that makes CFD trading popular is that it can be leveraged. Leverage enables a trader to open a position size greater than they would have been able to without it. For instance, if you had an account balance of $1,000 and leverage of 1:500, you could in theory take a position size of $500,000 because $1,000 x 500 = $500,000.

Whilst this can improve the profit potential, it also significantly increases risk exposure. It is therefore very important to make sure you have a clear understanding of what leveraged trading is and how it works before trading with it. S.A.M. Trade actually have some helpful educational guides on their website which cover topics including leverage.

Accounts

Samtrade FX have a variety of different account types to cater to individual trading needs. A commission of $5 per lot is charged on every forex and commodities trade and $1 per lot is charged on indices. However, there are also commission free account options where the cost is included within the spread. The benchmark EUR/USD spread ranges from 1.7-2.0 pips. The minimum deposit is just $10 whilst you can get a free demo account and swap-free Islamic account if need be. The maximum account leverage goes up to 1:1000 for qualifying clients, terms and conditions do apply.

The account type that you choose to open with the broker is probably going to depend on your trading style. Some traders may want the lowest possible spreads if they plan on trading multiple positions throughout the day whereas others who are holding positions for days, week or even months, may not be too concerned about the spread. Either way, they have account to meet the demand of all types of trader.

S.A.M. Trade offers the following account types to its clients:

Standard Account

This is the classic forex trading account for all traders. It offers a wide range of basic trading account features for individual traders. Here traders can trade CFDs including Forex, Stocks, Indices, Cryptos and Commodities on the MT4 trading platform.

  • $10 minimum deposit
  • Standard variable spreads
  • $0 commission
  • 1:1000 max leverage
  • Negative Balance Protection
  • 24/5 Technical and Account Support
  • Daily Trade Call

VIP Account

The VIP account is for traders who are looking for tighter spreads. You get a few additional benefits such as priority customer support.

  • $10 minimum deposit
  • Tighter variable spreads
  • $0 commission
  • 1:1000 max leverage
  • Priority Customer Support
  • Negative Balance Protection
  • 24/5 Technical and Account Support
  • Daily Trade Call

ECN Account

The ECN account also has priority customer support and the best spreads that S.A.M. Trade offers out of all the account types. As the spreads are the lowest possible, there is a small $5 commission fee on each trade position that you take. This is very competitive when compared to other brokerage commission fees. The minimum deposit for the ECN account is slightly larger at $100, compared to $10 on the other account types.

  • $100 minimum deposit
  • The best variable spreads
  • $5 commission
  • 1:200 max leverage
  • Priority Customer Support
  • Negative Balance Protection
  • 24/5 Technical and Account Support
  • Daily Trade Call

Islamic Account

These accounts are swap free and designed to comply with the Sharia law in the Islamic faith which is against interests in any financial transaction. In this account, there are no roll over or swap fees on overnight trading.

  • $10 minimum deposit
  • Swap-free account
  • Standard variable spreads
  • $0 commission
  • 1:500 max leverage
  • Negative Balance Protection
  • 24/5 Technical and Account Support
  • Daily Trade Call

Joint Account

This account type is for two or more people who are pooling resources together to fund their trading activities. It is a popular choice for couples and business partners as it enables any of the signatory parties to the account to initiate trading transactions and access funds.

Corporate Account

This account type was designed for corporate and institutional customers. It enables the handling of large funds as well as bulk orders. Transactions on this account are processed via the many liquidity providers implemented within Samtrade FX.

Demo Account

For anyone who wants to practice trading before depositing real funds, Samtrade FX offers a demo account. This enables you to try the brokers services and to familiarise yourself with the trading platforms. once you feel confident enough and have had some success with your trading strategies, you amy then switch over to a live account. Please note that demo accounts do expire after 30 days but you can always ask them to extend it longer for you.

SamRewards

You can earn points through the SamRewards program based on your trading volume and activity. Generally speaking, the more you trade, the more points you can gain. These points let you upgrade through a tier-based system where you can exchange your points for prizes. This is a great way for the broker to award clients for their loyalty and give them something back in return for their business.

