Verified: Samtrade FX Ltd (SAM Trade) The Company's Domain Name Https://www.samtradefx.com/registered In 2016.
As For Regulation, It Has Been Verified That SAM Trade Does Not Currently Have Any Valid Licenses.
And Most Non-compliant Brokers Do Not Disclose More Direct And Truthful Contact Information Such As Phone Numbers Or Company Addresses.
According To The Internet Query:
General Information
SAM Trade Was Established In 2015 In Saint Vincent And The Grenadines. They Have Regional Offices In The United Kingdom, Australia, Malaysia, Indonesia, Thailand, Hong Kong And Shanghai.
The Broker Has A Core Business In The Asia Pacific Region Where Its Headquarters Are Located In Malaysia. Currently, The Broker Has Over 50,000 Retail And Institutional Clients.
Market Instruments
This Broker Provides Investors With Tradable Instruments For Forex (major And Minor Currency Pairs), CFD Products And Commodities (gold, Silver, Crude Oil And Natural Gas).
Minimum Deposit
To Meet The Investment Needs Of Different Investors, The Company Has Set Up Five Account Types, Namely Standard (minimum Deposit Of $10), Islamic (minimum Deposit Of $10), STP (minimum Deposit Of $10), VIP (minimum Deposit Of $10) And ECN (minimum Deposit Of $100,000).
Leverage
SAM Trade Allows Its Traders To Use A Maximum Leverage Ratio Of Up To 1:200, Which Is Considered High.
Spreads And Commissions
All Account Trades Are Free Of Commissions, And Commission Fees Are Included In The Spread. The Average Spread For Major Currency Pairs Is EURUSD 1.7-2 Pips, GBP/USD2.4-2.6 Pips, And EUR/GBP 2.4-2 Pips.
The Lowest Average Spread For CFD Products Is ASX200 (200AUD) 6 Pips, Gold/USD Average Spread Is 30-42 Cents, Silver USD Average Spread Is 3.0-3 Cents, Crude Oil Spread Is 5.0 Cents, And Natural Gas Spread Is 5.0 Cents.
Trading Platform
SAM Trade Uses The World's Leading MT4 Trading Platform. MT4 Can Support More Than 30 Languages, And The Interface Is Concise And Easy To Understand. The Chart And Trading Platform Are Seamlessly Integrated, With The Ability To Open And Monitor An Unlimited Number Of Maps Simultaneously.
The Platform Supports Both Apple And Android Phones, Providing Instant Quotes And Fast Trade Execution.
Deposit And Withdrawal
The Broker Supports Bank Transfer And UnionPay Channel For Deposit And Withdrawal. The Minimum Amount For Deposit And Withdrawal Via Bank Transfer Is $20. It Takes 1-4 Bank Business Days For Deposit And Withdrawal, And The Cost Is Borne By The Customer.
The Minimum Amount For Deposit And Withdrawal Via UnionPay Is $20 Or Equivalent Currency. Instant Arrival Of Deposit Takes 1-4 Business Days For Withdrawal, And The User Bears The Foreign Exchange Rate And Telegraphic Transfer Handling Fee.
Customer Support
SAM Trade Claims To Respond To Customer Enquiries Via The Contact Form On The Broker's Website From Monday To Friday (24/5). They Also Have A Facebook Page Called "Samtrade FX" Which Can Also Handle Enquiries.
Live Web Chat Is Only Accessible To Registered Customers. Disappointingly, There Is No Contact Number To Reach The Broker Directly