S.A.M. Trade SamRewards

S.A.M. Trade SamRewards

Support

Samtrade FX aims to respond to customer inquiries from Monday to Friday (24/5) through the contact form on the brokers website. They also have a Facebook page under the name ‘Samtrade FX’ which can also handle enquiries. The instant web chat is accessible by registered clients and can be a great way to speak to someone at S.A.M. Trade right away.

Funding

Samtrade FX have a good variety of account funding options for quick, easy and secure payment to and from your trading account. The following methods are available for the deposit and withdrawal of funds:

Bank Transfer

This method takes between 1-4 business days for complete processing of the funds transfer. Samtrade FX does not charge any commissions when accepting deposits through bank transfer. However, the client has to take care of any bank charges that arise from his bank.

Debit/Credit Cards

Deposits through Debit and credit cards are processed within an hour if it is on a business day. Like the bank transfer method, a minimum of $20 can be sent or withdrawn through this method with no maximum. Samtrade FX accepts Visa, MasterCard and UnionPay cards. The client pays any charges that may be imposed by the payment processors.

Cryptocurrency

Samtrade FX can accept crypto deposits and withdrawals. Keep in mind that you may incur a blockchain fee when paying in cryptos.

Samtrade FX Funding Options

Samtrade FX Funding Options

Signup

To create a new trading account, visit the official Samtrade FX website and click on ‘Open Live Account’ which is found above the menu bar. The form below displays.

Samtrade FX Registration Form

Samtrade FX Registration Form

Select the account type, login info, personal information, residential address, email and phone number. Then, click on ‘open account’. Immediately, you are presented a 4-step form.

Select the desired leverage, fill your employment information, check US resident declaration and click ‘save particulars’. On the next page, upload verification documents or temporarily skip if the documents are not ready.

Next, you are presented the ‘Questionnaire’ which asks about your investment background, net worth and source of funds. This is to check your suitability for the trading services and product offered.

At this juncture, the new account is created and a ‘thank you’ message is displayed. Samtrade FX will approve the new account after verifying the submitted documents.

FAQ

What is the S.A.M. Trade minimum deposit?

The minimum deposit required by S.A.M. Trade is only $10.

How do I deposit money into S.A.M. Trade?

You can fund your S.A.M. Trade account using bank transfer, credit/debit card and cryptocurrency.

What are the S.A.M. Trade deposit fees?

S.A.M. Trade do not charge any deposit fees but you may incur a banking or processing fee depending on the payment method you use.

How do I withdraw money from S.A.M. Trade?

You can withdraw funds from your S.A.M. Trade account via wire transfer, card and cryptocurrencies.

What are the S.A.M. Trade withdrawal fees?

There are no fees with S.A.M. Trade to withdraw your funds back to your credit/debit card or 3rd party provider account/wallet. However, you may incur fees associated with the payment method provider themselves around an incoming transaction. Blockchain network fees apply to crypto transactions and this solely depends on Blockchain.

What is the S.A.M. Trade commission fee?

S.A.M. Trade have commission free accounts where the fee is included within the spread. They also have a commission-based account with a small $5 fee but tighter spreads.

Are there any S.A.M. Trade inactivity fees?

S.A.M. Trade do not make mention of inactivity fees on their website.

What are the S.A.M. Trade account types?

S.A.M. Trade offer various types to cater for different clients. There is the standard account, VIP account, ECN account, along with demo accounts and Islamic swap-free accounts.

Is there an S.A.M. Trade demo account?

Yes, you can open an S.A.M. Trade demo account at no cost. It comes preloaded with virtual funds so that you can test out your trading strategies without any risk and see if the broker is for you.

What are the S.A.M. Trade spreads?

S.A.M. Trade have floating spreads that change depending on the liquidity providers.

What is the S.A.M. Trade leverage?

S.A.M. Trade have leverage of up to 1:1000 available for qualifying clients, terms and conditions do apply. You should be aware of leveraged trading, how it works as well as the risks involved.

What is the S.A.M. Trade stop out level?

If you reach 100% of your available Margin in your trading account, a Margin Call will be triggered which will prevent you from opening any more positions. A stop out is an automatic trigger that will close your order on your behalf, once your available margin falls under 50%. This is triggered so that your account does not end up with a negative balance.

Do S.A.M. Trade allow hedging, scalping, news trading & expert advisors?

Yes, Samtrade FX do not have any specific restrictions on trading styles. All trading strategies are welcome.

Is there an S.A.M. Trade Islamic account?

Yes, there is an S.A.M. Trade Islamic account for Muslim traders that does not charge any swap fees, making it compliant with Sharia law.

What are S.A.M. Trade trading instruments?

S.A.M. Trade clients can trade CFDs on forex, stocks, indices, metals, energies, commodities and cryptocurrencies.

How do I open an S.A.M. Trade live account?

You can open a live account by clicking the “open live account” button located at the top of the brokers website.

How do I verify my S.A.M. Trade account?

You can verify your S.A.M. Trade account by providing a proof of identification and up to date proof of address.

What is S.A.M. Trade trading platform?

S.A.M. Trade supply the popular MetaTrader 4 platforms for desktop, web browser and mobile trading apps for iOS or Android devices.

Where can I download S.A.M. Trade platform?

You can download the S.A.M. Trade trading platforms directly from the brokers website or the relevant iOS and Android app stores.

Where is S.A.M. Trade located?

S.A.M. Trade is headquartered in Malaysia and registered in St. Vincent and the Grenadines.

Is S.A.M. Trade regulated?

Yes, S.A.M. Trade is regulated.

What countries does S.A.M. Trade not accept?

S.A.M. Trade does not provide services to residents of following but not limited to Afghanistan, Belarus, Botswana, Brazil, Burundi, Colombia, Congo, Cuba, Egypt, Guinea, Guinea-Bissau, Iran, Iraq, Japan, Lebanon, Liberia, Libyan Arab Jamahiriya, Mali, Nicaragua, Nigeria, North Korea, Pakistan, Somalia, Somali Republic, South Africa, Spain, Sudan, Syrian Arab Republic, Togo, Ukraine, United States of America, Venezuela, Yemen, Zimbabwe

Is S.A.M. Trade a scam?

No, we dont believe S.A.M. Trade is not a scam. They are a regulated broker who are publicly traded on the OTC Markets.

How can I contact S.A.M. Trade support?

You can contact S.A.M. Trade customer support by completing a contact form on their website and via live chat.

Compare

Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
Founded200619742007
RegulatedASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSAFCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFFASIC, CySEC, FSA, SCB
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
SpreadsFixedVariableVariable
Leverage1:4001:2001:500
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker

Conclusion

Samtrade FX is an award-winning and regulated ECN/STP broker which offers very competitive trading conditions to traders from all backgrounds and of all experience levels. You can trade on an easy to use platform with tight spreads, low commission costs and rapid execution speeds. As a regulated broker, the broker must operate within the stipulated guidelines ensuring fair and reliable services.

The brokers adoption of the user-friendly MT4 platform with its numerous capabilities ensures that online trading is convenient for traders whilst they do not impose any restrictions on trading styles. In addition to manual trading, they provide social trading and managed portfolio services for those who do not have the time nor knowledge to trade by themselves and want to copy trading signals.

S.A.M. Trade provides trading tools to help ensure a seamless trading process along with educational materials to support beginners and around the clock support. Furthermore, there are flexible account types to choose from with quick and easy account payment options. It takes just $10 to open a trading account whereas demo accounts are available free of charge.

Samtrade FX Logo

Min $10 Deposit

Samtrade FX is a financial brokerage firm that specializes in the provision of online trading services for Forex & CFDs to retail & institutional traders. Samtrade FX operates using an STP/ECN brokerage model for global trading with very competitive trading conditions.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.

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